Pcfc - disbursement & settlement

Others 1636 views 1 replies

Hello,

Would like some clarifications regarding the PCFC.

1) During the disbursement/avaling of PCFC, do the banks usually disburse the funds as per the exchange rate based on their Card Rates (which is usually quite low) or IBR less some margin.

2) The interest calculation on PCFC (let's sayd after 180 days) - is it in INR or in Foreign Currency itself. My banks say that I have to pay them in EUROS - meaning that after 180 days, I have to pay them (lets assume interest rate os 2.5%) - EUR10000 + EUR125 of interest. 

 

 

 

 

Replies (1)

Banks disburse 90% leaving a margin of 10% based on card rates 

Pre shipment Finance Loaned has to be liquidated within 180 days 

Interest will be calculated in Dollars based on 6 months libor plus spread 

be careful while checking the bank statement loan availed and loan adjusted should have same exchange rate  in the PCFC Statement 


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