Pcfc - disbursement & settlement

1679 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 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details