Review of all-in-cost (AIC) on External Commercial Borrowings (ECB) and Trade Credit

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प्रकाशित तारीख मार्च 30, 2012

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पीडीएफ ( 111964 )

Review of all-in-cost (AIC) on External Commercial Borrowings (ECB) and Trade Credit

On a review of the conditions in the global financial markets, it has been decided to continue with the enhanced all-in-cost ceiling for ECB and trade credit for a further period of six months as under:

(i) All-in-cost for ECB

Average Maturity Period	All-in-cost over 6 month LIBOR*
Three years and up to five years	350 bps
More than five years	500 bps
* for the respective currency of borrowing or applicable benchmark

(ii) All-in-cost for Trade Credit

Maturity Period	All-in-cost over 6 month LIBOR*
Up to one year	350 bps
More than one year and up to three years	350 bps

The all-in-cost ceiling is applicable up to September 30, 2012, subject to review thereafter. Instructions have been issued vide A.P. (DIR Series) Circular Nos. 99 and 100 dated March 30, 2012.

Ajit Prasad
Assistant General Manager

Press Release : 2011-2012/1571

Related Notifications
Mar 30, 2012	External Commercial Borrowings (ECB) Policy – Review of all-in-cost ceiling
Mar 30, 2012	Trade Credits for Imports into India – Review of all-in-cost ceiling