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Trade Finance » Back to Back LC
Back to Back LC
General Characteristics
Back to Back LCs is issued on behalf of a customer against the security of Export LCs for procurement of raw materials either locally or from abroad and makes timely shipments. The customer is entitled to open BTB LC 75% to 100% of the FOB value of the Export LC. More than one BTB import LC can be issued against one or more export LCs.

The Government of Bangladesh has advised a special procedure under which the export oriented garment units are allowed to import their raw materials free of duty under the bonded warehouse arrangement. Back-to-Back letter of credit, in essence, is used to import the inputs generally on credit terms up to 180 days on the strength of the foreign LC received from the overseas buyers.
Facilities offered
EDF loan facility to the importer to meet import obligations at maturity
Pre-shipment finance in the form of Packing Credit for production and packing
FBP -Foreign bills purchase
FBP local – Inland / local bills purchase
In order to meet BTB import obligations, required portion of the export proceeds is to be kept in FC held for BTB payment A/c
Demand Loan will be created in case of export failure or if shortage of fund in FBPAR a/c or export precedes realization being delayed.
Relation to Other Business Processes
Credit
On receipt of documents for BTB import sight LC, payment is made by debiting EDF loan A/c
In case of failure of export or insufficient export proceeds, Force Demand loan is to be created for settlement of import obligations at maturity
Pre shipment finance in the form of Packing Credit is given to the customer for production and packing
On receipt of export documents, they may be purchased (in the form of FBP) up to a certain percentage of the document value if there are no discrepancies
On receipt of export (local) documents, they may be purchased (in the form of FBP-local) up to a certain percentage of the document value if there are no discrepancies.
Business Event
Recording Export LC / Contract
Opening of BTB LC
Amendment of BTB LC
Lodgement of BTB import bills
Settlement of import obligation at maturity.
Cancellation of BTB LC
For any query please Contact at: Tel: (PABX) 9551614 FAX: 880-2-9564009 or e-mail us at [email protected]
Foreign Currency Rates
Currency Buying Selling
USD 81.00 82.50
EURO 86.15 90.80
GBP 99.70 104.70
News & Events

October 18, 2018
A training course on ‘Foundation Training for Senior Officers & Officers’.

 

October 17, 2018
Pubali Bank Ltd. organizes Fire Safety Training & Fire Drill.

 

October 11, 2018
Pubali Bank Ltd. holds 2nd Managers’ conference-2018 of Mymensingh Region.

 

September 30, 2018
Pubali Bank Ltd. donates 15 lac taka to Shahjalal University for Research Purpose.

 

August 12, 2018
Pubali Bank Ltd. holds 2nd Managers’ Conference-2018 of Dhaka North.

 

August 09, 2018
Pubali Bank Ltd. donated an Ambulance to Dhaka National Medical Institute Hospital.

 

July 25, 2018
Disclosure relating to un-audited Half-Yearly (Q2) Financial information.

 

July 16, 2018
A training course on ‘Foundation Training for Senior Officers & Officers’

 

July 16, 2018
Pubali Bank Ltd. appointed Muhammad Mijanur Rahman Joddar as AMD-1.

 

May 20, 2018
Vice-Chairman of Pubali Bank Ltd. elected.

 

May 10, 2018
Pubali Bank Ltd. holds 35th Annual General Meeting (AGM)

 

May 10, 2018
Chairman of Pubali Bank Ltd. Re-elected for 02(two) years

 

April 30, 2018
Pubali Bank Limited honoured with plaque by the Centre for NRBs

 

April 17, 2018
Pubali Bank Ltd. signs MoU with BRAC Services Ltd

 

April 15, 2018
Pubali Bank Limited donated Tk.5 (five) crore to the Honourable Prime Minister’s Relief & Welfare fund.

 

February 22, 2018
Pubali Bank Ltd. signed agreement with Bangladesh Bank.

 

January 22, 2018
Pubali Bank Ltd. donated a Pick-up to DMP.

 

January 15, 2018
Pubali Bank Ltd. signed agreement with Bangladesh Bank.

 

November 28, 2017
Pubali Bank Limited donated 50,000 blankets to Prime Minister’s Relief fund.

 

November 27, 2017
Pubali Bank Ltd. inaugurates 458th branch at Melandaha Bazar, Jamalpur.

 

November 08, 2016
A training course on ‘Foundation Training for Senior Officers & Officers’ was held recently under the auspices of Pubali Bank Training Institute.

 

November 03, 2016
Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

 

November 03, 2016
Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

 

November 02, 2016
Pubali Bank Limited donates Tk. 20(Twenty) Lac to Dhaka Bar Association .

 

October 27, 2016
Pubali Bank Ltd. organizes Follow up Meeting with the CLS Agents on Consumers Credit Scheme .

 

October 23, 2016
Pubali Bank Ltd. gives bicycle to girls of Monir Ahmed Academy, Sylhet .

 

October 19, 2016
Pubali Bank Ltd. inaugurates its shifted Gulshan Model Town Corporate Branch.

 

March 01, 2015
Pubali Bank Ltd. recommended for 10% Cash Dividend for the year 2014.

 

February 23, 2015
Md. Abdul Halim Chowdhury new Managing Director of Pubali Bank Ltd.

 

February 22,, 2015
1st Managers’conference-2015 of Dhaka South Region of Pubali Bank Ltd. held.

 

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