Financial facilities granting procedures Form
from Foreign Currency Reserves of NDFI
Agent Bank |
Directly accepting the requests of applicants for execution of projects / In line with NDFI priorities for granting facilities |
Agent Bank |
Examining the request based on NDFI Foreign Currency Facilities By-law and agency contract |
Agent Bank |
Examining the economic, financial and technical feasibility of project / Examining the activities & qualification of the applicant in agent bank |
Agent Bank |
Completing and sending the approved and confirmed credit questionnaire forms to NDFI |
NDFI |
Checking & matching the content of credit questionnaire forms with NDFI criteria’s of foreign currency facilities payment in line with agency contract |
NDFI |
Informing agent bank about the receipt of credit questionnaire forms for next activities about the requests which are in line with NDFI rules |
Agent Bank |
Signing contract with applicant and sending a copy of it along with time schedule indexes of the whole paid facilities repayment (separately for main & interest of the loan) and proofs of commitment fee payment to NDFI account |
NDFI |
After checking and approving the content of contract, time schedule indexes for loan principal & its interest and commitment fee to NDFI account, the order for freezing of the amount will be sent to CBI. |
Central Bank of Iran (CBI) |
Freezing the amount and informing NDFI & Agent bank |
Agent Bank |
Releasing the facility to applicant |