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 |