Saturday, August 19, 2017
Procedures

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