Thank you for providing detailed information on LIBOR transition during online session on 16 th

November 2021 and sharing presentation on LIBOR along with loan interest calculation sheet.

In this regard, Could you please explain it with examples as per our bank’s products? Currently, Bank has
following products:

1. PCFC (Pre-Shipment Credit in Foreign Currency)

2. PSFC (Post-Shipment Credit in Foreign Currency)
3. FCTL (Foreign Currency Term Loan)
4. FCDL (Foreign Currency Demand Loan)

Further, How ARR will be calculated for PSFC (for export bills purchased /discounted/negotiated by
bank) as in this case Interest shall be collected upfront at the time of transaction for the duration of loan
period.

For Example: If bank purchases a demand bill of USD 10,000.00 for 90 days on 01.11.2021 from an
exporter. Then Bank is required to quote rate of interest to customer for 90 days on 01.11.2021. So,
which day SOFR will be considered to fix rate of interest.