Economics · Banking Facilities
Which type of facility is a combination of a Fund Based and a Non-fund Based credit, where the limit sanctioned allows the borrower to interchange between cash credit and the issuance of a letter of credit or bank guarantee?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Foreign Currency Term Loan (FCTL)
- 2Demand Loan
- 3Composite Loan Facility✓
- 4Overdraft Facility
Correct answer
Composite Loan Facility
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