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Issue 1 2004

Export Finance

(To meet working capital requirement for export consignment)

Do You Meet The Following Requirements?

  • Are a Fiji Resident or
  • If a Foreign National, do you meet Reserve Bank of Fiji (RBF) and Fiji Islands Trade & Investment Bureau (FTIB) requirements for foreign investment.
    Note: All producer exporters exporting to any destination qualify except producers of traditional exports. Traditional Exports are sugar, Molasses, Gold, Green Logs and Rough Unprocessed Sawn Timber:
Term Of Loan
  • 90 days facility is available for exporters on firm export orders
  • A Lump Sum Facility is available for export from stock or for those who make regular monthly exports – 180 days (maximum)
Interest Rate 6% p.a
Equity Contribution Nil
Security Required
( loan amount and may include)
  • Mortgage over to adequately cover land/Buildings
  • Personal Guarantees
  • Joint & Several Guarantees by Shareholders and Directors of the Company for total liability
  • Bill of sale over asset to be financed
  • Debenture over assets and undertakings
  • Assignment over export proceeds

Note: An eligible exporter can only use one of the following facility at a time.

  1. Pre-Shipment Export Finance Facility (PRE-SEFF)
    • Lump sum Facility
    • 90 days Facility
  2. Post-Shipment Export Finance Facility (POST-SEFF)
    • Allows eligible exporters to discount export bills.

Documents To Be Provided When Lodging Your Export Finance Application

  1. Memorandum & Articles of Association (for Companies)
  2. Copy of Certificate of business registration/incorporation
  3. Audited Financial statements for the last 3 years
  4. Draft accounts up to the last available month- end
  5. Bank statements for the last 6 months
  6. Letter of offer for existing bank facilities together with latest statement of account
  7. 6 months Export data
  8. Confirmation from overseas buyer for export arrangement
  9. Evidence that the export value meets 40% requirement of local value in accordance with RBF guidelines on Export Financing.

Call Your Nearest Branch For More Information

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Fiji Development Bank
360 Victoria Parade
PO Box 104
Tel: 679 - 331 4866 Fax: 679 - 3314886
Email: info@fijidevelopmentbank.com