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Bilateral Payments Arrangement (BPA)

BPA is a scheme for the settlement of net monetary obligations arising from trade between pairs of countries. BPA consists of 2 important elements:

  • The undertaking of sovereign risks by the Central Banks to facilitate settlement of monetary obligations among commercial banks in both countries arising from trade
  • The undertaking by the Central Banks of both countries to settle the net balance arising from the trade conducted between the two countries

FEATURES

  • Periodic settlement of net balance between signatory Central Banks
  • Central Banks grant net credit limit to each other
  • Letters of Credit (LCs) must be marked with special reimbursement clause
  • Trade transactions are carried out through the existing financial or banking system

BENEFITS

  • Guaranteed payments in domestic currency for exports and elimination of the credit risk and exchange risk
  • Greater confidence to trade with developing countries
  • Easier access to banking facilities

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References
Amanah Saham Bank Islam (ASBI)

  3 September 2010

ASBI

Net Asset Value (NAV) / Buying / Selling
(RM)

BIMB i Growth (Al-Mubin Fund)

0.2860

Al-Fakhim Fund

0.5202

Al-Munsif Fund

0.5299

Al-Falah Fund

0.5556

BIMB Invest Money Market Fund

1.0002



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