Export
Rediscount Facility
The Central Bank has sponsored
this facility to assist in the promotion of non-traditional
exports from Barbados. The Facility will allow exporters to
obtain export finance at minimum cost.
All commercial banks operating in
Barbados which maintain a reserve account with the Central Bank
of Barbados are eligible to participate.
All exporters who possess bills
receivable for the exportation of non-traditional goods, wholly
or partially manufactured in Barbados, are eligible to
participate in the Facility. The Central Bank reserves the right
to impose discount limits for individual exporters.
Only bills with credit periods
not in excess of 180 days will be considered for rediscount.
Advances against sight bills will be considered upon request.
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