The Board resolution dated December 03, 2020, the BOD of Vietnam Technological and Commercial Joint Stock Bank approved to grant the credit to Nui Phao Mining Company Ltd (NMPC) and Vonfram Masan Com Ltd (MTC). Details are as follows:
No.
Credit type
Content
1
Credit limit
1,600 billion dongs
1.1
Loan limit
1,600 billion dongs – LC balance – Guarantee balance - Discount balance.
1.2
LC limit
1,600 billion dongs – outstanding loan - Guarantee balance - Discount balance.
1.3
Guarantee limit
1,600 billion dongs - outstanding loan - LC balance - Discount balance; Of which:
+ Loan guarantee limit (Only applies to Nui Phao Mining Company Ltd)
+ Remaining guarantee limit (apart from loan guarantee) maximum 200 billion VND
1.4
Discount limit
1,600 billion dongs - outstanding loan - LC balance - Guarantee balance
1.5
Depreciation limit
maximum 300 billion VND
2
Limit before payment
Use a commodity derivative - only applies to Nui Phao Mining Company Ltd: 300 billion VND
3
Limit term
12 months