Trade Finance Program Disbursement Procedures
for Revolving Credit Facilities
13.8 Before disbursement can be made, ADB requires the following:
ȕ form of disbursement request (substantially in the form shown in Appendix 13E)
signed by an authorized representative of the borrower;
ȕ a bank’s acknowledgement of the receipt of funds by email within 3 business days
from the date of disbursement;
ȕ a subloan summary report on each subloan that is proposed to be financed
out of the proceeds of the disbursement (substantially in the form shown in
Appendix 13F); and
ȕ any other documents specified in the revolving credit agreement.
4
B-loan means a loan made by ADB funded by a third party or parties without the borrower or third parties
having any recourse to ADB. It involves the prearranged transfer to commercial lenders of participation in
an ADB complementary loan, but without credit recourse to ADB for debt service. ADB is the lender-ofrecord as the B-loan is made in the name of ADB
