13.6 ADB’s disbursement for private sector loans, equity investments, and revolving credit
facility (RCF) of Trade Finance Program (TFP) are subject to
ȕ the loan, equity investment, or RCF agreement having been declared effective
by ADB;
ȕ the borrower or recipient, as applicable, having submitted to ADB a certificate of
incumbency sufficiently evidencing the authority of the person(s) who will sign
the disbursement request (substantially in the form shown in Appendix 13A); and
ȕ any conditions for withdrawal as specified in the loan, equity investment, or RCF
agreement having been met.
13.7 Before disbursement can be made, ADB requires the following:
ȕ Private Sector Loans:
Ȗ form of disbursement request (substantially in the form shown in
Appendix 13B) signed by an authorized representative of the borrower;
Ȗ a signed undated disbursement receipt, if required by the loan agreement,
indicating the amount received by the borrower with the date to be filled
in by ADB after the disbursement is value-dated (substantially in the form
shown in Appendix 13C);
Ȗ a promissory note, if required by the loan agreement in the case of B-loans
4
(substantially in the form shown in Appendix 13D); and
Ȗ any other documents specified in the loan agreement.
ȕ Equity Investment:
Ȗ capital call request signed by an authorized representative of the borrower;
and
Ȗ any other documents specified in the equity investment agreement.
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.
