date:May 09, 2014
ced any delay in the repayment although we do sometimes (have the) experience that it takes more time to get the letter of credit issued.
Rabobank is working with commodity trade houses supplying goods to Egypt's state buying entities.
Should delays persist, some trading houses may choose to avoid Egyptian tenders, or they could add a risk premium to the prices they offer.
As Egypt is such a big importer of commodities, I think the risk premium will be the most likely course, the second Cairo