Bilateral Payment Arrangement (BPA)

Bilateral Payment Arrangement (BPA) is a mechanism for the settlement of net monetary obligations arising from trade between two countries and the purpose is to promote trade between Malaysia and other designated developing countries.

Features

  • Mechanism to facilitate payment via LC between two countries
  • Payment guarantee is provided by central bank thus converting commercial risk into sovereign risk

Benefits

  • Guaranteed payment by Central Bank in domestic currency for Exports and elimination of credit risk and exchange risk
  • Easier access to banking facilities for exports to non-traditional markets
  • Greater confidence to export to developing countries

Eligibility

  • Malaysian Importers and Exporters
  • BPA signed by Bank Negara Malaysia with participating countries only

Requirements

  • Transactions performed under LC only

How to Apply

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