Bills Purchased-i (BP-i)

BP-i is a trade finance financing facility designed for Exporter whereby the bank will purchase the Customer’s right in foreign/domestic bill.

Features

Type of facility

  • Trade Bills-i Facility

Facility Limit

  • Subject to the bank’s prevailing credit policy and credit approval

Trade Line

  • Customer is required to have an existing or pre-approved trade line with the bank prior to the utilization of Bills Purchased-i.

Financing tenure

  • Sight Bills - Maximum of 30 days
  • Usance Bills - Based on maturity date with maximum up to 180 days

Benefits

  • Immediate advance of customer’s sales proceeds pending payment from buyer
  • Advances granted will greatly improve Exporter’s/Seller’s cash flow without compromising on your credit terms and pricing
  • Competitive pricing and margin of financing
  • The profit charged to the customer is fixed upfront
  • Bank handles and monitors collection of proceeds
  • Rebate will be given based on the days financed or until settlement date
  • Globally accepted Shariah concept used
  • Low late payment charges
  • No processing fee

Eligibility

  • Sole Proprietor
  • Partnership/ Limited Liability Partnership (LLP)
  • Private Limited Company

Requirements

  • Malaysian-controlled or Malaysian-owned business
  • Business enterprise based on the definition of SMEs
  • Confined to the Halal business/requirement
  • Customer must have good credit record and subject to bank’s credit criteria
 

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How to Apply

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  Contact our Call Centre at +603-8230 2222 or visit the nearest Business Centre nationwide today.

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