Documentary Credit (LC)

A Letter of Credit (LC) is an undertaking from the bank issued on behalf of the buyer to guarantee payment to a seller against presentation of compliant documents under the terms and conditions stipulated in the LC. As part of our commitment to you, we are able to issue LCs to most parts of the world in different currencies through our 700 correspondent banks worldwide.

Features

  • Issued on behalf of a buyer and guarantees payment to seller against presentation of compliant documents under the terms and conditions stipulated in the LC
  • Payment terms varies depending on arrangement between buyer and seller

Benefits

Buyers:

  • Buyer credit risk is substituted with that of Issuing bank
  • You can negotiate with seller for better credit terms and pricing
  • Obtain subsequent financing at competitive financing
  • One stop hassle free marine insurance coverage at competitive premium
  • Minimize risk of non-delivery or late shipment

Seller:

  • Assured payment against compliant documents
  • Don’t have to worry on financial standing of buyer
  • Confirmed order & no worry of cancellation without consent
  • Retain control of shipping documents
  • Secure financing at competitive pricing

Eligibility

  • Malaysian buyers (Domestic Purchases & Imports)

Requirements

  • Approved LC Facility with the bank
  • Application to be accompanied by copy purchase order or sales contract, if available

How to Apply

  Leave us your contact details so that we may reach out to you

Click here

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

Tariff Charges insert_drive_file
Rates & Charges attach_money
Calculator phonelink_ring