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 and Public Limited Company
• Government / Statutory Bodies

Requirements

• Malaysian-controlled or Malaysian-owned business
• 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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