Bills Discounted (DBED/FBED)

Bills Discounted (DBED/FBED)

This facility is for exporters who sell on credit or usance terms. Under normal circumstances, the seller will have to wait till the maturity date to receive payment from the buyer. Under this facility, the exporter will present the shipping documents and the bank will discount the documents at a discounted rate. The discounting can be either upon presentation of documents or upon acceptance of the bill of exchange by the buyer.

The exporter will receive the discounted proceeds. The advance given by the bank will be settled upon receipt of the export proceeds.

Features

  • Financing in Ringgit or Foreign Currency
  • Facility extended to sellers/exporters who sell on credit or usance terms under collection of documents against acceptance (D/A)
  • The discounting can be either upon presentation of documents or upon acceptance of the bill of exchange by the buyer
  • The advance given by the bank will be settled upon receipt of the export/sales proceeds

Benefits

Buyers:

  • 100% financing of the invoice value less discounted interest
  • Immediate advance of your sales proceeds pending payment from buyers
  • Flexibility of financing in Ringgit or Foreign Currency
  • Advance granted will greatly improve Exporter’s/Seller’s cash flow without having to compromise on credit terms or pricing
  • Bank handles and monitors collection of proceeds
  • Simple documents preparation

Eligibility

  • Malaysian suppliers (Domestic Sales & Exports)

Requirements

  • Sales on usance terms
  • Approved BEP Facility with the bank
  • Application must be made in the bank’s standard Application Form, along with Bills of Exchange, duly completed and signed by your authorised signatory/ies.
  • Application must be accompanied by supporting documentation e.g. export documents, evidencing the underlying trade transaction.

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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