Bills Purchased (DBEP/FBEP)

Bills Purchased (DBEP/FBEP)

This facility is extended to sellers or exporters who sell on sight terms under collection. Affin bank will purchase your sales /export documents and advance you the proceeds prior to payment from the buyer. It is a short-term advance to cover the transit period pending payment received for the shipment.

  • Immediate cash upon purchase of Bill of Exchange by the bank.
  • Improves your cash flow.
  • Helps to enhance your exports/sales.

Features

  • It is a short-term advance to cover the transit period pending payment from the buyer
  • Financing in Ringgit or Foreign Currency
  • Financing at sight up to 30 days
     

Benefits

Seller:

  • 100% financing of the invoice value
  • Financing of your sales at sight up to 30 days
  • Interest is computed up to days financed or until settlement date
  • Financing in Ringgit or Foreign Currency
  • Immediate advance of your sales proceeds pending payment from buyer
  • Advances granted will greatly improve Exporter’s/Sellers cash flow without compromising on your credit terms and pricing
  • Bank handles and monitors collection of proceeds
  • Simple documents preparation

Eligibility

  • Malaysian suppliers (Domestic Sales & Exports)

Requirements

  • Sales on sight 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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