The Bank is pleased to introduce a Receivables Financing Package (RFP), another form of post shipment financing against account receivables from local or foreign buyers.
Unlike the normal financing against account receivables where the financing is provided on recourse basis, RFP is mainly granted on non-recourse/without recourse basis to the Supplier.
|
FEATURES
OF RECEIVABLES FINANCING PACKAGE |
|
| Features | Description |
| Purpose | To finance receivables without recourse on clean basis. |
Eligibility
of Supplier |
Suppliers/Sellers which are acceptable to Maybank. |
Facility
Type |
Bankers Acceptance (Sales)
• Domestic
Bills of Exchange Purchase (FBEP)
• Short
Term Revolving Credit (STRC)
• Onshore
Foreign Currency Loan (OFCL)
• Foreign
Exchange Contract (FEC) Line |
Method
of Financing |
Discounting of trade receivables. |
Type
of Receivable Financed |
Local and
foreign receivables under :
• open account
(based on an underlying trade
transaction)
• on collection
basis |
Types
of Currency |
•
Ringgit, and
• Major
foreign currencies
(i.e.
USD, EUR, GBP, JPY, SGD, HKD, AUD,
CAD, NZD and CHF or other foreign
currencies as advised by Treasury
from time to time) |
Amount
of Financing |
The eligible
amount of financing is subject to
the credit limit approved by the
Bank. Financing is up to 100% of invoice value less upfront fees and charges. |
Facility
Limit |
Min
: RM50,000 or if in foreign currency,
min USD50,000 equivalent |
Period
of Financing |
Min
: as per existing product tenure
Max : up to 6
months |
Pricing
(Discount Rate) |
Discount rate will be based on the Buyer's risk. |
For enquiries
:
To find out more about our new financing
solution, please call our hotline no.
03-2074 8199 or visit
your nearest Business
Centre.
