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Bills of Exchange Purchased (BEP)
It is a facility by the bank to its customer whereby the bank may purchase customers' outward bills for collection under open account basis and the customer's account is credited immediately with the proceeds. The proceeds of the collection will be used to liquidate the advance.

Salient Features of BEP
•	BEP is classified into two:
	a)	Domestic Bills of Exchange Purchased (DBEP)
		Bills drawn in RM purchased by the bank and forwarded to its own branches or other banks in Malaysia under collection basis
	b)	Foreign Bills of Exchange Purchased (FBEP)
		Bills drawn in RM or in foreign currencies purchased by the bank and forwarded to its own branches, agents or other banks outside Malaysia under collection basis
•	Margin of advance is up to 100% of the bill amount
•	Further enquiries can be made at any of our Trade Finance Centres or Business Centre nationwide

Why would customers want BEP?
•	Able to obtain immediate funds upon presentation of necessary documents
•	As a means of financing for working capital requirements

Benefits of BEP to the customer
•	Able to improve cash flow as customer can obtain immediate funds from the bank
•	Simple document preparation as document is presented under a collection basis

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