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Bills of Exchange Purchased / Authority to Purchase (BEP/AP)
It is a facility offered by a bank to the customer whereby the bank will negotiate / purchase customer's documents upon negotiation of LC. Customer's account will be credited immediately if documents submitted comply with the terms and conditions.

Salient Features of BEP/AP
•	BEP is classified into two:
	a)	Domestic Bills of Exchange Purchased/AP (DBEP/AP)
		Bills drawn under LC denominated in Ringgit Malaysia by Maybank TFCs or other banks in Malaysia purchased by the bank
	b)	Foreign Bills of Exchange Purchased/AP (FBEP/AP)
		Bills drawn under LC denominated in foreign currency issued by Maybank branches overseas or our correspondent banks purchased by the bank
•	Margin of advance can be up to 100%
•	Further enquiries can be made at any of our Trade Finance Centres or Business Centre nationwide

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

Benefits of BEP/AP to the customer
•	Able to improve cash flow as customer can obtain immediate funds from the bank
•	Compliance checking of documents is handled by experts

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