Bankers
Acceptance is a draft (Bill of Exchange) drawn by the
customers to their order, payable on a specific future
date and accepted by the Bank for the purpose of financing
of underlying trade transactions i.e. export, import
or domestic.
Salient features of BA
To
finance purchase/import and sales / export of goods
from / to resident / non resident
Maximum
financing tenor is up to 365 days, which will be determined,
based on customer's business requirement. Minimum tenor
of financing is 21 days
Offers
attractive/ competitive pricing
Margin
of advance is up to 100% of invoice value rounded downward
to the nearest thousand
Minimum
amount of financing is RM 50,000-00 or its equivalent
Customer
must have an arranged BA facility with the bank. Further
enquiries can be made at any of our Trade
Finance Centres or
Business Centre nationwide
Why would the customer want
BA financing?
Applicable to finance both
sales and purchases on credit terms
A means of financing for
working capital requirements
Benefits of BA financing to
the customer
Provides short-term funds
for the customers
Provides two-way financing
as BA financing is applicable for both sales and purchases
It is the cheapest means
of financing in RM currently available