A financing facility that allows you to collect your local/foreign purchases before payment of the Sight Bills/Usance Bills, as payment to suppliers is advanced by the bank

Maximum tenor:
Up to 180 days, determined based on the turnover period of goods

Margin of advance:
100% of the bill amount plus other payments e.g. freight / carrier charges and import duties

Features

• A mode of financing for goods purchased under Letter of Credit or  Inward Documentary Collection only
• Financing is available for other separate payments such as freight/carrier charges and import duties
• Early or partial settlement is allowed
• No minimum amount or tenor of financing: financing can be on invoice value for any number of days required, subject to your facility tenor/limit
• Also available under Islamic financing as Murabahah Trust Receipt-i
• You must have a facility with the bank
• Backed by over 400 branches nationwide, a network of over 80 international offices and more than 800 correspondent banks worldwide

Benefits

• Settle your payment obligations to the seller promptly andmaintain a good standing
• Take possession of the goods immediately without having to repay until the end of the financing period
• Sell the goods or turn them into finished products for sale or export without further delay
• Improve your company’s cash flow
• Make partial payments as and when you have the funds