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Bankers Acceptance (BA) – Sales
A short-term financing to finance your sales to residents or non-residents on usance terms. You will have to draw a bill of exchange payable at a predetermined maturity date to be accepted by the Bank. The BA is then discounted and the proceeds will be immediately credited to your account.
Features
Available in Ringgit Malaysia (RM) with minimum financing amount of RM50,000.
Tenure of financing ranges from 21 to 180 days, subject to the Bank's assessment.
Drawn under Letter of Credit, Collection or Open Account term of payment.
Benefits
Improve Cash Flow
Ease cash flow without having to compromise on credit terms.
Competitive Rates
Financing at competitive money markets rate.
Simplicity
Minimal supporting documents required.
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