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Bills Exchanged Purchased-i/Discounted-i (BEP/D-i)
A facility offered to seller whereby the Bank purchases/discounts your sight/usance term bills drawn on international or local buyer based on the Shariah concept of Bay al-Dayn bi al-Sila'.
Features
The purchase/discount can either be upon presentation of documents or upon acceptance of the bill of exchange by the buyer.
Available to be utilised for both foreign or local bills drawn under Documentary Collection.
Financing tenure up to a maximum of 30 days (sight bills) or 180 days (usance bills).
Benefits
Improve Cash Flow
Immediate advance of your sales pending payment from your buyer improves cash flow and working capital requirements without compromising on your credit terms and pricing.
Hassle-Free Collection
Ease your worries as the Bank handles and monitors collection of sales proceeds.
Competitive Facility
The financing comes with competitive pricing and margin of financing.
Important Information
- Product Disclosure Sheet
- Application Form
- Fees and Charges
- Trade Finance Cut-Off Time
- Notification to Resident Exporter
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A facility where the Bank provides an immediate advance to exporters or sellers against the strength of the LC issuing bank without the requirement to have any pre-approved trade facilities.
A usance bills of exchange drawn on and accepted by the Bank for financing of your sales of goods, and payable on a specified future date.
A flexible solution which allows you to cover financing for both tangible goods and related services under your exports or sales trade transactions.
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