Introduction
Banker's Acceptance (BA) is a Bill of Exchange drawn by the customer and accepted by a Bank for financing trade transactions payable on a specified future date.
Features and Benefits
- Support both import and local purchase, export and local sale.
- Simple documentation requirements, that is application form, draft and supporting documents of the underlying trade transaction.
- MYR financing with competitive rates offers short-term funding to enhance cash flows.
- Financing value of the trade transaction is at least MYR 50,000.00.
- Bunching invoices are allowed subject to each invoice amount is at least MYR 1,000.00.
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