Bankers Acceptance is a trade finance product available to finance imports and domestic purchases as well as export and domestic sales. You can have the option of financing your term domestic sales or export under Bankers Acceptance facility.
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Features of the OCBC Bank's Bankers Acceptance :
Minimum financing amount - MYR50,000.00.
Minimum tenor of financing 21 days
Financing is in multiples of one thousand.
Bunching of invoices is allowed whether to meet the minimum amount or for convenience of financing. Each invoice must have minimum value of MYR1,000.00
Pricing is based on margin above prevailing interbank rates.
Upon discounting of Bankers Acceptance net proceeds will be credited into your account.
