INVOICE FINANCING-i (PURCHASE) (TAWARRUQ)

Finance your purchases for better cash flow management

Why you will love this

Finance purchases, services, transport, logistics, duty and input of the production processes

Free up your funds for other business purposes

Pay suppliers directly with a simple disbursement process

Based on the Shariah principle of Tawarruq

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Meet your suppliers’ payment terms confidently while optimising working capital for your business growth.

FEATURES AND BENEFITS

Direct payment to suppliers

Skip additional payment steps with direct remittance from OCBC Al-Amin to your suppliers.

Build stronger supplier relationships

Pay your suppliers on time while freeing up your cash flow.

Scale up your business

Disbursement according to your business needs at any point in time.

INVOICE FINANCING- PROCESS

HOW IT WORKS

Step 1

Submit the application along with your invoice(s) and other supporting documents.

Step 2

We provide financing by helping you make payment to your suppliers.

Step 3

You will pay the financing on maturity date.

DIGITALISE YOUR TRADE FINANCE ON OCBC VELOCITY

Make repeated purchases with ease

Cut short the processing time by saving details of recurring purchases with your suppliers using customised templates.

Track transactions in real time

Get an overview of your trade finance portfolio and obtain status updates of your trade finance applications submitted via OCBC Velocity.

Quicker processing time without the need for hardcopy documents

Submit your supporting documents online for quicker processing.

View your transaction history instantly

Retrieve an electronic version of your advices anytime, anywhere on OCBC Velocity.

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OCBC VELOCITY

Don’t have OCBC Velocity?

Apply for OCBC Velocity and manage your trade finance portfolio on-the-go.

Learn more

Before you apply

Trade transaction application

Log on to OCBC Velocity to apply or submit your completed application form to our Business Banking Service Desk.

Trade application forms (EN)

Trade application forms (BM)

Fees and charges

View latest fees and charges

Trade services cut-off time

Same day processing if your application is submitted by 3pm (for applications that are in order).

For transactions that involve a bank-to-bank transfer, the cut-off time is 12pm.

Trade services cut-off time

or call us at +603 8314 9090

Operating hours are from 9am to 6pm,
Monday to Friday (Excluding public holidays)

OTHER PRODUCTS YOU MAY LIKE

Accepted Bill-i (Purchase)

Greater assurance to secure your business deal.

Find out more

Trust Receipt-i

Free up your funds for business purposes

Find out more

Import Letter of Credit-i

Assures payment when the seller’s documents meet the conditions in the Letter of Credit-i.

Find out more

OUR AWARDS AND ACCOLADES

Best Services (Asian Banks) 2021

Asiamoney Trade Finance Survey.

Best in Treasury and Working Capital-SMEs – Malaysia

The Asset Triple A Treasury, Trade, SSC and Risk Management Awards.

Best Sustainable Trade Finance Solution in Malaysia 2020

Alpha Southeast Asia Best Deal & Solution Awards.

INVOICE FINANCING-i (PURCHASE) (TAWARRUQ)

Finance your purchases for better cash flow management

Meet your suppliers’ payment terms confidently while optimising working capital for your business growth.

Direct payment to suppliers

Build stronger supplier relationships

Scale up your business

Make repeated purchases with ease

Track transactions in real time

Quicker processing time without the need for hardcopy documents

View your transaction history instantly

Don’t have OCBC Velocity?

Trade transaction application

Fees and charges

Trade services cut-off time

Accepted Bill-i (Purchase)

Trust Receipt-i

Import Letter of Credit-i

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