Bill Advance

Bill Advance

Bill advance is  a kind of short-term finance offered by the bank to the exporter according to his demand upon receiving the bills under the letter of credit and the import collection items;

• To speed up and accelerate cash flow, ease the funding pressure,　　　　　　　　　　　　　　　　 
• Simplify the financing process compared to working capital loans;　　　　　　　　　　　　　　　　
• Saving financial cost by choosing interest rates of different currencies

When the exporter could not make payments owing to the short of work capital, and also, the export goods market is booming, the bill advance will be introduced. When there are other investment opportunities, and also, the prospective earning rate of the investment is higher than the interest rate of bill advance, the bill advance will be introduced.

Legally registered in Malaysia, Maintain current account with our bank. Granted Trust receipt facility by our bank.

Maintain current account with our bank, origin commercial contract, and commercial bills issued under relevant law within six months.