Trust Receipt
Product Name
Trust Receipt
Introduction
Trust Receipts is a common financing provided by the bank to the importer. The customer was granted with a trust receipts facility after its credit standing, financial profile is assessed by the bank. Trust receipt limit has a fixed tenor and usually used together with import letter of credit limit.
Product features
To speed up and accelerate cash flow, case the funding pressure.
For Customers
Importer/Purchaser with financing needs from the bank.
Application requirements
The enterprise is maintaining current account with our bank and having granted the trade facilities by the Bank of China (Malaysia) Berhad.
Product Disclosure Sheet
Documents required
The customer should provide the following documents:
a. Trust Receipt
b. Bill of Exchange
c. The underlying trade supporting documents
