Account Receivable Financing
Product Name
Account Receivable Financing
Introduction
With the growing trend to use open account terms, instead of Letter of Credit, as a settlement method for international trade, Bank of China (Malaysia) Berhad offers a flexible solution – Account Receivable Financing for suppliers who are eager to build favorable relationship with their customers.
Account Receivable Financing in Bank of China (Malaysia) Berhad is one of the supply chain financing products. It is a purchase of invoices/bills raised by a Seller (our Client) under Open Account terms on approved Buyers and in consideration of this purchase, the Bank funds/prepays/discounts the qualifying invoices/bills.
For Customers
Collection Services
We (or our correspondent) will remind your buyers to pay on time, thus reducing your burden of debt collection.
Flexible Financing
Payment from your buyer is treated as the primary source of repayment. We provide you with the services including buyer's credit assessment, ledger management (optional) and debt collection. In addition to your existing banking facilities, we provide you with another source of financing to facilitate your cash flows.
Apply for Processing
Terms and Conditions apply. Availability of the facilities is subject to the bank’s approval.
Please contact 03-2387 8277 / 8235 or email to tscgroup@bankofchina.com.my for further inquiries.