Accepted Bills-i (AB-i)

AB-i is a money market priced driven instrument which can be drawn to finance domestic purchases or imports and domestic sales or exports. The AB-i may be sold in the secondary market, thus enabling the Bank to provide attractive financing rate.

AB-i (Purchase)

It is a financing facility granted to you to finance your purchase of tradable goods that include raw material, semi-finished and finished goods. Payment to suppliers will be made immediately by the Bank. It is created for both sight and usance bills. In the latter instance, AB-i financing enables extension of credit to you.

AB-i (Sales)

It is a financing facility granted to finance your sales or export of goods on credit terms that include raw materials, semi-finished and finished goods. It is a short term financing facility whereby the Bank purchases the debt which is securitised in the form of Accepted Bills.

Benefits & Features

Benefits of using our products:

Eligible financing provided at attractive financing rate
No need for rounding down to nearest thousand as we provide up to 100% financing of invoice value
Improves your cash flow
There is no acceptance commission while financing profits are paid at the tail end (i.e. payable upon maturity of the AB-i)

Cut-off time

Application received by 12:30pm* will be processed on the same day.

* Subject to all terms and conditions complied with

Fees & Charges

Subject	Charges	Rate / Amount
1. As per transaction
Direct Invoice Financing	Commission	RM100.00 flat on bill amount less than RM500,000.00. If more than RM500,000.00, no commission imposed.
Splitting/Bunching Invoices	Commission	RM50.00 flat for bunching of 5 and more invoices per transaction or splitting to more than 1 transaction on same invoice.
Local	Postage	Actual direct cost incurred
	Courier	Actual direct cost incurred
	SWIFT	Malaysia (Local): RM25.00 Outside (Foreign): RM50.00
	RENTAS	RM2.00 per RENTAS application
	Interbank Giro	RM0.10 per IBG application
	Banker’s Cheque	Stamp Duty RM0.15 Processing Fee RM0.50
2. Utilization Notice & Contract note BB 48	Stamp duty	RM10.00
3. Letter of Indemnity (for summary invoices)	Stamp duty	RM10.00
4. Bills drawn under LC	Handling fee	RM50.00 flat
5. Overdue Bills	Ta’widh	As per Ta’widh formula: = FV x r x t / 36500 Where, FV = outstanding overdue amount (outstanding amount = cost + profit overdue) r = IIMM rate t = no of days due from the original maturity date
6. Others
Fax	Out of pocket expenses	Actual direct cost Incurred
Photocopy	Out of pocket expenses	Actual direct cost Incurred
Other direct cost	Out of pocket expenses	Actual direct cost Incurred