Trade Working Capital Financing-i (TWCF-i)

This is a financing facility under the Murabahah and Bai’ Dayn contracts, to finance domestic or international trade against Letter of Credit-i or Inward Bills for Collection-i or on Open Account Basis. It enables you to settle payment in a convenient manner and facilitates convenient cash flow management. It provides up to 100% financing of the value of the invoice and ensures that the selling price will not be affected by fluctuations in the base financing rate. We provide both purchases financing and sales financing.

TWCF-i (Letter of Credit)

A financing facility to finance domestic or international trade against Letter of Credit-i issued by the Bank.

TWCF-i (Purchase)

A financing facility to finance domestic or international trade against Inward Bills for Collection-i or on Open Account Basis.

TWCF-i (Sales)

A financing facility to finance sales/export transaction under domestic or international trade against Outward Bills for Collection-i or on Open Account Basis.

Benefits & Features

Benefits of using our products:

Enables you to settle payment obligation to the seller or get immediate reimbursement on the advances made to the supplier or even get immediate cash for your credit terms sales
Facilitates convenient cash flow management of a business by having a fixed rate financing nature
As a prudent and reliable basis for the preparation of the business projection since the payment amount will not be affected by fluctuation in the Base Financing Rate
Provide up to 100% financing of invoice value
To benefit your unexpected incoming fund, prepayment is allowed

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	0.1% flat on the bill amount with: Min : RM50.00 Max : RM100.00 (Foreign currency) Max : RM500.00 (Local currency)
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 and 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