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A facility where the bank will negotiate/purchase the sales/export documents drawn under Letter of Credit (LC).
Features
  • Customer’s account will be credited with the sales/export proceeds if documents submitted comply with the terms and conditions of the LC
  • Ability to obtain immediate funds upon presentation of necessary documents
  • As a means of financing for working capital requirements
  • It is issued under Shariah contract of Bai’ Dayn
  • Compliance checking of documents is handled by experts
Types of BEP-i/AP
  • Domestic Bills of Exchange Purchased-i/AP
    (DBEP-i/AP)
    Purchase of Trade Bills drawn under LC denominated in Ringgit Malaysia (RM)
  • Foreign Bills of Exchange Purchased–i/AP
    (FBEP-i/AP)
    Purchase of Trade Bills drawn under LC denominated in foreign currency
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