A facility granted to the customer to finance sales/export by discounting/purchasing sales/export documents drawn under documentary collection.
Features
  • Ability to obtain immediate funds upon presentation of necessary documents
  • As a means of financing for working capital requirements
  • Simple document preparation as document is presented under a collection basis
Types of BEP-i
  • Domestic Bills of Exchange Purchased-i (DBEP-i)
    Bills drawn in RM purchased by the bank and forwarded to its own branches or other banks in Malaysia under collection basis
  • Foreign Bills of Exchange Purchased-i (FBEP-i)
    Bills drawn in RM or in foreign currencies purchased by the bank and forwarded to its own branches, agents or other banks outside Malaysia under collection basis
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