| 1. |
What is factoring? |
| |
Factoring is working
capital financing whereby Maybank will purchase
the Client's approved trade invoices and provide
the cash advance upfront. Maybank will then proceed
to collect the factored trade debts from the debtors. |
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| 2. |
What are the advantages/benefits
of factoring?
| • |
Lack of collateral
is not the main consideration |
| • |
Improving cash
flow |
| • |
Efficient sales
administrative & collection services |
| • |
Facility limit
is based on sales volume |
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| 3. |
What are the normal
costs involved?
| a. |
Service Charge |
| |
A nominal flat
charge on invoice value mainly to offset
expenses incurred by us in providing our
sales administrative & collection services.
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| b. |
Discount Charge |
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A financial
charge on the funds utilised. |
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| 4. |
Who are eligible
to apply?
| • |
Malaysian established
company/partnership/sole proprietorship
that sells on credit. |
| • |
Experienced
management, with business track record. |
| • |
Acceptable annual
factorable invoice amount. |
| • |
Provides goods/services
to approved customers on a regular basis.
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| • |
Acceptable
invoicing procedure and credit terms for
factoring arrangement. |
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| 5. |
How to apply? |
| |
Complete our Application
Form for the Factoring Facility and submit
together with all the relevant documents to:
Maybank Factoring EFS
Level 3, Block A, Dataran Maybank,
No. 1, Jalan Maarof, 59000 Kuala Lumpur
Fax: 03-2283 2153 |
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| 6. |
How to obtain more
information? |
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Kindly contact our
Factoring marketing personnel for assistance |
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