Features
- Promotes the export of manufactured products, agricultural products and primary commodities
- Two types of facilities are available to exporters: pre-shipment ECR and post-shipment ECR
- Covers any product for export from Malaysia except turtle eggs, rattan and poisonous chemicals
- Both direct (manufacturing companies, agriculture product producers, trading companies) and indirect exporters (suppliers of domestic input) are eligible under this scheme
- Also available under Islamic financing as Export Credit Refinancing-i
- Backed by over 400 branches nationwide, a network of over 80 international offices and more than 800 correspondent banks worldwide
| Types of financing | Pre-shipment ECR |
Post-shipment ECR | |
| Methods of financing | Order Based | Certificate of performance | Bill discounting |
| User | Direct exporter Indirect exporter |
Direct exporter whose total exports of eligible goods for the last 12 months is RM 1 million and above | Direct exporter who exports eligible goods on sight / usance terms |
| Tenor | Maximum of 4 months | Maximum of 4 months | Minimum of 7 days and maximum of 6 months |
| Repayment | Direct exporter: Upon receipt of export proceeds or post- shipment proceeds Indirect exporter: proceeds from direct exporter | Upon receipt of export proceeds and/ or post-shipment proceeds. | Upon receipt of export proceeds or maturity of the post-shipment bill whichever is earlier |
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