Qualifying Criteria

• Valid Letter of Award or Contract
• Under minimum performance rating

Credit Checking-No Adverse Record

• • CTOS
  • CCRIS
  • D-Cheque

 

Financial Of The Company

• Min. RM100K paid-up capital
• Operating in profit
• Profit Net Worth
• DSCR of Min 1.0x

Business Setup

• In Operation >3 year
• Key Management has >5 years experience

Facility Limit

• Value / Size of the project reasonably within the mean and capacity of the customer to undertake.

Security & Support

• Up to 70% Guarantee* cover by Skim Jaminan Pembiayaan Perniagaan (SJPP)
• Joint & Several Guarantee by directors
• Assignment of payment proceed from contract awarder to the Bank, Marginal deposit & Sinking fund

Products

• MCash (invoice)
• Letter of Credit (LC)
• Bank Guarantee (BG)

Tenure Of Financing

• MCash (invoice) – Renewable every year for a maximum period of three (3) years, or upon completion of the contract, whichever is earlier
• LC / BG – As per Letter of Award / Work Order from Awarder

Margin Of Financing

MCash (post financing)

• Up to 80% of claims invoice / purchase order (PO) amount.

MCash/LC (pre financing)

• Up to 100% of suppliers invoice amount
• Total disbursement (accumulated) is restricted up to 80% of contract value.

Profit Margin

• MCash (invoice) – average rating is BFR + 2%
• LC – Minimum commission of 0.1% per month
• BG – Minimum commission of 0.125% per month (min.RM200).