Features
- The cost must be revealed
- The price and tenor of the lump-sum deferred payment must be agreed upon by the BMMB and client
- BMMB appoints client as an agent to sell on its behalf
- Only trade transaction on usance term is allowed
- Financing for finished goods
- The minimum amount of financing is RM5,000.00
- The minimum tenor is for 30 days
Document Required
The documents required for creating BWCF-i are:
- BWCF Contract Note (in case of direct financing)
- BWCF Project Contract Note (in case of project financing)
- Accepted Draft by Drawee (if applicable in case of D/A IBC)
- Letter of Authorisation to debit account (if applicable in case of non-financing)
- Bill of Exchange
- Commercial Documents (Invoice and Transport documents)
- Other supporting documents
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