General Features
- Onshore Foreign Currency Loan (OFCL) is a trade facility in Foreign Currency for financing of goods and services such as:
- Imports, Exports, Local Purchases and Local Sales*
- Domestic and / or foreign operating expenses or service payables.*
*Note: Terms and conditions apply
Minimum period of financing: 5 days.
Maximum period of financing: Must not exceed the approved financing tenure by the bank subject to a maximum period of 180 days.
- OFCL is drawn against presentation of necessary supporting documents and the financing amount is up to 100% of invoice value. The minimum OFCL financing amount is set at USD5,000 or its equivalent.
Access to alternate funding in foreign currency at competitive interest rate
Improve cash flow for better cash management and business expansion
Net exporters have the advantage of natural hedging of exchange risk
Please refer to the Product Disclosure Sheet for details on pricing.
Please refer here for details on trade fees and charges
