The ECR is a short-term financing scheme for direct/indirect exporters by Export-Import Bank of Malaysia (Exim Bank) through designated commercial banks.

ECR financing is divided into two types, namely Pre-shipment and Post-shipment financing:

1. Pre-shipment financing
   
   Pre-shipment Export Credit Refinancing (ECR) facility is defined as loan advanced by Exim Bank to facilitate the production of eligible goods for export prior to shipment and to promote backward linkages to benefit the indirect exporters (local suppliers).
   
   This facility is available to direct and indirect exporters (local suppliers) to fund their purchases of domestic inputs and overhead expenses incurred in relation to the production of eligible goods.
   
   
2. Post-shipment financing
   
   Post-shipment Export Credit Refinancing (ECR) facility is defined as loan advanced by Exim Bank to finance exports of eligible goods on usance terms at a certain prescribed interest rate.
   
   Minimum period of financing is 7 days and the maximum period must not exceed the approved financing tenure subject to a maximum period of 6 months.
   
   The eligible goods are agricultural products, selected primary commodities and manufactured products that have significant value-added and utilization of local indigenous resources.