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Flexibility to settle at any time
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Financing for full invoice amount
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Low minimum financing amount
- Trade Receipt(TR) is a method of financing whereby the Bank retains the legal title to the goods but relinquishes physical possession to the buyer / importer of the goods who acts as the trustee or bank agent. The buyer / importer will dispose of the goods and repay the Bank (amount owing plus interest) out of the proceeds of the sales on or before maturity of the TR.
- TR is strictly for financing of working capital requirement and must not be used to finance purchase of fixed assets e.g.plant, machinery, etc.
Have more flexibility
- Flexibility to settle any time at your own convenience (early settlement) but subject to the maturity date of TR.
- Financing for full invoice amount.
- Interest calculated up to settlement date only.
*Subject to credit approval and relevant terms and conditions
Reminder:
To borrow or not to borrow?
Borrow only if you can repay!
