Trust Receipt (TR) is a trade finance for imports and bridges the working capital requirement of a merchant through extension of a credit period under Documentary Credit terms or Inward Documentary for Collection until receipt of sales proceeds.
To finance the trade transaction for import of strategic goods or services which are unavailable in the country which is beneficial to the competitiveness of the country’s product.
Malaysian-owned or controlled company incorporated in Malaysia. Detailed information can be referred to Product Disclosure Sheet
Up to 180 days and subject to yearly review. The facility shall be revolving up to the approval limit.
Cost of fund plus spread.
Ringgit Malaysia, United States Dollars, Euro and other acceptable currency.
Against Sales proceeds or other proceeds.
Any but not limited to the following:-
- Corporate Guarantee
- Shareholders and/or Directors Guarantee
- Landed Property
- Charge on fixed or floating assets of the customer
- Assignment of Takaful/Insurance policies and contract proceeds.
Processing fee of 1.0%* of the financing amount.
(*)subject to Terms and Conditions. Not applicable to SMEs.
Note: All fees and charges are subject to Goods and Services Tax (GST)