VENDOR FINANCING SCHEME-i
Vendor Financing scheme (VFS-i) is available to vendors of selected Vendor Program. It bridges the cash flow of vendors from post production to payment by the Anchor Company.
Vendor Financing Scheme-i
Vendor Financing scheme-i (VFS-i) is a facility offered to Malaysian owned or controlled companies under a selected Vendor scheme which require financing of their invoice or bill to the Anchor Company.
The Shariah contracts applicable to Vendor Financing Scheme-i (VFS-i) is:
The target customer for VFS-i shall be the Malaysian manufacturing companies which involved and /or support the exports related industry in a selected Vendor Program. Detailed information can be referred to Product Disclosure Sheet
Up to 100% of invoice value discounted at prevailing profit rate.
Up to 180 days from date of disbursement.
ECOF-i plus 1.5% per annum.
Full payment upon maturity.
Disbursement is made directly to the Vendor upon receipt of confirmation by the Anchor Company.
Assignment of Payment by the Anchor Company.