VENDOR FINANCING SCHEME-i
Vendor Financing scheme (VFS-i) is applicable to vendors of selected Vendor Programmes. It bridges the cash flow of vendors from post production to payment by the Anchor Company.
Vendor Financing scheme-i (VFS-i) is a facility offered to Malaysian-owned or controlled companies under a selected Vendor scheme that requires financing of their invoice or bill to the Anchor Company.
The Shariah concept applicable to Vendor Financing Scheme-i (VFS-i) is Tawarruq (Commodity Murabahah)
The target customer for VFS-i shall be the Malaysian manufacturing companies involved and /or support the export-related industry in a selected Vendor Programme. Detailed information can be obtained from the Product Disclosure Sheet
Margin of Financing
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.
Fees and Charges