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.

 
Purpose
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.
Shariah Concepts
The Shariah concept applicable to Vendor Financing Scheme-i (VFS-i) is Tawarruq (Commodity Murabahah)
Eligibility
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.
Tenure
Up to 180 days from date of disbursement.
Profit Rate
ECOF-i plus 1.5% per annum.
Currency
Ringgit Malaysia.
Payment
Full payment upon maturity.
Disbursement
Disbursement is made directly to the Vendor upon receipt of confirmation by the Anchor Company.
Security
Assignment of Payment by the Anchor Company.
Fees and Charges
Nil