It is a facility granted to the customer to finance sales/export by discounting/purchasing sales/export documents drawn under documentary collection

Features

• Ability to obtain immediate funds upon presentation of necessary documents
• As a means of financing for working capital requirements
• Margin of financing is up to 100% of the bill amount/invoice value
• Simple document preparation as document is presented under a collection basis

Types of BEP-i

• Domestic Bills of Exchange Purchased-i (DBEP-i)
  Bills drawn in RM purchased by the bank and forwarded to its own branches or other banks in Malaysia under collection basis
• Foreign Bills of Exchange Purchased-i (FBEP-i)
  Bills drawn in RM or in foreign currencies purchased by the bank and forwarded to its own branches, agents or other banks outside Malaysia under collection basis