Allows you to get your sales proceeds upon presenting proper documentation with LC-i to your bank before your buyer makes the payment
- Imagine you’re a glove exporter and you required high cash flow to fulfil your business needs
- Once the gloves have been shipped, you may convert your sales to cash immediately by presenting the trade documents with the LC-i to the bank
- With the fund available to you before your buyer makes the payment, you have additional liquidity to expand your business further
- EP-i is based on Shariah contract of Bai’ Al-Dayn (sale of debt)
- Payment terms – sight or usance bills up to 180 days
- Denominated in RM or major foreign currencies
- No minimum amount of financing
- Margin of financing is up to 100% (at bank’s discretion)
- Bank handles and monitors the collection of proceeds
- Obtain financing before actual payment or acceptance from buyer / importer