Financing scheme introduced by BNM to promote the export of eligible manufactured and agricultural products via credit facilities by commercial banks. To finance pre-shipment and post shipment of eligible products for exports.
- ECR-i Pre Shipment is based on Shariah contract of Murabahah (cost plus profit sale)
- ECR-i Post Shipment is based on Shariah contract of Bai’ Al-Dayn (sale of debt)
- Drawn in RM only
- Pre-shipment and Post–shipment bill must have a min nominal value of RM10,000
- Pre-shipment – max 4 months
- Post-shipment – max 6 months
- Pre-shipment draw down prior to shipment of eligible goods
- Bank handles and monitors the collection of export proceeds
- Obtain financing before actual payment or acceptance from buyer / importer
- ECR-i funding rate is determined by EXIM Bank from time to time