Export LC Negotiation (EN)


An arrangement whereby the bank purchases or discounts the documents presented under Letter of Credit and rely on the reimbursement by the issuing bank at a later date. To finance seller / exporter against clean and compliant documents presented under their Export LC (EL) on with / without recourse basis.

  • Sight or usance Export LC up to 180 days – payment terms of EL
  • Denominated in RM or major foreign currencies
  • Margin of financing is up to 100% (at the bank’s discretion)
  • With or without recourse (Confirm LC) to beneficiary
  • Immediate funds if documents are in compliance with Export LC or usance documents are accepted by LC issuing bank