Outward Bills for Collection-i (EC-i)


A process of obtaining payment from the buyer by the bank acting on behalf of the seller. Bank act as intermediary and channel the documents in accordance with instructions received in order to obtain payment / acceptance. To act as agent for the handling of documentary collection bills for customers who are sellers / exporters.

  • EC-i is based on Shariah contract of Wakalah (agency)
  • Documents against Payment (DP) – Sight (Immediate payment)
  • Documents against Acceptance – Usance (Credit Term given by seller)
  • Denominated in Ringgit Malaysia and Foreign Currency