Promissory Note (PN)


An instrument allowing you to pay for goods/services/expenses with the Bank’s funds and only pay it back at a later date

  • 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 sales invoice to the bank
  • With the fund available to you before your buyer makes the payment, you have additional liquidity to expand your business further
  • Imagine you’re a BMW car dealer, you are about to import 20 units of BMW cars from Germany but you are lacking the cash required to make the purchase
  • You may approach our bank to get this financing on your purchase invoice
  • With this facility, you may start selling the imported goods without coming up with a huge amount of money upfront
  • Can finance either Purchase or Sales of trade related goods and services
  • Drawn in Ringgit Malaysia or any major Foreign Currencies
  • Max 365 days (Purchases) and 180 days (Sales)
  • Scope of financing:
    • Pre-shipment financing against LC or export orders
    • Trade receivables
    • Purchase of Capital goods
    • Services rendered
    • Financing of invisibles (freight charges, insurance, warehousing, utilities, salaries etc.)
  • Margin of financing is up to 100% (at bank’s discretion)