person is packaging products for domestic trade service

Building
better Domestic
Trade Services.

RHB Domestic Trade Services

 

When you are exchanging goods or services
within the boundaries of the country, it is
prudent to have the strong support of a banking
partner

 

RHB Domestic Trade Services including eco-friendly ESG Trade Financing
solutions helps to facilitate your local business trade transactions with
a wide range of services.

 

 

 

Maximising security for your trade transactions with
the right banking expertise.

Documentary Collection

Let RHB Bank help you to collect and receive payment based on instructions and documents presented for domestic and international trade transactions. The collection is governed by the International Chamber of Commerce rules.
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Documentary Collection

Benefits

Simpler and cost-effective method of handling documentation compared to Letter of Credit.
No credit facilities required.
Allows access to financing options through our comprehensive range of financing products.

Product Disclosure Sheet

Letter of Credit

If you need to provide assurance of payment to your Suppliers locally or worldwide, RHB Bank will help you to issue a Letter of Credit (LC) promptly. This written undertaking by the bank assures your Suppliers that payment will be made upon the presentation of the compliant documents as stipulated in the LC.
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Letter of Credit

Benefits

Reduces the risk of non-delivery or late shipment as the Letter of Credit assures supplier of payment.
Ensures goods are delivered within the agreed terms and conditions.
Improves purchaser’s credibility.
Allows access to financing options through RHB Bank’s comprehensive range of financing products.
Governed by the International Chamber of Commerce rules.
Can be issued to suppliers worldwide in major foreign currencies.
Product Disclosure Sheet

Over The Counter Letter of Credit

If you do not have a facility with RHB Bank but require a Letter of Credit (LC) fast and have the cash to make a deposit, we will be able to issue the LC over the counter to meet your business requirements. This is a one-off facility secured against 100% Fixed Deposit or cash margin in Ringgit Malaysia (RM) or in foreign currency for the full LC amount plus variance / tolerance.
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Over The Counter Letter of Credit

Benefits

Easy accessibility.
Simplified, hassle-free and faster application process.
Product Disclosure Sheet

Transferable Letter of Credit

If you are a middleman who does not have the capability to issue a Letter of Credit (LC) to your Exporters, transferring an LC is key to widening your business opportunities. By doing this, you will transfer part of all your rights and obligations to the actual supplier who will ship the goods directly to the buyer.
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Transferable Letter of Credit

Benefits

Allows the first beneficiary to arrange similar LC terms with the second beneficiary.
Minimises the risk of non-delivery or late shipment as the TLC assures the first beneficiary of payment.
Ensures goods are delivered according to the agreed terms and conditions.
Improves the credibility of the purchaser.
Governed by the International Chamber of Commerce rules.
Product Disclosure Sheet

Back to Back Letter of Credit

If you are a middleman who receives a Master Letter of Credit (LC) from the buyer and you do not wish to expose the original supplier of the goods, you can request RHB Bank to issue a Back to Back Letter of Credit (BBLC) to secure delivery from the actual supplier.
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Back to Back Letter of Credit

Benefits

Allows the customer’s supplier to vary the terms with the ultimate supplier.
Allows flexibility in varying the terms and conditions from the Master LC to suit the second beneficiary, including assuring the ultimate supplier of payment.
The identity of the buyer and actual purchase price will not be known to the ultimate supplier and vice versa.
Minimises the risk of non-delivery or late shipment by the ultimate supplier as the Bank LC guarantees payment upon presentation of compliant documents.
Governed by the International Chamber of Commerce rules.

Bank Guarantee

If you need a Bank to be a guarantor on your behalf, the RHB Bank Guarantee (BG) will provide security to an underlying contract between you and the beneficiary. Payment is unconditional and will be made upon presentation of a written demand by the beneficiary.
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Bank Guarantee

Benefits

Provides an undertaking on your behalf, giving comfort and assurance to the beneficiary.
Protects your interest as the bank will assist in reviewing the content of guarantee before issuance.
Facilitates transactions between contracting parties to extend customer reach beyond local boundaries.
Product Disclosure Sheet

Over The Counter Bank Guarantee

If you need a Bank Guarantee (BG) fast and you have the cash to place a deposit with us, RHB Bank will be able to issue it over the counter. It is a form of unconditional payment that will be made to the beneficiary upon presentation of a written demand.
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Over The Counter Bank Guarantee

Benefits

Easy accessibility.
Simplified, hassle free and faster application process.
Product Disclosure Sheet

Standby Letter of Credit

If you need a simple form of guarantee that is acceptable internationally, a Standby Letter of Credit (SBLC) will be the right choice as it is governed under the International Chamber of Commerce rules. RHB Bank as the Issuer will guarantee on your behalf in the event of default or non-performance.
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Standby Letter of Credit

Benefits

A simple form of security to support open account trading.
Will help secure the issuance of guarantees and financial facilities.
Proof of non-performance is not required other than a simple claim.
Governed by the International Chamber of Commerce rules.

Letter of Credit Advising

You are an Exporter and expecting a Letter of Credit (LC) to effect your shipment urgently. RHB as an intermediary will forward the (LC) received from the Issuing Bank to you (LC beneficiary). This is known as LC advising or export LC advising.
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Letter of Credit Advising

Benefits

RHB Bank’s extensive network of correspondent agents allow for authentication of Letter of Credit.
RHB Bank will select the most expedient means to deliver the Letter of Credit to the LC beneficiary.
Letter of Credit may be received through SWIFT or by courier service.

Assignment of Proceeds

Assignment of Proceeds is a convenient service rendered by RHB bank to help you redirect funds to the ultimate supplier with the proceeds you receive under a Letter of Credit (LC).
Know more

Assignment of Proceeds


Benefits

An inexpensive and simpler alternative to using a Transfer Letter of Credit or Back to Back Letter of Credit.
Allows access to financing options through RHB Bank’s comprehensive range of financing.
Product Disclosure Sheet

Start building better local businesses with
RHB Domestic Trade Services

Apply now
Barista making coffee

RHB Reflex Premium Plus helps to build better business efficiency.

As your ally, helping you grow your business to new heights is our top priority. With RHB Reflex Premium Plus, we’ll sort out your financial, sales, accounting, people management and other processes so you can focus on giving your business your all.

Know more

Accounting

View real-time bank balance and make payment directly from Financio then automated reconciliation to RHB Reflex.

HR

Kakitangan / Talenox works via RHB Reflex Premium Plus to manage leave, payroll and statutory payments.

MPOS

Take credit card payments on the go via MPOS where the collections are directly linked to your Business Current Account.

Eligibility

Documentary Collection

  • New and existing Buyers or Sellers.

Letter of Credit

  • New and existing Buyers who have been granted with Letter of Credit (LC) facility.

Over The Counter Letter of Credit

  • RHB Bank’s existing borrowing and non-borrowing corporate, commercial and individual customers.
  • New/walk-in corporate and commercial customers.

 

Transferable Letter of Credit

  • Existing customers of the bank who are the first beneficiary of the Transferable Letter of Credit (TLC). No credit facility is required.

Back to Back Letter of Credit

  • Customers who are seller and as a middleman, where they are the named beneficiary in the master Letter of Credit.

Bank Guarantee

  • New and existing customers who have been granted the Bank Guarantee (BG) facility.

Over The Counter Bank Guarantee

  • Existing borrowing or non-borrowing customers under consumer, commercial or corporate.

Standby Letter of Credit

  • New and existing customers who have been granted the Standby Letter of Credit (SBLC) facility.

Letter of Credit Advising

  • New and existing Sellers.

Assignment of Proceeds

  • New and existing Exporters. No credit facility is required.

Apply now

These solutions may also help you maximise your business growth

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