Foreign Currency Trade Financing (FCTF)

 

Offers a unique financial solution tailored for
trade transactions denominated in foreign
currencies.

 

This financing can be utilised for transactions conducted under various
payment methods, including Letters of Credit (LC), Documentary Collections
(Collection), or Open Account arrangements.

 

FCTF is available to support both importers and exporters, providing
financing for trade transactions conducted on either sight or usance payment
terms. This comprehensive solution ensures that businesses can efficiently
manage their international trade activities with the flexibility and financial
backing they need.

Key Features

Man selling wood to the customer

Currency Denomination

Transactions can be financed in a variety of foreign currencies, providing flexibility and mitigating exchange rate risks.

Payment Methods

Supports various payment methods, including Letters of Credit (LC), Documentary Collections (Collection), and Open Account arrangements.


Lady checking the stock in the warehouse

Eligible Transactions

Available for both import and export transactions, covering a wide range of trade activities.


Payment Terms

Accommodates both sight and usance payment terms, catering to different trading needs.


Financing Period

Offers flexible financing periods to suit the specific requirements of each trade transaction.


Competitive Interest Rates

Provides competitive interest rates, making it a cost effective solution for trade financing..


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Customisable Financing Solutions

Tailored financing solutions to meet the unique needs of each customer, enhancing the overall trade financing experience.

Streamlined Process

Simplifies the trade financing process, reducing administrative burdens and improving efficiency.


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Grace Period Option

Additional grace period of up to 30 days may be added into your sales financing tenor to align with your Buyer’s payment date.

Accessibility

No minimum financing tenor or amount, and no cap on customer credit rating, making it accessible to a wide range of businesses.


Benefits to the Customer

Grace period

Grace period

Offers a grace period of up to 30 days for Sight Sales Financing under Open Account Basis.
Comprehensive financing scope

Comprehensive financing scope

Covers the financing of goods and services for both import and export transactions.
Flexibility

Flexibility

No minimum requirements for financing tenor or amount.
Interest collection

Interest collection

Interest is collected upon the maturity of bills, easing cash flow management.
Draft requirement

Draft requirement

Eliminates the need for a draft, simplifying the financing process.
Settlement options

Settlement options

Allows for partial and early settlement, providing greater flexibility.
Credit rating

Credit rating

No cap on customer credit rating, making it accessible to a wide range of businesses.

Eligibility

Multi Currency Account (MCA)


  • Open to all customers with a Multi Currency Account (MCA) with RHB. Customers without an MCA are encouraged to open one.

Business Segments

 

  • Available to all business segments dealing in tangible and/or intangible goods.

 

Independent Counterparty


  • The counterparty must not be a related company to the customer.

 

Product Disclosure Sheet

These solutions may also help you maximise your business growth

Transact with RHB today

 

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You can also contact our Trade Customer Solution (TCS) team at 03-2302 6060

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