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Promissory Note (P-Note) Financing
Improves financial manoeuvrability
For importers and exporters, Promissory Note Financing allows you to finance your sales and purchases of goods and services at competitive rates. Domestic and foreign trade can be financed under Promissory Note Financing. This product allows you to fully pay your loan before maturity or partially repay the loan as your cash flow improves. Foreign and domestic trade transactions originated from Letter of Credit, Documentary Collection and Open Account can be converted into Promissory Note Financing.
Allows access to competitive financing rates to meet your financing needs
Allows access to financing sales and purchases of goods and services
Improves financial manoeuvrability as you are allowed to partially repay or fully settle your loan prior to maturity
For importers and exporters, foreign currency trade financing allows you to finance your sales and purchases of local and foreign currency bills, in foreign currency or Ringgit. Bills drawn under Letter of Credit, Documentary Collection and Open Account can be converted into Foreign Currency Trade Finance. As the financing is advanced in foreign currency, your interest rate will be pegged to the foreign currency's interest rate instead of Base Lending Rate. This allows you to enjoy cost savings if the cost of funding in foreign currency is cheaper than Ringgit Malaysia.
Allows access to cheap funding through foreign currency rates when they are cheaper than Ringgit Malaysia
Improves your negotiation position as a buyer receiving shorter supplier credit period, or as a seller providing longer credit period
Improves cash flow for better cash management and business expansion
Net exporters have the advantage of natural hedging of exchange risk
You may benefit from foreign exchange if rates move in your favour
For importers and exporters, Flexible Trade Accommodation Bill (Flexitab) is offered to facilitate financing related to your nature of business, which may not be eligible for financing under conventional instruments such as Bankers Acceptance and Trust Receipt. As a trading company, manufacturer or service provider, RHB Bank provides a solution for your diversified trade financing needs with Flexitab.
Flexitab can be drawn to fund sales and purchases of goods and services, as well as other expenses related to taking delivery of goods and services such as insurance premiums, transportation charges and import duties. Services and expenses related to taking delivery of goods are currently not eligible for financing under Bankers Acceptance and Trust Receipt. Foreign and domestic trade transactions originated from Letter of Credit, Documentary Collection and Open Account can be converted into Flexitab.
Improves cash flow as you are able to finance expenses related to trade which are not financed by some banks
Allows the services industry to gain access to trade financing instruments. Examples include transport companies, hotels, ticketing and tour agents, construction companies, and courier companies
For importers and exporters, Bankers Acceptance is a financing instrument to finance your imports and exports. It is a Bill of Exchange drawn on and accepted by RHB Bank to finance purchases on sight and usance terms, and sales on usance terms. Domestic and foreign trade transactions can be financed under Bankers Acceptance. Domestic and foreign trade initiated under Letter of Credit and Documentary Collection can be converted into Bankers Acceptance financing.
For importers, RHB Bank allows you to finance imports on Letter of Credit, Documentary Collection and Open Account through Trust Receipt. Trust Receipt allows you to take possession of the goods and convert the goods into cash prior to maturity of the Trust Receipt. It is an agreement signed by the buyer and the bank, which states that the buyer will hold the goods in trust as the agent of the bank. The buyer will sell the goods and use the proceeds of sale to settle the advance made to the buyer.
Allows you to take possession of the goods without having to use your own funds immediately
Improves cash flow by having additional time to convert your goods into cash
Flexibility in payment as partial repayment and early repayment is allowed without penalty