RHB Import Trade Services

When trading with foreign counterparts, strong support from a banking partner will give you all the security you need to carry out your transactions safely and confidently.

RHB Import Trade Services offers a range of services that will ensure that your trading is done in a timely and effective manner.

Conduct your foreign business smoothly with
our array of import services.

Shipping Guarantee

As an Importer, if you want to obtain your goods quickly from the port but have yet to receive your original shipping documents, RHB Bank will assist by giving an indemnity in the form of a Shipping Guarantee (SG) to the shipping company to obtain your goods swiftly.

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Advance Endorsement

If your goods have arrived at the port or airport and you have not received the complete set of import documents, RHB Bank’s Advance Endorsement (AE) can help you to claim your goods.

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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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Inward Bills for Collection (IBC) Avalisation

If you are an Importer and require RHB Bank to add payment guarantee to your import collection bill, IBC Avalisation is the solution for you. We will guarantee to pay your seller on maturity of the IBC.

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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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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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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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Chinese RENMINBI (RMB) Trade Products and Payment Services

If you need to settle your cross-border transactions with a counterpart in China in Chinese Renminbi (RMB), RHB’s RMB Trade Products and Payments Services will be able to assist you.

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Start building better foreign trade with

RHB Import Trade Services

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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.

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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

Shipping Guarantee

  • New and existing Importers who have been granted the Shipping Guarantee (SG) facility.

Advance Endorsement

  • New and existing Importers who have been granted the Shipping Guarantee (SG) facility.

Documentary Collection

  • New and existing Importers.

Inward Bills for Collection (IBC) Avalisation

  • New and existing borrowers who have been granted the Inward Bills for Collection (IBC) Avalisation facility.

Letter of Credit

  • New and existing Importers 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.

Standby Letter of Credit

  • New and existing Importers granted the Standby of Letter Credit (SBLC) facility.

Chinese RENMINBI (RMB) Trade Products and Payment Services

  • New and existing Importers.
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Only Deposit products are protected by PIDM up to RM250,000 for each depositor. Click here for PIDM’s DIS brochure.