Banking Info - Trade Services

To assist SMEs in trade transactions, financial institutions also provide payment services. The Outward/Inward Bills for Collection (OBC/IBC) service is as follows:

Things I Should Know

	Documents required for loan application
	Loan application process
	Your rights and responsibilities as a borrower
	Rehabilitaton fund for small businesses
	Government programmes for SMEs

What Else Can I Do?

	Download the booklet on SME - financing products for your business
	Prepare a business plan for my loan application
	Email this to a friend
	Bookmark this page
	Give us your feedback

Usage

Assists customer in making payments for trade transactions.

Features

	Documents are channeled through the financial institution with specific instructions

	Financial institutions handle documents on instructions received to:

	- Obtain acceptance and/or payment

	- Deliver commercial documents against acceptance and/or against payment

	- Deliver documents on other terms and conditions

Benefits

For buyers:

	A safe method as payment can be deferred by the buyer until the goods arrive

	Customers will have time to inspect the documents before paying/accepting

For sellers:

	Documents of value are not released to the buyer until payment or acceptance has been affected

	Can seek legal remedy in case of non-payment on maturity date

Download
here

For more information on trade services or other financing products such as asset acquisition, working capital,and trade financing , please download our booklet on
SME- Financing Products For Your Business.



	Links
	List of banking institutions in Malaysia
	List of development financial institutions
	Bank Negara Malaysia
	SMEinfo
	FMB
	Foreign Exchange Administration
	Credit Bureau
	ABM
	CGC