ACCEPTED BILL-i (PURCHASE) (MURABAHAH)

Finance your purchases and imports with short-term trade financing

Why you will love this

Receive financing for your purchases or imports

Improve your business cash flow

Payable by you at a predetermined future date to OCBC Al-Amin

Based on the Shariah principle of Murabahah (mark-up sale)

Get us to contact you

Meet your suppliers’ payment terms confidently and promptly while retaining working capital for your business growth.

FEATURES AND BENEFITS
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Pay suppliers on time

Bridge your cash flow gaps with cash advances from your sales.

Bridge your cash flow gaps with cash advances from your sales.

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Gain access to working capital and less expensive funding (compared to Bank-based financing e.g., Base Financing Rate)

Free up your funds for other business purposes.

Free up your funds for other business purposes.

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Finance direct payments to suppliers

OCBC Al-Amin will pay your suppliers directly without the need for additional payment steps on your part.

OCBC Al-Amin will pay your suppliers directly without the need for additional payment steps on your part.

ACCEPTED BILL-i PROCESS
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HOW IT WORKS

Step 1

Submit the application together with the AB-i draft and supporting documents to OCBC Al-Amin.

Step 2

OCBC Al-Amin will finance the payment and pay your supplier directly.

Step 3

Pay the financing on maturity date.
DIGITALISE YOUR TRADE FINANCE ON OCBC VELOCITY
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Track transactions in real time

Get an overview of your trade finance portfolio and obtain status updates of your trade finance applications submitted via OCBC Velocity.

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Quicker processing without the need for hardcopy documents

Submit your supporting documents online for quicker processing.

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View your transaction history instantly

Retrieve an electronic version of your advices anytime, anywhere on OCBC Velocity.

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OCBC VELOCITY

Don’t have OCBC Velocity?

Apply for OCBC Velocity and manage your trade finance portfolio on-the-go.

Learn more
Before you apply

Trade transaction application

Log on to OCBC Velocity to apply or submit your completed application form to our Business Banking Service Desk.

Trade application forms (EN)

Trade application forms (BM)

Fees and charges

View latest fees and charges

Trade services cut-off time

Same day processing if your application is submitted by 3pm (for applications that are in order).

For transactions that involve a bank-to-bank transfer, the cut-off time is 12pm.

  Trade services cut-off time

Important information

Based on the Shariah principle of Murabahah (mark-up sale). You will be appointed as the Bank’s agent to purchase/import goods which will be sold to you subsequently as principal at a sale price (Financing amount + Bank’s profit) on deferred payment terms.
APPLY FOR AN ACCEPTED BILL-i (PURCHASE) TODAY

Get us to contact you by filling in the details below.

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or call us at +603 8314 9090


 Operating hours are from 9am to 6pm,
 Monday to Friday (Excluding public holidays)

OTHER PRODUCTS YOU MAY LIKE

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Finance your purchases to improve your cashflow.

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Import Letter of Credit-i

Assures payment when the seller’s documents meet the conditions in the Letter of Credit-i.

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Trust Receipt-i

Offers financing for your purchases made under the Letter of Credit-i terms.

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OUR AWARDS AND ACCOLADES

Best Services (Asian Banks) 2021

Asiamoney Trade Finance Survey.

Best in Treasury and Working Capital-SMEs – Malaysia

The Asset Triple A Treasury, Trade, SSC and Risk Management Awards.

Best Sustainable Trade Finance Solution in Malaysia 2020

Alpha Southeast Asia Best Deal & Solution Awards.

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