Access the IBC service without a credit facility.
IBC is less expensive than Documentary Credit.
Make payment upon arrival of goods.
Applicable for direct and indirect exporters who are dealing in domestic purchases and imports
| Type of products / services | Fees & Charges | Cut-off time for transaction to be processed |
|---|---|---|
| Collection Service | 0.1% flat on Collection value. RM denominated Collection – Minimum RM50; Maximum RM500. FCY denominated Collection –Minimum RM50; Maximum RM100. |
Monday to Friday: 4:00 p.m. same day (Funds will be credited by the receiving Bank on the next business day - estimation) |
| Commission in lieu of exchange | 0.1% flat on FCY settlement value. Minimum RM50. Maximum RM300. |