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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. |