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

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