×
×
Letter of Credit-i (LC-i)
- A written undertaking given to your supplier on your instruction, to pay on sight or on a determinable future date against stipulated documents complied with the terms and conditions of the LC-i.
- The Bank offers both Wakalah LC-i and Murabahah LC-i for your convenience.
Features
LC-i can be issued for both local or international trade transactions.
Commission as low as 0.1% per month or minimum RM100.
Payment terms vary depending on the arrangement between buyer and seller.
Benefits
Credibility and Trust
Helps improve buyer's credibility and trust from suppliers.
Protect Buyer's Interest
Able to determine the terms and conditions to protect buyer's interest.
Conversion Options
You may choose to convert the LC-i to TR-i/AB-i/FTF-i upon LC-i maturity (subject to facility granted by the Bank).
You may also like...
A guarantee issued by the Bank to shipping company or agent on behalf of importers for clearance of purchased goods in the absence of the original Bill of Lading.
Collection handling of foreign and domestic inward documents for buyer/importer and trade settlement on terms agreed with supplier/exporter.
An undertaking by the Bank to pay an agreed sum to the beneficiary in the event that the Guarantee's applicant fails to perform its obligations.
There are more ways to reach us
Back to top
Copyright 2018 Affin Bank Berhad (25046-T).
