Based on the Shariah principle of Wakalah (agency), the Documentary Credit-i (DC-i) is an irrevocable written undertaking given by the Issuing Bank in favour for a seller, on the account of the buyer, to honour a complying presentation.
Features & Benefits
Features & Benefits
Better Credit Standing
Control
Compliance
Faster Turnaround Time
With a DC-i enhancing your credit standing, you can negotiate for better prices and terms with your seller.
You determine what documents you need.
We will honour the agreement only when presented with the compliant documents.
Your goods will be timely delivered.
Eligibility
Eligible for buyers of both domestic purchases and/or imports
Fees and Charges
Type of products / services
Fees & Charges
Cut-off time for transaction to be processed
Issuance & Amendment involving increase in amount and / or extension of expiry date
0.1% per month or part thereof.
Minimum RM100.
Monday to Friday: 4:00 p.m. same day
(Crediting of funds by receiving Bank on the next business day - estimation)