Cut-Off Time For Trade Services

 
ServicesCut-off Time For Receive Of InstructionCurrency Notes

Import Bills

Letter Of Credit (LC-i)
  • Issuance /Amendment
  • Payment
By 3.00 p.m on Transaction Day
By 12.00 p.m on Transaction Day (for RENTAS payment)
By 1.00 p.m on Transaction Day (for Foreign Payment)
Within 8 working hours on Transaction Day upon documents in order
Islamic Accepted Bills (Purchase) (AB-i)
  • Rentas
  • Reimbursement
By 12.00 p.m on Transaction Day
By 3.00 p.m on Transaction Day
Within 8 working hours on Transaction Day upon documents in order
Bai Al Dayn Working Capital Financing (BWCF-i)
  • Rentas
  • Credit Account
By 12.00 p.m on Transaction Day
By 3.00 p.m on Transaction Day
Within 8 working hours on Transaction Day upon documents in order

Export Bills

Advicing Of Inward Letter Of Credit (ILC-i)
  • Rentas
  • Credit Account
By 4.00 p.m on Transaction Day
By 4.00p.m on Transaction Day
Within 8 working hours on Transaction Day upon documents in order
Islamic Accepted Bills (Sales) (AB-i)
  • Rentas
  • Credit Account
By 12.00 p.m on Transaction Day
By 3.00 p.m on Transaction Day
Within 8 working hours on Transaction Day upon documents in order
Bai Al Dayn Working Capital Financing (BWCF-i)
  • Rentas
  • Credit Account
By 12.00 p.m on Transaction Day
By 3.00 p.m on Transaction Day
Within 8 working hours on Transaction Day upon documents in order
Export Bills Purchase (FBEP-i / DBEP-i)
  • Creation
By 12.00 p.m on Transaction Day Within 8 working hours on Transaction Day upon documents in order

Bills Collection

Inward Bills Collection (IBC-i)
  • Creation

  • Payment

By 3.00 p.m on Transaction Day
By 12.00 p.m on Transaction Day
By 1.00 p.m on Transaction Day
All inward IBCs received by 3 p.m. Within 8 working hr on Transaction Day
Within 8 working hours on Transaction Day upon documents in order
Outward Bills Collection (OBC-i)
  • Creation

  • Payment

By 3.00 p.m on Transaction Day
By 4.00 p.m on Transaction Day
All outward IBCs received by 3 p.m. Within 8 working hr on Transaction Day
Within 8 working hours on Transaction Day upon documents in order

Bank Guarantee (BG-i) and Standby Letter Of Credit (SLBC-i)

Issuance / AmendmentBy 12.00 p.m on Transaction Day
Within 8 working hours on Transaction Day upon documents in order

Shipping Guarantee (SG-i)

IssuanceBy 4.00 p.m on Transaction Day Within 8 working hours on Transaction Day upon documents in order
Bills SettlementBy 4.00 p.m on Transaction Day Within 8 working hours on Transaction Day upon documents in order
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