Qualifying Criteria
- Valid Letter of Award or Contract
- Under minimum performance rating
Credit Checking-No Adverse Record
- CTOS
- CCRIS
- D-Cheque
Financial Of The Company
- Min. RM100K paid-up capital
- Operating in profit
- Profit Net Worth
- DSCR of Min 1.0x
Business Setup
- In Operation >3 year
- Key Management has >5 years experience
Facility Limit
- Value / Size of the project reasonably within the mean and capacity of the customer to undertake.
Security & Support
- Up to 70% Guarantee* cover by Skim Jaminan Pembiayaan Perniagaan (SJPP)
- Joint & Several Guarantee by directors
- Assignment of payment proceed from contract awarder to the Bank, Marginal deposit & Sinking fund
Products
- MCash (invoice)
- Letter of Credit (LC)
- Bank Guarantee (BG)
Tenure Of Financing
- MCash (invoice) – Renewable every year for a maximum period of three (3) years, or upon completion of the contract, whichever is earlier
- LC / BG – As per Letter of Award / Work Order from Awarder
Margin Of Financing
MCash (post financing)
- Up to 80% of claims invoice / purchase order (PO) amount.
MCash/LC (pre financing)
- Up to 100% of suppliers invoice amount
- Total disbursement (accumulated) is restricted up to 80% of contract value.
Profit Margin
- MCash (invoice) – average rating is BFR + 2%
- LC – Minimum commission of 0.1% per month
- BG – Minimum commission of 0.125% per month (min.RM200).
*Terms and conditions apply.
