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Financing

Vendor Financing Program (VFP)

Vendor financing is a funding arrangement wherein a vendor assists a customer in availing of finance either directly or indirectly.

Security & Support
Up to 70% Guarantee cover by SJPP
Tenure of MCash Financing
Maximum 3 years
Tenure of LC/BG Financing

As per Letter of Award / Work Order from Awarder

Benefits

Increased Sales
Competitive Advantage
Faster Payment and Cash Flow
Enhanced Customer Relationships
Reduced Credit Risk
Simplified Sales Process

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.

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2024-02-27 08:21:06