Features
Purpose Of Financing
- Contract financing – TNB, PETRONAS, General Awarder
Tenor
- 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
Financing Size
- Value / Size of the project reasonably within the mean and capacity of the customer to undertake.
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).
Eligibility Criteria
- Valid Letter of Award or Contract
- Under minimum performance rating
Type of Facilities
- MCash (Invoice)
- Letter of Credit (LC)
- Bank Guarantee (BG)
Guarantee Fee
- 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
