Close
Personal
Business
Services

Foreign/Domestic Bill of Exchange Purchase-i (FBEP-i/DBEP-i) – Documentary

FBEP-i/DBEP-i (Documentary) is a facility granted by the BMMB to their Client (seller) whereby the BMMB negotiates or purchases Client’s foreign or domestic bills on collection basis under contract of ‘Bai’ Dayn’. A short term financing whereby the bank purchases the Client’s right to the debt.

Benefits

Immediate fund
Improve company’s cash flow pending payment from buyer
Financing for full amount of the bill
Features
  • Documents are sent on collection basis
  • Financing for Sight Bill (D / P) and Usance Bill (D / A)
Document Required

The documents required for creating Export/Domestic Bill Purchased-i (DOC) are:

  • Documentary Collection / Negotiation Form from the customer
  • IFBEP DOC Bai Al Dayn Contact Note (Export Bill Purchased)
  • IDBEP DOC Bai Al Dayn Contact Note (Domestic Bill Purchased)
  • Shipping documents (as stated in Collection Instruction)
  • Bill of Exchange

You might also be interested in

Accepted Bills-i (AB-i) – Import/Purchase
Accepted Bills-i (AB-i) – Export/Sales
Foreign/Domestic Outward Bill For Collection-i (FOBC/DOBC-i)
Chat with us on
WhatsApp
AUSTRALIAN DOLLARAUD3.2000003.0460003.030000
BRUNEI DOLLARBND3.5860003.4290003.418000
CANADIAN DOLLARCAD3.4960003.3720003.355000
SWISS FRANCCHF5.2760005.0480005.030000
EURO EUR5.2680004.9760004.954000
STERLING POUNDGBP6.1430005.8900005.881000
NEW ZEALAND DOLLARNZD3.0230002.8060002.791000
SINGAPORE DOLLARSGD3.5860003.4420003.441000
UNITED STATES DOLLARUSD4.8550004.6040004.587000

2024-05-24 08:26:17