Export Credit Refinancing

For the Exporter

RHB Bank participates in the Export Credit Refinancing (ECR) Scheme initiated by Bank Negara Malaysia. The scheme is currently managed by Export-Import Bank of Malaysia Bhd to promote export of products made in Malaysia or contain local content, approved agricultural products and primary commodities. The scheme allows the financing of exports at competitive rates. Financing is categorized under pre-shipment ECR and post-shipment ECR. Pre-shipment ECR is advanced to facilitate the production of eligible goods prior to shipment and encourage backward linkages between the exporters and local suppliers. Post-shipment ECR is advanced to exporters to finance the export of eligible goods after shipment.

Benefits

• Competitive financing rates offered
• Pre-shipment financing provides working capital upon receipt of export orders
• Allows the exporter to pay their suppliers early and secure better pricing
• Allows the exporter to expand their business with the added funds