RHB Bank allows you to finance imports on Letter of Credit, Documentary Collection and Open Account through Trust Receipt. Trust Receipt allows you to take possession of the goods and convert the goods into cash prior to maturity of the Trust Receipt. Trust Receipt is an agreement signed by the buyer and the bank, which states that the buyer will hold the goods in trust as the agent of the bank. The buyer will sell the goods and use the proceeds of sale to settle the advance made to the buyer.
Benefits
Allows you to take possession of the goods without having to use your own funds immediately
Improves cash flow by having additional time to convert your goods into cash
Flexibility in payment as partial repayment and early repayment is allowed without penalty
