Woman making pottery

Building
better Import Trade
Services.

RHB Import Trade Services


When trading with foreign counterparts, strong
support from a banking partner will give you all
the security you need to carry out your
transactions safely and confidently.

 

RHB Import Trade Services including eco-friendly ESG Trade Financing
solutions offers a range of services that will ensure that your trading is
done in a timely and effective manner.

Conduct your foreign business smoothly with
our array of import services.

Man checking ceramic dishes stock

Shipping Guarantee

As an Importer, if you want to obtain your goods quickly from the port but have yet to receive your original shipping documents, RHB Bank will assist by giving an indemnity in the form of a Shipping Guarantee (SG) to the shipping company to obtain your goods swiftly.
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Benefits

Enables you (the Importer) to take delivery of the goods immediately.
Eliminates storage, demurrage and handling charges.
Avoids possible losses due to the deteriorating condition of the goods.

Product Disclosure Sheet

Advance Endorsement

If your goods have arrived at the port or airport and you have not received the complete set of import documents, RHB Bank’s Advance Endorsement (AE) can help you to claim your goods.
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Benefits

Enables you (the Importer) to take delivery of the goods immediately.
Eliminates storage, demurrage and handling charges.
Avoids possible losses due to the deteriorating condition of the goods.

Product Disclosure Sheet
Ladies painting ceramic bowls

Documentary Collection

Let RHB Bank help you to collect and receive payment based on instructions and documents presented for domestic and international trade transactions. The collection is governed by the International Chamber of Commerce rules.
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Benefits

Simpler and cost-effective method of handling documentation compared to Letter of Credit.
No credit facilities required.
Allows access to financing options through our comprehensive range of financing products.

Product Disclosure Sheet

Inward Bills for Collection (IBC) Avalisation

If you are an Importer and require RHB Bank to add payment guarantee to your import collection bill, IBC Avalisation is the solution for you. We will guarantee to pay your seller on maturity of the IBC.
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Benefits

Additional comfort to your exporter as payment guaranteed by RHB Bank.
Exporter obtains a payment guarantee from RHB Bank without the need to comply with a Letter of Credit.

Product Disclosure Sheet

Letter of Credit

If you need to provide assurance of payment to your Suppliers locally or worldwide, RHB Bank will help you to issue a Letter of Credit (LC) promptly. This written undertaking by the bank assures your Suppliers that payment will be made upon the presentation of the compliant documents as stipulated in the LC.
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Benefits

Reduces the risk of non-delivery or late shipment as the Letter of Credit assures supplier of payment.
Ensures goods are delivered within the agreed terms and conditions.
Improves purchaser’s credibility.
Allows access to financing options through RHB Bank’s comprehensive range of financing products.
Governed by the International Chamber of Commerce rules.
Can be issued to Suppliers worldwide in major foreign currencies.

Product Disclosure Sheet

Over The Counter Letter of Credit

If you do not have a facility with RHB Bank but require a Letter of Credit (LC) fast and have the cash to make a deposit, we will be able to issue the LC over the counter to meet your business requirements. This is a one-off facility secured against 100% Fixed Deposit or cash margin in Ringgit Malaysia (RM) or in foreign currency for the full LC amount plus variance / tolerance.
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Benefits

Easy accessibility.
Ensures goods are delivered within the agreed terms and conditions.

Product Disclosure Sheet
Warehouse with stock of ceramic dishes

Standby Letter of Credit

If you need a simple form of guarantee that is acceptable internationally, a Standby Letter of Credit (SBLC) will be the right choice as it is governed under the International Chamber of Commerce rules. RHB Bank as the Issuer will guarantee on your behalf in the event of default or non-performance.
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Benefits

A simple form of security to support open account trading.
Will help secure the issuance of guarantees and financial facilities.
Proof of non-performance is not required other than a simple claim.
Governed by the International Chamber of Commerce rules.

Chinese RENMINBI (RMB) Trade Products and Payment Services

If you need to settle your cross-border transactions with a counterpart in China in Chinese Renminbi (RMB), RHB’s RMB Trade Products and Payments Services will be able to assist you.
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Benefits

Offers an additional currency choice for cross-border trade settlement.
Uses RHB’s Multi-Currency Account (MCA) in RMB to settle transactions.
Facilitates further growth of the China market to help you reach more customers and suppliers.

Start building better foreign trade with

RHB Import Trade Services


Apply now
Barista making coffee

RHB Reflex Premium Plus
helps to build better business efficiency.

As your ally, helping you grow your business to new heights is our top priority. With RHB Reflex Premium Plus, we’ll sort out your accounting, people management and other processes so you can focus on giving your business your all.

Know more

Accounting

View real-time bank balance and make payment directly from Financio then automated reconciliation to RHB Reflex.

HR

Kakitangan / Talenox works via RHB Reflex Premium Plus to manage leave, payroll and statutory payments.

Eligibility

Shipping Guarantee

  • New and existing Importers who have been granted the Shipping Guarantee (SG) facility.


Advance Endorsement

  • New and existing Importers who have been granted the Shipping Guarantee (SG) facility.


Documentary Collection

  • New and existing Importers.



Inward Bills for Collection (IBC) Avalisation

  • New and existing borrowers who have been granted the Inward Bills for Collection (IBC) Avalisation facility.


Letter of Credit

  • New and existing Importers granted with Letter of Credit (LC) facility.


Over The Counter Letter of Credit

  • RHB Bank’s existing borrowing and non-borrowing corporate, commercial and individual customers.
  • New/walk-in corporate and commercial customers.


Standby Letter of Credit

  • New and existing Importers granted the Standby of Letter Credit (SBLC) facility.


Chinese RENMINBI (RMB) Trade Products and Payment Services

  • New and existing Importers.

Apply now

These solutions may also help you maximise your business growth

RHB Business Current Account

RHB Business Current Account

Start your business and effectively track your business cash flow.
RHB Reflex

RHB Reflex

Online service, combining cash management, trade and payment solutions together as an integrated online solution.
RHB Miscellaneous Insurance

RHB Miscellaneous Insurance

Offers a wide variety of insurance for untoward incidents, mishaps or mishandling that could take place in the course of work including burglaries and loss of money and property.
Compare

Apply now


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