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- Documentary Collection is a way of channeling shipping documents for Import and Export where OSK Malaysia act as a (Presenting / Collecting) Agent bank to channel the said documents to the intended recipients. Governed by URC522 rules, collection documents could be either Document Against Payment "D/P" (At Sight) or Document Against Acceptance "D/A" (Usance Term).
- Documentary Collection widely accepted especially for established relationship between Buyer and Sellers
- Enables the customer to settle payment obligation to the seller not under LC
- By using OSK Malaysia as a financier under Murabahah Contract facility i.e. Murabahah Tawaruq, it will enables importer monitor its cash flow management of a business by having a fixed rate financing nature
- As a prudent and reliable basis in the preparation of the business projection, since the selling price will not be affected by fluctuation in the Base Financing Rate
- Provide up to 100% financing of invoice value
- Open to companies or multi national corporation maintain current account with KFHM.
- Standard application form for OBC
- As per URC 522
