Financial Guide for SMEs - SME Corporation Malaysia
Financial Guide for SMEs - SME Corporation Malaysia
Financial Guide for SMEs - SME Corporation Malaysia
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<strong>Financial</strong> <strong>Guide</strong> <strong>for</strong> <strong><strong>SME</strong>s</strong>Product Usage Features Benefits• Able to obtainimmediate fundsupon presentationof necessarydocuments.• Able to improvecash flow of thebusiness since<strong><strong>SME</strong>s</strong> can obtainimmediate fundsfrom the financialinstitution.A facility provided bythe financialinstitution <strong>for</strong>exporters, wherebythe financialinstitution maypurchase customers’outward bills <strong>for</strong>collection and thecustomers’ account iscredited immediatelywith the proceeds.As a means of workingcapital financing <strong>for</strong>exporters.Bills of ExchangePurchased (BEP)The buying andselling of <strong>for</strong>eignexchange on a spotor <strong>for</strong>ward basis, inrespect of <strong>for</strong>eignproceeds orpayments to be madeat sight or at a futuredeterminable date.Foreign ExchangeContracts (FEC)<strong>Financial</strong> <strong>Guide</strong> <strong>for</strong> <strong><strong>SME</strong>s</strong>• Customers areable to fit theirexchange rates <strong>for</strong>purpose ofcosting/hedging.• No furtherexposure toexchange riskfluctuationsespecially in volatilemarkets orconditions.Generally <strong>for</strong>businesses, with thefollowing features:• Regularly importingor exporting in<strong>for</strong>eign currenciesof a sizeable level.• With credit standingthat is acceptableto the financialinstitution.115115chapter 7-13 p79-181 Eng.indd 1158/15/11 5:03:00 PM
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