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How to fill out the Banker's Acceptance form online
This guide provides clear and detailed instructions on how to effectively fill out the Banker's Acceptance form online. Whether you're new to this process or require a refresher, the following steps will assist you in completing the form accurately and efficiently.
Follow the steps to successfully complete the form.
- Click the 'Get Form' button to retrieve the form and access it in your editing platform.
- Enter the date in the format dd/mm/yyyy in the specified field at the top of the form.
- From the dropdown menu, select your branch in Malaysia. Ensure to choose the correct location for proper processing.
- Fill in the applicant's name and address clearly in the designated fields. This information represents the entity seeking the banker's acceptance.
- In the details of financing section, enter the amount in figures (RM), rounded down to the nearest thousand. This informs the bank of the total financing needed.
- Provide your telephone number, fax number, email address, and other relevant contact information for communication purposes.
- Specify the start date and maturity date for the acceptance, as well as the chosen tenor.
- If applicable, complete the foreign exchange details by selecting the currency from the dropdown menu, entering the exchange rate, and adding reference numbers for each currency.
- Indicate the purpose of financing by checking the appropriate box for the transaction type, such as the purchase or sale of goods.
- Tick the documents you are attaching, including commercial invoices or delivery orders, to support your application.
- Provide a brief description of the goods involved in the transaction in the specified section.
- In the disbursement of proceeds instructions, fill in your account number and specify the beneficiaries, including their account details and amounts.
- Authorize any bank charges by entering your account number and agreeing to the terms associated with the charges.
- If there are any additional instructions, specify them in the provided section.
- Conclude by signing the applicant's authorisation and declaration, ensuring you comply with your bank's standard terms and conditions.
- For the final steps, review your form for any errors, and once complete, save changes, download, print, or share the form as needed.
Complete your Banker's Acceptance form online today to ensure a smooth financing process.
Related links form
The Bank is the primary obligor but not liable until maturity. It is usually of high volume. The bank gives its guarantee to the transaction based on the underlying Trade transaction.
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