RHB Bank allows you to finance your imports on Letters of Credit, Documentary Collection and Open Account both local and overseas through Trust Receipt. Trust Receipt is an agreement signed between the buyer and the bank stating that the buyer will hold the goods in trust as the agent of the bank. Payment to the bank will be made upon maturity of an agreed tenure or period granted.
• Allows you to take possession of the goods without having to use your own funds immediately
• Flexibility in payment as partial repayment and early repayment is allowed
• Allows financing in both SGD and major Foreign Currency such as AUD, CAD, EUR, GBP, JPY, USD
• Improves cash flow and facilitate cash management
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