About Maybank Invoice Financing iB
Invoice Financing To Buyers and/or Seller Based on Invoice
Maybank Invoice Financing iB financing is a financing principle based on invoices, both financing to Buyers and/or Seller as invoice recipients (Account Payable Financing) and financing to Sellers as invoice issuers (Account Receivable Financing) specifically for corporate/global banking segment business scales, where the operating business has Its impact at the international or market level is not only limited to one country or local market, but also operates in various countries.
The financing that will be used is in the form of working capital/short term working capital which is carried out using the Sharia scheme for trade transactions either to buyers/importers or sellers/exporters/suppliers who carry out trade both abroad and domestically who can help Customer cash flow by submitting an invoice as a document which is the main basis for providing facilities.
Maybank Invoice Financing iB to Sellers (Account Receivable Financing)
This is short-term working capital financing provided to the seller of goods or goods and services to the buyer, where the Bank carries out the financing based on the submission of an invoice made by the seller to the Bank and the funds from the disbursement in the form of cash can be directly used for financing. working capital is needed, so that the seller does not need to wait for payment from the buyer when the invoice is due. In this case, the Customer is the seller.
Maybank Invoice Financing iB to Buyers (Account Payable Financing)
Is short-term working capital financing provided to the buyer/purchaser of goods or goods and services from the seller, where the Bank finances the bills/invoices received by the buyer from the seller and pays them to the seller, so that the buyer has the flexibility of time to pay obligations for this financing until payment is received from the proceeds from the sale of goods or goods and services related to the purchase of goods or goods and services from the seller. In this case, the Customer is the purchaser.
Features and Benefits
- Customers as sellers who use the Maybank Invoice Financing iB Seller facility receive benefits, including smoothing the financial flow of the Customer's business, because there is no need to wait for payment from the buyer when the invoice is due.
- Customers as purchasers who use the Maybank Invoice Financing iB Buyer facility have the benefit of free time to pay obligations for bills/invoices for the purchase of goods or goods and services until payment is received from the proceeds from the sale of goods or goods and services.
- Available in IDR, USD, and other currencies approved by PT Bank Maybank Indonesia, Tbk
Time period
Facility Term
Maximum 1 (one) year from the financing agreement and can be extended according to Bank provisions.
Disbursement Period
Calculated from the date of disbursement of financing until the maturity date of the financing tenor in accordance with the Bank provisions.
Contracts
The Shariah contracts used for Maybank Invoice Financing iB products include:
- Wakalah Bil Ujrah (Services)
An agreement in Shariah finance where the Bank acts as a representative to carry out certain tasks or transactions on behalf of the Customer (muwakkil) in exchange for a fee or ujrah. In this contract, the representative is responsible for carrying out duties in accordance with the owner's instructions and in compliance with Sharia principles. The Customer pays ujrah to the Bank as compensation for the service. - Kafalah Bil Ujrah (Guarantee)
An agreement in Shariah finance where the Bank acts as a guarantor for the Customer's responsibilities or debts in exchange for fees or ujrah. In this contract, the guarantor (kaafil) is also responsible for paying the Customer's obligations to the debt owner (makful 'anhu). - Al Qardh (Benevolent loan)
An agreement in Shariah finance where the Bank provides loans to Customers without asking for compensation. This loan must be returned with the same value after the agreed period. - Hawalah (Transfer of Payable)
An agreement in Shariah finance where the Customer transfers responsibility for paying debts or receivables to the Bank. In this agreement, the Customer transfers the receivables to the Bank which agrees to carry it out according to the conditions stipulated in the agreement.
Term & Conditions
- Have a Maybank Giro iB at the Bank
- Documentation requirements for Maybank Invoice Financing iB:
- Maybank Invoice Financing iB Realization Document to Seller or Buyer
- Invoice/invoice/other billing documents
- Transport documents/Goods Handover Minutes
- The Customer's business does not conflict with Sharia principles and is not included in the type of industry that cannot be financed based on Bank policy.
- Customers are not included in the category of customers who have credit/financing problems based on the results of checks with Bank Indonesia and/or the Financial Services Authority.
- Customers are not included in the blacklist of Bank Indonesia and/or the Financial Services Authority.
- Customers have never received loans/financing at PT Bank Maybank Indonesia, Tbk or at other banks that are classified as problematic
Fees
- Ujrah Kafalah is calculated based on the pricing provisions applicable at the Bank and agreed upon by the Customer. Ujrah Kafalah can be changed according to agreement.
- Commitment Fee may be charged for unutilized facility.
- For customers who are required to use collateral appraisal services from the public appraisal services office (KJPP), the costs incurred during the collateral appraisal process are borne by the customer and must be paid after the collateral appraisal process.
- Costs incurred for closing loss insurance are borne by the Customer and must be paid before disbursement of financing.
- Notary fees related to binding financing and guarantees are the responsibility of the Customer which must be paid at the time of binding financing and guarantees.
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