Banker Acceptance

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For Bank Use Only BA Ref Due Date To: The Manager HSBC Bank Malaysia Berhad (Company No. 127776-V) ........................................................... Branch Date: .................................................................... BANKERS ACCEPTANCE Drawn to Finance from / to BA No. Reference No. - (Original Bills/Invoices) Date of Invoices Description of Goods Tenor purchase resident sale non-resident Amount RM Total Amount Tenor of Invoices Name of Company on Invoices Company
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  To:The Manager HSBC Bank Malaysia Berhad (Company No. 127776-V) ........................................................... BranchDate: .................................................................... BANKERS ACCEPTANCE Drawn to Financepurchasesalefrom / toresidentnon-residentBA No. Tenor Amount RMReference No. Total Amount- (Original Bills/Invoices)Date of Invoices Tenor of InvoicesDescription of GoodsName of Company on InvoicesCompany AddressDear Sir1.As arranged, we enclose the abovementioned Bankers Acceptance for your acceptance and discounting together with therelevant supporting documents for your persual.2.We certify that we have not obtained financing by any other means for the said transaction, including financing pursuantto a lease, hire purchase or factoring agreement.3.We confirm that the good purchased are not intended to be fixed assets. (applicable to Finance against purchase)4.We further confirm that the transaction is strictly a genuine trade transaction and is in full compliance to the BankersAcceptance guideline as laid down by Bank Negara Malaysia from time to time.5.On the date of maturity of the Bankers Acceptance, we undertake to repay to you before 12 noon the full amount of theacceptance credit financing and you are authorised to debit and/or set off the said indebtedness from any credit balance(s)in any of our account(s) in obtaining repayment from us.6.In the event the acceptance credit financing is not repaid by us on maturity or on the non-acceptance/non-payment of thebill, we further undertake and agree to pay all additional interest, costs, charges and expenses incurred until theacceptance credit financing had been fully repaid by us, which will be debited and/or set off from any credit balance(s)in any of our accounts(s) PROVIDED ALWAYS that where the sums in credit balance are insufficient to settle theamount outstanding (including any interest, cost, charges and expenses incurred), the Bank is authorised to uplift suchsums toward the satisfaction of the amount outstanding, which shall not discharge the debtor from liability for any sumremaining unsettled nor prejudice the Bank’s right to take action to recover the same.7.We shall keep as far as practically possible this transaction, the Documents, the Goods and all proceeds thereof separatefrom any others and shall not permit Goods to be processed or altered without your consent.8.We hereby agree to observe and comply with all the covenants and conditions on our part as specified in the TradeFinancing General Agreement (or the General Security Agreement Relating to Goods, as the case may be; in either event,hereinafter referred to as “the Agreement”) irrespective of whether the Agreement had been executed by us, includingany amendments to the Agreement and to indemnify you against all losses or damage which you may incur as a result of the non-observance or non-compliance with such covenants and conditions. A copy of the Agreement is available uponrequest from your Branch of account.    B   L   S   5   8   0   H   2 For Bank Use Only BA Ref Due Date  9.You are hereby authorised toUse the proceeds to settle the abovementioned bill together with interest and all charges, if any, and to debit ouraccount with you for the difference between the amount required to settle the bill and the said BankersAcceptance. Please settle bill by Transfer/Demand Draft/Telegraphic Transfer/Cashier Order to:Beneficiary’s BankBeneficiary’s NameA/C NoAmount1.2.3.4.Credit proceeds to our A/C (in the case of finance against purchases, we enclosethe relevant receipt evidencing payment made).Collect the draft amount from the overseas drawees.Yours faithfullyAuthorised Signature(s)Name of A/C HolderFor Bank Use OnlySig. VerifiedTick where applicableEncl. For Bank Use OnlyDeclaration by Authorising Officers for BA Financing I/We hereby confirm that I/we have sighted the srcinal invoices relating to the above transaction which was financed underBankers Acceptance.I/We also confirm that the srcinal invoices have been properly endorsed as the Bank having financed the invoice.NameNameNameDateDateDate StampDuty 
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