APPLICATION FOR INVOICE FINANCING (IF)
To:OCBC Bank (Malaysia) Berhad(295400-W)
1. Name & Address of the Applicant: / 2. Detail of the Financing:a) Currency and Amount in figures: USDMYRAUDCADEURGBPHKDJPYSEKSGD
b) Rate Quoted: (%) p.a. by
c) Tenor: days
Contact Person: / d) Start Date : JANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDEC20122013201420152016201720182019
Tel No: / Fax No: / e) Maturity Date : JANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDEC20122013201420152016201720182019
3. Exchange Rate Contracted (If applicable):
a) Currency : USDMYRAUDCADEURGBPHKDJPYSEKSGD / b) Exchange Rate : / c) Contract No :
4. Instruction on Disbursement of Proceeds:
a) Please credit my/our account No: with you.
b) Remit by: RENTAS / GIRO / TT to:
1st Payee: / 2nd Payee:
Payee’s Bank: / Payee’s Bank:
Address/Branch: / Address/Branch:
A/c No: / A/c No:
Amount: USDMYRAUDCADEURGBPHKDJPYSEKSGD / Amount: USDMYRAUDCADEURGBPHKDJPYSEKSGD
3rd Payee: / 4th Payee:
Payee’s Bank: / Payee’s Bank:
Address/Branch: / Address/Branch:
A/c No: / A/c No:
Amount: USDMYRAUDCADEURGBPHKDJPYSEKSGD / Amount: USDMYRAUDCADEURGBPHKDJPYSEKSGD
c) Issue: Cashier’s Order / Draft as follow:-
1st Beneficiary: / 3rd Beneficiary:
Amount: USDMYRAUDCADEURGBPHKDJPYSEKSGD / Amount: USDMYRAUDCADEURGBPHKDJPYSEKSGD
2nd Beneficiary: / 4th Beneficiary:
Amount: USDMYRAUDCADEURGBPHKDJPYSEKSGD / Amount: USDMYRAUDCADEURGBPHKDJPYSEKSGD
d) Kindly utilise proceeds from disbursement towards liquidation of OCBC Bills Ref:
5. Original/Supporting Documents (If applicable):
a) Invoice / b) Transport documents / c) Others (Please specify):
6. For Export Related Transaction, Mandatory Information Required Under Strategic Trade Act 2010 (“STA”) :
a)The underlying goods (including technology) are are not Strategic Items / Unlisted Items.
b) Type of permit / document :
Single use Bulk Multiple Use Special Permit Others (please specify)______
NOTE : To enclose a copy of permit, if this has not been previously provided to the Bank.
7. Instruction on Charges and Payment:
Please debit my/our account No:with you for all banking commission, charges, repayment and interest on/upon maturity.
8.Applicant’s Declaration and Authorisation:a)I/We have not obtained other financing for the above transaction including leasing, hire purchase and factoring;
b)I/We represent and warrant to the Bank that :-
i)my/our trade transactions, exports, transshipment or transit of goods (including technology) and related documents (such as LC, Drafts, shipping/transport documents, bills of lading or other document of title to goods) financed, discounted, purchased, collected by and/or endorsed to/by the Bank) does not infringe the Strategic Trade Act 2010, as amended or supplemented from time to time and the regulations/orders issued thereunder (“STA”); and
ii)all necessary permits, licences, registrations, and approvals required under the STA for my/our trade transactions, exports, transshipment or transit of goods (including technology) and the related documents have been obtained and are in full force and effect. A copy of the relevant permit, registration or approval shall be produced to the Bank as and when any transaction involving strategic items or restricted activity is submitted to the Bank.
c)The above representations and warranties shall be deemed to be repeated each time an application is submitted by me/us to the Bank for my/our trade transactions, exports, transshipment or transit of goods (including technology) and will be true and correct and fully observed at all times by reference to the then existing circumstances.
d)This application for Invoice Financing arises from:-
i)genuine trade transactions with actual physical flow and transfer of ownership tothe goods/merchandises or in respect of the guilty services relating to the production of the goods/merchandise or any duty payable in respect thereof; or
ii)any provision of services relating to the above genuine trade transaction.
e)In case of import/purchase transactions, if I/we have not made payments to my/our supplier under the above invoice(s), the funds derived from this Invoice Financing will be used to pay off the supplier and any shortfalls will be debited from my/our account as stated in item no (6) above;
f)Any early settlement of my/our financing prior to maturity will be subjected to consent from OCBC (Malaysia) Berhad and break funding cost to be determined by you;
g)This Application is subjected to the letter of offer and OCBC Product Terms, including all supplements and amendments from time to time. The letter of offer shall prevail if there is any conflict between any applicable terms; and
h)I/We shall indemnify you for any damages, losses, costs and/or expenses (including legal costs on a solicitor and own client basis and any tax payable) which you may incur or suffer arising from or in connection with this Application.
Authorised Signature(s) :
Date : JANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDEC20122013201420152016201720182019
OCBC / GTF / IF FORM / REVISED_ 19 JULY 2012 (ENG) PAGE1 of 2