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RINGGIT TRUST RECEIPT/FOREIGN CURRENCY TRADE LOAN APPLICATION TERMS AND CONDITIONS (Document Reference No.: AMBIT/E/TR /082015)In consideration of our request to you, Embank (M) Broad (the Bank) to
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Ringgit Trust Receipt Foreign Currency is a financial document that allows a company to receive a loan in foreign currency with the ringgit as collateral.
Companies or individuals who are seeking a loan in foreign currency using ringgit as collateral are required to file a Ringgit Trust Receipt Foreign Currency.
To fill out a Ringgit Trust Receipt Foreign Currency, the borrower must provide details of the loan amount, foreign currency involved, collateral in ringgit and terms of repayment.
The purpose of a Ringgit Trust Receipt Foreign Currency is to facilitate borrowing in foreign currency while using ringgit assets as security.
Information such as the loan amount, foreign currency denomination, collateral in ringgit, interest rate, and repayment terms must be reported on a Ringgit Trust Receipt Foreign Currency.
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