Facility Term Sheet

Facility:	{{ $facility }}
Applicant:	{{ $applicant }}
Purpose:	Accounts Receivable Financing
Limit:	{{ $limit }}
Administration Fee:	{{ $admin_fee }}
Profit Rate:	{{ $profit_rate }}
Rollover Fee:	{{ $rollover_fee }}
Margin of Advance:	{{ $margin }}
Credit Period:	{{ $credit_period }}
Recourse Period:	Ninety (90) days upon expiry of Credit Period.

Security and Credit Support

Factoring Letter of Offer and Acceptance denoting offer by Everise Value Sdn Bhd and acceptance by {{ $applicant }}.
Factoring Agreement between {{ $applicant }} and Everise Value Sdn Bhd.
Board Resolution to change authorised signatory bank account (Escrow Account) related to Institut Kemahiran Tinggi Belia Nasional (IKTBN)’s factored accounts receivable.
Letter of Undertaking to remit contract proceeds to Everise Value Sdn Bhd.
Guarantee and Indemnity by the directors of {{ $applicant }}.

Processing Fees:	RM2,000
RM500 for each factored accounts receivable.
The fees do not include stamp duty to be charged under the Stamp Act, 1949.

Facility:

Pre and Post Factoring (Tawarruq)

Applicant:

Purpose:

Supplier Advance

Facility	Limit (RM)
Supplier Advance	{{ $limit }}

Profit Rate:

Rollover Fee:

Margin of Advance:

Up to 100% of purchase price or incurred cost.

Credit Period:

Recourse Period:

Ninety (90) days upon expiry of Credit Period.

Security and Credit Support

Pre-Factoring Letter of Offer and Acceptance denoting offer by Everise Value Sdn Bhd and acceptance by {{ $applicant }}.
Factoring Agreement between {{ $applicant }} and Everise Value Sdn Bhd.
Board Resolution to change authorised signatory bank account (Escrow Account) related to Institut Kemahiran Tinggi Belia Nasional (IKTBN)’s factored accounts receivable.
Letter of Undertaking to remit contract proceeds to Everise Value Sdn Bhd.
Guarantee and Indemnity by the directors of {{ $applicant }}.

Processing Fees:	RM2,000
The fees do not include stamp duty to be charged under the Stamp Act, 1949.