Wholesale Term Financing-i

Fees Amount / Rate
Brokerage Fee • RM15.00 per RM1.0mil
• RM3 per RM1.0 million if less than 7 days tenor
Stamp Duty As per the Stamp Duty Act 1949 (Revised 1989)
Late payment charges

Compensation Charges (Ta’widh)

• If the overdue occurs before maturity of the financing = 1% p.a. on the overdue amount or, any other method approved by BNM.

Formula:
(Overdue installments X 1% X No of Overdue Days) / 365 days

If the overdue occurs after maturity of the financing = At the IIMM Rate or, any other method approved by BNM.

Formula:
(Outstanding principal X IIMM Rate X No of Overdue Days) / 365 days