Note
: Yes - Allowed  No
- Not Allowed At All |
EXPORTERS
|
|
Yes
|
Needs
approval
|
No
|
|
1. Export proceeds
|
|
(a) Received in full, within
a period of six months from date of shipment/export
|
X
|
|
|
|
(b) Received in full, after
six months from date of shipment/export
|
|
X
|
|
|
(c) Offset against payments
to the non-resident
|
|
X
|
|
| 2.
Receive from non-residents in Ringgit for:- |
|
(a) proceeds for export of
goods and services contracted after 1300 hours on 1 September 1998
|
|
|
X
|
|
(b) drawdown of loan
|
|
|
X
|
| 3.
Receive from nonresidents in foreign currency:- |
|
(a) proceeds for export of
goods and services
|
X
|
|
|
|
(b) drawdown of loans which
has been approved by BNM (either under general or specific approval)
|
X
|
|
|
| 4.
Pay to nonresidents in Ringgit for:- |
|
(a) services
|
|
|
X
|
|
(b) repayment of loan
|
|
|
X
|
| 5.
Pay to nonresidents in foreign currency for:- |
|
(a) services
|
X
|
|
|
|
(b) repayment of loan which
has been approved by BNM (either under general or specific approval)
|
X
|
|
|
| 6.
Foreign currency accounts
To retain export proceeds
in foreign currency:
|
(a) With commercial banks
in Malaysia, up to the following limits
- USD10 million for exporter with average
monthly export receipts exceeding RM20 million;
- USD 5 million for exporter with average
monthly export receipts above RM10 million and up to RM20 million;
- USD3 million for exporter with average
monthly export receipts between RM5 million and RM10 million;
- USD 1 million for new exporter or those
with average monthly export receipts of less than RM 5 million/li>
|
X
|
|
|
|
(b) With commercial banks
in Malaysia, in excess of the above limits
|
|
X
|
|
|
(c) With banks overseas, including
Labuan offshore banks
|
|
X
|
|
|
7. Borrowing in foreign
currency
|
|
(a) Obtain short-term (less
than 12 months) trade financing facilities in foreign currency from
commercial banks in Malaysia
|
X
|
|
|
|
(b) Other than (a) above,
borrow in foreign currency up to the aggregate of RM5 million equivalent
from banks in Malaysia, Labuan offshore banks or any non-resident
|
X
|
|
|
|
(c) Borrow in foreign currency
exceeding the aggregate of RM5 million equivalent.
|
|
X
|
|
|
8. Payment to another
resident in foreign currency for:-
|
|
(a) Drawdown and repayment
of loans from banks in Malaysia (with BNM approval - general/specific)
|
X
|
|
|
|
(b) All other purposes [other
than 8 (a)]
|
|
X
|
|
| Note
: Yes - Allowed No
- Not Allowed At All |
IMPORTERS
|
|
Yes
|
Needs approval
|
No
|
| 1. Pay to nonresidents
in Ringgit for:- |
|
(a) import of goods and services
contracted after 1300 hours on 1 September 1998
|
|
|
X
|
|
(b) repayment of loan
|
|
|
X
|
| 2. Pay to nonresidents
in foreign currency for:- |
|
(a) import of goods and services
|
X
|
|
|
|
(b) repayment of loan which
has been approved by BNM (either under general or specific approval)
|
X
|
|
|
| 3. Receive from nonresidents
in Ringgit for drawdown of loans |
|
|
X
|
| 4. Receive from nonresidents
in foreign currency for drawdown of loans which have been approved by BNM
(either under general or specific approval) |
X
|
|
|
|
5. Borrowing in foreign
currency
|
|
(a) Obtain short-term (less
than 12 months) trade financing facilities in foreign currency from commercial
banks in Malaysia
|
X
|
|
|
|
(b) Other than (a) above, borrow
in foreign currency up to the aggregate of RM5 million equivalent from
banks in Malaysia, Labuan offshore banks or any non-resident
|
X
|
|
|
|
(c) Borrow in foreign currency
exceeding the aggregate of RM5 million equivalent.
|
|
X
|
|
|
6. Payment to another
resident in foreign currency
|
|
(a) For drawdown and repayment
of loans from banks in Malaysia (with BNM approval - general/specific)
|
X
|
|
|
|
(b) For all other purposes [
other than 6 (a) ]
|
|
X
|
|
|
7. Foreign currency
accounts
|
| (a) Convert Ringgit into foreign
currency for placement pending payment to nonresidents for imports
|
|
X
|
|
