| |
| A. |
Customer Preliminary Checklist |
| 1. |
Current Account opened |
| 2. |
Fixed Investment Account / Mudharabah Current Account created |
| |
|
| B. |
Checklist for Customer to Branch / Trade Finance Operations |
| 1. |
BG-i / LC-i application form |
| 2. |
Letter of Indemnity |
| 3. |
Letter of Set Off / Memorandum of Deposit |
| 4. |
Letter of Award / Indent / Invitation for Tender from beneficiary |
| 5. |
Sample of BG format – i.e., related to Government / GLC / Corp |
| 6. |
Sample of LC format (if any) |
| 7. |
Other documents required :- |
| |
|
| a) |
For Limited Company (to be verified by Bank Manager / Customer Relationship Manager) |
| i. |
M&A (certified true & correct by company secretary) |
| ii. |
Board of Directors’ Resolution for BG-i / LC-i issuance against 100% /
110% Fixed Investment Account / Mudharabah Current Account
certified true and correct by the company secretary. Sample Resolution as below.# |
| iii. |
Form 24, 44, 9 & 49 (which ever applicable) certified true copy by the Company Secretary. |
| b) |
For Partnership (to be verified by Bank Manager / Customer Relationship Manager) |
| i. |
Photocopy of Business Registration |
| ii. |
Partnership Mandate |
| iii. |
NRIC of Partners |
| c) |
For Sole-Proprietorship (To be verified by Bank Manager / Customer Relationship Manager) |
| i. |
Photocopy of Business Registration |
| ii. |
NRIC of Sole-Proprietor |
| d) |
For Individual (To be verified by Bank Manager / Customer Relationship Manager) |
| i. |
Photocopy of NRIC |
| |
|
| Standard Requirement Terms: |
| 1) |
Existing customer must have a Current Account / Current Mudharabah / Savings Account with Al Rajhi Bank (KYC / AMLA / CCRIS / CITOS / DCHEQS, etc., performed by Branch). |
| 2) |
Beneficiary must be Government / GLC / Quasi Government / Big Corporate / Umrah Operators for Hajj / Umrah / Visa / Utility Providers, etc. |
| 3) |
BG format as per Bank’s format and others subject to Bank’s approval. |
| 4) |
LC special format (if any) |
| 5) |
Security / Collateral – 100% FIA or 110% FIA if involved foreign currency (For FIA PSR to be determined by Head of Trade Operations.) |
| 6) |
Will be subject to the approval of the Credit Approval Memo from Business Unit / Relationship Manager / Risk Management / Head of Trade depending on the transaction amount. |
