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. |
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