Definition

“Domestic Ringgit Borrowing/Financing” refers to:

1. Any Borrowing/Financing in Ringgit obtained by a Resident from another Resident; or
2. any obligation considered or deemed as Domestic Ringgit Borrowing/Financing under any of Bank Negara Malaysia’s Foreign Exchange Notices.

NOTE:

For purposes of determining the Domestic Ringgit Borrowing/Financing (DRB) status of a Resident Individual, Sole Proprietorship and General Partnership –

1. the Resident Individual is deemed to have Domestic Ringgit Borrowing/Financing when its Sole Proprietorship or General Partnership in which the Resident Individual is the proprietor or a partner, as the case may be, has a Domestic Ringgit Borrowing/Financing; or
2. the sole proprietorship is deemed to have Domestic Ringgit Borrowing/Financing when its proprietor or any of the partners in the General Partnership in which the proprietor is a partner has a Domestic Ringgit Borrowing/Financing; or
3. the General Partnership is deemed to have Domestic Ringgit Borrowing/Financing when any of its partners or if any of its partners who own a sole proprietorship has a Domestic Ringgit Borrowing/Financing.

“Borrowing/Financing” refers to:

1. any utilised or unutilised credit facility or financing facility;
2. any utilised or unutilised trade financing facility, including but not limited to, trade guarantee or guarantee for payment of goods;
3. redeemable preference share or Islamic redeemable preference share; or
4. Corporate Bond or Sukuk.

Notwithstanding the above, the following are excluded from the definition of Borrowing/Financing —

1. a trade credit term extended by a supplier for any goods or services;
2. a credit limit that a LOB apportions for its client to undertake a Forward Basis transaction, excluding a transaction that involves —
   1. exchanging or swapping of Ringgit or Foreign Currency debt for another Foreign Currency debt; or
   2. exchanging of Foreign Currency debt for a Ringgit debt;
3. a Financial Guarantee or Non-Financial Guarantee;
4. an operational leasing facility;
5. a factoring facility without recourse;
6. a credit card or charge card facility obtained by an Individual from a Resident and used for payment for retail goods or services only
7. a credit facility or financing facility obtained by a Resident Individual from a Resident to purchase one (1) residential property and one (1) vehicle.

NOTE: The term borrowing appearing in this declaration will also be read as financing (where applicable) for Islamic banking products and services perspective.

Declaration and Undertaking on Domestic Ringgit Borrowing/Financing

If you have Domestic Borrowing/Financing, please select “Yes”. By selecting “Yes”, you are declaring that you have Domestic Borrowing/Financing and the conversion from Ringgit into Foreign Currency for investment in Foreign Currency Asset will not cause any infringement to the investment limit of up to RM1 million equivalent in aggregate per calendar year (computed in aggregate based on Resident Individual, Sole Proprietorship and General Partnership’s investment in Foreign Current Asset, OR

If you do not have any Domestic Borrowing/Financing, please select “No”. By selecting “No”, you are declaring that you do not have any Domestic Borrowing/Financing and in the event if you have any Domestic Ringgit Borrowing/Financing, you undertake to inform the Bank immediately.

Are you a Domestic Ringgit Borrower?

Yes

No

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