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Foreign Exchange Notices Declaration Form

FOREIGN EXCHANGE NOTICES DECLARATION FORM
DOMESTIC RINGGIT BORROWER DECLARATION

Domestic Ringgit Borrowing’ means Ringgit credit facility, financing facility, trade guarantee, or guarantee for payment of goods, redeemable preference share, Islamic redeemable preference share, private debt security or Islamic private debt security in whatever name or form, includes unutilised ringgit credit facility EXCLUDING:-
– One personal housing loan and one vehicle loan obtained from residents (for resident individuals only
– Credit card and charge card facilities obtained from a resident (for resident individuals only)
CONVERSION OF RINGGIT MALAYSIA FOR PLACEMENT INTO FOREIGN CURRENCY ACCOUNT (EXCLUDING PLACEMENT INTO FOREIGN CURRENCY ACCOUNT OVERSEAS FOR PURPOSE OF EDUCATION/EMPLOYMENT ABROAD) OR INVESTMENT IN FOREIGN CURRENCY ASSETS Resident Individual with NO Domestic Ringgit Borrowing: No Limit Resident Individual WITH Domestic Ringgit Borrowing: Up to RM 1 million equivalent in aggregate per calendar year using funds from
(i) conversion of Ringgit Malaysia;
(ii) swapping of financial asset;
(iii) transfer from Trade FCA (Foreign Currency Account) and
(iv) extension of foreign currency loan / advance to non-resident, payment for working capital expenses etc

CONVERSION OF RINGGIT MALAYSIA FOR PLACEMENT INTO FOREIGN CURRENCY ACCOUNT OVERESAS FOR THE PURPOSE OF EDUCATION / EMPLOYMENT ABROAD Conversion from Ringgit and subsequent transfer to overseas account (in foreign currency) for the purpose of education/employment outside of Malaysia must be evidenced by documents as requested by the Bank in compliance with the requirements set out by Bank Negara Malaysia. The terms “borrower” and “borrowing/loan” appearing in this declaration in LiveFX will also be read as “client” and “financing” (where applicable) for Islamic banking products and services.