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Trade Foreign Currency Account (TFCA)
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Investment Foreign Currency Account (IFCA) |
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Permissible Sources
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- Proceeds of Export of Goods (PEG);
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Settlement of domestic trade in goods or services from another resident within the Global Supply Chain (GSC) as permitted under Foreign Exchange Policy (FEP) Notice 4;
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Any amount for same party transfers from TFCA or IFCA;
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Other foreign currency (FCY) funds arising from transaction permitted under the FEP Notices.
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- Any FCY funds, other than:
- PEG; and
- Settlement of domestic trade in goods or services from another resident within the GSC as permitted under FEP Notice 4.
- Up to RM1 million equivalent in aggregate per calendar year2 using funds sourced from:
- Conversion of RM;
- TFCA; and
- Swapping of a RM-denominated financial asset in Malaysia for a financial asset outside Malaysia.
- Any amount for same-party transfers from IFCA.
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| Permissible Uses |
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Settlement of domestic trade in goods or services from another resident within the GSC as permitted under FEP Notice 4;
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Investment in FCY asset (including transfers to own IFCA) up to the permitted aggregated investment limit of RM1 million equivalent per calendar year1 in FEP Notice 3;
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Any amount for same party transfers into TFCA;
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All other permissible purposes in the FEP Notices.
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1 Computed based on an aggregate borrowing in FCY by the RI and a SP and a GP owned by the RI
2 Computed in aggregate based on aggregate borrowing of the RI, SP and GP’s investment in FCY Asset.
