PUBLIC BANK
KA SRT
Our Ref: PBB/SDC/MISC/14/01
19 November 2014
‘The Loan Documentation Solicitor
Dear Solicitor
Guidelines for Inter-Bank E-Payment in respect of Redemption / Disbursement of
Financing Facilities
Reference is made to the above Guidelines duly endorsed by The Association of Banks in
Malaysia (ABM) and the Bar Council which has been circulated by the Bar Council to its
members vide Circular No, 154/2014 dated 17 July 2014,
Notwithstanding the above Guidelines/Circular, it has been noted there are Solicitors not
adhering to the said Guidelines/Circular and have omitted to furnish the Bank with
particulars of the Solicitor Client's Account in order for an electronic funds transfer to be
made when advising the release of the loan / financing.
In our continuous effort to migrate to electronic payments and to reduce the issuance of
Banker's Cheques for loan/financing disbursement, we would seek cooperation from all
the loan documentation Solicitors to furnish the following document when advising the
release of the loan / financing facility to the Bank:
* A written confirmation from Solicitor (as Stakeholder) or the Vendor for the
particulars of their Client's / Vendor’s Account (whichever is applicable)
(Note: To specify the Bank in the event the above account is maintained with other
Financial Institution)
Solicitor may contact Bar Council at 03-2050 2106 or email to Ms Ying Ying at
yingying@malaysianbar.orgmy or to the Bar Council’s general email at
council@malaysianbar.org:my with regard to the above Guidelines/Circular to Members
of the Bar vide Circular No.154/2014 dated 17 July 2014.
Yours truly
for PUBLIC BANK BERHAD
Chan See Choi
Director
Credit Control & Supervision
Credit Administration & Supervision Division
CXI/CSO/FKS/SSF/SNI4
PUBLIC BANK BERHAD ss
Head Ottice » Menara Pubic Bank, 140 Jalan Ampang, 50450 Kusla Lumpur Peli Surat 12642, 50947 Kusla Lumpur
Telephone 03 - 21766000, 21766666, 21698888, 21638009 Facsimile : 09 - 21639917
Swift PBBEMYKL Cable = *PBBKLCITY® Kuala Lumpur Website = www.publiebank.com.my