1.  What is the Base Rate (BR)?

The Base Rate we offer on this product is made up of two parts, our benchmark Cost of Funds (COF) and the Statutory Reserve Requirement (SRR) cost imposed by Bank Negara Malaysia. Our benchmark ICOF reflects the cost of raising new funds and 3-month Kuala Lumpur Interbank Offering Rate.

2.  What are possible scenarios to trigger a change in the Base Rate (BR)?

Our BR can rise or fall due to changes in the benchmark COF and changes in the SRR. Changes in the benchmark COF could occur due to changes in the Overnight Policy Rate (OPR) as decided by the Monetary Policy Committee of Bank Negara Malaysia, as well as other factors such as changes in Statutory Reserve Requirement rate and/ or changes to the bank funding conditions.

3.  Historical benchmark COF in the last 3 years