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9.0 Trade Finance

9.1 Inward Bill Collection
a. Bills denominated in RM

Commission: 0.1% on amount of bill,
                          min – RM20.00 and max – RM500.00

Postage: RM 5.00(local)
                  RM10.00(foreign)

Courier (where applicable):
Actual cost + RM 5.00 (local)
Actual cost + RM10.00 (foreign)

Stamp Duty: RM10.00 on insurance policy

Telex/Swift (where applicable): RM30.00
b. Bills denominated in
Foreign Currency
 Commission: 0.1% on amount of bill,
                          min – RM20.00 and max – RM100.00

Postage: RM 5.00(local)
                  RM10.00(foreign)

Courier (where applicable):
Actual cost + RM 5.00 (local)
Actual cost + RM10.00 (foreign)

Stamp Duty: RM10.00 on insurance policy

Telex/Swift (where applicable): RM30.00

Charges in lieu of foreign exchange:
For handling documents in cases where exchange does not accrue to the bank at the rate of 0.1% of the invoice value subject to min – RM10.00 & max – RM50.00
c. Sending of Dishonor
Advice to Remitting Bank
 Service charge: RM10.00 per advice

Telex/Swift (where applicable): RM30.00

Holding fee: RM10.00 per month if bill remains unpaid after a two month grace period

 

9.2 Outward Bill Collection
a. Bills denominated in RM & Foreign Currency

Commission: 0.1% on amount of bill,
                         min – RM20.00 and max – RM100.00

Postage: RM 5.00 (local)
                 RM10.00 (foreign)

Stamp duty : RM10.00 on insurance policy

Courier (where applicable):
Actual cost + RM 5.00 (local)
Actual cost + RM10.00 (foreign)

Telex/Swift (where applicable): RM30.00

Charges in lieu of foreign exchange:
For handling documents in cases where exchange does not accrue to the bank at the rate of 0.1% of the invoice value subject to min – RM10.00 & max – RM50.00

Holding fee as per customer’s instruction:
RM10.00 per month after a two month grace period
b. Sending of Tracers to Collecting Bank Service Charge: RM10.00 per tracer

Telex/Swift (where applicable): RM30.00

 

9.3 Foreign Cheques
a. Foreign Cheques / Drafts Sent For Payment Under Collection Basis

Commission: 0.1% on amount of draft,
                         min – RM10.00 and max – RM100.00

(No commission is to be charged on Singapore cheques)

Postage: RM 5.00 per collection (local)
                  RM10.00 per collection (foreign)

Courier (where applicable):
Actual cost + RM 5.00 (local)
Actual cost + RM10.00 (foreign)

Stamp duty : RM0.15 per cheque

Swift charges (where applicable):
RM5.00 for cheques drawn on Singapore banks
RM30.00 for cheques drawn on other countries
b. Foreign Cheques / Drafts Sent For Payment Under Cash Letter Service Commission : 0.1% on amount of draft
Min - RM10.00 and max - RM100.00

(No commission on Singapore cheques)

Postage: RM2.00 per cheque/draft

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00 (foreign)

Stamp duty : RM0.15 per cheque

 

9.4 Bill of Exchange Purchased
a. Bills denominated in RM

Interest: As per A/A prescribed rate

Overdue interest: 3.5% + BLR or as per A/A
                                  prescribed penalty rate

Postage: RM 5.00(local)
                  RM10.00(foreign)

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00 (foreign)

Stamp duty (where applicable): RM10.00 on
insurance

Telex/Swift (where applicable): RM30.00

Document checking fee (on bills drawn under LC): RM50.00

Commission (on bills not backed by LC):
0.1% on amount of bill
min – RM20.00 and max – RM500.00
b. Bills denominated in Foreign Currency Interest: As quoted by Treasury

Overdue interest: 3.5% + BLR or as per A/A
prescribed penalty rate

Postage: RM 5.00(local)
                  RM10.00(foreign)

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00(foreign)

Stamp duty (where applicable): RM10.00 on
insurance

Telex/Swift (where applicable): RM30.00

Document checking fee (on bills drawn under LC): RM50.00

Commission (on bills not backed by LC):
Commission & other charges as per OBC

 

9.5 Bill of Exchange Discounted
a. Bills denominated in RM

Interest: As per A/A prescribed rate

Overdue interest: 3.5% + BLR or as per A/A
prescribed penalty rate

Postage: RM 5.00 (local)
                  RM10.00 (foreign)

Courier (where applicable):
Actual cost + RM 5.00 (local)
Actual cost + RM10.00(foreign)

Stamp duty (where applicable): RM10.00 on
insurance

Telex/Swift (where applicable): RM30.00

Document checking fee (on bills drawn under LC): RM50.00

Commission (on bills not backed by LC):
0.1% on amount of bill, min – RM20.00 and max – RM500.00
b. Bills denominated in
Foreign Currency		 Interest: As quoted by Treasury

Overdue interest: 3.5% + BLR or as per A/A
prescribed penalty rate

Postage: RM 5.00 (local)
                  RM10.00 (foreign)

Courier (where applicable):
Actual cost + RM 5.00 (local)
Actual cost + RM10.00(foreign)

Stamp duty (where applicable): RM10.00 on
insurance

Telex/Swift (where applicable): RM30.00

Document checking fee (on bills drawn under LC): RM50.00

Commission (on bills not backed by LC):
Commission & other charges as per OBC
c. Usance bill under agent bank’s letter of credit requiring EON Bank’s acceptance Commission: 0.2% per month, min – RM50.00

Postage: RM10.00

Courier (where applicable):
Actual cost + RM 5.00 (local)
Actual cost + RM10.00 (foreign)

Telex/Swift (where applicable): RM30.00

 

9.6 Outward Letter of Credit
a. LC Issuance – including transferring LC and back-to-back LC

Commission :
LC
0.1% per month or part thereof on LC amount (min – RM50.00)

Revolving LC
0.1% per month or part thereof on LC amount (min – RM50.00). If the total drawings exceed the face amount of the LC, by reason of revolving nature, the total charge payable shall be calculated upon the total amount of drawings from the date of opening of the LC to the date of maturity of the LC

Postage: RM 5.00 (local)
                 RM10.00 (foreign)

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00 (foreign)

Stamp duty: RM10.00 (per application)

Telex/Swift (where applicable):
When sending reimbursement authority or MT740 : RM30.00
When sending full text LC or MT700/MT720 : RM100.00

Discrepancy fee(for a/c of beneficiary):
RM50.00 (local)
USD50 (foreign)
* This fee is only to be incorporated in the text of the LC
b. LC Amendment Commission:
Increase in LC amount
0.1% p.m (or part thereof) on the increment amount from amendment date to expiry date (min RM50.00)

Extension of expiry date
0.1% p.m (or part thereof) LC amount from original expiry date to new expiry date (min RM50.00)

Other amendment (terms and condition of LC)
RM50.00 per amendment

Postage: RM 5.00 (local)
                 RM10.00 (foreign)

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00 (foreign)

Telex/Swift (where applicable):
When sending amendment on reimbursement authority or MT747 : RM30.00
When sending full text of LC amendment or MT707 : RM30.00
c. LC Cancellation (without any presentation of documents including cancellation of expired LC) Service charge: RM50.00 per credit

 

 

9.7 Inward Letter of Credit
a. ILC Confirmation (EON Bank act as confirming bank)

Commission: Subject to arrangement (As quoted by Treasury Dept.)

Postage: RM 5.00(local)
                  RM10.00(foreign)

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00 (foreign)

Telex/Swift (where applicable):
When sending acknowledgement of receipt of LC : RM30.00
When sending full text of LC to another advising bank : RM100.00
b. ILC Advising (including pre -advice and amendment)
 Service charge: RM40.00 per advising

Postage: RM 5.00 (local)
                  RM10.00 (foreign)

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00 (foreign)

Telex/Swift (where applicable):
When sending acknowledgement of receipt of LC : RM30.00
When sending full text of LC to another advising bank : RM100.00
c. Transfer of LC upon first beneficiary’s request As per 9.6 (a). However, minimum amount for commission is RM100.00

 

 

9.8 Bills Receivable Under Letter of Credit
a. Sight bills (BRLC) denominated in RM

Service charge: RM30.00 per set of document

Stamp duty: RM10.00 on insurance (if applicable)

Postage: RM 5.00 (local)
                  RM10.00 (foreign)

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00(foreign)

Telex/Swift (where applicable): RM30.00
b. Sight bills (BRLC) denominated in Foreign Currency Transit Interest: As quoted by Treasury Dept

Postage: RM 5.00 (local)
                  RM10.00 (foreign)

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00 (foreign)

Stamp duty: RM10.00 on insurance (if applicable)

Telex/Swift (where applicable): RM30.00

Discrepancy fee (where applicable):
To deduct from proceeds as stipulated in LC.

 
c. Usance bills (UBR) denominated in RM or Foreign Currency Commission: 0.1% per month (or part there of) on bill amount from date of acceptance to maturity date(min – RM30.00)

Overdue interest: 3.5% + BLR (on RM equivalent) or as per A/A prescribed penalty rate

Postage: RM 5.00 (local)
                  RM10.00 (foreign)

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00 (foreign)

Stamp duty: RM10.00 on insurance (if applicable)

Telex/Swift (where applicable): RM30.00

Discrepancy fee (where applicable):
To deduct from proceeds as stipulated in LC
d. Inward bill under LC – Expired Additional commission: 0.1% per month (or part thereof) on the bill amount drawn from the expiry date of LC to the date of presentation/negotiation by the transmitting bank. Min – RM20.00
e. Inward bill under LC – Overdrawn Additional commission: 0.1% per month (or part thereof) on the overdrawn amount from the date of issue of LC to the date of presentation/negotiation by the transmitting bank

 

9.9 Trust Receipt
a. TR Booking

Interest: As prescribed in A/A

Stamp duty: RM10.00 on TR form
b. Direct presentation of documents for financing under TR (under special arrangement approved by relevant Credit Committee) Commission: 0.1% on invoice value
                          Min – RM20.00
                          Max – RM100.00 (foreign)
                                     RM500.00 (local)

Postage: RM 5.00(local)
                  RM10.00(foreign)

Stamp duty (where applicable): RM10.00 on
insurance

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00 (foreign)

Telex/Swift (where applicable): RM30.00

Charges in lieu of foreign exchange:
For handling documents in cases where exchange does not accrue to the bank at the rate of 0.1% of the invoice value subject to min – RM10.00 & max – RM50.00
c. Overdue TR Overdue interest: 1.0% above prescribed A/A rate or as per A/A prescribed penalty rate

 

9.10 Bankers Acceptance
a. BA Booking

Discount Rate: As quoted by Treasury Dept.

Acceptance Commission: As prescribed in A/A
b. Direct presentation of import documents
 Commission: 0.1% on invoice value
                          Min – RM20.00, max – RM100.00

Postage: RM 5.00 (local)
                  RM10.00 (foreign)

Stamp duty (on insurance): RM10.00

Courier (where applicable):
Actual + RM5.00 (local)
Actual + RM10.00 (foreign)

Telex/Swift (where applicable): RM30.00

Charges in lieu of foreign exchange:
For handling documents in cases where exchange does not accrue to the bank at the rate of 0.1% of the invoice value subject to min – RM10.00 & max – RM50.00
c. Overdue BA Overdue interest: 3.5% + BLR or as per A/A prescribed penalty rate

 

9.11 Shipping Guarantee
a. SG Issuance/Endorsement on original BL/Airway Bill/Railway Receipt

Commission: 0.1% on invoice amount or as per A/A prescribed rate (min – RM50.00)

Stamp duty:
Letter of Indemnity – RM10.00
Shipping Guarantee - RM10.00
Blanket Indemnity (request for endorsement on original BL/Airway Bill/Railway Receipt) – RM10.00
b. Late return of SG
-If not returned within 3 months from date of issue		 Commission: 0.5% p.a. on the invoice amount up to the date of return

 

9.12 Bank Guarantee
a. BG Issuance (including renewal & extension)

Commission: As per letter of offer or 0.05% per month (min-RM50.00)

Stamp duty: Letter of Indemnity – RM10.00
                       Letter of Guarantee – RM10.00
b. Amendment on BG terms Service charge : RM50.00 per amendment

Commission: As per letter of offer or 0.05% per month (min-RM50.00) if it involves amendment to amount &/or tenor.
c. For passing on the Issuing Bank’s BG upon authentication without any engagement on EON Bank's part Service charge: RM50.00 per guarantee

Postage: RM 5.00 (local)
                 RM10.00 (foreign)

Courier (where applicable):
Actual cost + RM 5.00(local)
Actual cost + RM10.00(foreign)

Telex/Swift: RM30.00

 

9.13 Export Credit Refinancing
a. Pre Shipment ECR

Interest: EXIM Bank's funding rate + spread as prescribed in A/A

Commission:
ECRDLC : As per normal LC issuance

ECRDPO : 0.05% flat on DPO amount
                     min - RM10.00 and max - RM500.00
b. Post Shipment ECR Interest: EXIM Bank's funding rate + spread as prescribed in A/A
c. ECR Transaction and Report fees Transaction fee: RM3.00 per transaction
d. Overdue ECR Overdue Interest: RM3.5% + BLR or per A/A prescribed penalty rate
e. Amendment to DLC

RM20.00 (excluding amendment on amount and extension of LC)

Increase in amount
0.1% per month (or part thereof) on the increased amount from amendment date to expiry date.

Extension of expiry date
0.1% per month (or part thereof) on the LC amount from the last expiry date to the new expiry date.

 

9.14 Reimbursement Claim
a. EON bank act as reimbursing bank

Service Charge: RM50.00 per reimbursement

Postage: RM 5.00 (local)
                  RM10.00 (foreign)

Courier (where applicable):
Actual + RM 5.00 (local)
Actual + RM10.00 (foreign)

Telex/Swift (where applicable): RM30.00
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