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Standard Bank Charges
8.0 Trade Finance
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 takaful/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 takaful/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. |
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 on takaful/insurance :
RM10.00
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 |
Commission :
0.1% on amount of cheque, min – RM10.00 and max – RM100.00
(No commission is to be charged on Singapore cheques) Stamp
duty :
RM0.15 per cheque
Postage (where applicable) :
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)
Swift charges (where applicable) :
RM5.00 for cheques drawn on Singapore banks
RM30.00 for cheques drawn on other countries. |
a. |
Foreign Cheques Sent For Payment Under Collection Basis |
Commission :
0.1% on amount of cheque, min – RM10.00 and max – RM100.00
(No commission is to be charged on Singapore cheques) Stamp
duty :
RM0.15 per cheque
Postage (where applicable) :
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)
Swift charges (where applicable) :
RM5.00 for cheques drawn on Singapore banks
RM30.00 for cheques drawn on other countries. |
| b. |
Foreign Cheques Sent For Payment Under Cash Letter Service |
Commission :
0.1% on amount of cheque, min – RM10.00 and max – RM100.00
(No commission on Singapore cheques)
Stamp duty : RM0.15 per cheque
Postage (where applicable) :
RM 2.00 per cheque
Courier (where applicable) :
Actual cost + RM 5.00(local)
Actual cost + RM10.00(foreign) |
a. |
Bills denominated in RM |
Profit :
As per A/A prescribed rate Compensation charges:
Overdue amt x Prevailing IIMM rate x No of days Overdue/365
(IIMM = Islamic Interbank Money Market)
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 takaful/insurance
Telex/Swift (where applicable) :
RM30.00
Document checking fee (on bills drawn under LC-i):
RM50.00
Commission (on bills not backed by LC-i):
0.1% on amount of bill, min – RM20.00 and max – RM500.00 |
| b. |
Bills denominated in foreign currency |
Profit :
As quoted by Group Treasury Operations Compensation
charges:
Overdue amt x Prevailing IIMM rate x No of days Overdue/365
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 takaful/insurance
Telex/Swift (where applicable) : RM30.00
Document checking fee (on bills drawn under LC-i):
RM50.00
Commission (on bills not backed by LC-i) :
Commission & other charges as per OBC |
a. |
Bills denominated in RM |
Profit :
As per A/A prescribed rate Compensation charges:
Overdue amt x Prevailing IIMM rate x No of days Overdue/365
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
takaful/insurance
Telex/Swift (where applicable) :
RM30.00
Document checking fee(on bills drawn under LC-i) :
RM50.00
Commission (on bills not backed by LC-i):
0.1% on amount of bill, min – RM20.00 and max – RM500.00 |
| b. |
Bills denominated in foreign currency |
Profit :
As quoted by Group Treasury Operations Compensation charges:
Overdue amt x Prevailing IIMM rate x No of days Overdue/365
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
takaful/insurance
Telex/Swift (where applicable) :
RM30.00
Document checking fee (on bills drawn under LC-i) :
RM50.00
Commission (on bills not backed by LC-i) :
Commission & other charges as per OBC |
c. |
Usance bill under agent bank’s letter of credit requiring
EIB’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 |
a. |
LC-i Issuance – including transferring LC-i and
back-to-back LC-i |
Commission :
LC-i
0.1% per month or part thereof on LC-i amount, min – RM50.00
Revolving LC-i
0.1% per month or part thereof on LC-i amount, min – RM50.00.
If the total drawings exceed the face amount of the LC-i, 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-i to the date of maturity of the LC-i.
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-i 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-i |
| b. |
LC-i Amendment |
Commission :
- Increase in LC-i 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-i amount from original expiry date
to new expiry date, min RM50.00
- Other amendment (terms and condition of LC-i)
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-I amendment or MT707 :
RM30.00
|
c. |
LC-i Cancellation (without any presentation of documents including
cancellation of expired LC-i) |
Service charge :
RM50.00 per credit |
a. |
ILC-i Confirmation (EIB acts as confirming bank) |
Commission :
Subject to arrangement (As quoted by Group Treasury Operations) 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-i :
RM30.00
- When sending full text of LC-i to another advising bank
:
RM100.00
|
| b. |
ILC-i 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-i :
RM30.00
- When sending full text of LC-i to another advising
bank : RM100.00
|
c. |
Transfer of LC-i upon first beneficiary’s request |
As per 9.6 (a). However, minimum amount for commission is RM100.00 |
a. |
Sight bills (BRLC-i) denominated in RM |
Service charge :
RM30.00 per set of document Stamp duty :
RM10.00 on takaful/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-i) denominated in Foreign Currency |
Transit profit :
As quoted by Group Treasury Operations 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 takaful/insurance
Telex/Swift (where applicable) :
RM30.00
Discrepancy fee (where applicable) :
To deduct from proceeds as stipulated in LC-i |
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 Compensation
charges:
Overdue amt x Prevailing IIMM rate x No of days Overdue/365
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 takaful/insurance
Telex/Swift (where applicable) :
RM30.00
Discrepancy fee (where applicable) :
To deduct from proceeds as stipulated in LC-i. |
d. |
Inward bill under LC-i – Expired |
Additional commission :
0.1% per month (or part thereof) on the bill amount drawn from the
expiry date of LC-i to the date of presentation/negotiation by the
transmitting bank, min – RM20.00 |
e. |
Inward bill under LC-i – Overdrawn |
Additional commission :
0.1% per month (or part thereof) on the overdrawn amount
from the date of issue of LC-i to the date of presentation/negotiation
by the transmitting bank. |
a. |
TR-i Booking |
Profit : As prescribed in A/A
Stamp duty : RM10.00 on TR-i form |
b. |
Direct presentation of documents for financing under TR-i (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 takaful/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-i |
Compensation charges:
Overdue amt x Prevailing IIMM rate x No of days Overdue/365 |
a. |
AB-i Booking |
Discount Rate :
As quoted by Group Treasury Operations
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 takaful / 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 AB-i |
Compensation charges:
Overdue amt x Prevailing IIMM rate x No of days Overdue/365 |
a. |
SG-i 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-i
- 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 |
a. |
BG-i issuance (including renewal & extension) |
Commission :
As per letter of offer (min-RM50.00)
Stamp duty :
Letter of Indemnity – RM10.00
Letter of Guarantee – RM10.00 |
b. |
Amendment on BG-i terms |
Service charge :
RM50.00 per amendment
Commission :
As per letter of offer (min-RM50.00) if it involves amendment to
amount &/or tenor. |
c. |
For passing on the Issuing Bank’s BG-i upon authentication
without any engagement on our 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 |
a. |
Pre Shipment ECR-i |
Profit :
EXIM Bank’s funding rate + spread as prescribed in
A/A
Commission :
ECRDLC-i : As per normal LC-i issuance
ECRDPO : 0.05% flat on DPO amount, min –
RM10.00 and max – RM500.00 |
b. |
Post Shipment ECR-i |
Profit :
EXIM Bank’s funding rate + spread as prescribed in A/A |
c. |
ECR-i Transaction and Report fees |
Transaction fee :
RM3.00 per transaction |
d. |
Overdue ECR-i |
Compensation charges:
Overdue amt x Prevailing IIMM rate x No of days Overdue/365 |
e. |
Amendment to DLC-i |
RM20.00 (excluding amendment on amount and extension of LC-i)
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-i amount from the last
expiry date to the new expiry date. |
a. |
EIB acts 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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