Trade Finance - Bank Charges, Fees and Commission

Transaction	Type Of Charges	Amount
1) Outward Documentary Credit Issuance of DC
i) Irrevocable DC	Issuance Commission	As spelt out in the Letter of Offer normally between 0.1% to 0.15% per month or part thereof Minimum RM50
i) Irrevocable DC	Handling Charges (for LC issuance free of commission)	RM50 flat
ii) Special Credit (Standby, Transferable, Back to Back, Revolving, Red Clause	Issuance Commission	As spelt out in the Letter of Offer normally between 0.15% to 0.2% per month or part thereof Minimum RM100
Amendments of DC
i) Amount Increase	Amendment Commission	Between 0.1% to 0.15% per month or part thereof Minimum RM50
ii) Validity Date Extended	Amendment Commission	Between 0.1% to 0.15% per month or part thereof Minimum RM50
iii) Other Amendment	Amendment Commission	RM50
Usance Bill Under DC	Usance Commission	0.1% to 0.15% per month or part thereof from DC expiry date to the expiry date of the usance bill Minimum RM50
Advising own DC direct to Beneficiary	Commission	RM50
Direct presentation of DC documents from beneficiary	Commission	0.1% flat Minimum RM50 Maximum RM100
Direct presentation of DC documents from beneficiary	Checking Fee	RM50
Cancellation of DC (prior to expiry date)	Handling Charges	RM50
DC Negotiation
i) Negotiation charges	Commission	No Charges
ii) Reimbursement charges	Commission	No Charges
iii) Checking fee	Checking Fee	No Charges
iv) Agent's Charges on DC Negotiation	Agent Charges	Actual charges claimed by agent
v) Discrepancy fee (less from proceeds)	Handling Charges	RM50 (local DC) USD50 or equivalent (foreign DC)
vi) Drawing After Expiry Date (less from proceeds)		0.1% per month or part thereof on the negotiation amount from the expiry date to the date of receipt of documents. Minimum equivalent of RM100
vii) Drawing Exceeds DC Amount (less from proceeds)		0.1% per month or part thereof on the overdrawn amount from the DC issue date to the date of receipt of documents. Minimum equivalent of RM100
Endorsement of Bill of Lading and Airway Bill
i) Advance Set (BL)	Handling Charges	RM100
ii) Airway Bill	Handling Charges	RM100
2) Shipping Guarantee	Commission	0.1% of invoice value or as spelt out in the Letter of Offer Minimum RM50 If the SG is not returned after 3 month from the date of issuance, additional 0.5% per annum will be charged and subsequently 3 months thereafter until the return of the SG
3) Inward Bills for Collection (DIBC/FIBC)
i) Domestic Bill	Collection Commission	0.1% of invoice value Minimum RM50 Maximum RM500
ii) Foreign Bill	Collection Commission	0.1% of invoice value Minimum RM50 Maximum RM100
iii) Document Release Free of Payment	Handling Charges	RM50
iv) Document Redirect to Another Bank	Commission	0.1% of invoice value Minimum RM50 Maximum RM500 (domestic) Maximum RM100 (foreign)
	Handling Charges	RM50
v) Dishonoured Bill	Handling Charges	RM50
vi) Protest Bill	Handling Charges	RM200 plus legal expenses
4) Bank Guarantee
Issuance of BG	Commission	Rate of Commission is based on the approval as stated in each Letter of Offer normally between 0.1% to 0.15% per month or part thereof Minimum RM50
Issuance of BG (Ad-hoc Cash Margin)	Commission	Rate of Commission is based on the approval as stated in each Letter of Offer normally 0.15% per month or part thereof. Minimum RM200
Renewal of BG	Commission	Rate of Commission is based on the approval as stated in each Letter of Offer.
Extension of BG	Commission	Rate of Commission is based on the approval as stated in each Letter of Offer.
Cancellation of BG (prior to expiry)	Handling Charges	RM50
Amendment of BG
i) Amount Increase	Amendment Commission	Rate of Commission is based on the approval as stated in each Letter of Offer.
ii) Validity Date Extended	Amendment Commission	Rate of Commission is based on the approval as stated in each Letter of Offer.
iii) Other Amendment	Amendment Commission	RM50

Export

Transaction	Type Of Charges	Amount
1) Inward Documentary Credit
i) Advising	Commission	RM 50
ii) Amendment	Commission	RM 50
iii) Confirmation of Inward DC	Confirmation Commission	Between 0.15% to 0.2% per month or part there of depending on the country/sovereign risk. Minimum RM100
iv) Usance DC Confirmed	Commission	Additional 0.15% to 0.2% per month or part thereof from the DC expiry date to the expiry date of the usance bill. Minimum RM100
2) Inward Transferable DC
i) Advice of Transfer	Commission	Between 0.15% to 0.2% on DC transferred amount Minimum RM100
ii) Amendment to Transferred DC	Commission	RM 100
iii) Document Handling under Transferred DC	Handling Charges	RM 100
iv) Document Checking Fee	Checking Fee	RM50
3) Bill Purchased (DBEP/FBEP (AP)/Doc)
i) Domestic Bill Purchased	Profit Rate	As spelt out in the Letter of Offer (spread + BFR)
	Commission	0.1% flat Minimum RM50 Maximum RM500
ii) Foreign Bill Purchased	Funding Rate	As determined by Treasury (interbank offered rate)
iii) Checking Fee for Document Drawn under LC	Commission	0.1% flat Minimum RM50 Maximum RM100
	Checking Fee	RM50
4) Outward Bills for Collection (DOBC / FOBC)
i) Domestic Bill	Commission	0.1% flat Minimum RM50 Maximum RM100
ii) Foreign Bill	Commission	0.1% flat Minimum RM50 Maximum RM100
5) Accepted Bills - Islamic	Funding Rate	Based on money market rate for the specified tenor – determined by Treasury
5) Accepted Bills - Islamic	Acceptance Commission	As spelt out in the Letter of Offer
6) Murabahah Working Capital Financing (MWCF)	Profit Rate	As spelt out in the Letter of Offer (spread + BFR)
7) Bai Al Dayn Working Capital Financing (BWCF)	Profit Rate	As spelt out in the Letter of Offer (spread + BFR)

Others

Transaction	Type Of Charges	Amount
1) Direct Presentation of Documents (not under DC or Collection)	Commission in lieu of Collection	0.1% on the amount financed Minimum RM50 Maximum RM500 (local bill) Maximum RM100 (foreign bill)
2) Commission in lieu of Forex (Export Proceeds Not Converted to Ringgit Malaysia)	Commission in lieu of Forex
i) Credit to Own FCA Account with the Bank	Commission	No Charge
ii) Remit to FCA account with other Banks	Commission	0.1% of invoice value Minimum RM100 Maximum RM500
3) Handling of Volumeness Documents (Bunching of Invoices and Multiple Payments exceeding 5 invoices and 5 payment per transaction)	Handling Charges	RM 50
4) Compensation for Late Payment	Compensation Charges	At Islamic Money Market Rate (IMMR) on the number of days
5) Overdue Bill Handling Charges	Handling Charges	RM 50
6) Reproducing of Statement, Debit/Credit Advices	Handling Charges	RM 5.00 per request
7) Cable / SWIFT
i) DC Issue / DC Amendment	Charges	RM 60
ii) Others	Charges	RM 30
iii) FOT Charges (less from proceeds)	Charges	USD 20.00 or RM70 equivalent
8) Letter of Indemnity on
i) Bank Guarantee	Stamp Duty	RM 10
ii) Shipping Guarantee	Stamp Duty	RM 10
iii) Documentary Credit (parcel/courier receipt)	Stamp Duty	RM 10
iv) BL / AWB Endorsement	Stamp Duty	RM 10
v) Fax Application	Stamp Duty	RM 10
9) Application Request/ Financing Document
i) Documentary Credit	Stamp Duty	RM 10
ii) Letter of Hypothecation	Stamp Duty	RM 10
iii) DC Murabahah Contract Note	Stamp Duty	RM 10
iv) Al Murabahah Contract Note	Stamp Duty	RM 10
v) Murabahah Working Capital Financing Letter	Stamp Duty	RM 10
vi) Bai Al Dayn Contract Note	Stamp Duty	RM 10
vii) Shipping Guarantee	Stamp Duty	RM 10
viii) Letter of Authorization (Bank Guarantee)	Stamp Duty	RM 10
ix) Original Bank Guarantee	Stamp Duty	RM 10
10) Sending of Documents At Customer's Request	Courier Charges	Actual Courier Charges
10) Sending of Documents At Customer's Request	Handling Charges (inclusive of postage, facsimile, email, scanning)	RM 10
11) On Line Credit to Beneficiary's Account	Handling Charges	RM 5