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Trade Finance Operational Charges

Trade Finance Operational Charges

Conventional


IMPORT

Letter of Credit

Product/ServicesCommission/Rate Per Bill

LC Issuance 
a) Sight Irrevocable/Revocable (Note 1) 
b) Usance Irrevocable/Revocable (Note 1,2)

0.1% per month
Min. RM75

LC Amendment
a) Increase in amount (Note 1,3)
b) Extension of validity (Note 4)

0.1% per month
Min.RM50

Other LC Amendment
(Not involving increase in amount or extension of LC validity)

RM50 flat per amendment

Back to Back LC Issuance (Note 1)

0.1% per month
Min.RM150

Back to Back LC Amendment
a) Increase in amount (Note 1,3)
b) Extension of validity (Note 4)

0.1% per month
Min.RM50

Other Back to Back LC Amendment
Not involving increase in amount or extension of LC validity

RM50 flat per amendment

Standby LC Issuance (Note 1)

Commission
0.1% per month
Min.RM100

Fees
SME: RM75 flat
NON SME: RM100 flat

Standby LC Amendment
a) Increase in amount (Note 1,3)
b) Extension of validity (Note 4)

0.1% per month
Min.RM50

Other Standby LC Amendment
Not involving increase in amount or extension of LC validity

RM50 flat per amendment

Revolving LC Issuance (Note 1,2)

Commission
0.1% per month
Min.RM100

Fees
SME: RM75 flat
Non SME: RM100 flat

Revolving LC Amendment
a) Increase in amount (Note 1,3)
b) Extension of validity (Note 4)

0.1% per month
Min.RM50

Other Revolving LC Amendment
Not involving increase in amount or extension of LC validity

RM50 flat per amendment

Bills Receivable under LC
Negotiation of import documents received under LC

Foreign Centre Rate quoted by Global Markets

If Import documents are presented with discrepancy/ies (Note 5)

USD50 or its equivalent in other foreign currency


Notes:

  • On LC amount per month or part of month of LC validity.
  • On LC amount per month or part of month of LC validity plus of the usance period.
  • On LC amount per month or part of month on the incremental amount extended period.
  • On LC amount per month or part of month on the incremental amount.
  • For beneficiary's account.


Shipping Guarantee

Product/ServicesCommission/Rate Per Bill

Shipping Guarantee(SG)/Endorsement of Transport document

0.1% on invoice amount
Min.RM50

Unredeemed SG
(Not released within 3 months from date of issue)

0.5% on invoice amount per month until date of return of SG.
Min.RM50


Collection

Product/Services

Commission/Rate Per Bill

Inward Bills for Collection(IBC)

0.1% flat
Min.RM50
Max.RM100 (Foreign)
Max.RM500 (Domestic)

IBC on Usance basis (Foreign and Domestic)

RM50 flat for each set of Usance bill

Unpaid items 
(Delivery of bills free of payment)

0.1% flat
Min.RM50
Max.RM100 (Foreign)
Max.RM500 (Domestic)

Unpaid dishonored bills
(for each presentation after the arrival of goods or after due date)

RM50 flat

Outward Bills for Collection (OBC)

0.1% flat
Min.RM50
Max.RM100 
(Foreign/Domestic)


EXPORT

Letters of Credit

Product/Services

Commission/Rate Per Bill

Inward Letter of Credit
Advising/Amendments

RM50 per advice

Confirming Inward LC (Note 1,2)

As per Risk Table which is subject to country and Financial Institutional risk

Transfer of LC Commission
Full/Partial (Note 1,2)

Commission
0.1% on transfer amount per month/part of month of LC validity. Min. RM50

Fees
SME/Customer: RM100 flat
Others: RM150 flat

Stamp duty on Letter of Indemnity
RM10

 

Transfer of LC Amendment
a) Increase in amount 
b) Extension of LC validity

0.1% per month/part of month on the incremental transfer amount or on extended period of LC.
Min.RM50

Other Transfer of LC Amendment 
Not involving Increase in amount or extension of LC validity

RM50 flat per amendment

Negotiation of documents drawn under Inward LC

0.1% flat
Min.RM50
Max. RM100 for foreign bills
Max. RM500 for domestic bills

Checking fees

RM50

Assignment of proceeds

0.1% flat
Min.RM50

Negotiation of LC against LC Issuing Bank's Limit

As per Risk Table which is subject to country and Financial Institutional risk


Notes:

Letter of Credit (LC) is also known as Documentary Credit (DC)


Loans

Product/ServicesCommission/Rate Per Bill

On-Shore Foreign Currency Loan (OFCL)

Cost of fund plus margin
(As specified in Letter of Offer)

Bankers Acceptances (BA)

Acceptance Commission: As specified in Letter of Offer

Discount rate: As quoted by the Bank

Export Credit Refinancing (ECR)
Commission

EXIM Bank funding rate plus margin up to 1.0% p.a. (As specified in Letter of Offer)
Min.RM100

ECR Processing Fees

RM5

ECR DPO/LPO charges (Note 6)

0.05% flat on the value
Min. RM20
Max.RM500

ECR DLC charges (Note 7)

0.05% flat on the value
Min. RM20
Max.RM500

Foreign/Domestic Bills of Exchange Purchased sent under Documentary Collection (FBEP/DBEP)

Foreign: Foreign Center rate (FCR)
Domestic: BLR Plus margin up to 3.0%
(As specified in Letter of Offer)

Foreign/Domestic Bills of Exchange Purchased / Authority to Purchase sent under Documentary Credit 
(FBEP/AP & DBEP/AP)

Foreign: Foreign Center rate (FCR)
Domestic: BLR Plus margin up to 3.0%
(As specified in Letter of Offer)

FBEP/AP & DBEP/AP
Risk Premium

As per Risk Table which is subject to country and Financial Institutional risk

Open Account Loan (OAL)

Base Lending Rate (BLR) plus margin 
(As specified in Letter of Offer)


Notes:

  1. DPO or LPO: Domestic Purchase Order or Local Purchase Order.
  2. DLC: Domestic Letter of Credit


Bank Guarantees (BG)


IMPORTANT NOTICE:

Effective from 1 January 2020, the rates and fees shown below for Bank Guarantees shall apply to all companies including Small and Medium Enterprises (SMEs) per the Bank Negara Malaysia (BNM) definition.

Product/ServicesCommission/Rate Per Bill

BG Issuance

0.05%  to 0.125% per month or part of month on BG amount plus claim period
Min.RM100

BG Amendment
a) Increase in amount
b) Extension of BG validity
c) Others

0.05% to 0.125% per month or part of month on increase in amount or on extension of BG validity
Min.RM100
RM100 flat per amendment

Stamping of BG

RM10 flat

* Unredeemed BG without claim period clause (Not returned within 1 month from expiry date)

0.05% to 0.125% per month or part of month on BG amount
Min.RM100


Buyer Centric Supplier Financing (BCSF)

Product/Services

Commission/Rate Per Bill

BCSF Handling Fee

RM25 per Invoice, or

RM25 per Confirmed Purchase Order, or as specified in Letter of Offer


Others

Product/ServicesCommission/Rate Per Bill

Swift /Cable

Varies according to length of message Min.RM25

Postage

Varies according to distance
Min.RM5

Courier

Varies according to the courier company used Min.RM15

Auto Tracer sent via SWIFT

RM25 per tracer

For items created with new instrument:
OAL Create, BEP Create, BRLC Create, TR Create, AP Create, ECR-PRE & POST Create, BA Create, OFCL Create, ALL MID TERM PURCHASES

RM50 per bill


Cut off time for transaction to be processed

All completed applications received at Trade Finance Centre by 4:00 p.m. from Monday to Friday (Sunday to Thursday in the case of Kelantan & Terengganu) will be processed on the same day with consideration for transactions involving RENTAS and Outward TT payments of which to be received by 1:00 p.m.

(Crediting of funds by Receiving Bank is estimated to be on the next business day)

 

Islamic


Import

Letter of Credit-i

Product/ServicesCommission/Rate Per Bill
LC-i Issuance
a) Sight Irrevocable/Revocable
b) Usance Irrevocable/Revocable
0.1% per month
Min. RM75
LC-i Amendment
a) Increase in amount
b) Extension of validity
0.1% per month
Min.RM50
Other LC-i Amendment
(Not involving increase in amount or extension of LC-i validity)
RM50 flat per amendment
Back to Back LC-i Issuance 0.1% per month
Min.RM150
Back to Back LC-i Amendment
a) Increase in amount
b) Extension of validity
0.1% per month
Min.RM50
Other Back to Back LC-i Amendment
Not involving increase in amount or extension of LC-i validity
RM50 flat per amendment
Standby LC-i Issuance Commission
0.1% per month
Min.RM100

Fees
SME: RM75 flat
NON SME: RM100 flat
Standby LC-i Amendment
a) Increase in amount
b) Extension of validity
0.1% per month
Min.RM50
Other Standby LC-i Amendment
Not involving increase in amount or extension of LC-i validity
RM50 flat per amendment
Revolving LC-i Issuance Commission
0.1% per month
Min.RM100

Fees
SME: RM75 flat
Non SME: RM100 flat
Revolving LC-i Amendment
a) Increase in amount
b) Extension of validity
0.1% per month
Min.RM50
Other Revolving LC-i Amendment
Not involving increase in amount or extension of LC-i validity
RM50 flat per amendment
Bills Receivable under LC-i
Negotiation of import documents received under LC-i
Foreign Centre Rate quoted by Global Markets
If Import documents are presented with discrepancy/ies (Note 5) USD50 or its equivalent in other foreign currency


Export

Product/ServicesCommission/Rate Per Bill
Inward Letter of Credit-i
Advising/Amendments
RM50 per advice
Confirming Inward LC-i As per Risk Table which is subject to country and Financial Institutional risk
Transfer of LC-i Commission
Full/Partial
Commission
0.1% on transfer amount per month/part of month of LC-i validity. Min. RM50

Fees
SME/Customer: RM100 flat
Others: RM150 flat

Stamp duty on Letter of Indemnity
RM10
Transfer of LC-i Amendment
a) Increase in amount
b) Extension of LC-i validity
0.1% per month/part of month on the incremental transfer amount or on extended period of LC-i.
Min.RM50
Other Transfer of LC-i Amendment
Not involving Increase in amount or extension of LC-i validity
RM50 flat per amendment
Negotiation of documents drawn under Inward LC-i 0.1% flat
Min. RM50
Max. RM100 for foreign bills
Max. RM500 for domestic bills
Checking fees RM50
Assignment of proceeds 0.1% flat
Min.RM50
Negotiation of LC-i against LC-i Issuing Bank's Limit As per Risk Table which is subject to country and Financial Institutional risk


Shipping Guarantee-i

Product/ServicesCommission/Rate Per Bill
Shipping Guarantee-i(SG-i)/Endorsement of Transport document 0.1% on invoice amount
Min.RM50
Unredeemed SG-i
(Not released within 3 months from date of issue)
0.5% on invoice amount per month until date of return of SG-i.
Min.RM50


Financing

Product/ServicesCommission/Rate Per Bill
On-Shore Foreign Currency Financing-i (OFCF-i) Cost of fund plus margin
(As specified in Letter of Offer)
Accepted Bills-i (AB-i) Acceptance Commission: As specified in Letter of Offer

Discount rate: As quoted by the Bank
Export Credit Refinancing-i (ECR-i)
Commission
EXIM Bank funding rate plus margin up to 1.0% p.a. (As specified in Letter of Offer)
Min.RM100
ECR-i Processing Fees RM5
ECR-i DPO/LPO charges 0.05% flat on the value
Min. RM20
Max.RM500
ECR-i DLC charges 0.05% flat on the value
Min. RM20
Max.RM500
Foreign/Domestic Bills of Exchange Purchased-i sent under Documentary Collection (FBEP-i/DBEP-i) Foreign: Foreign Center rate (FCR)
Domestic: BFR Plus margin up to 3.0%
(As specified in Letter of Offer)
Foreign/Domestic Bills of Exchange Purchased-i / Authority to Purchase sent under Documentary Credit-i
(FBEP-i/AP & DBEP-i/AP)
Foreign: Foreign Center rate (FCR)
Domestic: BFR Plus margin up to 3.0%
(As specified in Letter of Offer)
FBEP-i/AP & DBEP-i/AP
Risk Premium
As per Risk Table which is subject to country and Financial Institutional risk
Invoice Financing-i (IF-i) Base Financing Rate/ Cost of Fund plus margin
(As specified in Letter of Offer)


Collection

Product/ServicesCommission/Rate Per Bill
Inward Bills for Collection-i (IBC-i) 0.1% flat
Min.RM50
Max.RM100 (Foreign)
Max.RM500 (Domestic)
IBC-i on Usance basis (Foreign and Domestic) RM50 flat for each set of Usance bill
Unpaid items
(Delivery of bills free of payment)
0.1% flat
Min.RM50
Max.RM100 (Foreign)
Max.RM500 (Domestic)
Unpaid dishonored bills
(for each presentation after the arrival of goods or after due date)
RM50 flat
Outward Bills for Collection-i (OBC-i) 0.1% flat
Min.RM50
Max.RM100
(Foreign/Domestic)


Bank Guarantees-i (BG-i)


IMPORTANT NOTICE:

Effective from 1 January 2020, the rates and fees shown below for Bank Guarantees-i (BG-i) shall apply to all companies including Small and Medium Enterprises (SMEs) per the Bank Negara Malaysia (BNM) definition.

Product/ServicesCommission/Rate Per Bill
BG-i Issuance 0.05%  to 0.125% per month or part of month on BG-i amount plus claim period
Min.RM100
BG-i Amendment
a) Increase in amount
b) Extension of BG-i validity
c) Others

0.05% to  0.125% per month or part of month on increase in amount or on extension of BG-i validity
Min.RM100
RM100 flat per amendment

Stamping of BG-i RM10 flat
* Unredeemed BG-i without claim period clause (Not returned within 1 month from expiry date) 0.05% to 0.125% per month or part of month on BG-i amount
Min.RM100

Other


Product/ServicesCommission/Rate Per Bill
Swift /Cable Varies according to length of message Min.RM25
Postage Varies according to distance
Min.RM5
Courier Varies according to the courier company used Min.RM15
Auto Tracer sent via SWIFT RM25 per tracer
For items created with new instrument:
OAF-i Create, BEP-i Create, BRLC-i Create, TR-i Create, , ECR-i-PRE & POST Create, AB-i Create, OFCF-i Create, ALL MID TERM PURCHASES
RM50 per bill

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