IMPORT
Letter of Credit
| Product/Services | Commission/Rate Per Bill |
|---|---|
|
LC Issuance |
0.1% per month |
|
LC Amendment |
0.1% per month |
|
Other LC Amendment |
RM50 flat per amendment |
|
Back to Back LC Issuance (Note 1) |
0.1% per month |
|
Back to Back LC Amendment |
0.1% per month |
|
Other Back to Back LC Amendment |
RM50 flat per amendment |
|
Standby LC Issuance (Note 1) |
Commission |
|
Standby LC Amendment |
0.1% per month |
|
Other Standby LC Amendment |
RM50 flat per amendment |
|
Revolving LC Issuance (Note 1,2) |
Commission |
|
Revolving LC Amendment |
0.1% per month |
|
Other Revolving LC Amendment |
RM50 flat per amendment |
|
Bills Receivable under LC |
Foreign Centre Rate |
|
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/Services | Commission/Rate Per Bill |
|---|---|
|
Shipping Guarantee(SG)/Endorsement of Transport document |
0.1% on invoice amount |
|
Unredeemed SG |
0.5% on invoice amount per month until date of return of SG. |
Collection
| Product/Services |
Commission/Rate Per Bill |
|---|---|
|
Inward Bills for Collection(IBC) |
0.1% flat |
|
IBC on Usance basis (Foreign and Domestic) |
RM50 flat for each set of Usance bill |
|
Unpaid items |
0.1% flat |
|
Unpaid dishonored bills |
RM50 flat |
|
Outward Bills for Collection (OBC) |
0.1% flat |
EXPORT
Letters of Credit
| Product/Services |
Commission/Rate Per Bill |
|---|---|
|
Inward Letter of Credit |
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 |
Commission
|
|
Transfer of LC Amendment |
0.1% per month/part of month on the incremental transfer amount or on extended period of LC. |
|
Other Transfer of LC Amendment |
RM50 flat per amendment |
|
Negotiation of documents drawn under Inward LC |
0.1% flat |
|
Checking fees |
RM50 |
|
Assignment of proceeds |
0.1% flat |
|
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/Services | Commission/Rate Per Bill |
|---|---|
|
On-Shore Foreign Currency Loan (OFCL) |
Cost of fund plus margin |
|
Trust Receipt (TR) |
Base Lending Rate (BLR) plus margin (As specified in Letter of Offer) |
|
Bankers Acceptances (BA) |
Acceptance Commission: As specified in Letter of Offer |
|
Export Credit Refinancing (ECR) |
EXIM Bank funding rate plus margin up to 1.0% p.a. (As specified in Letter of Offer) |
|
ECR Processing Fees |
RM5 |
|
ECR DPO/LPO charges (Note 6) |
0.05% flat on the value |
|
ECR DLC charges (Note 7) |
0.05% flat on the value |
|
Foreign/Domestic Bills of Exchange Purchased sent under Documentary Collection (FBEP/DBEP) |
Foreign: Foreign Center rate (FCR) |
|
Foreign/Domestic Bills of Exchange Purchased / Authority to Purchase sent under Documentary Credit |
Foreign: Foreign Center rate (FCR) |
|
FBEP/AP & DBEP/AP |
As per Risk Table which is subject to country and Financial Institutional risk |
|
Invoice Financing (IF) |
Base Lending Rate (BLR) / Respective Currency COF plus margin (As specified in Letter of Offer) |
Notes:
6. DPO or LPO: Domestic Purchase Order or Local Purchase Order.
7. 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/Services | Commission/Rate Per Bill |
|---|---|
|
BG Issuance |
0.05% to 0.125% per month or part of month on BG amount plus claim period |
|
BG Amendment |
0.05% to 0.125% per month or part of month on increase in amount or on extension of BG validity |
|
* 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 |
|
Foreign BG / Inward SBLC received as collateral for customer’s facilities |
Risk Premium - As per Risk Table which is subject to country and Financial Institution risk |
Supply Chain Financing (SCF)
|
Product/Services |
Commission/Rate Per Bill |
|---|---|
|
Reverse Receivable Financing (RRF) |
Discount Charge: Cost of Fund (COF) plus margin |
|
Payment Agency Model (PAM) |
Discount Charge: Cost of Fund (COF) plus margin Handling Fee: RM25 |
| Supply Chain Financing Programme (SCFP) |
Discount Charge: Cost of Fund (COF) plus margin Handling Fee: RM25 |
Others
| Product/Services | Commission/Rate Per Bill |
|---|---|
|
Swift /Cable |
Varies according to length of message Min.RM25 |
|
Postage |
Varies according to distance |
|
Courier |
Varies according to the courier company used Min.RM15 |
|
Auto Tracer sent via SWIFT |
RM25 per tracer |
|
For items created with new instrument: |
RM50 per bill |
Cut off time for transaction to be processed
- All completed applications received at Transaction Banking 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 to be received by 12.00 p.m. and Outward TT payments to be received by 1:00p.m.
- Crediting of funds by Receiving Bank is estimated to be on the next business day.