Kindly be informed that effective 14 January 2013, the Trade Finance Operational charges for Conventional and Islamic Trade Financing will be revised as below:

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:

  1. On LC amount per month or part of month of LC validity
  2. On LC amount per month or part of month of LC validity plus of the usance period
  3. On LC amount per month or part of month on the incremental amount extended period
  4. On LC amount per month or part of month on the incremental amount
  5. For beneficiary's account

  

Shipping Guarantee

Product/ServicesCommission/Rate Per Bill
Shipping Guarantee(SG)/Endorsement of Transport document0.1% on invoice amount
Min.RM50
Unredeemed SG
(Not released within 3 months from date of issue)
0.1% on invoice amount per month until date of return of SG.
Min.RM50

  

Collection

Product/ServicesCommission/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

Product/ServicesCommission/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 LC0.1% flat
Min.RM50
Max .RM500 for domestic bills
Checking feesRM50
Assignment of proceeds0.1% flat
Min.RM50
Negotiation of LC against LC Issuing Bank's LimitAs 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 FeesRM5
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:

6. DPO or LPO: Domestic Purchase Order or Local Purchase Order
7. DLC: Domestic Letter of Credit

  

Bank Guarantees (BG)

Product/ServicesCommission/Rate Per Bill
BG Issuance0.05% or 0.125% per month or part of month on BG amount depending on collateral.
Min.RM50
BG Amendment
a) Increase in amount
b) Extension of BG validity
0.05% or 0.125% per month or part of month on increase in amount or on extension of BG validity
Min.RM50
Stamping of BGRM10 flat
* Unredeemed BG without claim period clause (Not returned within 1 month from expiry date)
0.05% or 0.125% per month or part of month on BG amount depending on collateral.
Min.RM50

 

Buyer Centric Supplier Financing (BCSF)

Product/ServicesCommission/Rate Per Bill
BCSF Handling FeeRM25 per Invoice, or

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

  

Others

Product/ServicesCommission/Rate Per Bill
Swift /CableVaries according to length of message Min.RM25
PostageVaries according to distance
Min.RM5
CourierVaries according to the courier company used Min.RM15
Auto Tracer sent via SWIFTRM25 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)


Effective 1 April 2015 Maybank Group will impose GST on the supply of goods and/or services at a rate of 6% where appropriate, in addition to our other applicable fees and charges, in accordance with the provisions of the Goods and Services Tax Act 2014 (GST Act 2014). 

 

 

 

 

 

 

 

 

 

Next steps

Call us

Got a question? Call our Helpdesk hotline at 03-2074 7998 during office hours
 
 

Next steps

Call us

Got a question? Call our Helpdesk hotline at 03-2074 7998 during office hours