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/Services | Commission/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/Services | Commission/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) | 0.1% 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
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 .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/Services | Commission/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:
6. DPO or LPO: Domestic Purchase Order or Local Purchase Order
7. DLC: Domestic Letter of Credit
Bank Guarantees (BG)
Product/Services | Commission/Rate Per Bill |
BG Issuance | 0.05% 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 BG | RM10 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/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/Services | Commission/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)
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).
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Got a question? Call our Helpdesk hotline at 03-2074 7998 during office hours