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).
Next steps
Call us
Got a question? Call our Helpdesk hotline at 03-2074 7998 during office hoursNext steps
Call us
Got a question? Call our Helpdesk hotline at 03-2074 7998 during office hours
Please fill in the following details and we will be in touch to assist you with your application.
