| Letter of Credit (LC) | |
|---|---|
| Opening Commission: | 0.125% per month, subject to minimum of 0.25% (not less than S$80) |
| Amendment Fees | |
|
0.125% per month, subject to minimum of 0.25% (not less than S$80) |
|
0.125% per month, subject to minimum of S$80 |
|
S$80 flat |
| Inward LC Bills | |
|---|---|
| Term Bills Acceptance Commission: | 0.125% per month, subject to minimum of S$80 |
| Amount Overdrawn: | 0.125% per month, subject to minimum of S$80 |
| Expired LC: | 0.125% per month, subject to minimum of S$80 (no grace period allowed) |
| Discrepancy fees: | S$80 for bills in SGD and US$80 or equivalent for bills in foreign currency (levied on negotiating bank/LC beneficiary) |
| Payment under our own LC: | S$80 or equivalent |
| Commission-in-lieu of Exchange (CILE): | 0.125% subject to minimum S$50 |
| Inward Documentary Collection | |
|---|---|
| Collection commission: | 0.125% subject to Account holder: minimum of S$80 Non-account holder: minimum of S$100 |
| Presentation fee for DP and DA bills: | S$30 flat |
| Dishonoured Bills: | S$80 |
| Protesting of Bills: | S$100 plus legal fees |
| Shipping Guarantees (SG)/ Endorsement of Transport Documents | |
|---|---|
| Under LC: | S$70 per SG |
| Under Collection Bills: | 0.125% subject to minimum of S$80 |
| Outstanding SG: | 0.5% per month subject to minimum S$80 (after 1 month) |
| Banker's Guarantee/Standby LC | |
|---|---|
| Issuance Commission: | 1% p.a. up to 2 years and 1.5% p.a. for tenure exceeding 2 years, subject to minimum of S$100 p.a. |
| Amendment: | S$80 |
Applicable for all products/services:
a. Out-of-pocket expenses (e.g. agent fee, cable charges, courier, etc.) may apply where applicable.
b. CILE is applicable where the foreign currency trade transactions are settled without foreign currency conversion.
c. All fees/charges listed above are indicative and subject to the Bank's further discretion.
NOTE: This pricing guide is effective from 15 July 2009.