| Sight / Time LCs |
1/12% per month (min.3 months) with min. commission per LC AED 500 plus handling fee |
| Revolving LCs |
Same as Sight/Time LCs min. AED 500 plus scrutiny fee AED 500 plus 1/8% flat commission on each revolved amount with minimum commission per revolution AED 500 plus handling fee |
| Back to Back LCs | Same as Sight/Time LCs plus AED 500 scrutiny fee |
Standby LCs
| 1/8% per month (min. 3 months) with min. commission per LC AED 500 |
Note: Commission for LCs related to Commodities like Coal, Oil & Metals will be priced on case to case basis
|
| B. LC Amendment Commissions |
| Amendment commission for increase in LC amount |
Additional commission charged on increased amount same as LC opening commission with min. commission per amendment AED 300 plus handling fee |
| Amendment commissions for extension in expiry date | Additional commission charged for extended period same as LC opening commission with minimum commission per amendment AED 300 plus handling fee |
| Other amendments (Changes in LC Terms & Conditions, clauses etc.) | AED 300 plus handling fee |
| C. LC Handling Fees |
| Handling fee for LC opening services (including Swift/Courier etc.) |
AED 350 |
| Handling fee for LC amendment services (including Swift/Courier etc.) | AED 350 |
| Handling fee for LC cancellation services (before expiry) | AED 350 |
| Additional handling fee for Manual transactions | 1/8% flat, min AED 500/- |
| Additional handling fee for LCs with excessive details | AED 100 per additional page |
| Additional handling fee for LC amendment with excessive details | AED 100 per additional page |
| D. LC Administration Fees / Commissions |
| LC Expiration Commission (when documents negotiated after LC expiry date) |
Additional commission charged for expired period same as LC opening commission with min. commission AED 300 plus handling fee |
| LC overdrawing commission (when documents negotiated in excess of LC value) | Additional commission charged for over drawn amount same as LC opening commission with min. commission AED 300 plus handling fee |
| LC discrepancy fee (per presentation) | USD 100 plus SWIFT charges |
| Return of discrepant documents unpaid / unaccepted | USD 100 plus Courier/SWIFT charges |
Documents (Discrepant/Clean) safe custody fees
(held unpaid/uncleared after one month of presentation to customer) | AED 300 per month |
| Interest recovered from the date of negotiation of documents and reimbursement to the date of settlement | Rate as per arrangement |
| E. LC Acceptance Commission |
| LC acceptance commission |
1/6% per month (acceptance commission will be charged for the full usance period, without consideration of the due date of the bill falls within LC expiry or after) min. AED 300/- |
| F. Shipping Guarantees |
| For Sight LCs against full cash margin only |
With 100% Margin: AED 500 plus VAT
Manual issuance with 100% Cash margin: AED 1000 plus VAT
Margin: 0.125% of Invoice Value + 5% VAT
Min AED 500.00 plus VAT |
| Redeemed after one month of issuance | 0.125% float of "Invoice value less margin held" + 5% VAT (Min AED 250 plus VAT) |
| For Time LCs | 1/8% min. AED 300 additional AED 100 if guarantee remains outstanding beyond one month |
| G. TR / LAD / LCD handling fees |
| TR / LAD / LCD booking |
AED 300 per transaction |
| TR / LAD / LCD pre settlement | AED 300 per settlement |
| TR / LAD / LCD extension | AED 300 plus additional 2% p.a. interest for extension period |
| TR / LAD / LCD past due | AED 1000/- for each past due along with 2% p.a. additional interest for the past due period |
| H. LC related other charges |
| Reimbursement fee |
USD 100.00 |
| Exchange compensation fee for settling LC documents in foreign currency | 1/4% min. AED 300 |
| Courier charges - Local | AED 100 |
| Courier charges - International | AED 250 |
| SWIFT charges | AED 150 |
| Reminder charges | AED 50 per reminder - plus Courier/SWIFT charges |
| Manager's cheque for agents commission | AED 200 |
I. Trade Structuring/ Advisory Fee
|
Trade Advisory/ Structuring Fee will be charged on case to case basis in view of complexities & intricacies involved in structuring an optimum trade solution
|
| Inward documentary bills for collection charges |
| A. IBC advising fee |
| Inward documentary bills advising and handling fee |
AED 300 |
| B. IBC Handling Commission |
| IBC payment commission (including open account transaction) |
1/8% min. AED 300 plus SWIFT charges |
| IBC acceptance commission | 1/8% min. AED 300 plus SWIFT charges |
| IBC documents transferred to another bank | 1/8% min. AED 300 plus courier charges |
| IBC documents returned unpaid / unaccepted | 1/8% min. AED 300 plus courier charges |
| IBC documents released free of payment | 1/8% min. AED 300 |
| Avalization of drafts | 1/8% per month (min. 3 months) with min. commission AED 300 plus SWIFT charges |
| Amendment to inward bills for collection | 1/8% additional commission on increased amount (if any) min. AED 300 other amendments AED 300 flat per amendment |
| IBC documents cleared through TR/LCD | TR / LCD related charges as mentioned under import LCs schedule |
| C. IBC related other charges |
| Exchange compensation fee for settling IBC in foreign currency |
1/4% min. AED 300 |
| IBC documents safe custody fees (held unpaid after one month of receipt / acceptance / due date) | AED 300 per month |
| Export - Letter of Credits Charges |
| A. Export LC advising fee |
| Advising of LC to Customer |
AED 300 |
| Advising of LC to Non Customer | AED 500 |
| Advising LC Amendment to Customer | AED 200 |
| Advising LC Amendment to Non Customer | AED 300 |
| B. Export processing charges |
| Export LC confirmation |
Applicable commission as per arrangement with customer in consideration of Bank/Country risk with min. commission AED 500 |
| Export documents negotiation / handling commission | 1/8% min. AED 300 |
| Export bills discounting | 1/8% min. AED 300 |
| Export documents scrutiny fee for customer | AED 300 per presentation |
| Export documents scrutiny fee for non customer | AED 500 per presentation |
| Payment of other Bank's reimbursement claim | AED 300 per reimbursement |
| C. Transfer of Export LC |
| Transfer of LC |
1/4% flat min. AED 500 plus scrutiny fee AED 500 plus Swift charges AED 500 |
| Transfer of LC Amendment | 1/4% on increased amount (if any) min. AED 300 other amendment AED 300 flat per amendment plus SWIFT charges AED 300 |
| D. Other charges |
| Assignment of Proceeds under Export LC |
AED 500 plus Swift charges |
| Courier Charges - Local | AED 100 |
| Courier Charges - International | AED 250 |
| SWIFT Charges | AED 150 |
| Reminder Charges | AED 50 per reminder - plus Courier/SWIFT charges |
| Fax Charges | AED 50 |
| Outward documentary bills for collection charges |
| A. OBC - fees and commissions |
| Outward Documentary Bills Handling Commission |
1/8% min. AED 300 (to be collected in advance) plus courier charges |
| Amendment to outward bills for collection | 1/8% on the increased amount (if any) min. AED 250 other amendments AED 100 plus courier & SWIFT charges |
| Handling fee for OBC documents returned unpaid | AED 300 plus collecting Bank charges (If any) |
| Advising fee for OBC acceptance | AED 300 |
| B. IBC and OBC related miscellaneous charges |
| Courier Charges - Local |
AED 100 |
| Courier Charges - International | AED 250 |
| SWIFT Charges | AED 150 |
| Reminder Charges | AED 50 per reminder - plus Courier/SWIFT charges |
| Fax Charges | AED 50 |
| Letter of Guarantee Charges |
| A. LG Issuance Commissions |
Commission on Issuance of Contract Finance Guarantees (Bid Bonds, Performance Bonds, Advance Payment, Retention & Maintenance)
Note: Charges are applicable for LGs up to one year validity only. LGs with tenor longer than 1 year will be priced on case to case basis |
1.50% per annum (min. 3 months) with min. commission per LG AED 500 |
| Commission on issuance of open ended LGs | 2.0% per annum (min. 3 months) with min. commission per LG AED 500 |
Commission on issuance of financial LGs - fixed maturity
Note: Charges are applicable for LGs up to one year validity only. LGs with tenor longer than 1 year will be priced on case to case basis | 2.0% per annum (min. 3 months) with min. commission per LG AED 500 |
| Commission on issuance of financial LGs - open ended | 2.25% per annum (min. 3 months) with min. commission per LG AED 500 |
| Commission on Issuance of LG's against 100% (not partial) cash margin - Manual | 80% commission as per LG Issuance rates with minimum commission per LG - AED 1,000 |
| Commission on issuance of LGs against 100% (not partially) cash collateral | 90% commission as per above mentioned rates with min. commission per LG AED 500
|
| Commission on issuance of LGs (other guarantees not mentioned above including labour Gtee) | 2% per annum (min. 3 months) with min. commission per LG AED 500 |
| B. LG Amendment Commissions |
| Amendment commission for increase in LG amount |
Additional commission charged on increased amount same as LG opening commission with min. commission per amendment AED 500 plus Fax/SWIFT/Courier charges |
| Amendment commission for extension in expiry date | Additional commission charged for extended period same as LG opening commission with min. commission per amendment AED 500 plus Fax/SWIFT/Courier charges |
Other amendments
(Changes in LG Terms & Conditions, clauses etc.) | AED 500 per amendment
plus Fax/SWIFT/Courier charges |
| C. LG related other charges |
| For International Issuance |
LG issuance commission as above plus additional fee AED 300 plus Swift/Courier charges plus actual correspondent Bank charges |
| Advising other Bank guarantees to customers | AED 300 |
| Advising other Bank guarantees to non customers | AED 500 |
| Additional Handling fee for Manual transactions | 1/8% Flat, min AED 500/ |
| Handling charges for claims made on behalf of our customers on other banks | AED 500 plus Swift/Fax/Courier charges |
| Courier Charges - Local | AED 100 |
| Courier Charges - International | AED 250 |
| SWIFT Charges | AED 150 |
| Reminder Charges | AED 50 per reminder - plus Courier/Fax charges |
| Fax Charges | AED 50 |
| Miscellaneous Charges |
| Retrieval of old records |
| Less than 3 months |
AED 100 per page |
| Upto 6 months old | AED 200 per page |
| 6 months to 3 Years old | AED 300 per page |
| Over 3 Years | AED 500 per page |
| Bill Discounting / Revolving Loans |
| Loan against Bills Discounting (LBD & FBD) |
0.125% per item min. AED 300 |
| Replacement, Withdrawal of Bills Discounted | AED 300 per item |
| Extension of Bills Discounted | AED 500 per item along with 2% p.a. additional interest rate for the extended period |
| Returned Unpaid - Bills Discounted | AED 500 per item |
| Loan Against Invoice – Pre Sales (for payments to suppliers) | 0.25% flat per item min. AED 500 |
| All other Revolving Loans (LPP, LPO, LAI – Post Sales etc.) | 0.125% flat per item min. AED 300 |
| Extension of all revolving loans | AED 500 per extension along with 2% p.a. additional interest for the extended period |
| Early Settlement Charges for all revolving loans (LPP, LPO, LAI, LGL) | AED 300 or 20% of unaccrued interest of remaining days from settlement date, whichever is higher |
| Early Settlement Charges for all Term Loans | 2.5% of outstanding principal or as per agreement with bank, whichever is lower |
| Past Due of Revolving Loans (LPP, LPO, LAI, LGL ) | AED 500 for each past due along with 2% p.a. additional interest for the past due period |
| Trade Finance Reports (Manual) | AED 500 per report |
| LC / Guarantee Draft Copy (Manual) | AED 750 per draft |
