Trade Finance

Trade Finance

No Product Description Tariff/Charges Fees Amount With Goods And Services Tax (GST) Effective 1/4/2015
1 LETTER OF CREDIT (LC) Issuance Commission/Fee 0.1% per month (or part of month thereof) plus 6% GST ( min=RM106 inclusive 6% GST)
Amendment on Extension
of Expiry Date and/or Increase in Amount
Commission/Fee 0.1% per month (or part of month thereof) plus 6% GST ( minimum RM53 inclusive 6% GST)
Amendment -Others Commission/Fee RM53.00 inclusive 6% GST
Note : Opening commission is calculated at a prescribed rate on the LC amount for each month (or part of month thereof) of validity of LC, which is payable in full upon issuance of LC.
If there is a subsequent amendment to the expiry date and/or increase in LC amount , additional commission will be imposed based on the extended period and/or the increamental LC amount and will be payable upon amendment on LC.
2 INWARD BILLS FOR COLLECTION Issuance Commission/Fee 0.1% flat on bill amt plus 6% GST
Minimum RM10.60 inclusive 6% GST
Maximum RM530 for Local Bill inclusive 6% GST or
maximum RM106 for Foreign Bill inclusive 6%. GST
Amendment (increase in amount) Commission/Fee 0.1% flat on increased bill amt plus 6% GST
Minimum RM10.60 inclusive 6% GST
Maximum RM530 for Local Bill inclusive 6% GST or
maximum RM106 for Foreign Bill inclusive 6%. GST
Cancellation /Unpaid/ Dishonoured bills Commission/Fee Service charge RM53 inclusive 6% GST
3 INWARD BILL UNDER LC- USANCE Acceptance Commission/Fee 0.1% per month (or part of month thereof) on bill amount and usance period plus 6% GST ( min=RM53 inclusive 6% GST) Additional Commission on overdrawn LC amount or expired LC at 0.1% per month (part of month thereof) plus GST 6% (Minimum RM53 inclusive 6% GST)
Settlement after Maturity Interest 3.5% + BLR or as per Letter of Offer
4 INWARD BILL UNDER LC- SIGHT Issuance Commission/Fee Additional Commission on overdrawn LC amount or expired LC at 0.1% per month (part of month thereof) plus GST 6% (Min RM53 inclusive 6% GST)
Interest from reimbursement date by Agent Bank to date of payment at Bank’s Foreign Center Rate (FCR)
  Interest
5 FOREIGN BILLS OF EXCHANGE DISCOUNTED Issuance FBED-Non LC Commission/Fee 0.1% flat plus GST or  min RM10.60 max RM106 inclusive of GST
Interest Cost of Funds plus Margin as quoted by Treasury or as per LO terms
Issuance FBED-LC Commission/Fee 0.1% flat plus GST or min RM10.60 max RM106 inclusive of GST
Document Checking Fee RM106 inclusive 6% GST.
Interest Cost of Funds plus Margin as quoted by Treasury or as per LO terms
6 DOMESTIC BILLS OF EXCHANGE DISCOUNTED (DBED) Issuance DBED-Non LC Commission/Fee 0.1% flat plus 6% GST or min RM10.60 inclusive 6% GST or max RM530 inclusive 6% GST
Interest 3.5% + BLR or as quoted as per LO terms
Issuance DBED-LC Commission/Fee 0.1% flat plus 6% GST or min RM10.60 inclusive 6% GST or max RM530 inclusive 6% GST
Document Checking Fee RM53 inclusive 6% GST.
Interest 3.5% + BLR or as quoted as per LO terms
7 INWARD LETTER OF CREDIT Advising Commission/Fee RM42.40 inclusive 6% GST
Advising with Confirmation Commission/Fee Additional confirmation fee to be quoted plus 6% GST (where applicable)
Advising of Amendment Commission/Fee RM42.40 inclusive 6% GST
8 LETTER OF TRANSFER Transferring Commission/Fee 0.2% per month (or part of month thereof) plus 6% GST ( min=RM265 inclusive 6% GST)
Amendment: Increase in Amount Commission/Fee 0.2% per month (or part of month thereof) plus 6% GST ( min=RM53 inclusive 6% GST)
Amendment: Extension of Expiry Date Commission/Fee 0.2% per month (or part of month thereof) plus 6% GST ( min=RM53 inclusive 6% GST)
Amendment: Others Commission/Fee 0.2% per month (or part of month thereof) plus 6% GST ( min=RM53 inclusive 6% GST)
9 ECR - POST SHIPMENT Issuance Commission/Fee Transaction Fee = RM10.60 per transaction inclusive of GST
Interest EXIM Bank funding rate + spread as per LO terms
Liquidation Commission/Fee Transaction Fee=RM10 .60 per transaction inclusive of GST
Non Payment at Maturity Interest 3.5% + BLR or as per LO
10 ECR-PRE SHIPMENT Issuance of Domestic
Purchase Order (DPO) / Local Purchase Order (LPO)
Commission/Fee 0.05% FLAT on value plus 6% GST
Min. = RM21.20 inclusive 6% GST
Max. = RM530.00 inclusive 6%GST
Lodgement/Drawdown
/Liquidation/Cancellation
Commission/Fee Transaction Fee=RM10.60 per transaction inclusive 6% GST
Interest Interest EXIM Bank funding rate + spread as per LO terms
Non Payment at Maturity Interest 3.5% + BLR or as per LO
11 BANK GUARANTEE (BG) Issuance Commission/Fee 0.1% per month (or part of month thereof) plus 6% GST ( min=RM106 inclusive 6% GST)
Format Vetting Fee RM265 -BG format vetting fee inclusive 6% GST
Amendment on Extension
of Expiry Date and/or Increase in Amount
Commission/Fee 0.1% per month (or part of month thereof) plus 6% GST ( min=RM53 inclusive 6% GST)
Amendment -Others Commission/Fee RM53.00 inclusive 6% GST
BG Assignment Commission/Fee RM265 inclusive 6% GST
Note : Opening commission is calculated at a prescribed rate on the BG amount for each month (or part of month thereof) of validity of BG, which is payable in full upon issuance of BG.
If there is a subsequent amendment to the expiry date and/or increase in BG amount , additional commission will be imposed based on the extended period and/or the increamental BG amount and will be payable upon amendment on BG
12 AD HOC BG Issuance Commission/Fee 0.125% per month (or part of month thereof) plus 6% GST (Min. = RM265 inclusive 6% GST)
Format Vetting Fee RM265 -BG format vetting fee inclusive. 6% GST
Amendment on Extension
of Expiry Date and/or Increase in Amount
Commission/Fee 0.125% per month (or part of month thereof) on BG increased amount and/or the new expiry date plus 6% GST Min. RM265 inclusive. 6% GST.
Amendment (Extend expiry date) Commission/Fee 0.125% per month (or part of month thereof) on the new expiry date plus 6% GST
Min. RM265 inclusive. 6% GST
Amendment Others Handling Fee RM53. inclusive 6% GST
BG Assignment Handling Fee RM265 inclusive 6% GST
Note : Opening commission is calculated at a prescribed rate on the BG amount for each month (or part of month thereof) of validity of BG, which is payable in full upon issuance of BG.
If there is a subsequent amendment to the expiry date and/or increase in BG amount , additional commission will be imposed based on the extended period and/or the new increased BG amount and will be payable upon amendment on BG
13 BG PLUS Issuance Commission/Fee As per package. Package A (Cash margin as collateral plus insurance) = 1.15% p.a. plus 6% GST, Package B (FD as collateral plus insurance) =1.25% p.a. plus 6% GST, Package C (Cash margin/FD as collateral without insurance) = 1.50% p.a. plus 6% GST or Min. = RM265 inclusive 6% GST
Amendment (increase in amount) Commission/Fee As per package. Package A= 1.15%p.a plus 6% GST, Package B=1.25% p.a. plus 6% GST, Package C = 1.50% p.a. plus 6% GST on the increased BG amount or Min. = RM265 inclusive 6 % GST.
Amendment (Extend expiry date) Commission/Fee As per package. Package A= 1.15%p.a plus 6% GST, Package B=1.25% p.a. plus 6% GST, Package C = 1.50% p.a. plus 6% GST on the new expiry date or Min. = RM265 inclusive 6 % GST.
Amendment (Amount and
Extend Expiry date)
Commission/Fee As per package. Package A= 1.15%p.a plus 6% GST, Package B=1.25% p.a. plus 6% GST, Package C = 1.50% p.a. plus 6% GST on the increased BG amount and new expiry date or Min. = RM265 inclusive 6 % GST.
Amendment Others Handling Fee RM53 inclusive 6% GST
BG Plus Assignment Handling Fee RM265.00 inclusive 6% GST
Note : Opening commission is calculated at a prescribed rate from the date of BG Plus issuance and payable in full from the time from establishment of all BG Plus.
If there is any subsequent extension to the expiry date/increase in the amount of the BG Plus, additional commission will be imposed based on extended period or the increase BG Plus amount and will be collected when the BG Plus is extended or the amount increased
14 BANKERS ACCEPTANCE (BA) Issuance/Discount Discount Interest/
Acceptance Commission
Discount Interest as quoted by the Bank plus Acceptance commission as prescribed in LO
15 OUTWARD BILLS COLLECTION- DOMESTIC Issuance Commission/Fee 0.1% flat plus 6% GST or min. RM10.60 inclusive. GST and max RM530 inclusive 6% GST
Amendment Commission/Fee 0.1% flat plus 6% GST or min. RM10.60 inclusive. GST maximum and RM530 inclusive 6% GST
16 OUTWARD BILLS COLLECTION- FOREIGN Issuance Commission/Fee 0.1% flat or min. RM10 and max. RM100
Amendment Commission/Fee 0.1% flat or min. RM10 and max. RM100
17 TRUST RECEIPT (TR)/ FOREIGN CURRENCY TR (FTR) Issuance Interest Prescribed rate as per LO terms
Non Payment on Maturity Interest 1% above prescribed rate /or as per LO terms
18 ENDORSEMENT OF TRANSPORT DOCUMENT/SHIPPING GUARANTEE (SG) Issuance Commission/Fees Flat 0.1% on invoice amount Minimum RM53.00 inclusive GST
Unredeemed SG (not cancelled within 3 months
from date of issue)
Commission/Fees Additional 0.5% per annum on amount until date of return of SG Minimum RM53.00 inclusive 6% GST
19 STANDARD CHARGES ON
ALL PRODUCTS
  Courier Local
Minimum RM15.90 inclusive 6% GST, Maximum RM26.50. inclusive 6% GST
Foreign
Minimum RM63.60 inclusive GST, Maximum as per DHL published rate plus 6% GST
RENTAS RM 9.54 inclusive 6% GST
Postage RM10.60 inclusive 6% GST
Swift/ Cable Minimum RM15.90 inclusive 6% GST, Maximum RM115 inclusive 6% GST
Revenue Stamp RM10

Note: Affin Bank Berhad reserves the right to vary the fees, charges and interest as stated above with prior notice or as agreed with the customer in the Letter of Offer.

In accordance with the provisions of the Goods and Services Tax (GST) Act 2014, the fees and charges is subject to GST at zero rate if the transaction relates to export of goods outside Malaysia.

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