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Service Charges for Trade Finance Inner Page Slide

Service Charges for Trade Finance

Service Charges for Trade Finance

Service Charges – Imports

Item Existing charges Revised Charges
LC Opening Charges ¼% for validity period of every 6 months or part thereof, Min. USD 60.00
0.25% for validity period of every 6 months or part thereof, Min. USD 100.00
Processing Fee
(Back to Back LCs)
¼ % of the LC Limit
Max. Charge USD 2,000.00
0.25% of the LC Limit
Max. USD 2,500.00
Increasing Credit Value ¼% for validity period of every 6 months or part thereof, Min. USD 60.00 0.25% for validity period of every 6 months or part thereof, Min. USD 100.00
Extension of LC Period
(Including Revolving LCs)
Minimum charges USD 60.00
For extension of validity over six months
¼% for validity period of every 6 months or part thereof
For extension of validity < 6 months
Only minimum charge to be recovered
0.25% for validity period of every 6 months or part thereof,
Min. USD 100.00
Revolving LCs Minimum charges USD60.00
Same as per LC opening charges plus on each reinstatement, ¼% for validity period of every 6 months (or part thereof) would be recovered on the reinstated amount
Same as LC Opening Charges.
On each reinstatement, 0.25% for validity period of 06 months or part thereof (on reinstated amount),
Min. USD 100.00
LC Amendment (other than validity period or increase in LC Value) Flat commission of USD 60.00 USD 100.00 per amendment
Discrepancy Fee USD 40.00 for each discrepancy USD 80.00 per discrepancy
Retirement of Bills under LC Minimum charges USD 60.00
¼% on the first USD 50,000 and 1/8% on the balance
0.25% upto USD 50K and 0.125% on the balance, Min. USD 100.00
Inward Bills for Collection Minimum charges USD 60.00
¼% on the first USD 50,000 and 1/8% on the balance
0.25% upto USD 50K and 0.125% on the balance, Min. USD 100.00
Service Charges – Exports
Item Existing charges Revised Cahrges
Bills Checking Fee Flat Charge of USD 60.00 Flat charges of USD 100.00
Outward Collection Bills under LC Minimum charges USD 60.00
¼% on the first USD50,000 and 1/8% on the balance
0.25% upto USD 50K and 0.125% on the balance, Min. USD 100.00
Outward Collection Bills not under LC Same as outward collection bills under LC 0.25% upto USD 50K and 0.125% on the balance, Min. USD 100.00
Bills purchased/ Discounted Commission as above plus interest at agreed rate No change
Service Charges for Trade Finance – LC Advising
Item Existing charges Revised Cahrges
LC Transfer Minimum charges USD 60.00
Maximum charges USD 1000.00
1/8% for each validity period of 6 months
0.25% for each validity of 06 months
Min. USD 100.00 and
Max. USD 1000.00
Advising of LCs If we are first advising bank
Advise through a bank – USD90.00

If we are not first advising bank
Advise through a bank – USD80.00/ HKD 350.00

Advise Directly – USD 40.00/ HKD300.00 [Our Customer only]
i) Advising through a Bank or direct advising to the beneficiary:
USD 100.00 for USD LCs
HKD 400.00 for HKD LCs

ii) Direct advising to our customers
USD 50.00 for USD LCs
HKD 350.00 for HKD LCs

Other currencies : equivalent USD for both i) and ii)
Advising of Amendments Same as LC advising No change
Service Charges for Trade Finance – Other Trade Services
Item Existing charges Revised Cahrges
Commission in lieu of Exchange
(chargeable when foreign currency is paid to or received from our customer)
Minimum charge USD60.00

¼% on the first USD50,000 and 1/8% on the balance
0.25% upto USD 50K and 0.125% on the balance
Min. USD 100.00
SWIFT charges Flat charges of USD 60.00 USD 80.00
Tracers Flat charges of USD 10.00 per item on customer request USD 25.00 per item on customer request
Postage Flat charges of USD 60.00 USD 80.00
Reimbursement charges Flat charges of USD 150.00 No change
Handling Charges Flat charges of USD 60.00 USD 80.00
Service Charges for Trade Finance – Bank Guarantees
Item Existing charges Revised Cahrges
Inland BGs
Performance Guarantees
as well as Financial Guarantees
1/8% flat for each month upto the validity of guarantee 0.125% flat per month or part thereof
Minimum Guarantee Commission USD 60.00 USD 100.00

Please feel free to contact us for any clarifications required.

Deposit Protection Scheme

Deposit Protection Scheme

Notification About Deposit Protection Scheme