Type of L/C |
Typical charges |
Import and domestic
|
1/8 of 1 percent of transaction with a minimum of $75 to $100.
Amendments: 1/8 of 1 percent flat, minimum $70.
Payment fee: 1/4 of 1 percent flat, minimum $90 per draft.
Acceptance fee: per annum (360-day) basis, minimum $75 for each draft accepted.
Discrepancy fee: $40.
|
| Export |
Advising: $60.
Confirmation: subject to country risk conditions, minimum $75.
Amendments: $55.
Assignments of proceeds/transfers: 1/8 of 1 percent of transaction, minimum $75.
Discrepancy fee: $45.
Payment/negotiation: 1/10 of 1 percent, minimum $85 to $95.
|
| Standby |
Issuance fee: an annual percentage (360 day basis) based on credit risk considerations, minimum $250.
Amendment: risk-related fee, minimum $250.
Payment fee: 1/4 of 1 percent flat, minimum $90 per draft.
|
| Collections-documentary |
Incoming: sight, $75; time, $95.
Outgoing: sight, $75; time, $95. |
Note: The data are just for your reference
|