B) IBC Handling Commission: |
IBC Payment commission |
1/6% Min. AED 500/- plus SWIFT charges |
IBC Acceptance commission |
1/6% Min. AED 500/- plus SWIFT charges |
IBC Documents transferred to another bank |
1/6% Min. AED 500/- plus courier charges |
IBC Documents returned unpaid / unaccepted |
1/6% Min. AED 500/- plus courier charges |
IBC Documents released free of payment |
1/6% Min. AED 500/- |
Avalization of drafts |
1/6% per month (Min. 3 months) with minimum commission AED 500/- plus SWIFT charges |
Amendment to Inward bills for collection |
1/6% additional commission on increased amount (if any) Min. AED 500/- other amendments AED 500/- 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 500/- |
IBC Documents safe custody fees (Held unpaid after one month of receipt / Accepted / Due date) |
AED 500/- per month |
Outward Documentary Bills for collection charges |
D) OBC - Fees & 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 300/- other amendments AED 200/- Plus courier & SWIFT charges |
Handling fee for OBC Documents returned unpaid |
AED 500/- Plus collecting bank charges (if any) |
Advising fee for OBC Acceptance |
AED 200/- |
E) IBC & OBC Related MISC. Charges |
Courier charges - Local |
AED 100/- |
Courier charges - International |
AED 250/- |
SWIFT Charges - Local |
AED 200/- (Charges merged for Local & International) |
SWIFT Charges - International |
Reminder charges - Local |
AED 100/- per reminder - plus courier / fax charges (charged merged for Local and International) |
Reminder charges - International |
Fax charges - Local |
AED 100/- (Charges merged for Local and International) |
Fax charges - International |
Export- Letter of Credit Charges |
|
A) EXPORT LC Advising Fee: |
Advising of LC to customer |
AED 400/- |
|
Advising of LC to non customer |
AED 500/- |
|
Advising LC Amendment to customer |
AED 300/- |
|
Advising LC Amendment to non customer |
AED 400/- |
|
B) EXPORT Processing charges |
Expo LC Confirmation |
Applicable commission as per arrangement with customer in consideration of Bank / Country risk withrt LC confirmation minimum commission AED 500/- |
Export documents negotiation / Handling commission |
1/4% Min. AED 500/- |
Export bill discounting |
1/4% Min. AED 500/- |
Export documents scrutiny fee for customer |
AED 400/- per presentation |
Export documents scrutiny fee for non customer |
AED 500/- per presentation |
Payment of other bank's reimbursement claim |
AED 500/- per reimbursement |
E) 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 Increase amount (if any) Min. AED 500/- Other amendment AED 500/- 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 - Local |
AED 200/- (Charges merged for local & international) |
SWIFT Charges - International |
AED 200/- (Charges merged for local & international) |
Reminder Charges - Local |
AED100/- per reminder - Plus courier / fax charges (Charges merged for local & international) |
Reminder Charges - International |
AED100/- per reminder - Plus courier / fax charges (Charges merged for local & international) |
Fax chargers - Local |
AED 100/- (Charges merged for local & international) |
Fax chargers - International |
AED 100/- (Charges merged for local & international) |
Letter of Guarantee Charges |
|
A) LG Issuance Commissions: |
Commission on issuance of Contract Finance Guarantees (Bid Bonds, Performance Bonds, Advance Payment, Retention ) |
2.5% per anum. (Min. 3 months) with minimum commission per LG AED 500/- |
Commission on issuance of Open Ended LGs |
3% per anum. (Min. 3 months) with minimum commission per LG AED 500/- |
Commission on Issuance of Financial LGs - Fixed maturity |
3% per anum. (Min. 3 months) with minimum commission per LG AED 500/- |
Commission on Issuance of Financial LGs - Open Ended |
3.50% per anum. (Min. 3 months) with minimum commission per LG AED 500/- |
Commission on Issuance of LGs against 100% (Not partially) Cash Margin |
80% commission as per above mentioned rates with minimum commission per LG AED 500/- |
Commission on Issuance of LGs against 100% (Not partially) Cash Collateral |
90% commission as per above mentioned rates with minimum commission per LG AED 500/- |
Commission on Issuance of LGs (Other Guarantees not mentioned above including Labour Guarantee) |
3% Per anum. (Min., 3 months) with minimum commission per LG AED 500/- |
Note: Above commission fees are applicable only for online submission of Letter of Guarantees forms through CBD iBusiness Online Banking. In case of manual submissions forms for any type of Letter of Guarantees through CBD Branches, the Bank will charge additional 1.50% over and above mentioned LGs commission fees. |
B) LG Amendment Commission: |
Amendment commission for increse in LG amount |
Additional commission charged on increased amount same as LG opening commission with minimum commission per amendment AED 500/- Plus Fax / SWIFT/ Courier charges |
Amendment commission for extension in expiry datet |
Additional commission charged on extended period same as LG opening commission with minimum 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 others Charges |
For international issuance |
LG Issuance Commission as above plus additional fee AED 500/- 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 |
1/4% Flat, min 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 200/- (Charges merged for local & international) |
Reminder charges |
AED 100/- per reminder - plus courier / fax charges (charges merged for local & international) |
Fax charges |
AED 100/- (charges merged for local & international) |
Miscellaneous Charges |
|
Retrieval of Old Records |
Less than 3 months |
AED 20 Per page |
Upto 6 months old |
AED 50 Per page |
6 months to 3 years old |
AED 100 Per page |
Over 3 years |
AED 200 Per page |
Bill Discounting / Revolving Loans |
Loan against bills discounting (LBD & FBD) |
0.250% 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 300 per item |
Loan against invoice - pre sales (for payments to suppliers) |
0.250% flat per item min. AED 300 |
All other revolving loans (LPP, LPO, LAI, Post Sales etc.) |
0.250% flat per item min. AED 300 |
Extension of all revolving loans |
AED 500 flat per extension along with 2% p.a. additional interest rate for the extended period |
Early settlement of all revolving loans |
AED 300 per settlement |