FEES AND CHARGES

Fees and Charges

Fees and Charges

All fees and charges shown below are inclusive of GST (GST is levied where applicable, and revised from 6% to 0% effective
1 June 2018), except for those marked with #, as these are exempt supplies.

View all detailed fees and charges on one consolidated page here easily and conveniently.

Trade Finance and Services

Charges Applicable for Cross Border Trade Settlement

Type of Services Fees and Charges Cut off time for transaction to be processed*
1. IMPORT (purchase from non-resident)

1.1 Trade Time Loan (TTL)

  • Interest#
  • Cable
  • As per customers Facility Agreement
  • Min RM 35, Max RM 50 per swift
2:00 PM

1.2 Onshore Foreign Currency Loan (OSFCL)

  • Interest#
  • Cable
  • As per customers Facility Agreement
  • Min RM 35, Max RM 50 per swift
2:00 PM

1.3 Bankers Acceptance (BA)

  • Acceptance Commision#
  • Cable
  • As per customers Facility Agreement
  • Min RM 35, Max RM 50 per swift
2:00 PM

1.4 Inward Import Bill payment (under LC)

  • Commision in Lieu
  • Cable
  • Postage
  • Reimbursement Fee
  • Discrepancy Fee
  • Min RM 10, Max RM 50
  • Min RM 35, Max RM 50 per swift
  • RM 3
  • USD 100
  • USD 100
3:30 PM

1.5 Inward Collection Bill payment (non LC)

  • Collection Commision
  • Commision in Lieu
  • Cable
  • Postage
  • Min RM 50, Max RM 100
  • Min RM 10, Max RM 50
  • RM 35
  • RM 3
3:30 PM
2.0 EXPORT (sales to non-resident)

2.1 Bill Negotiation / Discounting

  • Interest#
  • Commision
  • Cable
  • Tracer
  • Postage
  • Commision in lieu
  • As per customers Facility Agreement
  • 0.1% of bill amount. Min RM 50, Max RM 100
  • RM 35 per swift
  • RM 35 flat
  • According to destination
  • RM 80 flat
3:30 PM

2.2 Export Bills for Collection

  • Commision
  • Commision in Lieu
  • Cable
  • Tracer
  • Postage
  • 0.1% of bill amount. Min RM50, Max RM100
  • RM 80 flat
  • RM 35 per swift
  • RM 35 flat
  • According to destination
3:30 PM

* subject to the submission of complete documents to the Trade window by the cut-off time, the transaction will be processed within the same day.

Note:

  • 1. Processing of payment is dependent on:
    • a. Availability of sufficient funds and/or credit facilities
    • b. Receipt of clear, complete and correct payment instruction and any applicable supporting document, where required.

TERMS and CONDITIONS governing Commercial Letter of Credit, Standby Letter of Credit and Guarantees, Bankers Acceptance, Time Loan and Bill Negotiation / Bill Discounting.

Representations and Warranties of Applicant. Applicant represents and warrants that:-

  • (a) it is validly existing under the laws of the jurisdiction in which it is organised,

  • (b) its execution, delivery and performance of this Agreement are within its powers, have been duly authorised, do not contravene any contract binding on or affecting it or any of its properties, do not violate any applicable law or regulation, and (except for any notice, filing or other action to or by any governmental authority disclosed to Citibank in writing on or prior to the date of the Application) do not require any notice, filing or other action to or by any governmental authority,

  • (c) This Agreement represents its legal, valid and binding obligations and enforceable in accordance with its terms;

  • (d) None of the Applicant nor any of its parents or subsidiaries, or any of their respective directors, officers or employees, or, to the knowledge of Applicant, after due and careful inquiry, any of their respective agents, Affiliates or representatives:-
    • (i) is a Sanctioned Person or conducts any business, activities or transactions of, with or involving a Sanctioned Person or a Sanctioned Jurisdiction;
    • (ii) will, directly or indirectly, use any part of any proceeds under this Agreement or lend, contribute or otherwise make available such proceeds: (a) to fund or facilitate any activities or business of or with any person that at the time of such funding or facilitation, is a Sanctioned Person, (b) to fund or facilitate any activities or business of or in any Sanctioned Jurisdiction, (c) in any manner that would result in a violation by any person of Sanctions, or (d) in violation of applicable law or regulation (including Anti-Corruption Laws and Anti-Money Laundering Laws);
    • (iii) will otherwise perform this Agreement, or any activities, transactions or services contemplated by this Agreement in any manner that would result in a violation by any person of Sanctions or in violation of any applicable law (including Anti-Corruption Laws and Anti-Money Laundering Laws) or regulation;

  • (e) Applicant and its parents and subsidiaries are conducting and will continue to conduct their respective operations and business (including its performance under this Agreement and any activities, transactions or services contemplated by this Agreement) in compliance with Anti-Money Laundering Laws and Anti-Corruption Laws;

  • (f) No action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving Applicant or any of its parents or subsidiaries with respect to Anti-Money Laundering Laws or Anti-Corruption Laws is pending or, to the knowledge of Applicant, threatened.

  • In the definition section of the terms and conditions, Sanctions, Sanctions Authority, Sanctioned Jurisdiction and Sanctioned Person will be defined as follows -


    “Sanctions” means economic, trade or financial sanctions, requirements, or embargoes imposed, administered, or enforced from time to time by any Sanctions Authority.

    “Sanctions Authority” means Malaysia (including Bank Negara Malaysia and the Strategic Trade Controller appointed pursuant to the Strategic Trade Act 2010 of Malaysia), the United States (U.S.) (including the Office of Foreign Assets Control of the U.S. Department of the Treasury and the U.S. Department of State), the United Kingdom (including Her Majesty’s Treasury), the European Union and any E.U. member state, the United Nations Security Council, and any other relevant sanctions authority.

    “Sanctioned Jurisdiction” means, at any time, a country or territory that is, or whose government is the subject of Sanctions.

    “Sanctioned Person” means, at any time, (a) any person listed in any Sanctions related list maintained by any Sanctions Authority, (b) any person located, organised, or resident in a Sanctions Jurisdiction, or (c) any other subject of Sanctions, including any person Controlled, directly or indirectly, by or acting for or on behalf of, or at the direction of, any such person or persons described in (a) or (b) herein.

    For the full terms and conditions of continuing Acceptance and Discount Agreement, click here

    For the full terms and conditions of continuing Agreement for Documentary Credits, click here

    For the full terms and conditions of continuing Agreement for Negotiations and Collections, click here

    For the full terms and conditions of continuing Agreement for Standby Letter of Credits, Guarantees, Bonds and other Credit Instruments, click here