Fees and Charges > Trade Product and Services

Trade Financing : Trade Working Capital Financing-i (TWCF-i)

 
Onshore

Subject

Charges

Rate / Amount

1.   As per transaction
Direct Invoice Financing Commission 0.1% flat on the bill amount with:

Local Currency:
Min : RM50.00
Max : RM500.00

Foreign Currency:
Min : RM50.00
Max : RM100.00

Splitting/Bunching Invoices Commission RM50.00 flat for submission of 5 and more invoices per transaction or splitting to more than 1 transaction on same invoice
2.   Contract Notes Stamp duty RM10.00
3.   Letter of Indemnity Stamp duty RM10.00
4.   Bills drawn under LC (TWCF-i LC) Handling fee RM50.00 flat
5.   Payment SWIFT Malaysia (Local): RM25.00
Outside (Foreign): RM50.00
  RENTAS RM2.00 per RENTAS application
  Interbank GIRO RM0.10 per IBG application
  Banker’s Cheque Stamp duty RM1.00
Processing Fee RM0.50
6.   Overdue Bills Ta’widh As per Ta’widh calculation

Ta’widh formula = FV x r x t / 36500

Where,

FV = outstanding overdue amount (outstanding amount = cost + profit overdue)

r = IIMM rate (Islamic Interbank Money Market)

t = no of days due from the original maturity date

7.   Others Postage Actual direct cost Incurred
  Courier Actual direct cost Incurred
  Fax / Photocopy RM1.00 for the 1st 5 copies, subsequent pages, RM0.10 per copy up to max 100 copies
Other direct cost Out of pocket expenses Actual direct cost Incurred
 
Offshore

Subject

Charges

Rate / Amount

1.   As per transaction
Direct Invoice Financing Commission 0.1% flat on the bill amount with:

Local Currency:
Min: USD50.00
Max: USD500.00

Foreign Currency:
Min: USD50.00
Max: USD100.00

Splitting/Bunching Invoices Commission USD50.00 flat for submission of 5 and more invoices per transaction or splitting to more than 1 transaction
on same invoice
2.   Bills drawn under LC (TWCF-i LC) Handling fee USD50.00 flat
3.   Payment SWIFT USD25.00
4.   Other Charges Postage Actual direct cost Incurred
  Courier Actual direct cost Incurred
  Fax / Photocopy USD1.00 for the 1st 5 copies, subsequent pages, USD0.10 per
copy up to max 100 copies
Other direct cost Out of pocket expenses Actual direct cost Incurred
5.   Overdue Bills Ta’widh As per Ta’widh calculation

Ta’widh formula = FV x r x t / 36500

Where,

FV = outstanding overdue amount (outstanding amount = cost + profit overdue)

r = IIMM rate (Islamic Interbank Money Market)

t = no of days due from the original maturity date