Fees and Charges > Trade Product and Services

Trade Financing : Accepted Bills-i (AB-i)

 
Onshore

Subject

Charges

Rate / Amount

1.   As per transaction
Direct Invoice Financing Commission RM100.00 flat on bill amount less than RM500,000.00

No commission imposed for bill amount more than RM500,000.00

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 (AB-i Purchase) Handling fee RM50.00 flat
5.   Payment    
Local 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