Fees and Charges > Trade Product and Services

Guarantee-i : Bank Guarantee-i (BG-i)

 
Onshore

Subject

Charges

Rate / Amount
1.   (a) Issuance of BG Facility
Performance Guarantee Commission 0.6% – 2.0% p.a.
Min : RM50.00
Financial Guarantee Commission 0.75% – 2.25% p.a.
Min : RM50.00
Note:

  • Basis of commission rate as determined in Letter of Offer (LO)
  • Any deviation to minimum charges, RM50.00 standard charge will be applied

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
1.   (b) Issuance of EzBG
Performance Guarantee Commission Rates as at 1.5% p.a. of the BG amount or RM300.00 whichever is higher.
Financial Guarantee Commission Rate as at 1.75% p.a. of the BG amount or RM300.00 whichever is higher.
Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
2.   Amendment
a. Extension of period Commission Rate as per LO of BG Facility / EzBG Program

Min: RM50.00
Note:
Commission will be charged for the extended contract period only.

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
b. Increase in amount Commission Rate as per LO of BG Facility / EzBG Program

Min: RM50.00
Note:
Commission will be charged for the amendment date till the expiry date only.

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
c. Amount increase and extension of expiry date Commission Rate as per LO of BG Facility / EzBG Program

Min: RM50.00
Note:
As per commission formula calculated based on new amount from the extension date to the new expiry date

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
d. Amount decrease and extension of expiry date Commission Rate as per LO of BG Facility / EzBG Program

Min: RM50.00
Note:
As per commission formula calculated based on new amount (decrease amount) from the extension date to the new expiry date.

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
e. Amount increase and shorten of expiry date Commission Rate as per LO of BG Facility / EzBG Program

Min: RM50.00
Note:
As per commission formula calculated based on new amount and reducing of tenor from the new expiry date.

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
f. Only changes in particular other than period and
amount		 Commission RM50.00 per request
g. Reduction in tenor and amount Commission RM50.00 per request
3.   SWIFT
Issuance SWIFT MT760 RM60.00
Amendment SWIFT MT767 RM50.00
Others SWIFT MT799 etc Malaysia (Local): RM25.00
Outside (Foreign): RM50.00
4.   Letter of Indemnity
Stamp Duty Sign by applicant RM10.00
  Signed by applicant and third party as a guarantor (if signed
on the same LI)		 RM10.00
5.   Stamping of BG-i Format    
Stamp Duty Issuance RM10.00
  Amendment RM10.00
  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.   Replacement of Lost Guarantee Other charges (including out of pocket expenses) RM50.00 flat
7.   Non-Standard Format Handling fee RM150.00 flat rate
8.   Confirmation BG Other Charges RM5.00 flat
9.   Payment RENTAS RM2.00 per RENTAS application
  Interbank GIRO (IBG) RM0.10 per IBG application
  Banker’s Cheque (BC) Stamp Duty RM1.00
Processing Fee RM0.50
10.   Mailing Charges
Local Postage Actual direct cost incurred
  Courier Actual direct cost incurred
Foreign Courier Actual direct cost incurred
11.   Non-Payment of BG Claims 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
12.   Others
Local 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.   Issuance of BG Facility
Performance Guarantee Commission 0.6% – 2.0% p.a.
Min: USD50.00
Financial Guarantee Commission 0.75% – 2.25% p.a.
Min: USD50.00
Note:

  • Basis of commission rate as determined as per Letter of Offer LO)
  • Any deviation to minimum charges, USD50.00 standard charge will be applied

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
2.   Amendment
a. Extension of period Commission Rate as per LO of BG Facility

Min: USD50.00
Note:
Commission will be charged for the extended contract period only.

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
b. Increase in amount Commission Rate as per LO of BG FacilitY

Min: USD50.00
Note:
Commission will be charged for the amendment date till the expiry date only.

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
c. Amount increase and extension of expiry date Commission Rate as per LO of BG Facility

Min: USD50.00
Note:
As per commission formula calculated based on new amount from the extension date to the new expiry date

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
d. Amount decrease and extension of expiry date Commission Rate as per LO of BG Facility

Min: USD50.00
Note:
As per commission formula calculated based on new amount (decrease amount) from the extension date to the new expiry date.

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
e. Amount increase and shorten of expiry date Commission Rate as per LO of BG Facility

Min: USD50.00
Note:
As per commission formula calculated based on new amount and reducing of tenor from the new expiry date.

Commission formula: = FV x r x t / 36500

Where,
FV = BG-i value
r = Commission rate charged (as determined in LO)
t = Period of guarantee (no of days or part thereof)
f. Only changes in particular other than period and
amount		 Commission USD50.00 per request
g. Reduction in tenor and amount Commission USD50.00 per request
3.   SWIFT
Issuance SWIFT MT760 USD60.00
Amendment SWIFT MT767 USD50.00
Others SWIFT MT799 etc Malaysia (Local): USD25.00
Outside (Foreign): USD50.00
4.   Replacement of Lost Guarantee Other charges (including out of pocket expenses) USD50.00 flat
5.   Non-Standard Format Handling fee USD150.00 flat rate
6.   Mailing Charges
Local Postage Actual direct cost incurred
  Courier Actual direct cost incurred
Foreign Courier Actual direct cost incurred
7.   Non-Payment of BG Claims 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
8.   Others
Local 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