| 1. Issuance |
| Performance SBLC |
Commission |
0.6% – 2.0% p.a.
Min : RM50.00 |
| Financial SBLC |
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 = SBLC-i value
r = Commission rate charged (as determined in LO)
t = Period of SBLC (no of days or part thereof) |
| 2. Amendment |
| a. Extension of period |
Commission |
Rate as per LO of SBLC
Min: RM50.00 |
Note:
Commission will be charged for the extended contract period only.
Commission formula: = FV x r x t / 36500
Where,
FV = SBLC-i value
r = Commission rate charged (as determined in LO)
t = Period of SBLC (no of days or part thereof) |
| b. Increase in amount |
Commission |
Rate as per LO of SBLC
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 = SBLC-i value
r = Commission rate charged (as determined in LO)
t = Period of SBLC (no of days or part thereof) |
| c. Amount increase and extension of expiry date |
Commission |
Rate as per LO of SBLC
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 = SBLC-i value
r = Commission rate charged (as determined in LO)
t = Period of SBLC (no of days or part thereof) |
| d. Amount decrease and extension of expiry date |
Commission |
Rate as per LO of SBLC
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 = SBLC-i value
r = Commission rate charged (as determined in LO)
t = Period of SBLC (no of days or part thereof) |
| e. Amount increase and shorten of expiry date |
Commission |
Rate as per LO of SBLC
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 = SBLC-i value
r = Commission rate charged (as determined in LO)
t = Period of SBLC (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. Stamping SBLC Format (by Mail) |
| Stamp Duty |
Issuance |
RM10.00 |
| |
Amendment |
RM10.00 |
| 5. Replacement of Lost SBLC |
Other charges (including out of pocket expenses) |
RM50.00 flat |
| 6. Non-Standard Format |
Handling fee |
RM150.00 flat rate |
| 7. Confirmation SBLC |
Other Charges |
RM5.00 flat |
| 8. 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 |
| 9. Mailing Charges |
| Local |
Postage |
Actual direct cost incurred |
| |
Courier |
Actual direct cost incurred |
| Foreign |
Courier |
Actual direct cost incurred |
| 10. Non-Payment of SBLC 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
|
| 11. 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
|
