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MY - EN

Features & Benefits

Assurance
Better Trade Terms
Certainty

Eligibility

Applicable for all customers with a Standby Letter of Credit-i requirement

Fees and Charges

Type of Product/Service

Fees & Charges

Cut-off time for transaction to be processed

Issuance and Amendment involving increase in amount and/or extension of expiry date

0.1% per month or part thereof - Minimum RM100

Monday to Friday: 4:00 p.m. same day


It is estimated that funds will be credited by the receiving Bank on the next business day.

Amendments - Others

RM50 flat

Acceptance

0.1% per month or part thereof - Minimum RM100

Cancellation prior to expiry date

RM100 flat

Document discrepancy fee

RM denominated Documentary Credit-i - RM50 flat ; FCY denominated Documentary Credit-i - USD50 flat

With effect from 1 October 2025, the above fees/ charges will be subject to Service Tax at the rate of 8% or any prevailing rate that may be set by the Malaysian Government from time to time and are to be paid by you unless specifically exempted.

 

Financial services products that relate to subject matter, goods or land situated outside Malaysia or is related to export of goods (exported out of Malaysia), are excluded from Service Tax.

 

For more details, please refer to CIMB website for FAQ on SST (“Sales and Service Tax”). Please note that only Service Tax applies to financial services.

For General Charges, please refer to General Charges@Trade

 

Note: CIMB Islamic Bank Berhad reserves the right to vary the fees and charges stated above with prior notice or as agreed with the customer in the Letter of Offer.