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MY - EN

Features & Benefits

Assurance
Better Trade Terms
Certainty

Eligibility

Applicable for all customers with a Standby Letter of Credit 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 - Min RM100
Cancellation prior to expiry date RM100 flat
Documents Discrepancy Fee

RM denominated Documentary Credit - RM50 flat

 

FCY denominated Documentary Credit - USD50 flat or equivalent

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 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.