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Bank Guarantee-i (BG-i)

Type of products / services

Fees & Charges

Cut-off time for transaction to be processed

Issuance and Amendment

0.6% up to max 2% per annum -

Minimum RM100*

(*Min RM200 for BG-i favouring Immigration)

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

Replacement of lost Bank Guarantee-i

RM100 flat

Bank Guarantee-i Claims

RM100 flat

Note:

For general charges, please refer to General Charges@Trade.

Quick Guarantee-i (QG-i)

Type of products / services Fees & Charges Cut-off time for transaction to be processed
Issuance & Amendment 1.8% per annum (including claim period) or minimum RM150 

Monday to Friday: 12:00 p.m. 

 

(*For same day issuance, you need to submit your application by 12:00 p.m. for collection by 4:00 p.m. Issuance is subject to you completing the application and getting the stamping of bank guarantee by yourself. It takes up to 3 working days for you to receive the stamped bank guarantee if you request the Bank to stamp the bank guarantee.)

Note:

For general charges, please refer to General Charges@Trade.

Standby Letter of Credit-i (SBLC-i)

Type of products / services

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

Note:

For general charges, please refer to General Charges@Trade.

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.