Our strong credit standing can enhance your own credit standing.
With a guarantee of payment, you can negotiate better terms and conditions in your trade agreement.
Enjoy the certainty of getting paid if your trading partner defaults on your agreement.
Applicable for all customers with a Standby Letter of Credit-i requirement
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 |