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.
Give your trading partner the certainty of getting paid if you default on your agreement.
Applicable for all customers with a Stanby Letter of Credit 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 - 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 |