GENERAL CONDITIONS CORPORATE CUSTOMERS

Transcription

1 GENERAL CONDITIONS CORPORATE CUSTOMERS January 2017 CORPORATE & INVESTMENT BANKING / INVESTMENT SOLUTIONS & INSURANCE / SPECIALIZED FINANCIAL SERVICES

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3 FOREWORD This document summarises the tariffs that apply to the main banking transactions with corporate customers in the absence of any particular agreement signed with the client. Fee amounts are stated excluding taxes and accordingly, barring exceptions, VAT will need to be added at the rate applicable on the transaction date. This document is not closed and may be amended at any time. Any modification will be the object of disclosure under the conditions required by applicable laws and regulations. General Conditions Corporate Customers - Natixis / 3

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5 The creation of the Single Euro Payments Area (SEPA) is a vital step towards the European Union s vision of a domestic European market. SEPA is based on: a legal framework built up through European directives and regulations, the work done by the banking community within the European Payments Council (EPC) to create the Single Euro Payments Area (SEPA) by setting up a unique range of euro payment methods common to all EU members. LEGAL FRAMEWORK On 1 November 2009, Directive 2007/64/EC, referred to as the Payment Services Directive (PSD) has been transposed into French law, setting out the operating rules for the most important payment services: transfers, withdrawals, debit cards but no cheques, bills or financeable transactions, used within the European Economic Area (EEA) (1), in one of the currencies of the EEA. The main pricing consequence of the PSD is that unfavourable value days will no longer be calculated for DSP transactions or transactions denominated in an EEA currency. European regulation 924/2009 and 260/2012 ensure that the prices for transfers and direct debits are the same for domestic and crossborder transactions of the same type within the EEA, irrespective of the sum concerned. IMPACTS ON OUR SERVICES Details of our transfer services We offer the following types of transfers (described in terms of geographic area and currency): Domestic euro transfers A national treasury transfer is a euro transfer between two accounts both held in banks located in France. A SEPA transfer (SCT) is a euro transfer between two accounts both held in banks located in the SEPA zone (2), where both banks are SEPA members. These are transfers to third parties, are not urgent and require no special instructions. Charges are debited using the SEPA SLEV method only. European euro transfers European transfers are transfers in euro between two accounts held in banks located within the EEA country and for which SEPA cannot be applied due to a particular criterion (e.g nonreachable bank, treasury transfer ). International transfers International transfers are all other types of transfer: any currency transfer to any destination, or euro transfers outside the SEPA zone. Euro transfers to and from Switzerland and SCT that cannot be treated as such are also international transfers. Natixis can mandate an intermediary bank to handle final settlement of payment. This payment can be automatically converted by the intermediary bank if the beneficiary does not have an account in the same currency as the payment order. (1) EEA: Austria (EUR), Belgium (EUR), Bulgaria (BGN), Croatia (HRK), Cyprus (EUR), Denmark (DKK), Estonia (EUR), Finland (EUR), France (EUR), Germany (EUR), Greece (EUR), Guernsey (GBP), Hungary (HUF), Iceland (ISK), Ireland (EUR), Isle of Man (GBP), Italy (EUR), Jersey (GBP), Latvia (EUR), Liechtenstein (CHF), Lithuania (LTL), Luxembourg (EUR), Malta (EUR), Norway (NOK), Netherlands (EUR), Poland (PLN), Portugal (EUR), Romania (RON), United Kingdom (GBP), Slovakia (EUR), Slovenia (EUR), Spain (EUR), Sweden (SEK), Czech Republic (CZK). (2) SEPA: EEA + Switzerland + Monaco + Saint Marin General Conditions Corporate Customers - Natixis / 5

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7 CONTENTS Domestic / SEPA payment instruments 8 Domestic operations to the credit of the account 8 Domestic operations to the debit of the account 9 Management of creditor mandates 10 Sundry services 11 International trade 12 International operations to the credit of the account 12 International operations to the debit of the account 13 Trade/export transactions 14 Trade/import transactions 15 Trade/international guarantees 15 Banking communication channels 16 Order transmission services (customer bank) 16 Information feedback services (bank customer) 17 Portal (order transmission and information feedback) 18 Information services 18 Information feedback in paper form 19 Account management and operation 20 Cash flow management 20 Security services 21 Other services 22 Sundry services 23 Value dates for domestic payment instruments 24 Domestic transactions to the credit of the account 24 Domestic transactions to the debit of the account 24 Value dates for international payment instruments 25 International transactions to the credit of the account 25 International transactions to the debit of the account 25 General Conditions Corporate Customers - Natixis / 7

8 DOMESTIC / SEPA PAYMENT INSTRUMENTS Nature of the transaction Domestic operations to the credit of the account Cheque deposits 0.15 Incoming transfers Standard transfers 0.15 Bill collections Tele-transmitted bills Bills sent for acceptance per bill of exchange per collection batch per bill of exchange Discounting of bills 6.30 minimum charge per bill of exchange Issued direct debit / SDD Tele-transmitted direct debit per ordinary direct debit / SDD per collection batch Automatic representation of uncollected amounts Sepamail Rubis Creditor 0.76 per direct debit / SDD 8 / Natixis - General Conditions Corporate Customers

9 DOMESTIC / SEPA PAYMENT INSTRUMENTS Nature of the transaction Domestic operations to the debit of the account Cheque payments 0.25 Secure cheques Alphachèque, Gammachèque, Relevé de Chèques Payés Issue of bank or certified cheques Outgoing commercial transfers Paper Tele-transmitted instructions* including SCT Industrialised credit transfers Outgoing treasury transfers Paper Tele-transmitted instructions* by transfer by batch Standing orders 1.10 Specific transfers (IT, URSSAF, BT) Tele-transmitted instructions* 3.20 by transfer Early supplier payments FAE Bills payments Pre-advised maturity Non-advised payment instructions per maturity Direct debit payments / SDD 0.25 * EBICS, SWIFTNet, Internet General Conditions Corporate Customers - Natixis / 9

10 DOMESTIC / SEPA PAYMENT INSTRUMENTS Nature of the transaction Management of creditor mandates SEPA mandate management service and SDD creditor support 10 / Natixis - General Conditions Corporate Customers

11 DOMESTIC / SEPA PAYMENT INSTRUMENTS Nature of the transaction Sundry services Unpaid fees Transactions to the debit Charges for unpaid cheques Charges for unpaid cheques > Direct Debit /SDD * These flat fees cover the delinquent fees, preliminary notice letter, legal notice, issuance of a certificate of non-payment, hold funds fee and postage costs. Transactions to the credit Cheque Direct debits Bills Photocopy of cheques unless adequate provisions Cheque stop-payments per stop-payment instruction Mailing of cheque books by recorded post 7.70 Incidents involving bills Tracer, dispute, prorogation, change of domiciliation, non-return of acceptance, restitution of bills, etc. Manual instruction different from previous agreement in case of payment (except disagreement) per instruction General Conditions Corporate Customers - Natixis / 11

12 INTERNATIONAL TRADE Nature of the transaction (1) International operations to the credit of the account Incoming European transfers by transfer 0.15 Repatriation by repatriation Foreign exchange fee Additional instructions mini up to 75,000 then on a declining scale Non documentary collection Fee for clean collections 1 mini maxi Cheques collected under SBF procedure in EUR and other currencies Collection fee 1 mini maxi Unpaid cheques (1) To the above fees must be added payments by the bank of: - any fees and charges invoiced by our correspondents; - any costs in respect of postage, Swift, etc. incurred at your request. 12 / Natixis - General Conditions Corporate Customers

13 INTERNATIONAL TRADE Nature of the transaction (1) International operations to the debit of the account Outgoing European transfers by transfer Tele-transmitted instruction Surcharge for breach of STP (2) (Incorrect or missing BIC/IBAN, specific instructions) International transfers Administrative fee Transfer fee Tele-transmitted instruction Surcharge for breach of STP (2) (Incorrect or missing BIC/IBAN or bank details, specific instructions) Foreign exchange fee (if foreign exchange transaction) Payment orders for execution at distance mini mini up to 75,000 then on a declining scale up to 75,000 then on a declining scale Non documentary collections Fee for clean collection 1.5 mini maxi (1) To the above fees must be added payments by the bank of: - any fees and charges invoiced by our correspondents; - any costs in respect of postage, Swift, etc. incurred at your request. (2) Straight Through Processing (STP) is automated processing. General Conditions Corporate Customers - Natixis / 13

14 INTERNATIONAL TRADE Nature of the transaction (1) Trade / export transactions Documentary collection Exports Fee for Documentary collections 2 mini maxi Documentary credits Exports Notice fee Confirmation fee Fee for amending terms Fee for releasing documents Fee for acceptance or deferred payment Fee for transfer Payment fee Transfer with substitution of invoice Collection fee Fee for on-demand intervention mini mini mini mini mini up to 1.5 million thereafter depends on country when customer depends on country Trade Services Portal (1) To the above fees must be added payments by the bank of: - any fees and charges invoiced by our correspondents; - any costs in respect of postage, Swift, etc. incurred at your request. 14 / Natixis - General Conditions Corporate Customers

15 INTERNATIONAL TRADE Nature of the transaction (1) Trade / import transactions Documentary collection Imports Fee for documentary collection 2 mini maxi Documentary credits Imports Facility opening fee Irrevocable credit (quarterly rate) Fee for amending terms Fee for releasing documents Fee for acceptance or deferred payment Fee for on-demand intervention Fee for specific arrangements /8% mini to TRADE/International guarantees Guarantee project analysis fee Deep preparation Supplement for an urgent deed Supplement for a specific structure Amended fee Release request fee Signature authentification request fee Claim fee Commitment fee Trade Services Portal to to collected if instrument not actually drawn up + recovery of disbursements (1) To the above fees must be added payments by the bank of:- any fees and charges invoiced by our correspondents;- any costs in respect of postage, Swift, etc. incurred at your request. General Conditions Corporate Customers - Natixis / 15

16 BANKING COMMUNICATION CHANNELS Nature of the transaction (1) Electronic data interchange EBICS, SWIFTNet, Internet, etc. (PESIT, EBICS, SWIFTNet, FTPS, HTTP, SMTP*) (*) SMTP products are available only from the bank to the customer. Please for a complete list. Start-up charges Monthly subscription Natixis has put an indirect SWIFTNet connection at your disposal through its Planet Link Service Bureau. For more information, please. Order transmission services (customer bank) Outgoing service fee from to File exchanges for all payment instruments including for example: Collections of bills of exchange statement Transfer orders in euros Secure cheques Direct debit notices International collections Transfer requests at distance (RTF) FIN messaging (SWIFTNet) MT 101 per month per product Declining scale tariffs applied if several products (1) Tariffs applicable to each account. 16 / Natixis - General Conditions Corporate Customers

17 BANKING COMMUNICATION CHANNELS Nature of the transaction (1) Information feedback services (bank customer) Start-up charges by service Incoming service fee File exchanges for all payment instruments including for example: Domestic from to Daily account statements Daily expanded account statements Daily bills of exchange statements Daily statements of unpaid amounts (transfers, direct debits, bills of exchange statement, etc.) over 1,000 recordings 0.07 International from to International statement Expanded international statements Monthly statements of import documentary credits International transaction notices over 500 recordings 0.07 FIN messaging (SWIFTNet) MT per month per product per recording per month per product per recording per month Declining scale tariffs applied if several products (1) Tariffs applicable to each account. General Conditions Corporate Customers - Natixis / 17

18 BANKING COMMUNICATION CHANNELS Nature of the transaction (1) Portal (order transmission and information feedback) Start-up charges per service paid once Screen access to accounts Screen access to notices Consolidated accounts (all banks) Making e-documents available Screen access and transmission of orders for mutual funds per month per month per month Trade Services Portal Domestic and international transfer Signature and monitoring of tele-transmitted files File transfer, signature and monitoring per month per month per month Flat rate for several services Information services (to third-party bank) Start-up charges paid once Service fee Swift account statements per month (1) Tariffs applicable to each account. 18 / Natixis - General Conditions Corporate Customers

19 INFORMATION FEEDBACK IN PAPER FORM Nature of the transaction (1) Account statements Every 10 days Other frequencies Monthly statement of forward exchange portfolio free of charge free of charge Monthly statement of guarantees and similar commitments per month (1) Tariffs applicable to each account. General Conditions Corporate Customers - Natixis / 19

20 ACCOUNT MANAGEMENT AND OPERATION Nature of the transaction Account administration fee Movement fee 0.6 to 2.0 monthly quarterly applied to debit entries to the account fee collected at end of each account period Debtor interest Creditor interest Overdraft fee 0.6 calculated by reference to maximum level of overdraft Account closing CASH FLOW MANAGEMENT Natixis has put a complete range of cash flow management solutions at your disposal ; these solutions allow to: optimise your information reporting, cash centralisation and investments to manage your commercial and treasury flows actively with a domestic and international footprint. Our cash centralisation solutions can be carried out within the BPCE group in France and through our network of international banking partners. A team of specialists can support you to suggest a solution that is adapted to your business needs and to provide monitoring of your daily operations. For further information, please. 20 / Natixis - General Conditions Corporate Customers

21 SECURITY SERVICES Nature of the transaction Digital certificates Gold V3 3SKey Data transmission security MyControls General Conditions Corporate Customers - Natixis / 21

22 OTHER SERVICES Nature of the transaction Bank Security / France guarantees Draft instrument Drawing-up instrument Supplement for urgent instrument Supplement for complex instrument Fee for amendment Release request charges Claim fee Commitment fee to collected if instrument not actually drawn up + recovery of disbursements Trade Services Portal Simplified receivable financing procedures ( Dailly procedures) Fee per slip Fee per invoice Fee for notification Fee for notification with acceptance per receivable per receivable 22 / Natixis - General Conditions Corporate Customers

23 SUNDRY SERVICES Nature of the transaction Services related to the provision of information Requests for commercial data France outside France Information requests by the auditors Information requests less than 3 months over 3 months Information on guarantee Particular transactions Sequester of bank account and sequester of marketable securities Stop-payments by the administration Avis, opposition, saisie, à tiers détenteur 10% of the amount due ( ceiling) Guarantee deposit Other Sundry declarations Carriage and postage depends on nature and country Closing fee General Conditions Corporate Customers - Natixis / 23

24 VALUE DATES FOR DOMESTIC PAYMENT INSTRUMENTS Nature of the transaction Value dates Domestic transactions to the credit of the account Cheques paid-in At our branches Elsewhere (except TOM) paid-in before 12 a.m. at one of our branches Date of receipt + 1 working day Date of receipt + 1 working day Bills of exchange presented for collection (bills statement/simplified receivable financing procedure) (presented on a timely basis) END or SBF collection 4 calendar days after maturity (eventually postponed) Discounting of bills next working day following receipt Domestic transactions to the debit of the account Cheque payments Issue of bank or certified cheques Bills of exchange presented for payment (bills statement/simplified receivable financing procedure) date of presentation - 1 working day date of issue - 1 working day Date of maturity or settlement - 1 calendar day 24 / Natixis - General Conditions Corporate Customers

25 VALUE DATES FOR INTERNATIONAL PAYMENT INSTRUMENTS Nature of the transaction Value dates International transactions to the credit of the account Account credit without assignment Euros or EEA currencies Other currencies Account credit with assignment Cheques presented for collection Cheques in euros payable abroad Cheques in foreign currencies on country of the currency on other country availability date (working day) availability date 2 working days after Market value date starts on date of reception if transmitted to processing centre before 10 a.m. 10 working days 5 working days including euro for in zone 10 working days Simple and documentary collections - Exports / Documentary credits - Exports Value Euros Other currencies next working day after date funds made available 2 working days after sale of currencies on the Market International transactions to the debit of the account Account debit Euros or EEA currencies Without assignment With assignment Account debit in other currencies day transaction is executed 2 working days after Market calendar day before transaction is executed Simple and documentary collections - Imports / Documentary credits - Imports Value Euros Other currencies day preceding payment day preceding purchase of currencies General Conditions Corporate Customers - Natixis / 25

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28 30, avenue Pierre Mendès France Paris Tel: This presentation is provided for information purposes only. The document and its contents are the property of Natixis and should not be redistributed to third parties without the prior written consent of Natixis. Natixis makes no representation that the information contained herein is complete, accurate or up to date. The information contained in this presentation is not intended to be updated after the date of initial distribution. It is not updated in real time but at the date of publication of the document mentioned on the last page. It should not be construed as an offer or solicitation with respect to the purchase, sale or subscription of any interest or security or as an undertaking by Natixis to complete any transaction. Any guarantee, funding, underwriting or more generally any potential undertaking by Natixis would be treated as preliminary only and would be subject to a formal approval and written confirmation in accordance with Natixis current internal procedures. In all circumstances, it is your responsibility to obtain internal and external advice that you would deem necessary or advisable including that of legal counsel, tax consultants, accountants, financial advisors and any other specialist to verify that the transactions you would like to carry out are compatible with your objectives and constraints. Furthermore, it is your responsibility to seek an independent assessment of the transactions you would like to carry out to ensure you understand their underlying merits and risk factors. The distribution, possession or delivery of this document in, to or from certain jurisdictions may be restricted or prohibited by law. Recipients of this document are therefore required to ensure that they are aware of, and comply with, such restrictions or prohibitions. Neither Natixis nor any of its affiliates, legal representatives, directors, employees, agents or advisors shall be held liable to any person in relation to the distribution, possession or delivery of this document in, to or from any jurisdiction. Natixis is supervised by the European Central Bank (ECB). Natixis is authorised in France by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) as a Bank Investment Services Provider and subject to its supervision. Natixis is regulated by the Autorité des marches financiers (AMF) in respect of its investment services activities. In the UK, Natixis is authorised by ACPR and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Natixis is authorised by the ACPR and regulated by the BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) for the conduct of its business under the right of establishment in Germany. Natixis is authorised by the ACPR and regulated by Bank of Spain and the CNMV for the conduct of its business under the right of establishment in Spain. Natixis is authorised by the ACPR and regulated by Bank of Italy and the CONSOB (Commissione Nazionale per le Società e la Borsa) for the conduct of its business under the right of establishment in Italy. In the United States, Natixis is a National Futures Association (NFA) member and has filed its Swap Dealer registration per the Commodity Futures Trading Commission (CFTC) regulations. Natixis Securities Americas LLC is a U.S. registered-broker dealer and a member of the Financial Industry Regulatory Authority (FINRA). The Natixis New York Branch is a New York licensed branch of Natixis, subject to the oversight of the New York State Department of Financial Services (NYDFS) and the Federal Reserve Bank of New York (FRB). Natixis is authorised by the ACPR and regulated by the Dubai Financial Services Authority (DFSA) for the conduct of its business in and from the Dubai International Financial Centre (DIFC). The document is being made available to the recipient with the understanding that it meets the DFSA definition of a Professional Client; the recipient is otherwise required to inform Natixis if this is not the case and return the document. The recipient also acknowledges and understands that neither the document nor its contents have been approved, licensed by or registered with any regulatory body or governmental agency in the GCC or Lebanon. Natixis Japan Securities Co., Ltd. is a financial instruments firm (Director General of Kanto Local Finance Bureau (Kinsho) 2527) and is supervised by Financial Services Agency. In Australia, Natixis Australia Pty Ltd ( NAPL ) is registered with the Australian Securities & Investments Commission and holds and Australian Financial Services License (No ) which enables NAPL to conduct its business in Australia with wholesale clients. This document is distributed in Singapore by Natixis Singapore branch, which is regulated by the Monetary Authority of Singapore. This document is intended solely for distribution to Data Institutional provided Investors, in this document Accredited is for Investors information and Expert purposes Investors only. The as information defined Section in this 4A document of the Securities should in no and event Futures be interpreted Act of Singapore. as a solicitation Natixis Bank of business, (ZAO) was recommendation, licensed and is supervised product or service offering, by the Central or invitation Bank of to Russia. invest in Details Natixis about or any the other extent company of our regulation referred hereto. by the Natixis competent is authorised authorities in France are available by the Autorité from us upon de contrôle request. prudentiel (ACP) as a Bank Investment Services Provider and subject to its supervision. Natixis is regulated by the AMF in respect of its investment services activities. Non binding document Natixis 11/ Shutterstock.com