Commercial Banking Tariff Global Liquidity and Cash Management. 30 June 2017 (V.11)

Transcription

1 Commercial Banking Tariff Global Liquidity and Cash Management 30 June 2017 (V.11)

2 Welcome HSBC Commercial Banking HSBC Commercial Banking operates in 54 countries and territories, covering the developed and developing markets that matter most to our customers. Through our teams of relationship managers we connect businesses to opportunities, helping them to thrive and grow. Global Liquidity and Cash Management gives businesses greater control over their cash and collections, and helps them to manage their liquidity efficiently. We strive our best to offer unique products, customized solutions and seamless processing of transactions. Our e- banking platforms enable customers to make seamless payments between countries and currencies. We work with a wide range of customers, from mid-market companies and large multinationals, providing them with the tools they need to function efficiently. We also believe that our customers are the center of everything we do, and we endeavor to keep our customers conversant with our offerings and guidelines. Here is our latest pricing guide. This is to ensure you have a complete knowledge of our applicable tariff. Let us assure you that we have in place systems to deliver a quality assured and unmatched service which is consistent, reliable and conforms to international standards of quality.

3 For HSBC Sri Lanka Commercial Banking Customers 30 June 2017 The charges in this booklet are for reference only and remain subject to change. The charges are applicable only to accounts maintained in Sri Lanka with The Hongkong and Shanghai Banking Corporation Limited, Sri Lanka which reserves the right to introduce charges from time to time that may not be included in this booklet. In addition, please note the following: 1. Foreign currency account charges listed in Sri Lankan Rupees are payable in the appropriate foreign currency at the equivalent amount. 2. Payment of foreign currency notes is subject to availability. 3. The charges for remittances do not include any charges that may be imposed by banks overseas. 4. The Bank reserves the right to change, modify or add to the Bank s tariff of charges with prior notice. 5. For charges which are not mentioned in this guide, please contact our branches or your Relationship Manager for details. 6. Transactions processed electronically often incur lower charges than those processed manually on paper. If you have any questions or disagreements about the charges listed in this guide. Please contact your respective corporate relationship manager or client service manager. Page 2

4 Content A. GENERAL SERVICES... 4 B. ACCOUNT SERVICES... 5 B1 CURRENT ACCOUNT SERVICES... 5 B2 DEPOSIT ACCOUNT SERVICES... 5 C. PAYMENT SERVICES... 6 C1. INWARD REMITTANCES... 6 C2 OUTWARD REMITTANCES... 7 D. GLOBAL LIQUIDITY & CASH MANAGEMENT... 8 D1 DELIVERY MANAGEMENT SOLUTIONS... 8 D2 PAYMENT MANAGEMENT SOLUTIONS... 9 D3 COLLECTION MANAGEMENT SOLUTIONS D4 LIQUIDITY MANAGEMENT SOLUTIONS D5 HSBC WORLD CORPORATE MASTERCARD Page 3

5 A. GENERAL SERVICES Current Fee/s Item Cashier s orders Same day (on the spot) Rs. 700 Next working day Rs. 500 Request for Sri Lankan Rupee cashier's order through HSBCnet Rs. 300 Sri Lanka Interbank Payment System (SLIPS) Request made at branches Rs. 50 Request made via HSBCnet Rs. 25 Real Time Gross Settlement (RTGS) -Same day value Request made at branches Rs. 1,000 Request made via HSBCnet Rs. 750 Fund transfers between accounts within HSBC (Sri Lanka) Internal Transfer initiated by letter Rs. 300 Internal Transfer initiated by automated services Free of charge Standing instructions Establishment Fee Rs. 500 Fund transfers between accounts within HSBC Sri Lanka (per transaction) Free of charge Payment by a cashier's order (per transaction)* Rs. 500 Payment to local banks via SLIPS (per transaction)** Rs. 50 *Postage costs will be charged as incurred Investigation charge - on account transactions within calendar year (per transaction) Rs on account transactions before calendar year (per transaction) Rs on SLIPS payments Rs. 600 Request for copies of statements/cheques Copies of preceding month's statements/cheques Rs. 100 Copies of statement/cheques relating to previous 12 months (per statement) Rs. 200 Copies of statement/cheques relating to years (per statement) Rs. 300 Page 4

6 B. ACCOUNT SERVICES Item Current Fee/s B1 Current Account Services Cheque issuing costs - Cheque book costs (per leaf) Rs. 12 Cheques sent on clearing Free of charge Collection of a non-clearing item (e.g. a non MICR cheques) Rs. 200 Cheques drawn on HSBC marked for payment Rs. 1,500 Returned cheques -Returned cheques due to insufficient funds Rs. 2,000 -Returned cheques due to other reasons Rs. 300 Cheque deposit returns handling charge Rs. 300 Stop payment order To stop payment on each or a series of cheque(s) in sequential order issued by the account holder Rs. 1,000 (Max. Rs.2,000) B2 Deposit Account Services Interest payment to accounts with other banks (Postage costs will be charged as incurred) Premature withdrawals (Interest differential will be recovered, if any) Account closure Handling charge (closure of a saving account within 6 months of the date of opening) Rs. 500 Rs. 3,000 Page 5

7 C. PAYMENT SERVICES Current Fee/s Item C1. Inward Remittances Payments of foreign currency demand drafts (Issued only up to 30 November 2017) Proceeds credited to an account with HSBC - LKR account Rs. 700 Proceeds credited to a foreign currency account USD 6 Note: Drafts deposited to a foreign currency account will incur discount charges representing transit interest Clean bills drawn on local bank sent for collection Credited to a Sri Lankan Rupee account Rs. 700 Credited to a foreign currency account USD 6 Clean bills drawn on Overseas bank sent for collection Credited to a Sri Lankan Rupee account Rs. 700 Credited to a foreign currency account USD 6 Charge on cheque returned USD 20 + Corr. Bank charges Telegraphic transfer (payments will be made at TT Buying rate) To a Sri Lankan Rupee account Rs. 700 To a foreign currency account USD 6 Calling for funds from HSBC group offices Request by HSBC Sri Lanka on behalf of an HSBC customer of another Group office where the customer maintains accounts Deposit to a Sri Lankan Rupee account Rs. 4,000 Deposit to a foreign currency account USD 40 Onward Payments for non-hsbc customers - by cash Rs. 3,000 - by cashier's order Rs. 1,500 - by demand draft (Issued only up to 30 November 2017) USD 20 - by telegraphic transfer USD 40 Commission in lieu of Exchange (CILE) on onward payments value 0.25% on face Value Page 6

8 Current C. PAYMENT SERVICES Fee/s Item C2 Outward remittances Issue of a foreign currency demand draft (Issued only up to 30 November 2017) - Debited from a Sri Lanka Rupee account Rs. 4,000 - Debited from a foreign currency account USD 30 Request for a demand draft via HSBCnet USD 20 Request cancellation of a demand draft - From a Sri Lanka Rupee account Rs. 1,500 - From a foreign currency account USD 15 Report loss of a demand draft - From a Sri Lanka Rupee account Rs. 3,000 - From a foreign currency account USD 30 Note : Drafts drawn on Belgium will incur an extra EUR 20 charge Foreign currency telegraphic transfer - Debited from a Sri Lanka Rupee account Rs. 4,000 - Debited from a foreign currency account USD 40 Request for a telegraphic transfer via HSBCnet USD 30 Handling Charges Telegraphic transfer sent with lack of information USD 10 - Charges borne on Beneficiary ('OUR') USD 30 - Charges for payments sent with Principle Protect ('PPRO') USD 40 Note : Corresponding Bank charges will be levied as incurred in addition to the above handling charges Investigation charge Tracking outward remittances in dispute* USD 60 *Includes all charges applied by other banks Request for duplicate advices - Duplicate advices for inward & outward payments Rs. 100 Page 7

9 D. GLOBAL LIQUIDITY & CASH MANAGEMENT Current Fee/s Item For bundled cash management solutions tailored to the needs of your business, please contact the Bank for a company specific quotation D1 Delivery Management Solutions HSBCnet Setup, installation and training (for up to 5 users) Rs. 15,000 Monthly Fees - monthly rental Rs. 7,000 - monthly rental with Secured Messaging Rs. 8,000 - monthly rental with ITS & Secured Messaging Rs. 8,000 - monthly fee per associate company (local and overseas) Rs. 3,000 Security Devices / Smart Cards - new Security Device 'SD' (min 2 SDs per order) USD 15 SWIFT FIN Set up fee USD FIN Annual maintenance fee USD FileAct Set Up Fee USD FileAct Annual Maintenance fee USD Swift Statements - MT940 (per file) USD 5.27 Swift Statements - MT942 (per file) USD 5.27 Connect Connect One-time Setup Fee - complex deal USD 3,500 Connect Monthly Service Usage Fee USD 550 Connect Per File Processing Fee USD 5 ERP Link ERP Link One-time Setup Fee (1-4 countries) USD 5,000 Page 8

10 ERP Link Monthly Service Usage Fee (1-4 countries) USD 600 ERP Link One-time Setup Fee (5+ countries) USD 10,000 ERP Link Monthly Service Usage Fee (5+ countries) USD 800 Integration Charges File Development Testing & Consultancy USD 1,000 ERP Link Integration with Connect USD 1,000 ERP Link only USD 1,000 Connect Only USD 500 Custom / Generic Mapper USD 1,000 Process Consultancy - Review payments and receivables processes for 1 Entity Process Consultancy - Review payments and receivables processes for 2 Entities Process Consultancy - Review payments and receivables processes for 3 Entities Process Consultancy - Review payments and receivables processes for 4 Entities Process Consultancy - Review payments and receivables processes for 5 Entities USD 1,500 USD 1,800 USD 2,100 USD 2,400 USD 2,700 Beneficiary Advising Charge - Rs SMS Rs Mail (Full Advice) Rs. 150 D2 Payment Management Solutions Salary Payment instructions by paper list - Salary transfer to HSBC accounts (per item) Rs Salary transfer to other banks (per item) Rs. 50 Vendor payments via SLIPS to other banks via HSBCnet (per transaction) Rs. 25 Note: Please note any revisions in pricing due to introduction of Central Bank Common Payment Switch system will be advised at time of Page 9

11 implementation Cheque Outsourcing Service (COS) Setup, installation and training (for up to 5 users) Rs. 15,000 Monthly Fees - monthly rental Rs. 10,000 - COS Counter Transaction fees (exc. Postage costs) - Company Cheque (per transaction)* Rs Cashier's Order (per transaction)* Rs Demand Draft (per transaction)* (Issued only up to 30 November 2017) USD 20 *Postage costs will be charged as incurred Page 10

12 D. GLOBAL LIQUIDITY & CASH MANAGEMENT Current Fee/s Item D3 Collection Management Solutions Receivables Management System For more details on RMS please contact the Bank for a Company specific solution and quotation D4 Liquidity Management Solutions Cash Concentration Setup cost per account (minimum charge 5,000 / maximum 20,000) Monthly Fees - Daily sweeps (per account) Rs. 5,000 - Weekly Sweeps (per account) Rs. 4,000 - Monthly Sweeps (per account) Rs. 3,000 For more details on Cash Concentration please contact the Bank for a Company specific solution and quotation D5 HSBC World Corporate MasterCard Standard joining fees (per card) Rs. 6,000 Standard annual fees (per card) Rs. 6,000 Interest Rate (computed from the date of transaction) 2% (per month) Minimum payment due ( All amounts needs to be paid in full) Currency conversion charge for foreign currency transactions 2.5% of transaction value Over limit fee Rs. 900 Late payment fee (charged if the full amount due does not reach HSBC by Rs. 990 payment due date) Page 11

13 Corporate card replacement fee within Sri Lanka Rs. 1,000 Corporate card replacement fee overseas Rs. 3,000 Smart data annual fee (per company) Rs. 10,000 Smart data implementation fee (per company) Rs. 7,000 The Hongkong and Shanghai Banking Corporation Limited -Sri Lanka is a licensed commercial bank supervised by the Central Bank of Sri Lanka. Issued by the Hongkong and Shanghai Banking Corporation Limited- Sri Lanka Disclaimer - The Bank reserves the right to change all rates, commissions, and charges in this document with prior notice. This document is issued by HSBC Sri Lanka. While all reasonable care has been taken in preparing this document, no responsibility or liability is accepted for any errors of fact, omission or for any opinion expressed herein. You are advised to exercise your own independent judgment (with the advice of your professional advisers as necessary) with respect to the risks and consequences of any matter contained herein. HSBC Sri Lanka expressly disclaims any liability and responsibility for any losses arising from any uses to which this document is put and for any errors or omissions in this document. This document contains information that is proprietary to HSBC Sri Lanka and should not be circulated to third parties without the prior written approval of HSBC Sri Lanka. HSBC Sri Lanka means The Hongkong and Shanghai Banking Corporation Limited. Page 12