General Conditions. Corporate

Transcription

1 Mizuho Bank, Ltd. Paris Branch General Conditions Corporate (As of 15 th September 2017) This English translation is for information purpose only. The French version is the only contractual document

2 Table of content Paragraph Page 1. Definitions Conditions Current account management Domestic payments International payments Foreign exchange Cash management Commercial bills Loans Guarantees Export Import Contacts Mizuho Bank, Ltd. Paris Branch (As of 15 th September 2017) Page 1

3 1. DEFINITIONS Europe The diagram below illustrates, as at November 21 st, 2016, European countries membership and adhesion to various statutes, mechanisms and regulations existing in Europe. BIC (*) European regulation 260/2012 dated 14/03/2012 is applicable to EEA member countries. Business Identifier Code, international code of identification of the banks. We mention the BIC on your bank branch identification form ( R.I.B ) and your statements of account. IBAN Single Euro Payment Area European Economic Area (*) European Union Euro Zone International Bank Account Number, account number following the international standards. We mention the IBAN on your bank branch identification form ( R.I.B ) and your statements of account. European Transfer Iceland, Liechtenstein, Norway Switzerland, Monaco, San Marino According to the definition of the European regulation 260/2012 dated 14/03/2012 a European transfer (also known as "pan-european") is a cross-border non-urgent remittance without foreign exchange in euros or in another currency of a country member of the EEA if it has notified its decision to apply this regulation, whose order comprises the BIC and the IBAN of the recipient, and whose expenses are divided ("SHA"). This definition is likely to evolve at any moment according to the regulation. SEPA Credit Transfer and Direct Debit (34 countries) (31 countries) (28 countries) (19 countries) Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden, United Kingdom Since August 1, 2014, SEPA Credit Transfer (also known as "SCT" or "Standard Credit Transfer") and SEPA Direct Debit (also known as SDD ) have fully replaced domestic transfers and direct debits. 2 types of SDD exist: - CORE for the largest public - B2B (Business to Business) for transactions between companies. Mandatory information Since January 1 st, 2007 the BIC and IBAN are mandatory for all remittances carried out inside the E.E.A. Additionally, in accordance with regulation 1781/2006 dated November 15 th, 2006, the complete references of the client (name, address, account number) must be communicated to the bank of the beneficiary for all international transfer orders. Since April 1 st, 2015, the complete references of the beneficiary must also be communicated for each transfer request in US Dollars (USD) and for each transfer request in any currency if it is executed by a bank located in the United States. 2. CONDITIONS The present conditions are likely to be modified at any moment. Any change will be brought to your attention before the date of effect VAT The tariffs mentioned in the following pages are expressed in euros and net of tax or expressed as a percentage and net of tax unless otherwise specified. The operations subjected to VAT are brought to your attention. VAT is then calculated at the applicable rate at the date of the operation Value dates The majority of operations have the same day value date. The main other principal applicable value dates are as follows: Debit transactions Overdraft (debit interests) D+1 calendar day Highest overdraft comm. D+1 calendar day Debit turnover comm. D+1 calendar day Foreign exchange D (other than foreign exchange contracts) Credit transactions Cheque collection D+1 business day Bills discount remittance D+2 business days Invoice discount ( Dailly ) D+2 business days Foreign exchange D+2 business days (other than foreign exchange contracts) 2.3. Lead-time The majority of the operations are treated on the same day, subject to the respect of cut-off time for reception of orders. However some operations require a longer lead-time: SDD Commercial bills remittance Paper EBICS 1 business day 7 business days 6 business days Electronic payment Is considered as Electronic payment: - Every file remitted and accepted through EBICS - Every payment remitted through MGeB using a Payment method - Every file remitted through MGeB Multi-purpose, as long as it is accepted by our payment platform Mizuho Bank, Ltd. Paris Branch (As of 15 th September 2017) Page 2

4 2.4. Reception of orders To ensure processing within the deadlines, some operations are subject to time constraints: Debit transactions Bank cheque 12h30 D Internal / treasury / international transfer 12h30 D Domestic transfer and SEPA Paper 10h00 D EBICS 10h00 D Salary transfer Paper 10h00 D-2 business days EBICS 10h00 D-1 business day Credit transactions Cheque collection 10h30 D SDD CORE D-2 business days SDD B2B D-2 business days Commercial bills remittance (for payment) Paper D-7 business days EBICS D-6 business days Commercial bills remittance (discount / Dailly) 12h30 D 2.5. Foreign exchange operations Spot forex [except contracts] Debit and credit operations in currencies other than the one of your account are converted at the fixing rate determined daily at 11am by Mizuho Bank. Forward forex A quotation can be obtained upon request to your relationship manager. The foreign exchange market being over-the-counter market, the price of execution is likely to vary and depends on the conditions of market and the amount of the orders Tariff by thresholds International transfer commission Transfer amount (euro equivalent) Commission Threshold % Threshold 2 > et % Threshold 3 > % Minimum fee Foreign exchange commission Transfer amount (euro equivalent) Commission Threshold % Threshold 2 > % Minimum fee General conditions details are presented in the following pages. Mizuho Bank, Ltd. Paris Branch (As of 15 th September 2017) Page 3

5 Current account management The branch does not accept cash remittances Cheque book Order and delivery at the counter Fees for sending cheque book (by registered mail) Actual fees Fees subject to VAT Statement Monthly statement Paper Per month Weekly statement Paper Per month Daily statement Paper Per quarter Account maintenance Fees Debit turnover commission 0.04% Calculated on debit amounts Maintenance commission Account closing Information Balance certificate One account Several accounts Audit certificate Other certificates Investigations (document research) Less than one month More than one month More than one year Page 4

6 Electronic banking subscription EBICS T subscription Per month EBICS TS subscription Per month Global e-banking subscription Per month Sending of account statement to another bank Per month Formerly "Mizuho Global Cash Management Services" Incidents Fees for incidents Authorities' notice fees 10.00% Max : Third parties' notice fees Seizure fees Page 5

7 Domestic & SEPA payments Credit transactions Cheque collection Credit transfer reception Modification of collection of transaction Advise fate, sent for acceptance Direct debit SDD CORE notification Direct debit SDD B2B notification ICS Registration fees Per demand Actual fees Fees subject to VAT Page 6

8 Debit transactions Cheque settlement Issue of bank cheque Bill settlement (LCR, BOR) Treasury transfer Transfer in our books Sepa Credit Transfert Paper Per transfer 7.50 Electronic Per transfer 0.50 Permanent Bank Transfer (Single beneficiary) Setup Amendment 8.00 Cancellation Setup of direct debit mandate SEPA Direct debit payment Payment by TIP, Télérèglement Page 7

9 Incidents Stopped cheque fees Unpaid cheque Issued 50 euros Issued > 50 euros Received, reason "unpaid" Received, other reason Issued Sepa Credit Transfer Cancellation request Paper 1.00 Repaired Per electronic transfer 1.00 Issued direct debit Rejected Cancellation Direct debit payment (all categories) Unpaid Investigations Page 8

10 International payments In our books Per transfer Foreign exchange commission See Tariff by thresholds Receiving payments Incoming foreign transfer Per transfer Foreign exchange commission See Tariff by thresholds Issuing payments Outgoing foreign transfer Paper Per transfer See Tariff by thresholds EBICS Per remittance EBICS Per transfer See Tariff by thresholds Fees for "Charge OURS" Without SWIFT fees Foreign exchange commission SWIFT fees See Tariff by thresholds Fees subject to VAT In addition to transfer fees Incidents IBAN or BIC repair fees Investigations Page 9

11 Foreign exchange Daily buying or selling foreign exchange rates are available upon request to your usual account officer. Spot forex See Tariff by thresholds Forward forex See Tariff by thresholds Cash management Intra-Branch Global Cash Pooling Page 10

12 Commercial bills Collection Bills collection remittance (LCR, BOR) Paper Per remittance / slip Paper Per bill 8.00 EBICS Per remittance / slip EBICS Per bill 0.30 Other commissions Extension Change of domiciliation Bills discount Rate Remittance fees Paper Per remittance / slip Paper Per bill 8.00 EBICS Per remittance / slip EBICS Per bill 0.30 Other fees Acceptance Extension Other amendments Assignment of "Dailly law" receivables (Invoices discount) Rate Remittance fees Paper Per remittance / slip Paper Per invoice EBICS Per remittance / slip EBICS Per invoice 5.00 Other fees Notification Acceptance Extension Other amendments Page 11

13 Incidents Bills collection (LCR, BOR) Unpaid Claim Advise fate Assignment of "Dailly law" receivables Unpaid Loans Overdraft Unauthorized EONIA % If the EONIA rate is negative then the EONIA rate used will be zero Authorized Highest overdraft commission 0.06% Calculated on the monthly highest overdraft amount Investment financing Guarantees Rate Issue Amendment Min : Page 12

14 Export Bills & clean bills collection Fees Collection of documentary remittance 0.25% Min : Max : Extension on documentary remittance Clean bill collection 0.20% Min : Max : Postage fees Postage per mail Fees subject to VAT Express shipping per mail Fees subject to VAT SWIFT fees Fees subject to VAT Irrevocable documentary credit Fees Notice Notification 0.10% Min : Confirmation / acceptance Depending upon country Per 3 indivisible months Amendment/extention Min : Documents release 0.20% Min : Negociation 0.30%+interest Min : Transmission Transfer (of documentary credit) 0.15% Min : Repayment SWIFT fees Fees subject to VAT Postage fees Postage Customer letter of credit 8.00 Fees subject to VAT Postage per mail Fees subject to VAT Express shipping per mail Fees subject to VAT Incidents Investigations Others Other fees Unpaid Cancellation Return of documents Page 13

15 Import Bills & clean bills collection Fees Settlement of documentary remittance 0.20% Min : Max : Extension on documentary remittance Clean bill collection 0.20% Min : Max : SWIFT fees Other Fees subject to VAT Postage fees Postage per document Fees subject to VAT Express shipping per document Fees subject to VAT Irrevocable documentary credit Fees Opening 0.25% per 3 indivisible months Min : Documents release 0.20% Min : Acceptance SWIFT fees Modification / amount increase / extention 0.125% per indivisible month 0.25% per 3 indivisible months Modification standard Expired L/C Limit overrun 0.25% per 3 indivisible months Min : Min : Min : L/C opening Other Fees subject to VAT Fees subject to VAT Postage fees Postage per document Fees subject to VAT Express shipping per document Fees subject to VAT Incidents Investigations Others Other fees Unpaid Cancellation Return of documents Page 14

16 CONTACTS In France For any inquiry related to our standard conditions, you can contact your usual account officer at Paris Branch. Mizuho Bank, Ltd. Paris Branch 40 rue Washington Paris Cedex 08 Tel +33 (0) Fax +33 (0) Worldwide Find more information on Mizuho Bank : This document can be downloaded on-line at : Page 15