TRADE. Service Fees and Price Guide. Form M Revalidation. Facility Fees

Transcription

1 Service s and Price Guide TRADE Facility s Management Warehouse Facility Facility Enhancement Annually One off charge Maximum 1% of the principal amount disbursed Subject to negotiation with client Negotiable subject to maximum of 1% of the additional amount disbursed Facility Restructuring One off charge Maximum of 0.5% of the outstanding amount being restructured Commitment Penal rate for late payment Bonds/Guarantees One off charge Maximum 1% on the undisbursed amount Penal rate is 2% per annum on the outstanding value of the loan Bid bonds/tender bonds One off charge Maximum of 1% of Bond value Performance bonds Maximum 1% of performance Bond value Advance payment bonds One off charge Maximum of 1% of APG Bonds of customs and excise (Bank Guarantees) All other bonds and guarantees (Shipping Gtee, SBLC etc) Offshore Guarantee Cancellation fee LC Commission - Import value Maximum of 1% of transaction value Maximum of 1% of transaction value Processing of Form M NGN3,000 E-Form M Charge NGN1,500 Form M Amendment Foreign Bank Charge + SCB Premium which can be up to 2%. This can be reviewed upward or downward based on market conditions. Nil Form M Revalidation Form M Extensions Risk Assessment Report(RAR) now called Pre Arrival Assessment Report (PAAR) Establishment commission for credits up to 180 days Establishment commission for credits up to 270 days Establishment commission for credits up to 360 days Request for Extension Renewals Increases or Enhancements in the LC value: Amendment of LC at the instance of the customer Offshore Advising charges (if charges are for the applicant s account). Telex Charges Offshore Confirmation / Pre- Negotiation charge Trade Loan Penal Rate for late payment after 7 days of grace Usance Bill under Credit Guarantee Where bill is less than one year Where bill exceeds one year LC Commission - Export Plus communication charges Valid for FX- Non Valid for FX Form M- N2,500 1% of face value 1.25% of face value 1.50% of face value Commission on applicable LC establishment Additional establishment commission will be charged on the amount of any increase for the unexpired period of validity of credit. NGN2,000 $ Offshore Charge + Premium to be determined by SCB Negotiable, subject to prevailing market condition ( Libor / Nibor + Premium to be determined by SCB) Incremental 2% per annum on the outstanding value of the loan N3 per mille per month N5 per mille per month Processing and registration of NXP form Advising Commission Where a Nigerian Bank Simply verifies authenticity of credit and delivers same Where a Nigerian Bank has to re-write the credit NGN0.05% subject to a minimum equivalent of 1

2 Service s and Price Guide Commission on Confirmation of LC Negotiation Bills for Collection (Import) USD25 or it equivalent 0.5% of face value subject to a minimum of N5,000 1% of face value Processing of Form M NGN3,000 E-Form M Charge Maximum of NGN1,500 per CBN circular on electronic processing Form M Amendment Form M Revalidation Form M Extensions Risk Assessment Valid for FX- Report(RAR) now called Non Valid for FX Form M- Pre Arrival Assessment N2,500 Report (PAAR) Commission on Clean & Documentary Bill 0.5% of the Bill face value Telex Charge Holding Charge (Applicable for unpaid / Expired and unaccepted per month Bills) Extension of Bill of Exchange Bills for collection negotiation Delivery of Shipping Documents Bill of Exchange Acceptance & return to principal Request for Trade Loan Penal Rate for late payment - 7 days of grace NGN3,000 per bill plus swift charge 0.5% of the Bill value Negotiable, subject to prevailing market condition ( Libor / Nibor + Premium to be determined by SCB) Incremental 2% per annum on the outstanding value of the loan Avalisation Others Avalised Bills of Exchange and Promissory Notes Avalisartion Commission 1% of the Bill value Payment Commission 1% of the Bill value Other OpenAccount Transactions Invoice Financing BDBR Interest Negotiable, subject to prevailing market condition ( Libor / Nibor + Premium to be determined by SCB) Bankers Acceptance Vendor Prepay Receivables Services TT Swift Commission (where applicable) Bills for Collection (Export) Commission on Bills for 0.5% of the Bill value Collection Bills for Collection - Negotiation Negotiable 2

3 Service s and Price Guide Foreign Currency Current or Call Account CASH MANAGEMENT SERVICES ACCOUNT SERVICES Local Currency Current or Call Account Current Account Maintenance NGN1/Mille FGN Stamp Duty Commission >=NGN1,000= NGN50 per eligible transaction Credit Interest on Current Interest Accounts(including Dorm Accounts) Deposits held as collateral(interest on Deposit) Closure of Account (savings, current, or domiciliary) Corporate Search Corporate Affairs Commission (CAC) Charge Certified true copy of form CAC 2 Charge Interest 0.0% 30% of MPR p.a Cost recovery Cost recovery Certified true copy of MOA charge Cost recovery Certified true copy of Certificate of Incorporation charge Cost recovery Cash Withdrawal Over-the-Counter Commission (LCY) <NGN3,000,000 = NIL, >NGN3,000,000 = 5% Cash Deposit Over-the-Counter(LCY) Commission Standard Cheque Book Issuance NGN2, NGN100 Stamp Duty per booklet or FCY equivalent Stop Cheque Payment(LCY) NGN500 Cheque Return-Issued on unfunded Return account (LCY) Cheque Return-Issued(other reason different from unfunded account ) LCY Return 1% of Transaction Amount, subject to maximum of whichever is higher FCY Cash Withdrawal Charge Commission 0.05% of transaction value or $10, whichever is lower Standard Cheque Book (FCY) Issuance NGN2, NGN100 Stamp Duty per booklet or FCY equivalent Stop Cheque Payment (FCY) NGN500 Other Account Services Account Statement Monthly Free Special request for statement NGN20 per page of account fee (request in a manner other than mandatory issuance) Standing instructions Setup/ NGN 300 Amendment SWIFT MT940/950 Transaction Waived SWIFT MT900/910 Transaction Waived PAYMENT TRANSFERS Book Transfers Payment Services Book Transfer Within Own Transaction Accounts - Book Transfer To Other Transaction Accounts - Book Transfer Within Own Transaction Accounts - Manual Book Transfer To Other Accounts - Manual Transaction Local Funds Transfer (RTGS) Local Fund Transfer (RTGS) - Transaction NGN525 per beneficiary Local Fund Transfer (RTGS) - Manual Transaction NGN550 per beneficiary 3

4 Service s and Price Guide Mobile Money Payment Mobile Money Local Fund Transaction NGN100 per beneficiary Transfer to Account Holder - Mobile Money Local Fund Transfer to Non account Holder - Transaction NGN150 + NGN50 Cashout fee at agent location(to be borne by Mobile Payment Card Issuance/Replacement/Renewal fee Direct Credit Issuance Direct Credit to SCB account - Direct Credit to 3rd Party Bank Account (NEFT/NAPS/NIP) Direct Credit to SCB account - Manual Direct Credit to 3rd Party Bank Account Manual(NEFT/NAPS/NIP) Direct Credit (Payroll) Transaction Transaction Transaction Transaction sender) per beneficiary NGN1000 NGN35 NGN50 Direct Credit Payroll to Transaction Standard Chartered Bank Account- Direct Credit Payroll to 3rd Transaction NGN35 Party Bank Account Direct Credit Payroll to Transaction Standard Chartered Bank Account - Manual Direct Credit Payroll to 3rd Party Bank Account - Manual Transaction NGN50 Local Bank Cheque Cashier's Order - Issuance NGN250 per cashier order (Local Bank Draft) Cashier's Order - Issuance NGN250 per cashier order Manual(Local Bank Draft) Cashier's Order Courier Charge Delivery N100 Corporate Cheque Corporate Cheque Issuance NGN2, NGN100 Stamp Duty per booklet or FCY equivalent Corporate Cheque Courier Delivery N100 Charge Corporate Cheque Stop Stop NGN 500 International Bank Cheque International Bank Cheque - (International Bank Draft) International Bank Cheque(International Bank Draft)-Manual International Bank Cheque (swift charge) International Bank Cheque (Courier charge) Outward Telegraphic Transfers Issuance Issuance Issuance Delivery 0.1% of the value of the cheque + Offshore charges. 0.1% of the value of the cheque + Offshore charges. $25 or GBP15 or EUR20 or NGN4000 N100 Outgoing Telegraphic Transfer Commission 0.5% of transaction value + - associated offshore Outgoing Telegraphic Transfer - Manual Outgoing Telegraphic Transfer (SWIFT) charges where applicable Commission 0.5% of transaction value + associated offshore charges where applicable Issue $25 or GBP15 or EUR20 or NGN4000 4

5 Service s and Price Guide FCY Inward Telegraphic Transfer Inward Telegraphic Transfer No charge Multi-Bank Payment SWIFT MT101 No charge FCY Cheque Collection (Cleared Overseas) Cheque Collection (FCY) - Cleared Overseas Transaction 1% of cheque value or Naira equivalent of $10 whichever is lower CHANNEL SERVICES Straight2Bank Basic Setup Straight2Bank - Setup and Free Implementation Straight2Bank - Approver Charges NGN3,500 Device (Vasco/Smartcard) Straight2Bank - Training/ Troubleshooting Free SECURITIES SERVICES CUSTODY FEES Foreign Clients Custody s 35 bps Transaction $100 Local Clients(Fixed income and MM instruments held with CBN) Custody s 35 bps p.a Transaction NGN500 Euro Bonds Custody s 35 bps Transaction $100 Investigation Services Remittance Cancellation/ Recall of Funds US$25 or GBP15 or EUR20 or NGN4000 Confirmation of overseas Free enquiry to correspondent bank at the instant of the customer Remittance Amendment US$25 or GBP15 or EUR20 or NGN4000 Swift Message Request US$25 or GBP15 or EUR20 or NGN4000 ESCROW SERVICES & Account Bank Services Escrow & Account Bank Deal Set up $10,000 equivalent per account Management fee $25,000 equivalent 5

6 Service s and Price Guide Bond Agency (ICPA) ICPA Acceptance $5,000 equivalent Per Tranche Issuance $5,000 equivalent per tranche Loan Agency (e.g. Security Agent) Loan Agency Set up fee $20,000 equivalent Annual Management $25,000 equivalent 6