Standard Tariff South Africa Effective Date 16 th April 2018

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Transcription:

Standard Tariff South Africa Effective Date 16 th April 2018 Dear Valued Client, Standard Chartered has operated for over 150 years in some of the world s most dynamic markets in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank s growth in recent years. The Bank combines its unique international footprint with deep-rooted local knowledge and experience to actively drive value in its markets. With a world-class suite of products, services, distribution channels and systems, the Bank provides customers with increasingly sophisticated and pioneering banking services Transaction Banking services is a significant part of this business that extends across our network. Table of Contents Trade Services: Imports 1 Exports 2 Bank Guarantees 3 Miscellaneous 4 With systems and people in place to deliver quality services, which are consistent, reliable and in line with international standards, we continually work to offer value-add products, customised solutions and seamless transactions processing for the benefit of our clients. Standard Chartered is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank s heritage and values are expressed in its brand promise Here for good. For more information, please visit: www.sc.com. Our clients are at the centre of everything we do, and we endeavour to keep you conversant with our competitively priced product offerings and guidelines. Please find enclosed our pricing proposal. Your sincerely, Henning Bisschoff Transaction Banking Head, South Africa Page 1

Trade Imports Irrevocable Documentary Credits Irrevocable Documentary Credits Discrepancy Fee (on each set of documents) Commission charged at a percentage negotiated per quarter, subject to a minimum of ZAR 700 as per banking facility letter. ZAR 700 will be charged for each set of discrepant documents Back-to-Back Documentary Credits Back-to-Back Documentary Credits Commission charged at a percentage negotiated per quarter or part thereof, subject to minimum ZAR 700. Revolving Documentary Credits Revolving Documentary Credits Commission charged at a percentage negotiated subject to minimum ZAR 700 Standby Documentary Credits Standby Documentary Credits Commission Charged at a percentage negotiated per quarter, a minimum of fees equivalent to one quarter will be charged or ZAR700 Amendments to Documentary Credits Amendments to Documentary Credits For amendment to a documentary credit which requires an increase in credit amount or extension of the expiry date of the credit facility beyond the initial three month period, commission calculated on the same basis as the opening of documentary credits is applicable subject to a minimum of ZAR 700. Payment Fee ZAR 700 Documentary Import Bills for Collection Documentary Import Bills for Collection A commission of 0.3% subject to a minimum of ZAR 700 Avalisation of bills of exchange / promissory notes A commission charged at a percentage negotiated will be charged, subject to a minimum of ZAR 700. Page 2

Amendments to collection Instruction ZAR 700 Payment Fee ZAR700 Trade Exports Documentary Credits Advising of a documentary credit ZAR 700 Amendment to a documentary credit ZAR 700 Documents negotiated Commission of 0.3% on face value of the bill subject to a minimum of ZAR 700 Payment Fee ZAR 700 Transfer of documentary credits Administration Fees - ZAR 3 000 (plus advising fee as above) Confirmation of Documentary Credits Silent confirmation Confirmation Silent Confirmation will be quoted per transaction Confirmation will be quoted per transaction" Discounts Discounts Will be charged per transaction, minimum ZAR 700 Assignment of proceeds Administration fee ZAR 3 000 Payment fee per payment ZAR 700 Page 3

Export Bills sent for Collection/Purchase Export bills sent for collection/purchase Commission of 0.3% on the face value of bill, subject to a minimum of ZAR 700 Amendments to collection instructions ZAR 700 Payment Fee ZAR 700 Bank Guarantees Issuance of guarantee Commission charged at percentage negotiated per quarter or part thereof, Commission is charged in advance and will include any period allowed for presentation of claims, subject to a minimum of ZAR700 Amendments to Expiry Date and Guarantee Principle amount Expiry Date and Principle Amount: charged on the same basis applied to original issuance of the guarantee; Amendments to wording: Flat fee of ZAR 700 is applicable Commission is charged in advance for each quarter where open-ended/auto renewable guarantees are issued Claims processing fee ZAR 700 Cancellation before Expiry ZAR 700 Miscellaneous Draft instruments (including draft document checking) ZAR 700 Per Swift message request ZAR 500 Courier fees within South Africa Courier fees outside South Africa DHL 1Kg parcel plus surcharge = Cost Price. The 1Kg pricing zone to be applied. DHL 1Kg parcel plus surcharge = Cost Price. The 1Kg pricing zone to be applied. Page 4

Important Terms: 1. We may adjust our pricing for the Services subject to our providing you reasonable prior notice. 2. We reserve the right to adjust our pricing for the Services immediately in the event that we are (as we may reasonably determine) subject to (a) any increased costs, however arising, as a result of a change in any law, rule or regulation, or an interpretation thereof, in respect of any governmental entity, self-regulatory organization, clearing house or payment system or (b) a change in market conditions, for example in either case, and without limitation, relating to capital, liquidity, reserves, taxes, insurance premiums, interest rates and other market-based fees, charges, costs and expenses 3. You must check all account statements, confirmations and advices (each an invoice ) and notify us of any pricing discrepancies, promptly. Your failure to provide timely notification of any discrepancy shall preclude any entitlement to a refund or other adjustment. 4. Any pricing item relating to the Services not described herein will be charged at our standard tariff for that item. 5. This Pricing Schedule and, to the extent any pricing item is not described herein, our standard tariffs shall supersede and control any prior understanding regarding pricing, whether written or oral, in respect of the Services. 6. All pricing items will be subject to any applicable taxes, levies, duties and similar charges. 7. As used herein, adjusting our pricing, or similar clause, may include, without limitation, modifying the rate, basis and/or calculation method of any existing pricing and introducing a new pricing item(s). 8. This Pricing Schedule forms part of the agreement between you and us with respect to the Services. 9. Cross border flows both into and out of South Africa must be categorized and reported to Finsurv by the Authorized Dealer receiving or paying away the funds. In the context of South African exchange control legislation you confirm that all information provided to Us in relation to cross border payments is true and correct, the currency applied for will only be used for the specific purpose stated, the documentation presented in support of transaction is in all respects authentic, you are aware of the limit applicable to transactions and confirm that this limit will not be exceeded as a result of the conclusion of any transaction and you consent to information being provided to the South African Revenue Service and/or the Financial Intelligence Centre. Page 5

This document is issued by SC Group. 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. SC Group 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 SC Group and should not be circulated to third parties without SC Group s prior written approval. SC Group means Standard Chartered Bank and each of its holding companies, subsidiaries, related corporations, affiliates, representatives and branch offices in any jurisdiction. Page 6