International Corporate Banking Cayman Islands Effective: Ma rch 1, 2018 Last Updated: December 1, 2018 1
1 INTERNATIONAL CORPORATE DEPOSITS AND TRANSACTION ACCOUNTS 2 TRANSACTION BANKING SERVICES 3 GLOBAL, CUSTODY & INVESTMENT MANAGEMENT SERVICES 4 TRADE SERVICES 5 CAPTIVE REINSURANCE SOLUTIONS 6 SUNDRY SERVICES CONTENTS 2
UNITED STATES DOLLAR (USD) EURO DOLLARS (EUR) USD Business Current Accounts (Product Code 238) EUR Business Current Accounts (Product Code 79) Required minimum account balance $25,000.00 Required minimum account balance 25,000.00 Monthly service fee $50.00 Monthly service fee 41.00 (Where account balance falls below required minimum) $25.00 (Where account balance falls below required minimum) 19.00 Withdrawals / Cheques per entry $0.75 + stamp duty Withdrawals / Cheques per entry $0.75 + stamp duty Deposits / Credits per entry No Charge Deposits / Credits per entry No Charge EUR deposit charge 0.7% p.a. of Average Monthly USD Business Call Accounts (Product Code 192, 236 and 256) Required minimum account balance $25,000.00 EUR Business Call Accounts (Product Code 83) Monthly service fee $50.00 Required minimum account balance 25,000.00 (Where account balance falls below required minimum) $25.00 Monthly service fee 41.00 Withdrawals / Cheques per entry $0.75 + stamp duty 19.00 Deposits / Credits per entry No Charge Withdrawals / Debits - excludes ABM transactions $0.75 + stamp duty Deposits / Credits per entry No Charge CANADIAN DOLLAR (CAD) EUR deposit charge 0.7% p.a. of Average Monthly Balance CAD Business Current Accounts (Product Code 172) Required minimum account balance CAD $25,000.00 Monthly service fee CAD $58.00 DEPOSIT AND TRANSACTION ACCOUNTS SWISS FRANCS (CHF) CHF Business Call Accounts (Product Code 159) (Where account balance falls below required minimum) CAD $25.00 Required minimum account balance 25,000.00 Fr Withdrawals / Cheques per entry $0.75 + stamp duty Monthly service fee 50.00 Fr Deposits / Credits per entry No Charge 23.00 Fr Withdrawals / Debits - excludes ABM transactions Deposits / Credits per entry Balance $0.75 + stamp duty No Charge 3
DEPOSIT AND TRANSACTION ACCOUNTS CAD Business Call Accounts (Product Code 77) Required minimum account balance CAD $25,000.00 AUSTRALIAN DOLLAR (AUD) Monthly service fee CAD $58.00 AUD Business Six-Tiered Deposit Accounts (Product (Where account balance falls below required minimum) CAD $25.00 Required minimum account balance AUD $25,000.00 Withdrawals / Debits - excludes ABM transactions $0.75 + stamp duty Monthly service fee AUD $61.00 Deposits / Credits per entry No Charge AUD $24.00 Withdrawals / Debits - excludes ABM transactions $0.75 + stamp duty POUND STERLING (GBP) Deposits / Credits per entry No Charge GBP Business Current Accounts (Product Code 78) Required minimum account balance 25,000.00 JAPANESE YEN (JPY) Monthly service fee 33.00 JPY Business Current Accounts (Product Code 563) (Where account balance falls below required minimum) 16.00 Required minimum account balance 25,000.00 Withdrawals / Cheques per entry $0.75 + stamp duty Monthly service fee 6,025.00 Deposits / Credits per entry No Charge 2,050.00 Withdrawals / Cheques per entry Deposits / Credits per entry GBP Business Call Accounts (Product Code 76) Required minimum account balance 25,000.00 SOUTH AFRICAN RAND (ZAR) Monthly service fee 33.00 ZAR Business Call Accounts (Product Code 257) $0.75 + stamp duty No Charge (Where account balance falls below required minimum) 16.00 Required minimum account balance R 25,000.00 Withdrawals / Cheques per entry $0.75 + stamp duty Monthly service fee R 575.00 Deposits / Credits per entry No Charge R 211.00 Withdrawals / Cheques per entry $0.75 + stamp duty Corporate Fixed Deposit Accounts Deposits / Credits per entry No Charge Transfer to another internal account on maturity No Charge Transfer to another institution on maturity Draft/Wire cost Notes: EUR deposit charge Early Redemption Fees - Non-redeemable Fixed deposits only : 0.7% p.a. of Principal Invested 1. All figures are quoted in USD currency unless otherwise stated. 2. EUR currency fixed deposits and transaction accounts, where offered, are charged at a rate of 0.70% per annum. Terms 1,000-24,999 25,000-49,999 50,000-99,999 100,000-249,999 250,000-499,999 500,000-999,999 1,000,000 & Over 5 360 days $150 $150 $300 $1,000 $1,500 $2,500 $5,000 4
INTERNATIONAL & THIRD PARTY WIRE TRANSFERS TRANSACTION BANKING SERVICES ACCOUNT TRANSFERS International Wire Transfers (local equivalent) : Branch Internet By customer via our ABM,telephone, online banking No Charge CI $ 1.00 to $8,333.32 CI $125.00 CI $45.83 By customer via another Bank ABM No Charge CI $ 8,333.33 to $ 83,333.32 CI $133.33 CI $58.33 By us on written/faxed/telephoned instructions KYD $10.00 CI $ 83,333.33 and Over CI $150.00 CI $66.67 USD equivalents: DRAFTS &/OR INTERNATIONAL MONEY ORDERS US $ 1.00 to $9,999.99 US $150.00 US $55.00 Local drafts (Manager s cheques) CI 8 +Stamp Duty USD 9.6 +Stamp Duty US $10,000.00 to $99,999.99 US $160.00 US $70.00 USD Currency Drafts: US $99,999.99 and Over US $180.00 US $80.00 Up to $14,999 CI 23.00 USD 27.60 $15,000 & Over CI 58.00 USD 69.60 INCOMING WIRE TRANSFERS Other Foreign Currency Drafts: To credit an account at one of our branches CI 12.43 USD 14.92 Up to $14,999 CI 23.00 USD 27.60 To credit an account held at other local banks CI 16.10 USD 19.32 $15,000 & Over CI 58.00 USD 69.60 Payable on presentation of Photo I.D. CI 29.00 USD 34.80 Returned Wire Payments: Incoming & Outgoing CI 25.00 USD 30.00 CREDIT CARDS Tracers on Wire Transfers CI 29.17 USD 35.00 CREDIT CARDS Request for Stop Payment CI 42.00 USD 50.40 See Credit Card Notes: 1. RTGS - Real Time Gross Settlement is an initiative of some local Central Banks that allows commercial banks to make (large) inter-bank transactions in real-time 2. All wires are sent for Beneficiary to pay Correspondent fees by default. If the sender wishes to pay this fee, US$24 will be added upfront to the cost of the wire. STANDING ORDERS Set-up KYD 10 +Stamp Duty USD 12 +Stamp Duty Amendment CI 5.00 USD 6.00 Internal Orders - Between Other Accounts CI 7.50 External Standing Orders: To transfer funds LOCALLY CI 18.00 USD 21.60 Notes: To transfer funds OVERSEAS Via Wire-KYD 10.00+wire Via Wire-USD All figures are quoted in USD Dollars unless otherwise stated. 5
Equities & Bonds: Purchase or Sale Transfer Fee GLOBAL CUSTODY, INVESTMENT MANAGEMENT & CAPITAL MARKETS SERVICES SECURITIES, CUSTODY & TRAINING 0.50% minus$100 US$100 0.375% per annum Custody 0.25%pa Administration fee: Minimum USD 3,750.00 Mutual Funds: Subject to front-end sales fee Set up fee: Minimum USD 2,500.00 Front-end load fee 0.3%-0.5% Custody 0.125% Administration fee For more details, please refer to your Relationship Manager TRUST SERVICES CUSTODY AGENCY SERVICES 0.375% per annum on the gross value of the assets, payable annually in advance Minimum USD 3,750.00 Portfolio Valuations & Cash Statements Quarterly Fee US$10 Terminiation Fee Minimum USD 2,000 ASSET MANAGEMENT/DISCRETIONARY PORTFOLIO MANAGEMENT Set up Fee Waived Annual management fee 0.50% Custody fees 0.125%pa TREASURY SERVICES Forwards/Swaps/Currency Exchange/Commodity Trades Your Relationship Manager will work in conjunction with our Treasury Department to ensure competitive rates. For more details, please refer to your Relationship Manager Note: 1. All figures are quoted in local currency unless otherwise stated. 2. LTV Assessment and Margin Lending Available 6
GLOBAL CUSTODY, INVESTMENT MANAGEMENT & CAPITAL MARKETS SERVICES BONDS, INDEMNITIES & GUARANTEES CIBC FUNDS Guarantee Bonds: Direct Funds Fund of Funds Without full cash collateral: CIBC US Money Market Fund CIBC Axiom Capital Preservation Fund Up to USD 50,000 2% Min USD 150.00 CIBC Canadian Money Market Fund CIBC Axiom Fund Over USD 50,000 Additional 1.5% CIBC US Bond Fund CIBC Conservative Portfolio Fund With full cash collateral: CIBC Balance Portfolio Fund Up to USD 15,000 ¾% Min USD 100.00 CIBC Growth Portfolio Fund USD 15,000 - USD 50,000 ¾% Min USD 200.00 Set up Fee Waived Over USD50,000 ¾% Min USD 500.00 Annual management fee 0.30% Min 2% per annum, Performance Bonds Managers discretion Custody fees 0.125%pa 7
CREDIT SERVICES CAPTIVE REINSURANCE SOLUTIONS NAIC/OSFI Approved Letters or Credit 1 year minimum CIBC Axiom Capital Preservation Fund Set Up Fee 0.50% CIBC Axiom Conservative Portfolio Annual Fee subject to collateral cover CIBC U.S. Bond Fund Loan to Value (LTV) Assessment No Charge CIBC U.S. Money Market Fund Margin Lending Risk adjusted weighting CIBC Canadian Money Market Fund CAPTIVE INVESTMENT FUNDS TREASURY & STRUCTURED PRODUCTS Competitive deposit rates, structured deposits, principal protected notes, and other. For more details, please refer to your Relationship Manager Minimum initial subscription USD 250,000 Management fee 0.075% Other fees & expenses 0.250% Notes: All figures are quoted in local currency unless otherwise stated. 8
ACCOUNT OPENING INTERNET AND TELEPHONE BANKING Client Initiation Fee USD $500.00 Monthly Access Fee No Charge Secondary Account Opening Fee USD $100.00 STATEMENTS Mailed / Regular / diary filled statement USD $5.00 each Cheque books (all styles) Cost + stamp duty Duplicate / Additional / Interim statement USD $5.00 each Stop payment on a local cheque USD $25.00 each Screen print / photocopy USD $2.50 each Stop payment on a foreign cheque USD $86.67 E-statement: Charge backs (items returned to us by another bank): Set Up No Charge Local cheque USD $12.00 Monthly Subscription Fee (to be collected via standing order) Foreign cheque USD $40.24 Daily files US$50.00 / account Insufficient Funds (return cheque charge) USD $48.00 Weekly Files US$20.00 / account Foreign Cheque Processing Fee USD $7.32 Monthly Files US$15.00 / account Transaction Fee No charge Initial Notice USD $50.00 OTHER SERVICES (when account goes dormant after 2 years of inactivity) Notice thereafter ( every year of inactivity) USD $30.00 each Audit Certificate USD $40.00 Reactivation No Charge Certificate / Confirmation of balance USD $20.00 Transfer to Central Bank (after 7 years of dormancy) No Charge Certificate of interest Paid USD $20.00 Reference Letters/Credit Report: RESEARCH Local USD $25.00 Where vouchers are held at local branch No Charge Overseas USD $25.00 Same Month (within 30 days of last statement): 1-5 Vouchers / Items USD $10.25 each MANUAL PAYROLL Up to 3 months Service Fee (monthly) No Charge 1-5 Vouchers / Items hour Operational Fee (per payroll run) USD $25.00 USD $25.00 per Each additional Voucher / Item hour Transaction Fee (per credit/payment): Over 3 months and up to 7 Years: Per credit to employee account with FirstCaribbea USD $2.50 USD $63.60 per 1-5 Vouchers / Items Each additional Voucher / Item CHEQUE RELATED DORMANCY PROTECTION SUNDRY SERVICES hour Per credit to employee account with Another Bank USD $3.00 USD $50.00 per hour Late transmission of payroll file USD $25.00 9
SUNDRY SERVICES LENDING SERVICES OVERDRAFTS Setup / Annual Renewal Fee 1% Min.$125.00 LOANS & MORTGAGES Excess Overdraft Fee (in addition to encroachment rate) 1% Min. USD$50.00 Term 1 year minimum Unauthorized Overdraft Fee (in addition to encroachment rate) 2% Min. USD$50.00 For more details, please refer to your Relationship Manager Note: Overdraft interest rates are charged separately. See rate bulletin for rates. Notes: All figures are quoted in local currency unless otherwise stated. 10