Standard Chartered Bank (Hong Kong) Limited Trade Services Schedule of Standard Charges Doc Version 2.0 1 (Effective 01 July 2015) 1 Version 2.0 is issued on 01 October 2015 to include the Handling Charges for Cross Border Export Document Presentation for completeness of the Trade Service Schedule of Standard Charges.
Imports Opening on Documentary Credits Irrevocable Documentary Credits per 6-month validity period or part thereof (minimum HKD500) Back-to-back Documentary Credits Revolving Documentary Credits 1/2% on USD1 USD50,000; 3/16% on USD50,001 USD100,000; 1/8% on USD100,001+ per 6-month validity period or part thereof (minimum HKD1,000) HKD250 each for issue of multiple Documentary Credits, supplementary to opening commission. per 6-month validity period (minimum HKD500) - Drawing : - up to face value - thereafter Nil 1/8% on USD1 USD50,000; 1/16% on USD50,001+ on all drawings (minimum HKD500 per drawing) Extra Handling: i) Local LC delivers to beneficiary by courier / over the counter ii) Where considerable assistance is given to the importer in establishing a documentary credit a charge may be levied as extra handling. Standby Documentary Credits Documentary Credit Overdrawn on Usance Drafts / Deferred Payment Undertakings USD10 HKD500 1/6% flat for each month of the validity of the credit (minimum HKD1000) Same as opening commission 1/16% flat for each month (or part of a month/the deferred payment period) (minimum HKD400 in addition to documentary credits opening commission) 2
Imports Amendment on Documentary Credits Increase in amount or extension of validity period exceeding 6 months i) Irrevocable Documentary Credits ii) Back-to-back Documentary Credits iii) Revolving Documentary Credits Same as opening of Documentary Credits. Other amendments and extension of validity period within 6 months i) Irrevocable Documentary Credits ii) Back-to-back Documentary Credits iii) Revolving Documentary Credits HKD500 per amendment HKD1000 per amendment HKD500 per amendment Amendments to Standby Documentary Credits i) Increase in amount and extension of validity ii) Other amendments Same as opening of Documentary Credits HKD500 per amendment Shipping Guarantees Shipping Guarantee issues Amendment Additional charge if relative documents not received through this Bank Unredeemable Guarantees HKD300 flat per guarantee HKD200 flat per guarantee of invoice value of the goods (minimum HKD300) of invoice value of the goods (minimum HKD500) Import Bills for Collection Overdue Bill Direct Settlement Lodgement of Accepted Draft / Written Undertaking 1/8% flat HKD350 per month or part thereof HKD350 flat per bill HKD150 flat per bill 3
Imports Import Invoice Financing of financed amount (minimum HKD450) Other Charges Upon presentation of bills to ourselves drawn under our import letters of credit, a charge may be deducted from the bill proceeds to be remitted (for account of the beneficiary): i) When handling discrepant documents USD80 (or equivalent) per discrepant presentation ii) Reimbursement commission is deducted from bill proceeds where we are required to effect payment upon receipt of a direct claim upon ourselves. USD65 (or equivalent) per presentation on HKD Bills Paid Under Documentary Credits issued by this Bank/ Without Documentary Credits Guarantees and Bonds Guarantees / Performance Bonds / Surety Bonds 1/6% for each month of the duration of the guarantee or the validity of the credit (minimum HKD1000) Amendment to Guarantees and Bonds i) Increase in amount or extension of validity ii) Other amendments Issuance contains non-standard wording Terms vetting and subsequently withdraw application Same as opening commission HKD500 per amendment HKD300 per guarantee HKD500 per guarantee 4
Exports Bills Purchased Under Documentary Credits Documentary Bills covering Exports passed to other Local Banks for Negotiation or Collection: i) Discounted by us Presented for Negotiation or Collection WITH / WITHOUT Recourse ii) NOT discounted by us Presented for Negotiation or Collection WITH Recourse iii) NOT discounted by us Presented for Negotiation or Collection WITHOUT Recourse HKD Bills Purchased Without Documentary Credits and HKD Bills Negotiated Under Documentary Credits issued by Correspondent Banks Documentary handling charge (this charge is collected in addition to all other charges that are applicable to the transaction) Discrepant documents presented by a non borrowing customer that require telex authorization from opening bank to accept. (this charge is in addition to Documentary handling charge above) Re-presentation of previously discrepant documents Special handling charge for bills with face amount less than USD10,000 or its equivalent in other currencies Reimbursement Fee - Collected under USD export LC 1/8% flat 1/4% on USD1 50,000; 1/8% on USD50,001+ HKD350 flat per bill for borrowing customer HKD500 flat per bill for non borrowing customer HKD500 flat per bill for L/Cs confirmed by us for non borrowing customer HKD200 flat per bill (any telex costs are charged separately) HKD100 flat per bill in addition to checking fee of HKD350/HKD500 HKD150 flat per bill USD10 will be claimed at the time of reimbursement for LC stipulated all bank charges for account of applicant HKD80 / USD10 for LC stipulated all bank charges outside the issuing bank country are for account of beneficiary (i.e. SCB customer) 5
Exports Bills Purchased Not Under Documentary Credit HKD150 flat per bill Confirmation of Documentary Credits Confirmation of Export Documentary Credits Confirmation of Credits Provided for Deferred Reimbursement A charge for the validity of the letter of credit will be quoted upon request dependent upon the type of risk undertaken (minimum HKD450 + special handling fee USD20) In addition to the charge above (under this category), a further charge will be quoted dependent upon the type of risk undertaken, from the expiry date of the letter of credit to the latest date on which deferred payment may be received. Other Charges Advising Correspondent Banks Documentary Credits and Credit Amendments HKD300 for client HKD330 for non-client (Per credit inclusive of postage/courier fee) HKD300 will be collected if SCB is the second advising bank. on acceptance of a Draft Drawn on this bank under another Bank s Documentary Credit a) 1/16% flat for each month or part of a month; (minimum HKD400) OR b) At a rate determined by the Bank dependent upon the type of risk assumed 6
Exports Transfer of Documentary Credits Without alternation to the terms and conditions With alternation to the terms and conditions HKD500 flat per transfer per transfer (minimum HKD700) HKD250 each for issue of multiple Documentary Credits, supplementary to opening commission Amendment to Transferred Documentary Credits i) Increase in credit amount ii) Other amendments Documentary Credit Overdrawn (minimum HKD700) HKD500 flat per amendment (minimum HKD700) Bills Sent for Collection Overdue Bill - Bills drawn at sight unpaid 4 months from date of dispatch - Unpaid accepted bills 3 months from due date Special Handling Charge for Export Bills with face amount less than USD10,000 or its equivalent in other currencies Direct Settlement 1/8% flat HKD600 per bill will be levied for each period of three months (or part thereof) HKD150 flat HKD350 flat Export Preshipment Loan Issuance HKD450 flat Handling fee for Expired Preshipment LC without drawing HKD300 flat Export Invoice Financing of financed amount (minimum HKD450) 7
Others Other General Charges for Imports and Exports In Lieu of Exchange (Payable where foreign currency is tendered, in whole or in part, in payment of a debt or obligation in the same currency.) Chats Charges HKD USD Telex and Postal Charges i) Telex sent on behalf of client ii) iii) iv) Documentary Credit Issuance Documentary Credit Amendment Additional charge for each import/export telex editor screen used v) Courier Charges for sending documents / drafts Handling Charges for Cross Border Export Documents Presentation HKD200 USD25 Levied at current telex rates per each telex (minimum HKD250 / USD32 for client; HKD350 / USD45 for another party) HKD550 (minimum) HKD250 (minimum) HKD4 per line HKD60 (minimum for local) HKD160 (minimum overseas) USD70 Receivable Services Debtor Checking Fee Debtor Assessment Fee Field Survey Fee Irregularity Items Administration Fee Debtor Annual Maintenance Fee HKD500 per debtor HKD500 per debtor HKD3,700 per visit (Up to 6 buyers and HKD250 for each additional buyer thereafter) HKD200 per transaction HKD800 per debtor 8