Transaction Banking Cash and Trade Pricing Guide 2017 Vietnam Effective from December 15, 2017-1 -
Contents Cash Management: Account Services 2 Cash Management: Payments 3 Cash Management: Collections 4 Cash Management: Other Services 5 Trade Services 6 Terms & Conditions 12
Welcome Letter Dear Valued Client, Drawing on over 150 years of experience as a provider of international banking services, and more than 90 years in Vietnam, Standard Chartered actively drives value in its markets with a clear strategy for growth. Combining in-depth local knowledge with international capability, we offer innovative, award-winning financial products and services in many of the world s fastest growing markets. Transaction Banking is a significant business extending across our network. 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-added products, customized solutions and seamless transactions processing for the benefit of our clients. Our clients are at the center of everything we do, and we endeavour to keep them conversant with our product offerings and guidelines. Please find enclosed our latest pricing guide. Standard Chartered is committed to building a sustainable business over the long term and to 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.standardchartered.com or you may contact our Client Services Group at +84 8 3910 6116 for Ho Chi Minh City and +84 4 3936 8220 for Hanoi. Vu Thi Thu Le Head, Transaction Banking, Vietnam - 1 -
Cash Management: Account Services Account Services Minimum Monthly Average Balance Required (per client on consolidated balance) Minimum Balance Charge (if average monthly balance of all accounts is less than the required minimum balance) Account Closure fee (less than 1 year from opening date) VND100,000,000 or Equivalent VND500,000/ month Statement Charges Ad hoc statement request up to one year (exclude postage charge, if any) Retrieval of account statements more than one year (exclude postage charge, if any) Audit confirmation (exclude postage charge, if any) Confirmation Letter for all purposes (exclude postage charge, if any) Certification of advice (debit/ credit advice) VND100,000/ request per account VND600,000/ request per account VND400,000/ request VND500,000/ request VND25,000/ advice SWIFT Monthly Fee SWIFT Reporting (MT940/950/900/910) Setup Fee SWIFT Reporting (MT940/950/900/910) Monthly Fee VND1,600,000 VND800,000/ month Cash Transaction Charges Cash Over-the counter cash deposit Over-the counter cash withdrawal Below 100 transactions per month Between 100 to 1,000 transactions per month Above 1,000 transactions per month WAIVED 0.04%, min VND50,000; max VND1,000,000 0.08%, min VND100,000; max VND2,000,000-2 -
Payments Payment Services DOMESTIC PAYMENTS Book Transfers (Account to account transfer within Standard Chartered Bank Vietnam) WAIVED Local Bank Transfer Charge SHA/OUR Local payroll payments LCY low value payment VND25,000 high value payment 0.04% VND1,000,000 Local vendor payment LCY low value payment VND25,000 high value payment 0.04% VND1,000,000 Local bank transfer FCY 0.04% VND107,500 Local Bank Transfer Charge BEN (including payroll and vendor payments in LCY and FCY) low value payment high value payment BIDV Correspondent Bank Charge (If BEN Bank does not have CITAD code) Customs and Tax Payments (on top of local payment charges) Mobile Wallet Payments VND11,000 VND430,000 VND100,000 VND25,000 VND25,000 International transfer Outgoing telegraphic transfers (excludes correspondent bank fee & telex fee) Telex fee / fee VND430,000 VND64,500-3 -
Cash Management: Collections Cash Structured Solutions Standing Instructions (Recurring payments with fixed amounts) Miscellaneous Cancellation/amendment of instruction Domestic Payment International Payment VND200,000/ setup VND250,000 VND500,000 Collection Services Inward Transfer Incoming Domestic Transfer Incoming Telegraphic Transfer Virtual Account One-time-set up fee Monthly Service fee Virtual Account Transaction fee WAIVED WAIVED VND500,000 VND400,000/ month VND20,000/ transaction Vietnam - 4 -
Cash Management: Other Services Liquidity Management Services Automated account to account transfer within Standard Chartered Bank in Vietnam One-time-set up fee Monthly Service fee VND1,000,000/ structure VND500,000/ account per month Straight2Bank - Channel Services Electronic Banking Solutions tailoring to clients needs Straight2Bank Web Setup Straight2Bank Web Monthly Maintenance fee Vasco Tokens WAIVED VND400,000/ token Other General Charges Fax (on request) Tracer Courier fee Postage fee Local: VND43,000/page; Overseas: VND107,500/page / tracer Local: VND107,500; Overseas: VND215,000-5 -
Trade Trade Services IMPORTS LETTERS OF CREDIT (LC) LC Issuance Irrevocable LC issuance Discretionary charges for lengthy LC (more than 4 pages) LC Amendment Extension of LC validity Same as Issuance fee Increase in LC value Same as Issuance fee Other amendments Cancellation for Un-utilised LC Cancellation fee Import Bills under LC Payment of Import bills Handling commission 0.2% Usance Import bills Acceptance of Usance drafts B/L Endorsement Endorsement Fee Other fees (to be applied under Import LC) Discrepancy fee (deducted from LC Amount at payment) Reimbursement fee (deducted from LC Amount at payment) VND2,150,000-6 -
Trade Services Vietnam COLLECTIONS Import Bills for Collection (DA/DP) Payment of Import bills Handling commission 0.2% VND4,300,000 Non-Payment of Import bills Handling commission 0.125% VND3,225,000 Acceptance of Usance bills Advice of acceptance Long outstanding bills - Bill not settled/accepted within 1 month after presentation; - Accepted bill not settled within 2 months after maturity date; / month Avalisation of Usance Import Bills Avalisation commission SHIPPING GUARANTEE Issuance fee VND4,300,000 - Under LC VND2,150,000 - Not under LC VND4,300,000 Maintenance fee (for shipping guarantee not returned for cancellation after 30 days from issuance) VND2,150,000/ month, after 1 month unredeemed - 7 -
Trade Services EXPORTS LETTERS OF CREDIT (LC) LC Confirmation Confirmation fee (subject to bank and country limit availability) VND6,450,000 LC Transfer Full/ partial Transfer Transfer fee (on amount transferred) 0.15% VND2,150,000 Amendment of LC Transfer Extension of LC validity Same as Transfer fee Increase in LC amount Same as Transfer fee Other amendments, if any Export bills under LC Collection of Export bills Handling commission 0.25% VND6,450,000 Courier Trace cable, if any / tracer Negotiation of Export bills Handling commission 0.25% VND6,450,000 Courier Trace cable, if any /tracer Negotiation interest Advice of Acceptance of Usance draft VND322,500-8 -
Trade Services Vietnam COLLECTIONS (DA/DP) Export bills not under LC Export bills sent for Collection Handling commission 0.25% VND6,450,000 Courier Trace cable, if any / tracer Discount of Export bills for Collection Handling commission 0.25% VND6,450,000 Courier Trace cable, if any /tracer Discount interest Others Amendment to Collection instructions Acceptance Advice of Usance Draft VND215,000 TRADE FINANCING Invoice Financing Pre-shipment Financing Import Loans SUPPLY CHAIN FINANCE PROGRAMME Buyer Finance Programme Supplier Finance Programme Handling commission Setup fee for S2B Receivable Services Handling commission - 9 -
Trade Services GUARANTEE Guarantee/SBLCL Issuance Issuance commission, if any Postage, if any Amendment to Guarantee / SBLC Extension of Guarantee/ SBLC validity Increase in value Other amendments, if any Postage, if any Others Non-standard Guarantee text Vetting translation for the Guarantee text (on top of nonstandard guarantee text) Cancellation of Unexpired guarantee, if any VND 4,300,000 Local: VND107,500; Overseas: VND215,000 Same as Issuance fee VND4,300,000 Same as Issuance fee VND4,300,000 Local: VND107,500; Overseas: VND215,000 VND2,150,000 Claim handling commission 0.1% Confirmation of Guarantee/SBLC issued by our correspondents VND2,150,000 VND21,500,000-10 -
Trade Services Vietnam REIMBURSEMENT UNDERTAKING Reimbursement fee, in case Standard Chartered Bank Vietnam acts as the Reimbursement Bank under an L/C Reimbursement Undertaking fee fee VND3,225,000 VND537,000 OTHER CHARGES LC/LG Advising Pre-advice fee Original & Amendment LC/LG Advising Amendment of Second Advising Bank or Beneficiary (after original LC has been advised out), if any Postage VND322,500 VND645,000 VND2,150,000 VND107,500 Other General Charges Aborted transaction Handling fees Fax (on request) Tracer fee Courier fee Postage fee Extra copy of Documents Local: VND43,000/page; Overseas: VND107,500/page / tracer Local: VND107,500; Overseas: Local: VND107,500; Overseas: VND215,000 VND43,000/ one extra copy - 11 -
Terms & Conditions Vietnam NOTE: Low Value Transaction is transaction with the amount less than VND500 Million. High Value Transaction is transaction with the amount equal or more than VND500 Million. Standard interest rate as defaulted for Current Account is 0% p.a. All fees are excluded of 10% VAT and third party/ correspondent bank charges unless specified otherwise. The fees and charges specified in this pricing guide are subject to change by Standard Chartered Bank or its subsidiaries without prior notice. Charge in currencies other than VND is only applicable for transaction that is allowed to be charged in foreign currency. Charge amount will be based on VND tariff with exchange rate applied by Standard Chartered Bank or its subsidiaries. For details of specialized products or structured cash solutions, please contact your Relationship Manager or Transaction Banking Sales. 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, representative and branch offices in any jurisdiction. - 12 -
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