| Service/Item |
Charges (HK$) |
Rate |
Minimum |
| 1. DC Advising and Confirmation |
| Advice of DC and amendment |
|
|
| As first advising bank |
|
$300 per transaction |
| As second advising bank |
|
$300 per transaction |
| Commission on cancellation of DC |
|
|
| Cancellation of Advising of DC |
|
$250 per transaction |
| Cancellation of Transferred DC |
|
$300 per transaction |
| Confirmation of DC opened by other banks |
|
|
| Confirmation for normal countries |
1/16% per month |
$350 |
| Confirmation for specific countries |
1/8% per month |
$600 |
| Additional for deferred reimbursement from expiry date to the latest payment is received |
1/16% per month |
$300 |
|
| 2. Transfer of DC |
| Without alteration |
i. Transferee inside Hong Kong |
|
$400 per transaction |
| ii. Transferee outside Hong Kong |
|
$450 per transaction |
| With alteration |
i. Transferee inside Hong Kong |
1/4% on 1st USD50K
or eqv., 1/8% on balance |
$650 |
| ii. Transferee outside Hong Kong |
1/4% on 1st USD50K
or eqv., 1/8% on balance |
$700 |
| Amendment |
For increasing amount |
|
|
| i. Transferee inside Hong Kong |
1/4% on 1st USD50K
or eqv., 1/8% on balance |
$650 |
| ii. Transferee outside Hong Kong |
1/4% on 1st USD50K
or eqv., 1/8% on balance |
$700 |
| Terms & conditions |
|
|
| i. Transferee inside Hong Kong |
|
$400 per transaction |
| ii. Transferee outside Hong Kong |
|
$400 per transaction |
|
| 3. Export Loans/Advances |
| Advances for Export Bills |
i. Handling charges on HKD bills purchased with or without DC |
1/4% on 1st USD50K or eqv.,
1/8% on balance |
$350 |
| |
ii. Export bills sent to local bank for collection or negotiation on with/without recourse basis and purchased in advance by us |
1/4% on 1st USD50K or eqv.,
1/8% on balance |
$350 |
| |
iii. Small amount Export bills purchased (Bills amount less than or equal to USD10,000.00 or its equivalent) |
|
$200 per transaction |
| |
iv. Non-DC bills purchased |
|
$150 per transaction |
| Account Receivables Financing |
1/4% on 1st USD50K or eqv., 1/8% on balance |
$300 |
| Packing Loan |
|
|
|
| Commission on Packing Loan |
|
$300 per transaction |
| Each extension of a packing credit |
|
$200 per transaction |
| Direct settlement of Packing Loan |
1/4% |
$300 |
|
| 4. Export Bills for Collection |
| Handling charges on DC/non-DC collection bills |
1/8% |
$350 |
| Export DC sent to local banks for negotiation on |
|
|
| |
i. With recourse and with/without LG countersigned |
1/4% on 1st USD50K or eqv., 1/8% on balance |
$350 |
| |
ii. Without recourse and without LG countersigned |
1/8% on 1st USD50K or eqv., 1/16% on balance |
$350 |
|
| 5. General Charges |
| Checking Commission for Export bills under DC |
|
$300 per transaction |
| Direct settlement of Export bills |
|
$300 per transaction |
| Overdue bills commission/Long outstanding bills commission (Dormant Export Bills) |
|
|
| |
i. Sight bill unpaid 4 months |
|
$500 per quarter |
| |
ii. Usance bill unpaid 1 month after due date |
|
$500 per quarter |
| Handling commission for export bill over one year |
1/8% per year |
$350 |
| Commission in lieu of exchange on Export bills |
1/4% on 1st USD50K or eqv., 1/8% on balance |
$350 |
| Amendment to original payment terms of Export bills |
|
$200 per transaction |
| Partial Settlement |
|
$50 per item |
| Acceptance / Deferred payment commission |
1/16% per month (subject to our prior approval) |
$350 |
| Handling commission on Report loss of DC |
$300 + $300 per amendment if any, cable $200 + $100 (HKAB Cost) |
| Reimbursement Commission |
|
$400 per transaction |
|
| 6. Other Charges |
| Issuance of Cashier Order |
|
|
$35 per transaction |
| Cable Charges |
|
|
$200 |
| Postage |
i. Hands Delivery |
|
$30 |
| ii. Overseas |
|
$80 |
| iii. Documents to each additional party |
|
$40 |
| iv. Express airmail fee |
|
$90 |
| v. Local Courier / DHL |
|
$60 |
| vi. Courier / DHL |
|
Refer bank price list |
| vii. Speed post |
|
Refer bank price list |
| viii.China Courier |
|
Refer bank price list |
| RTGS CHATS |
HK$ CHATS payment |
|
HK$100 per transaction |
| US$ CHATS payment |
|
US$25 or eqv., per transaction |
| Verification of signature on document |
|
$100 per transaction |
|
