New pricing parameters of operations with letters of credit and bank guarantees
Dear clients,
We would like to inform you that, with effect from June 10, 2019, RCB Bank introduces new pricing parameters of operations with letters of credit and bank guarantees for corporate clients.
All other Commissions and Charges of the Bank remain unchanged.
Basic pricing parameters of guarantee operations
Bank Guarantees
| Service | Charges |
|---|---|
|
Issue of Bank Guarantee on cash covered basis |
0,083% per month, min. 0,25% or 50 EUR (whichever is higher) |
|
Issue of Bank Guarantee within a credit limit |
0,15% per month, min. 0,45% or 50 EUR (whichever is higher) |
|
Extension of Bank Guarantee on cash covered basis |
0,083% per month |
|
Extension of Bank Guarantee within a credit limit |
0,15% per month |
|
Issuance / Extension fees for Bank Guarantees favour of the Civil Registry and Migration Department (once off fee for up to 10 year tenor) |
100 EUR (for BG amount 850 EUR) |
|
Amendment of Bank Guarantee |
50 EUR (per amendment) |
|
Cancellation of Bank Guarantee before approval |
20 EUR |
|
Handling commission (applicable only when RCB Bank Ltd pays a claim) |
0,25% min 10 EUR max 500 EUR |
|
Claim fees (applicable only when RCB Bank Ltd pays a claim) |
100 EUR |
|
Advising a Bank Guarantee (without responsibility) |
0,1% min. 50 EUR, max. 100 EUR |
|
Advising an amendment of Bank Guarantee (without responsibility) |
50 EUR (per amendment) |
|
Issuance fees for Bank Guarantees issued under Inward Counter Guarantees |
According to Country/Bank Risk min 100 EUR |
|
Swift fees |
10 EUR |
|
Courier charges |
35 EUR (for abroad) / 10 EUR (for local) |
|
Postages |
2 EUR (for abroad) / 1 EUR (for local) |
|
Evaluation of complicated cases |
50 EUR – 250 EUR (Ad-hoc fee) |
Basic pricing parameters of operations with Letters of Credit
| IMPORT LETTERS OF CREDIT | |
|---|---|
| Service | Charges |
| Issue of letter of credit on prepaid or cash covered basis | 0,083% per month, min. 0,25% or 50 EUR (whichever is higher) |
| Issue of letter of credit within a credit limit | 0,15% per month, min. 0,45% or 50 EUR (whichever is higher) |
| Extension of letter of credit on prepaid or cash covered basis | 0,083% per month |
| Extension of letter of credit within a credit limit | 0,15% per month |
| Amendment of a letter of credit | 50 EUR (per amendment) |
| Acceptance Commission of letter of credit on prepaid or cash covered basis | 0,083% per month, min. 0,25% or 50 EUR (whichever is higher) |
| Acceptance Commission of letter of credit within a credit limit | 0,15% per month, min. 0,45% or 50 EUR (whichever is higher) |
| Handling commission (not applicable when Letter of Credit under nomination) | 0,25% min. 10 EUR, max. 1000 EUR |
| Handling of documents (examination - under a letter of credit nomination) | 0,25% min. 250 EUR, max. 1000 EUR |
| Discrepant documents under a letter of credit | 80 EUR |
| Payment/ Reimbursement fees | 50 EUR |
| Courier charges | 35 EUR (for abroad) / 10 EUR (for local) |
| Postages | 2 EUR (for abroad) / 1 EUR (for local) |
| Evaluation of complicated cases | 50 EUR – 250 EUR (Ad-hoc fee) |
| Swift fee | 10 EUR |
| EXPORT LETTERS OF CREDIT | |
|---|---|
| Service | Charges |
| Letter of Credit advising | 0,1% min. 50 EUR, max. 100 EUR |
| Advising of amendment of Letter of Credit | 50 EUR |
| Handling commission (not applicable when Letter of Credit under nomination) | 0,25% min. 10 EUR, max. 1000 EUR |
| Handling of documents (examination - under a Letter of Credit nomination) | 0,25% min. 250 EUR, max. 1000 EUR |
| Payment / Execution commission | 0,3% min. 30 EUR, max. 100 EUR |
| Discrepancy fees | 80 EUR |
| Pre-checking of documents | Min. 50 EUR |
| Reimbursement fees | 50 EUR |
| Courier charges | 35 EUR (for abroad) / 10 EUR (for local) |
| Postages | 2 EUR (for abroad) / 1 EUR (for local) |
| Evaluation of complicated cases | 50 EUR – 250 EUR (Ad-hoc fee) |
| Swift fee | 10 EUR |
| Cancellation commission | 25 EUR |
| Confirmation commission | According to Country/Bank risk, min. 100 EUR |
