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    Trade Finance Pricing Guide

    Uploaded by

    Khang
    This document outlines the fee schedule for various trade finance services provided by DBS Bank with effect from September 1, 2020. It details fees for import/export letters of credit, collections, guarantees, and other related services. Fees typically range from 0.125% to 2% of the transaction amount per month, with minimum fees of $80-200. Additional charges apply for amendments, discrepancies, transfers, late payments, and other administrative services. All fees are subject to change at the bank's discretion.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Trade Finance Pricing Guide

    Uploaded by

    Khang
    79 views4 pages
    This document outlines the fee schedule for various trade finance services provided by DBS Bank with effect from September 1, 2020. It details fees for import/export letters of credit, collections, guarantees, and other related services. Fees typically range from 0.125% to 2% of the transaction amount per month, with minimum fees of $80-200. Additional charges apply for amendments, discrepancies, transfers, late payments, and other administrative services. All fees are subject to change at the bank's discretion.

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    This document outlines the fee schedule for various trade finance services provided by DBS Bank with effect from September 1, 2020. It details fees for import/export letters of credit, collections, guarantees, and other related services. Fees typically range from 0.125% to 2% of the transaction amount per month, with minimum fees of $80-200. Additional charges apply for amendments, discrepancies, transfers, late payments, and other administrative services. All fees are subject to change at the bank's discretion.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    79 views4 pages

    Trade Finance Pricing Guide

    Uploaded by

    Khang
    This document outlines the fee schedule for various trade finance services provided by DBS Bank with effect from September 1, 2020. It details fees for import/export letters of credit, collections, guarantees, and other related services. Fees typically range from 0.125% to 2% of the transaction amount per month, with minimum fees of $80-200. Additional charges apply for amendments, discrepancies, transfers, late payments, and other administrative services. All fees are subject to change at the bank's discretion.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    TRADE FINANCE SERVICE FEE SCHEDULE

    (with effect from 1st September 2020)

    (A) Import LC

    i. LC Issuance (Sight / Usance) 1/8% per month. Min 2 months, but not less
    than S$80.

    ii. Usance LC acceptance / Deferred Usance LC: 1/8% of bill amt per month, from
    payment commission expiry date of LC to due date. Min S$80

    iii. Discrepancy Fee US$80 (or S$110)

    iv. Import LC Amendment

    - Extension of LC expiry / validity 1/8% per month on outstanding balance.


    Min S$80

    - Amount 1/8% per month on the difference between


    increased amount & original amount. Min 2
    months. Min S$80

    - Others, including LC cancellation S$80

    v. Withdrawal of application before issuance S$50

    vi. LC swift/cable cost S$100

    vii. Processing fee under advance payment S$100


    arrangement**

    (B) Drawings under Import LC

    i. Excess drawing 1/8% per month on excess portion. Min 2


    months or S$80

    ii. Drawing against expired LC 1/8% per month, from LC expiry date to
    payment date. Min S$80

    iii. Commission-in-lieu of exchange* 1/8% flat. Min S$80

    (C) Export LC / Incoming SBLC

    i. Advising LC/Amendment/SBLC
    - Commission Client: S$30
    Non-Client : S$60

    - Advising through LC/Amendment Client/Non-Client : S$125


    (to 2nd advising bank)

    Co. Reg. No. 196800306E August 2020


    ii. Negotiation/Handling under LC
    - Commission Client : 1/8% flat, Min S$80
    Non-Client : 1/8% flat, Min S$200

    - For restricted LC: Issuance of indemnity in 1/8%, Min 2 months or S$80


    favour of restricted bank

    - Commission-in-lieu of exchange* 1/8% flat. Min S$80

    iii. Export LC/SBLC Confirmation Subject to quotation

    iv. Export LC

    - Full / Partial Transfer with / without substitution Subject to arrangement (Min 0.25%, but not
    less than S$500)

    - Amendments Increase in amount: Same charges as LC


    transfer
    Text only: S$80

    v. Collection Service – Presentation of Demand & 1/8% flat. Min S$200


    Documents under SBLC through DBS

    vi. Export proceeds remittance in


    favour of

    - own account with another bank S$80


    - third party account with another bank 1/8% flat, Min S$125

    (D) Documentary Collections

    i. Import / Inward Doc Collections

    - Commission 1/8% flat. Min S$80

    - Re-presentation Charge Charge as a new transaction

    - Document released free of payment 1/8% flat. Min S$80

    - Holding fee $50 per month after 2 months

    ii. Export / Outward Doc Collections 1/8% flat, Min S$80

    - Holding / Maintenance fees for unpaid S$50 per month


    or returned items Sight bills: After 2 months' grace
    Term bills: After 2 weeks' grace from maturity
    date

    - Amendment to collection instructions S$30 flat

    iii. Tracers for import / export collections S$30 each (all-in)

    iv. Commission-in-lieu of exchange* 1/8% flat. Min S$80

    Co. Reg. No. 196800306E August 2020


    (E) Shipping Guarantee / Air Waybill Endorsement

    i. Where banks handles documents under S$80


    DBS LC

    ii. Where bank handles documents under 1/4% flat min S$80
    Inward Bill Collection

    iii. Guarantees Outstanding / Unredeemed 1/4% per month. min S$80 (outstanding after
    Guarantee 30 days)

    (F) Bankers Guarantee / Standby Letter of Credit

    i. Issuance (Direct) Financial Guarantee: 2% p.a.


    Performance Guarantee: 1%
    p.a. up to 2 years
    1.5% p.a. above 2 years

    Min commission:
    S$150 (BG-Standard format)
    S$250 (BG-Non-Standard format)

    Issuance (Indirect) Subjected to quotation


    Min commission:
    US$500 (Standard format)
    US$1000 upwards (Non-standard format) depending
    on complexity,
    plus overseas bank issuance charges

    Issuance (against Incoming Counter Subject to quotation


    Guarantee/Counter Standby)

    ii. Amendment

    - Tenor Same as Issuance Commission, subject min


    S$150

    - Amount Same as Issuance Commission, subject min


    S$150

    - Others S$100

    iii. BG Advising Client : S$30


    Non-Client: S$60

    Authentication of hardcopy BG (issued S$200 flat


    by other bank)

    iv. Handling of Inward Claims under BG/SBLC Same as Issuance Commission, subject to
    issued by us (Pay or Extend) min S$200 (min. S$200 is payable whether
    extended or not)

    v. Collection Service
    - Presentation of Demand & Documents under 1/8% flat, Min S$200
    BG through DBS

    vi. Request for Transfer/Acknowledgement of Subject to arrangement (min 0.25% but not
    Notice of Assignment or Transfer of BG/SBLC less than S$500)

    Co. Reg. No. 196800306E August 2020


    vii. Miscellaneous fees Vetting Fee, Cancellation Fee, Certified true
    copy, Re-Issue of Guarantee (incorporating
    amendments), where applicable at min S$200
    upwards

    viii. Others Tracer Fees S$10, Postage S$2, Courier S$10


    (local) min S$25 upwards (overseas),

    ix. Processing fee under advance payment


    S$100
    arrangement**

    (G) Other charges

    For other financing transactions such as Invoice Handling fees: 1/8% flat. Min S$100
    Financing (BRS, BRD, Direct BRP), Loan Packing
    Credit, etc., a handling fee is applicable in
    addition to interest charges.

    Trade Solution Fee for Structured Facility Up to 0.25% flat. Min SGD10,000

    Past due handling charge S$80 flat per item

    Commission-in-lieu of exchange* 1/8% flat. Min S$80

    Reimbursement S$100 flat

    Assignment of proceeds to third party 1/8% flat. Min S$80

    Swift/cable cost S$30 per swift/cable

    Withdrawal of application before financing S$50

    Notes:
    *Commission-in-lieu of exchange is applicable where foreign currency trade transactions are settled
    without foreign currency conversion.
    **Processing fee is chargeable when LC/BG/SBLC amount is paid in full to the bank upfront in order
    for the bank to issue the instrument under advance payment arrangement.
    The above pricing schedule applies to trade fees & commissions charges only. All incidental charges
    such as postage, courier & swift/cable are excluded.
    Please note that all pricings mentioned above are for indicative purpose only and are subject to the
    bank’s discretion.
    For more information on these charges, please contact DBS BusinessCare at 1800 222 2200.

    Co. Reg. No. 196800306E August 2020

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