Bills Service Charges

Inward Bills
  • Opening Irrevocable Documentary Credits
    • On the first US$50,000.00 or equivalent, 1/4% for each validity period of 6 months or part thereof, minimum HK$400.00
    • On any balance in excess of US$50,000.00, 1/8%
    • On credits calling for usance drafts with reimbursement instructions that the issuing bank undertakes to pay the negotiating bank on maturity of the draft, an additional charge of 1/16% per month (or part thereof) for the usance of the bill drawn thereunder shall be charged, minimum HK300.00
    • Commission shall be paid in full at the time a Documentary Credit is issued
  • Opening Back-To-Back Documentary Credits
    • Charges as for the opening of irrevocable documentary credits, except minimum charge HK$600.00
  • Opening Stand-by Credits
    • On the first HK$1,000,000.00 or equivalent, 1/8% for each month of the validity of the credit, minimum HK$400.00
    • On any balance in excess of HK$1,000,000.00, negotiable
  • Opening Revolving Documentary Credits
    • Opening charges as (1) above
    • Drawings up to the face value of the credit to be free of commission and thereafter 1/8% to be levied on all drawings, minimum HK$400.00
  • Amendments to Documentary Credits
    • A flat charge of HK$350.00 except increases in amounts or extensions in validity, for which the usual commission will be charged as for the opening of irrevocable documentary credits. For Back to Back L/C, minimum charge HK$450.00
  • Inward Bills for Collection
    • On the first US$50,000.00 or equivalent, 1/8% (minimum HK$300.00)
    • On any balance in excess of US$50,000.00, negotiable
  • Shipping Guarantees
    • A flat charge of HK$300.00 will be collected for each guarantee issued. In the event that the relative documents are not received by our bank within 3 months, an additional charge of 1/4% of the invoice value of the goods (minimum HK$400.00) will be charged on the first US$50,000.00 or equivalent, on any balance in excess of US$50,000.00, negotiable
  • Commission on drawings under our HK$ Documentary Credits
    • On the first US$50,000.00 or equivalent, 1/4% (minimum HK$300.00)
    • On any balance in excess of US$50,000.00, negotiable
  • Commission in Lieu of Exchange
    • On the first US$50,000.00 or equivalent, 1/4% (minimum HK$300.00)
    • On any balance in excess of US$50,000.00, negotiable
  • Documentary Credit Overdrawn Commission
    • 1/4% on excess amount, minimum HK$400.00
  • Discrepancy Fee
    • A flat charge of HK$400.00 / US$50.00 (or equivalent)
  • Invoice Financing
    • On the first US$50,000.00 or equivalent, 1/4% (minimum HK$400.00)
    • On any balance in excess of US$50,000.00, 1/8%

(* The above handling commission are subject to change with prior notice. *)

Outward Bills
  • Commission on Export Bills Purchased
    • For Foreign Currency Bills:
      • On amounts less than US$10,000.00 or equivalent, minimum handling charge HK$150.00 as Small Amount Bill Commission.
      • On amounts over US$10,000.00, free
    • For HK Dollars Bills:
      • On the first US$50,000.00 or equivalent, 1/4% (minimum HK$300.00)
      • On any balance in excess of US$50,000.00, negotiable
  • Acceptance or Deferred Payment Undertaking under other banks' Documentary Credits
    • Acceptance commission or deferred payment commission will be charged at 1/16% per month, or part thereof, for the validity of the acceptance or for the deferred period of payment, minimum HK$300.00
  • Commission on Documentary Bills presented to other local banks for negotiation
    • "without recourse":
      • On the first US$50,000.00 or equivalent, 1/8% (minimum HK$300.00)
      • On any balance in excess of US$50,000.00, negotiable
    • "with recourse":
      • On the first US$50,000.00 or equivalent, 1/4% (minimum HK$300.00)
      • On any balance in excess of US$50,000.00, negotiable
  • Advising Commission on Documentary Credit / Amendment
    • A flat charge of HK$250.00 for each item
  • Commission on Transfer of Documentary Credits
    • Simple Transfer of the Whole of a Documentary Credit without any Alteration to the original Terms and Conditions. HK$400.00 for local transfer, HK$450.00 for foreign transfer
    • Partial Transfer or Transfer involving Alterations to the Terms and Conditions of the original Documentary Credit. :
      • On the first US$50,000.00 or equivalent, 1/4%
      • On any balance in excess of US$50,000.00, negotiable
      • Minimum charge for: 
        • Local Transfer HK$600.00
        • Foreign Transfer HK$650.00
    • The flat charge for each amendment thereto will be HK$300.00 except increases in amounts, for which the usual commission will be charged as for the transferring of Documentary Credits
  • Confirmation of Documentary Credits opened by other banks
    • 1/16% per month, or part thereof, for the validity of the documentary credit (minimum charge HK$300.00). In those cases where we are asked to add confirmation to credits which provide for deferred payment, an additional charge of 1/16% per month should be levied covering the period from the expiry date of the credit to the latest date on which deferred payment may be received (minimum HK$300.00)
  • Outward Bills for Collection
    • On the first US$50,000.00 or equivalent, 1/8% (minimum HK$300.00)
    • On any balance in excess of US$50,000.00, negotiable
  • Commission in Lieu of Exchange
    • On the first US$50,000.00 or equivalent, 1/4% (minimum HK$300.00)
    • On any balance in excess of US$50,000.00, negotiable
  • Reimbursement
    • A flat charge of HK$400.00 for each item
  • Commission on negotiation of Foreign Currency Bills for which we are not providing immediate finance
    • On the first US$50,000.00 or equivalent, 1/8% (minimum HK$300.00)
    • On the balance in excess of US$50,000.00 or equivalent, negotiable
  • Commission on Checking Export Documents drawn under Documentary Credit
    • A flat charge of HK$250.00 for each item
  • Commission for direct settlement of bills between buyers and sellers
    • A flat charge of HK$200.00 for each item
  • Commission for refund of financed export bills
    • A flat charge of HK$200.00 for each item
  • Commission for packing loan
    • A flat charge of HK$200.00 for each application / extension
    • A flat charge of HK$200.00 for packing loan not retired by relative export proceeds

(*The above handling commission are subject to change with prior notice.*)

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