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Service Charge

Statement of Charges

All figures in USD

EXPORTS

DOCUMENTARY CREDIT (DC)		Min	Max
DC Advising (SWIFT Charges extra)	0.125%	100	250
DC Pre-Advising (SWIFT Charges extra)	30
DC Confirmation (subject to Bank / Country Risk)	0.50%
DC Amendment (SWIFT Charges extra)	50
DC Transfer (per transfer) - SWIFT Charges extra, applicable for outside of Mauritius	0.25%		200
NEGOTIATION OF DOCUMENTS
Commission on Export Bills	0.25%	30
Usance Negotiation Fee	30
Document handling charges	30
Commission on unpaid bills	0.25%	30

IMPORTS

DOCUMENTARY CREDITS (DC)		Min	Max
DC Issuance	0.20% p.q.	100
Stand-By DC	0.25% p.q.	100
DC Cancellation	0.1%	30
DC Amendment
- Extension of Validity & Increase in Amount	0.20% p.q.	30
- Non Financial Amendment	30
NEGOTIATION OF DOCUMENTS
Commission on DC Bills	0.25%	30
Acceptance commission under DC	0.25%	30
Commission on Inward Collection Bills	0.25%	30
Reimbursement charge on Inward bills for collection	30
Document handling charges	30
Commission on overdue bills	0.125%	30
Commission on unpaid bills	0.25%	30

BANK GUARANTEES

A. FINANCIAL GUARANTEES
Issuance	3.00% p.a.	50
Amendments	3.00% p.a.	50
B. OTHER GUARANTEES
Issuance	2.40% p.a.	50
Amendments	2.40% p.a.	50

REMITTANCES

OUTWARD
Telegraphic Transfers (flat)	0.15%	20	50
Demand Draft Issuance	30
STOP Payment of Lost Draft	50
Issuance of Duplicate Draft	30
INWARD
Telegraphic Transfers	Free
Draft / Cheque Negotiation	50
Draft / Cheque Collection fee	15

OTHER CHARGES

Balance / Audit Confirmation	30
Standing Instructions (per year)	30
Courier	50
SWIFT - DC Issuance	30
SWIFT - others	20
Duplicate Statements - per page	10
Return of Funds (unapplied or requested)	20
Enquiry/Investigation via SWIFT (per Item)	10
Prematured Withdrawal of Deposit - Handling Charges		25
Prepayment of Loan - Handling Charges		25
Document presentation for payment to Local Banks	30

p.q. - per quarter
p.a. - per annum

NOTES:
Minimum Credit Balance to earn Interest:
USD 200,000 or equivalent in any other currency

The bank reserves the right to recover other out-of-pocket expenses wherever applicable and amend this tariff without prior notice.

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