HomeRates & FeesIslamic Trade Finance Services Fees
Islamic Trade Finance Services Fees

Islamic Trade Finance Services Fees

Access information on our rates and fees

Trade Services (Import & Domestic Purchase)

Letter of Credit-i
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Fees Amount / Rate
Issuance Commission 0.1% of LC-i Amount per month or part thereof or RM100, whichever higher
  Type of Charges Amount
Amendment Commission (amount / tenor) If related to extension or increase in amount 0.1% per month or part thereof, Min RM50
Amendment Commission (others) If not related to extension or increase in amount RM50
Acceptance Commission on Usance Credits 0.1% per month or part thereof or RM100, whichever higher
 
Fees Amount / Rate
Issuance Commission From 0.1% per month or part thereof, inclusive of any claim period, with minimum of RM100, whichever is higher
Amendment Commission (amount / tenor) From 0.1% per month or part thereof, with minimum of RM100, whichever is higher
Non-Return of Bank Guarantee-i (3 months after expiry / claim date) From 0.1% to 0.125% per month or 1.5% per annum on the guaranteed amount, or RM100, whichever is higher
Local Bank Guarantee-i (BG-i) Stamp Duty; RM10
Letter of Indemnity (BG-i) Stamp Duty; RM10

Trade Financing

Accepted Bills-i
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Fees Amount / Rate
Bunching Fee; Bunching of invoices exceeding 5 copies or more than 3 payments to be made under one transaction RM50
Direct reimbursement, where prior settlement of invoices was made with other banks RM100
 
Fees Amount / Rate
Direct Reimbursement Charge, where prior settlement of Invoices has been made with other bank RM100
Brokerage Fee (Imposed by Bursa) RM15 for every transaction of RM1 Million or part thereof in the currency of transaction (The Agency Fee is related to the brokerage cost. This fee is payable directly to Bursa Malaysia. The imposition of agency fee is as follows: It is based on actual brokerage cost imposed by broker/commodity platform)
 
Fees Amount / Rate
Handling Fee Transactions below RM50,000.00 RM100
Bunching of invoices exceeding 5 copies or more than 3 disbursement to be made under one transaction RM50
Brokerage Fee (Imposed by Bursa) RM15 for every transaction of RM1 Million or part thereof in the currency of transaction (The Agency Fee is related to the brokerage cost. This fee is payable directly to Bursa Malaysia. The imposition of agency fee is as follows: It is based on actual brokerage cost imposed by broker/commodity platform)

Other Charges

  • Fees
  • Amount / Rate
Fees Amount / Rate
Charges in lieu of foreign exchange 0.125% flat on invoice amount, subject to min RM10 for Import bills
SWIFT - Full text or Amendment of LC-i / BG-i • Domestic: RM20 • International: RM80
Tracer / Notice / Advice • Domestic: RM20 • International: RM50
IBG RM0.30
RENTAS RM5
Cable Charges RM50
Cashier Order RM5.65*
Courier Service • Domestic: RM20 • International: RM55 to RM150
Postage RM10
Fees
Charges in lieu of foreign exchange
SWIFT - Full text or Amendment of LC-i / BG-i
Tracer / Notice / Advice
IBG
RENTAS
Cable Charges
Cashier Order
Courier Service
Postage

Cut-Off times for SWIFT Payments on Cross-Border Trade Settlements

  • Fees
  • Amount / Rate
Fees Amount / Rate
Import services using Outward Telegraphic Transfer/SWIFT Same day processing if documents are received before 3.00 p.m
Export Services receiving from Inward Telegraphic Transfer/SWIFT (USD) Same day processing if received before 2.00 p.m.
Inward Telegraphic Transfer/SWIFT(Other Currencies) Same day processing if received before 4.00 p.m.
Fees
Import services using Outward Telegraphic Transfer/SWIFT
Export Services receiving from Inward Telegraphic Transfer/SWIFT (USD)
Inward Telegraphic Transfer/SWIFT(Other Currencies)

*Effective 1 July 2022

 

Effective 1 October 2025, the above trade related charges will be subject to an 8% Service Tax (SST), or any prevailing rate by the Malaysian Government, and will be payable by you, where applicable.

Trade services involving importation / exportation of goods (except courier & postage charge) are non-taxable.

For more details, please refer to our public announcement here.


The information expressed in this document is for reference only and subject to changes from time to time. United Overseas Bank (Malaysia) Bhd does not assume any responsibility for any loss that may result from the reliance by any person upon any information set out hereunder.

 

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