Islamic Trade Finance and Services

    Fees Amount / Rate
    Trade Services (Import & Domestic Purchase)

    Letter of Credit-i

    • Issuance Commission

     

    0.1% of LC-i Amount per month or part thereof or RM100, whichever higher

    • Amendment Commission (amount / tenor)
    Type of Charges Amount

    If related to extension or increase in amount

    0.1% per month or part thereof,
    Min RM50

    If not related to extension or increase in amount

    RM50

    • Amendment Commission (others)
    • Acceptance Commission on Usance Credits 0.1% per month or part thereof or RM100, whichever higher

    Bank Guarantee-i

    • 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

     

    Fees Amount / Rate
    Trade Financing

    Accepted Bills-i

    • 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
    • AB-i Purchase Murabahah Contract Note Stamp Duty; RM10
    • Bai' Al-Dayn Contract Note Stamp Duty; RM10

    Trust Receipt-i / Foreign Currency Trust Receipt-i (TR-i)

    • 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)

    Invoice Financing-i /
    Foreign Currency Invoice Financing-i (IF-i)

    • 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)

     

    Fees Amount / Rate
    Other Charges
    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 RM1
    RENTAS RM9
    Cable Charges RM50
    Cashier Order RM5.65*
    Courier Service
    • Domestic


    RM20
    • International RM55 to RM150
    Postage RM10
    Cut-Off times for SWIFT Payments on Cross-Border Trade Settlements
    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.

     

    *Effective 1 July 2022

    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.