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 Issuance 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

 

Fees Amount / Rate
Trade Financing

Accepted Bills-i

Financing Profit

• Bunching Fee; Bunching of invoices exceeding 5 copies or more than 3 payments to be made under one transaction

AB-i rate plus spread / margin / Acceptance Commission, where applicable

RM50

• Direct reimbursement, where prior settlement of invoices was made with other banks RM100

• Availability of beneficiaries' names and payment references in payers' bank statement

Available (File Name only)

Financing Profit
• Trust Receipt-i / Foreign Currency Trust Receipt-i (TR-i)


Prevailing BFR / CFR / COF plus spread / margin, where applicable

• Compensation charges (Ta’widh) in the event of non-payment on due date = Outstanding balance X IIMM Rate X No of Overdue Days)/ 365 days

Note: Compensation Charges is not compounded

At Islamic Money Market Rate (IIMM) on the number of days

 

 

Fees Amount / Rate
Letter of Indemnity / Master Agreement on

• Agreement for Accepted Bills-i

Stamp Duty; RM10

• Master Indemnity for Islamic Bank Guarantee-i

Stamp Duty; RM10

• Master Agreement for Letter of Credits-i

Stamp Duty; RM10

• Master Trust Receipt-i Agreement

Stamp Duty; RM10

• Blanket Indemnity (Airway Bill / Bill of Lading / Transport) Stamp Duty; RM10
• Indemnity for Islamic Bills Facility Stamp Duty; RM10
Application Request/ Financing Document

• AB-i Purchase Murabahah Contract Note

Stamp Duty; RM10

• TR-i / FCTR-i Murabahah Contract Note Stamp Duty; RM10
• Bai' Al-Dayn Contract Note Stamp Duty; RM10
• Local Bank Guarantee-i (BG-i) Stamp Duty; RM10
• Letter of Indemnity (BG-i) Stamp Duty; RM10
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 RM50

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 2.00 p.m.

 

*Effective 1 March 2019

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.