Trade Finance

Import

Products / Services Descriptions Tariff ​
Letter of Credit (LC)
Irrevocable LC Opening Commission 0.1% per month or part thereof.
Min: RM100
Back-To-Back LC Opening Commission 0.125% per month or part thereof.
Min: RM300
Handling Fee RM500 or above (depending on the complexity of the transaction). 
Other LC Charges Amendments to LC
(a) Extension of expiry date/ increase in amount

Commission of 0.1% per month or part thereof for the extended period/ incremental value.
Min: RM50

Note: For amendment involving incremental in LC amount, commission will be calculated on the amended amount from the original issuance date less commission collected.

(b) Other than extension of expiry date/ increase in amount RM50 flat.
Cancellation/ non-utilisation of LC
- Handling fee
​RM50 flat.
Acceptance commission on Usance Credits ​0.1% per month or part thereof.
Min: RM50
Import Bills
Import Bills under LC Drawing against expired LC 0.1% per month or part thereof from LC expiry date to LC drawing date.
Min: RM100
Drawing against excess of LC amount (will only be charged upon customer accepting the discrepancy) 0.1% per month or part thereof from LC issuance date to drawing date based on the excess amount.
Min: RM100
​Direct presentation of documents from beneficiary (Inward Bill)
0.1% of invoice value (to be charged to beneficiary's or applicant's account depending on LC terms).
Min: RM50
Max: RM100 (FCY bill); RM300 (RM bill)
Checking fee: RM30
​Discrepancy fee
​(a) LC denominated in RM RM50 flat​.
​(b) LC denominated in FCY ​USD50 equivalent.
Import Bills for Collection Commission 0.1% on bill amount.
Min: RM50
Max: RM100 (FCY bill); RM500 (RM bill)
​Avalisation 0.1% per month or part thereof from avalisation date to expiry date.
Min: RM100
​Handling fee - Redirecting documents RM50 flat.​
​Handling fee - Non-payment & non-acceptance > 60 days ​0.1% on bill amount.
Min: RM50
Max: RM100 (FCY bill); RM500 (RM bill)
​Holding fee - Document > 60 days ​RM50 flat.
​Handling fee - Protest

RM200 flat and legal expenses.

Note: Actual cost will be collected upfront from remitting bank before proceeding.

​Handling fee - Release document "Free of Payment" 0.1% on bill amount.
Min: RM50
Max: RM100 (FCY bill); RM500 (RM bill)​
Import Loans
Bankers Acceptance (BA) Acceptance Commission As per L.O.1
Min: RM50
​Multiple payment (3 and above number of payments) ​RM50 flat.
Transaction value below RM100,000 RM100 flat.
Foreign Currency Trade Loan (FCTL)
Handling fee - Extension of maturity date RM100 flat per extension.
Multiple payment (3 and above number of payments) RM50 flat.
Trust Receipt (TR)
Handling fee - Extension of maturity date RM100 flat per extension.
Multiple payment (3 and above number of payments) RM50 flat.
Invoice Financing (FLX) Commission (for services) 0.3% on bill amount.
Min: RM100
Max: RM500
Handling fee - Creation 0.1% on bill amount.
Min: RM50
Max: RM100
Handling fee - Extension of maturity date RM100 flat per extension.
Multiple payment (3 and above number of payments) RM50 flat.
Transaction value below RM100,000 RM100 flat.

Export

Products / Services Descriptions Tariff
Letter of Credit (LC)
LC Advising Advising Commission Customer: RM50
Non-Customer: RM100
Subsequent advising commission (amendment) Customer: RM50
Non-Customer: RM100
LC issued by us advised directly to beneficiary Commission
(to be collected from the beneficiary upon delivery of LC or to deduct the advising charges from the negotiated proceeds upon effecting payment of documents drawn under the LC)
RM50 flat.
LC Confirmation ​ ​ Confirmation Commission 0.125% per month or part thereof on LC value up to LC Expiry date, or rate as advised by Correspondence Banking, whichever applicable.
Min: RM250 or as advised by Correspondence Banking, whichever applicable.
​Extension of expiry date/ increase in amount ​Commission of 0.125% or rate as advised by Correspondence Banking per month or part thereof for the extended period / incremental value, whichever applicable.
Min: RM100

Note: For amendment involving incremental in LC amount, commission will be calculated on the amended amount from the original transfer date less commission collected.
​Other than extension of expiry date/ increase in amount ​RM50 flat.
Transfer of LC Transfer Commission 0.125% on LC transfer value.
Min: RM250
Amendments to Transfer of LC
​(a) Extension of expiry date/ increase in amount ​Commission of 0.125% per month or part thereof for the extended period/ incremental value.
Min: RM100

Note: For amendment involving incremental in LC amount, commission will be calculated on the amended amount from the original transfer date less commission collected.
​(b) Other than extension of expiry date/ increase in amount ​RM50 flat.
Other Export LC Charges Commission on assignment of proceeds 0.1% on bill amount.
Min: RM250
Acceptance commission on drafts drawn on AmBank under Export LC for acceptance 0.1% on bill amount per month or part thereof.
Min: RM50
Commission as Reimbursing Bank for Issuing Bank under Export LC 0.1% on bill amount.
Min: RM50
Bills presented against Letter of Credit
- Document checking fee
RM50 flat per bill.
Export Bills
Outward Bill Collection (OBC) & Direct OBC (DOBC) Commission 0.1% on bill amount.
Min: RM50
Max: RM100 (FCY bill); RM300 (RM bill)
Handling fee
- Release document "Free of Payment" to Drawee
0.1% on bill amount.
Min: RM50
Max: RM100 (FCY bill); RM300 (RM bill) 
Handling fee
- Document returned after Collection process
0.1% on bill amount.
Min: RM50
Max: RM100 (FCY bill); RM300 (RM bill)
Handling fee
- Non-payment and non-acceptance > 60 days
0.1% on bill amount.
Min: RM50
Max: RM100 (FCY bill); RM300 (RM bill)
Export Loans
Credit Bill Negotiation (CBN) bills drawn under LC Commission 0.1% on bill amount.
Min: RM50
Max: RM100 (FCY bill); RM300 (RM bill)
Document pre-checking fee RM50 flat.
Outward Bill Purchased (OBP) & Direct OBP (DOBP) Commission 0.1% on bill amount.
Min: RM50
Max: RM100 (FCY bill); RM300 (RM bill)
​Non-recourse Commission ​Additional 0.1% per month/ rate as per agreed.               Min: RM100
​Packing Credit Advances (PCA) ​Commission on PCA against LC​ ​0.3% on bill amount.            Min: RM100                         Max: RM100 (FCY bill); RM500 (RM bill)​
​​Commission on PCA against Purchase Order/ Export Sales Order/ Sales Order ​0.5% on bill amount.
Min: RM200
Max: RM300 (FCY bill); RM500 (RM bill)​
Export Credit Refinancing (ECR) Commission As per EXIM Bank Guideline on ECR facilities.

Guarantees

Products / Services Descriptions Tariff
Shipping Guarantee  Commission 0.1% flat on invoice value (in RM equivalent).
Min: RM50
Late return of Shipping Guarantee (SG) 0.5% p.a.2 on invoice value (in RM equivalent) after three (3) months from the date of issue and subsequently 1% p.a.2 until date of return of SG.
Handling fee
- if documents not route to AmBank
​RM100 flat.
Air Waybill/ Bill of Lading Endorsement Endorsement Commission​ 0.1% on invoice value (in RM equivalent).
Min: RM50​
Bank Guarantee (BG) Issuance Commission 0.125% per month or part thereof.
Min: RM100
Over The Counter Bank Guarantee (OTCBG) ​Issuance Commission

0.125% per month or part thereof.
Min: RM150

Other BG/ OTCBG Charges Amendments to BG/ OTCBG
​(a) Extension of expiry date/ increase in amount

Additional commission of 0.125% per month or part thereof for the extended period/ incremental value. Min: RM50

Note: For amendment involving incremental in BG/OTCBG amount, commission will be calculated on the amended amount from the original issuance date or effective date whichever the earlier less commission collected.

(b) Other than extension of expiry date/ increase in amount RM50 flat.
Standby LC (SBLC) Opening Commission 0.125% per month or part thereof.
Min: RM300
​ ​Amendments to SBLC ​
​(a) Extension of expiry date/ increase in amount ​Commission of 0.125% per month or part thereof for the extended period/incremental value.
Min: RM50

Note: For amendment involving incremental in SBLC amount, commission will be calculated on the amended amount from the original issuance date or effective date whichever the earlier less commission collected.
(​b) Other than extension of expiry date/ increase in amount ​RM50 flat.
​Other Guarantee Charges ​Claim on BG/ OTCBG/ SBLC - Processing Fee ​RM100 flat.
​​Assignment ​0.1% on guarantee amount. Min: RM250

Factoring

Products / Services Descriptions Tariff
Factoring Factoring Charge As per L.O.1
Request for statement by Borrower/ Paymaster RM20 per statement.
Apportionment service fee RM50 flat per payment.
Termination fee
(Issuance of Denotification Letter)
RM20 flat.
 

Other Charges

Products / Services Descriptions Tariff
Charges in lieu of Exchange on Foreign Currency bills settled in Foreign Currency Commission 0.1% on invoice value.
Min: RM50
Max: RM300
SWIFT for transmission of LC text Issuance Within Malaysia: RM40 flat.
Outside Malaysia: RM100 flat.
Amendment Within Malaysia: RM20 flat.
Outside Malaysia: RM50 flat.
SWIFT Charges For customer's account Within Malaysia: RM20 flat.
Outside Malaysia: RM40 flat.
For foreign counterparty's account USD20 equivalent.

Transfer payment

(IBG/ RENTAS)

  RM2 flat.
Bankers Cheque   RM5 flat.
Postage/ Registered post   Within Malaysia: RM5 flat.
Outside Malaysia: RM20 flat.
Courier Service   Within Malaysia: RM15 flat.
Outside Malaysia: Subject to destination.
Overdue Charges RM50 flat per transaction.
Special Handling Fee RM50 flat per transaction.
Note:
1Abbreviation for Letter of Offer
2Abbreviation for Per Annum
   
  • All fees and charges are exclusive of any government taxes.
  • All tariff should be charged as per the rate stated herein unless stated otherwise in Letter of Offer.
  • Fees and charges above will be subjected to correspondent bank charges, where applicable. Crediting of funds by Receiving Bank is estimated to be by the next banking day.
Disclaimer: The fees or charges quoted are exclusive of any government taxes which may now be or hereafter imposed by the Government of Malaysia. Should there be any imposition of government taxes on any fees or charges due to the changes in law or any other factors, the Bank has the right to change or revise the amount payable. The final fees or charges payable will be as set out in the final contract. Any government taxes to be imposed at the prevailing rate will be in addition to the fees or charges payable.

 

Cut-off Time for Trade Finance

Trade Transaction Type Cut-Off Time For Transaction To Be Processed
Transaction involving RENTAS Payment 12.00 pm
Transaction involving Foreign Currency Current Account 2.00 pm

Transaction involving SWIFT:

- LC Creation/ LC Amendment

 
3.00 pm
​- Telegraphic Payment ​1.00 pm
ECR (Pre & Post) 10.30 am
Inward Collection Document
Inward/ Outward Document under LC (Document Examination required)
1.00 pm
Other trade applications 3.00 pm

Note: 

  • Same day processing subject to customer application is in order.
  • Earliest cut-off time is applicable for transaction with multiple payments.