Trade Finance

    TRADE FINANCE
    3.1 Import Documentary Letter of Credit 
    3.1.1 LC Issuance Commission

    For Trading : 0.375% p.q. or min. Rs. 2,000 

    For Industry : 0.30% p.q. to 0.375% p.q. or min. Rs. 1,500 

    Plus Communication Charge as per STC

    3.1.2 L/C Amendment Commission  
      a) For increase in LC value or extension of  a) Charges shall be as per 3.1.1 (plus communication charges as per KBL STC) 
      b) For decrease in LC value or extension of validity within a quarter b) Rs. 1,000 (plus communication charges as per KBL STC)
      c) Amendment other than a) or b) c) Rs. 1,000 (plus communication charges as per KBL STC)
    3.1.3 Revolving L/Cs reinstatement Charges shall be as per 3.1 (plus communication charges as per KBL STC)
    3.1.4 Acceptance Booking Commission For Trading and Industries : 0.30% p.q. to 0.375% p.q.or minimum Rs. 2,000 per booking
    3.1.5 Placement charge against LC Confirmation             As per Treasury Deal
    3.1.6

    Discrepancy Fees

     
    (a) FCY LC a) USD (Discrepancy fee USD 60 + Communication Charge USD 25)
    b) EUR (Discrepancy fee EUR 60 + Communication Charge EUR 25)
    c) GBP (Discrepancy fee GBP 60 + Communication Charge GBP 25)
    d) JPY (Discrepancy fee JPY 8000 + Communication Charge JPY 3000)
    e) CNY (Discrepancy fee CNY 450 + Communication Charge CNY 180)
    f) Other FCY (Discrepancy fee Equivalent USD 60 + Communication Charge Equivalent USD 25)
    (b)  INR LC b) INR (Discrepancy fee INR 3,000 + Communication Charge INR 1,000)
    (c) Domestic LC c) NPR (Discrepancy fee NPR 4,000 + Communication Charge NPR 1,000)
    3.1.7 Document Settlement Fee                              Rs. 1,000 for each set of document (plus communication charge as per KBL    STC)
    3.1.8 Discrepant Documents held for more than 30 days from document receive date and settlement request received

    Rs. 1,000 for each set of document settlement (additional)

    3.1.9 LC/DAP/DAA Documents returned unpaid/unaccepted

    Rs. 3,000 per document plus communication charges as per KBL STC and actual courier cost

    3.1.10

    LC Overdrawn Commission                           0.75% on overdrawn amount or Rs. 2,000 whichever is higher.                     

    3.1.11 LC Cancellation Charge Rs. 2,500 (plus other Bank's charge and communication charge as er KBL STC and upon receipt of advising Bank's consent)
    3.1.12 Forced conversion of contingent liability 0.75%
    4.1 Export Documentary Letter of Credit  
    4.1.1 Advising Commission :  
      - For LC to be negotiated with us :  
    a) LC Advising Commission Rs 2,000/- plus communication charges as per KBL STC. 
    b) Amendment Advising Commission Rs 2,000/- plus communication charges as per KBL STC. 
      - For LC not to be negotiated with us :  
    a) LC Advising Commission Rs 5,000/- plus communication charges as per KBL STC. 
    b) Amendment Advising Commission Rs 3,000/- plus communication charges as per KBL STC. 
    5. Confirming Commission (To be confirmed by us) 0.75% per quarter or minimum Rs. 5,000 (plus communication charges as per KBL STC)
    6. L/C Transferring Charge Rs. 3,000/- flat (plus communication charges as per KBL STC)
    7.  Documentary Purchase  
    a) Under LC issued by KBL a) Upto 3 months 1.5% per month and after 3 months applicable interest rate shall be applied (plus communication charges as per KBL STC)
    b) Under LC issued by other BFIs b) 2% per month for 3 months and after that applicable interest rate shall be applied (plus communication/courier charges as per KBL STC)
    8. Documents sent for collection  
    a) Under LC issued by KBL a) 0.20% of document value or minimum Rs. 3,000 plus communication/courier charges as per KBL
    b) Under LC issued by other BFIs b) 0.30% of document value or minimum Rs. 5,000 plus communication/courier charges as per KBL
    9. Documentary Collection (Not under LC)  
    9.1 Inward Collection  
    a)  Documents Against Payment (DAP) a) 0.375% of the document value or minimum Rs. 2,000 (plus courier/communication charges as per KBL STC)
    b) Documents Against Acceptance (DAA) b) 0.30% of the document value or minimum Rs. 5,000 (plus courier/communication charges as per KBL STC)
    9.2 Outward Collection (including CAD) 0.15% of the document value or minimum Rs. 2,000 (plus courier/communication charges as per KBL STC)
    10. Issuance of Multiple Bi. Bi. Ni. under single settlement request Rs. 1,000 for each additional Bi. Bi. Ni. issuance
    11. Correspondence made to regulatory bodies for approval at request of applicant Rs. 1,500 per correspondence
    12. Correspondence made to Beneficiary's Bank at request of applicant Rs. 1,000 plus communication charge per message
    13. Business Credit Information of Foreign Importers and Exporters/Rating Agencies Rs. 500 plus communication charge per message
    14.  Advising of BCI to third party Rs. 2,000
    15.  Document return handling charge Rs. 3,000 per document plus actual courier charge
    16.  Payment where charges are on account or applicant (MT 202), (charges OUR) USD 15 per payment
    17. DAP/DAA Intimation Charge Rs. 500
      GUARANTEES   
      Gurantee Type   
    1.1 Bid Bond 0.35% - 0.75% p.q. or min. Rs. 1,500 per quarter
    1.2 Performance Bond 0.375% p.q. or min. Rs. 1,500 per quarter
    1.3 Performance Bond - Supply Credit Guarantee 0.50% p.q. or min. Rs. 3,000 per quarter
    1.4 Advance Payment Guarantee 0.65% p.q. or min. Rs. 2,500 per quarter
    1.5 Other Guarantee not covered above 0.65% p.q. or min. Rs. 2,500 per quarter
    1.6 Issuance of Third Party Guarantee Additional 0.05% in issuance commission
    1.7 EXIM Code Guarantee Rs. 3,000 p.q. (Issuance & Renewal)
    1.8 Court Guarantee 0.75% p.q. or min. Rs. 5,000
    1.9 Guarantee Against Counter Guarantee  
    1.10 Counter Guarantee Issuance 0.75% p.q or Min USD 100 p.q. plus commission/charge of other Bank and communication charges as per KBL STC
    1.11 Amendments of Counter Guarantee (other than time extension and value increment) USD 50 or equivalent plus communication charges as per KBL STC
    1.12 Amendment for time extension and value increment The same rate as fresh issuance
    1.13 Expired Guarantee Holding Charge Upto 7 days: Nil
    Above 7 days - 3 months = Rs 1000    
    More than 3 monhts = Rs 1500
    (To be applied at the end of each quarter-end data.)
    1.14 Shipping Indemnity  
      For Issuance 0.60% p.q. or Min. Rs. 3,500/- plus commission charge as per KBL STC and other Bank's charges
      Amendment not affecting value & validity Rs. 3,500/- plus commuication charge as per KBL STC and other Bank's charges
      Amendment affecting value & validity The same rate as fresh issuance
    2.  Line of Credit (LOC) Upto 1 Year
        1% - 1.5% p.a. or min. Rs. 10,000 whichever is higher
    3. Amendment of terms other than value increase and/or validity extension Rs. 1,000 per amendment
    4.  Amendment for value/validity extension Same as issuance
    5. Guarantee Claim Handling/Settlement Charges Rs. 2,000 plus other related charges
    6. Expired Guarantee Holding Charge Upto 7 days
        Nil
        Above 7 days
        0.25% p.q. or Min 2,000 till release/ surrender of guarantee
    7. Advising Guarantee to other Banks/Beneficiary Rs. 3,000 flat
    8. Endorsing Guarantee to other Banks USD 75 per event
    9. Bank Guarantee Amendments advisig charge to other commercial Banks Rs. 75 flat
    10. Duplicate Guarantee Re-Issuance Charge Rs. 1,500 each issuance