Trade Finance Service Fee

Pricing Guide

Trade Finance Service Fee Schedule

Pricing Guide

Trade Finance Service Fee Schedule

At a glance

We offer a comprehensive range of trade financing and products. This pricing schedule reflects the standard trade pricing applicable to our products.

Please note that the pricing schedule applies to trade fees and commissions charges only. All incidental charges such as postage, courier & SWIFT are excluded.

Import Letter of Credit
     Standard Bank Fees    EFS Bank Fees
LC Issuance (Sight / Usance)

1/8 % per month.
Min 2 months but not less than S$80.

0.15% per month.
Min 2 months but not less than S$95.
Usance LC Acceptance / Deferred Payment Commission

Usance LC: 1/8 % of bill amount per month, from LC expiry date to LC maturity date (Min S$80).

Usance LC: 0.15% of bill amount per month, from LC expiry date to LC maturity date (Min S$95).
Discrepancy Fee

US$80 (or S$110)

US$95 (or S$130)
Import LC Amendment

Extension of LC expiry / validity:

1/8 % per month on outstanding balance. Min S$80

Extension of LC expiry / validity:

0.15% per month on outstanding balance. Min S$95.

Amount:

1/8 % per month on the incremental amount. Min 2 months but not less than S$80.

Amount:

0.15% per month on the incremental amount. Min 2 months but not less than S$95.

Others, including LC cancellation:

S$80

Others, including LC cancellation:

S$95

Withdrawal of Application before Issuance

S$50

S$60
LC SWIFT cost

S$100

S$120
Processing Fee under Advance Payment Arrangement **

S$100

S$120

** Processing fee is chargeable when LC/BG/SBLC amount if paid in full to the bank upfront for the bank to issue the instrument under advance payment arrangement


Drawings under Import Letter of Credit
 

     Standard Bank Fees    EFS Bank Fees
Excess Drawing

1/8 % per month on excess portion.
Min 2 month but not less than S$80.

0.15% per month on excess portion.
Min 2 month but not less than S$95.
Drawing against Expired LC

1/8 % per month, from LC expiry date to payment date. Min S$80.

0.15% per month, from LC expiry date to payment date. Min S$95
Commission-in-lieu of Exchange *

1/8% flat. Min S$80.

0.15% flat. Min S$95.

* Commission-in-lieu of exchange is applicable where foreign currency trade transactions are settled without foreign currency conversion

 

Export Letter of Credit

Letter of Credit Advising

CommissionClient: S$30 
Non-Client: S$60
Advising through LC/Amendment
(to 2nd Advising Bank)
Client / Non-client: S$125

 

Letter of Credit Confirmation

Subject to quotation

 

Negotiation / Handling

CommissionClient: 1/8 % flat, Min S$80
Non-Client: 1/8 % flat, Min S$200
For Restricted LC: Issuance of Indemnity in favour of Restricted Bank1/8 %. Min 2 months but not less than S$80
Commission-in-lieu of Exchange *1/8 % flat. Min S$80.

* Commission-in-lieu of exchange is applicable where foreign currency trade transactions are settled without foreign currency conversion
 

Export proceeds remittance in favour of:

Own account with another bankS$80
Third party account with another bank1/8 % flat, Min S$125


 

Letter of Credit Transfer
Full / Partial Transfer with / without SubstitutionSubject to arrangement 
(Min 0.25%, but not less than S$500)
AmendmentsIncrease in amount: Same charges as LC transfer
Text only: S$80


 

Documentary Collection

Import Documentary Collection

Commission1/8 % flat. Min S$80.
Re-presentation ChargeCharge as a new transaction
Document Released Free of Payment1/8 % flat. Min S$80.
Holding FeeS$50 per month after 2 months
Tracers for Import CollectionsS$30 each (all-in)
Commission-in-lieu of Exchange *1/8% flat. Min S$80.

* Commission-in-lieu of exchange is applicable where foreign currency trade transactions are settled without foreign currency conversion
 

Export Documentary Collection

Commission1/8 % flat. Min S$80.
Holding / Maintenance Fees for Unpaid or Returned itemsS$50 per month

Sight bills: After 2 months’ grace 
Term bills: After 2 weeks’ grace from maturity date
Amendment to Collection InstructionsS$30 flat
Tracers for Export CollectionsS$30 each (all-in)
Commission-in-lieu of Exchange *1/8% flat. Min S$80.

* Commission-in-lieu of exchange is applicable where foreign currency trade transactions are settled without foreign currency conversion

 

Shipping Guarantee / Air Waybill Endorsement
 Standard Bank FeesEFS Bank Fees
Where documents to be presented under LC issued by DBSS$80S$95
Where documents to be presented under Import Documentary Collection1/4 % flat, min S$800.29% flat, min S$95
Guarantees Outstanding / Unredeemed Guarantee1/4 % per month. Min S$80
(Outstanding after 30 days)

0.29% per month. Min S$95
(Outstanding after 30 days)


 

Bankers Guarantee / Standby Letter of Credit

 

     Standard Bank Fees    EFS Bank Fees
Issuance (Direct)

Financial Guarantee: 2% p.a.

Financial Guarantee: 2.4% p.a.

Performance Guarantee: 1% p.a. up to 2 years

Performance Guarantee: 1.2% p.a. up to 2 years

1.5% p.a. above 2 years

1.8% p.a. above 2 years

Min commission:
S$150 (BG – Standard format)
S$250 (BG – Non-standard format)

Min commission:
S$180 (BG – Standard format)
S$300 (BG – Non-standard format)
Issuance (Indirect)Subject to quotation

Min commission:
US$500 (Standard format)
US$1000 upwards (Non-standard format) depending on complexity
Plus, overseas bank issuance charges

 

 

 

 

No change

Issuance (Against Incoming Counter Guarantee / Counter Standby)Subject to quotation

 

Amendment of:
 

     Standard Bank Fees    EFS Bank Fees
Tenor

Same as Issuance Commission, min S$150

Same as Issuance Commission, min S$175
Amount

Same as Issuance Commission, min S$150

Same as Issuance Commission, min S$175
Others

S$100

S$115

 

Other fees:
 

     Standard Bank Fees    EFS Bank Fees
Handling of Inward Claims under BG / SBLC issued by us (Pay or Extend)Same as Issuance Commission, min S$200
(Min S$200 is payable whether extended or not)

 

 

 

 

 

 

 

 

No change

Request for Transfer / Acknowledgement of Notice of Assignment or Transfer of BG / SBLCSubject to arrangement
(Min 0.25% but not less than S$500)
Vetting feeWhere applicable at min S$200 upwards 
Cancellation feeWhere applicable at min S$200 upwards 
Certified true copyWhere applicable at min S$200 upwards 
Re-issue of guarantee (incorporating amendments)Where applicable at min S$200 upwards 
Tracer feesS$10
PostageS$2
CourierLocal: S$10 
Overseas: Min S$25 upwards
Processing fee under Advance Payment Arrangement **

S$100

S$120

** Processing fee is chargeable when LC/BG/SBLC amount if paid in full to the bank upfront for the bank to issue the instrument under advance payment arrangement

 

Bankers Guarantee / Standby Letter of Credit Advising

BG / SBLC AdvisingClient: S$30
Non-Client: S$60
Authentication of hardcopy BG / SBLC
(Issued by another bank)
S$200 flat

 

Standby Letter of Credit Confirmation

Subject to quotation

 

Demand Presentation to Guarantor / Issuing Bank

1/8% flat, min S$200


 

Trade Financing

Import Financing

Import financing includes Purchase Invoice Financing (PIF), Advance Payment loan.

     Standard Bank Fees    EFS Bank Fees
Handling fees

1/8 % flat. Min S$100

0.15% flat. Min S$120

 

Export Financing

Export financing includes Sales Invoice Financing, Loan Packing Credit / Export Pre-shipment Financing).

     Standard Bank Fees    EFS Bank Fees
Handling fees

1/8 % flat. Min S$100

0.15% flat. Min S$120


 

Others
     Standard Bank Fees    EFS Bank Fees
Trade solution fee for Structured FacilityUp to 0.25% flat. Min SGD10,000

 

No change

Past due handling chargeS$80 flat per item
Commission-in-lieu of Exchange *

1/8% flat. Min S$80

0.15% flat. min S$95
ReimbursementS$100 flat

 

 

No change

Assignment of proceeds to third party1/8 % flat. Min S$80
SWIFT costS$30 per SWIFT
Withdrawal of application before financingS$50

* Commission-in-lieu of exchange is applicable where foreign currency trade transactions are settled without foreign currency conversion
 

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From overseas: +65 6222 2200
In Singapore: 1800 222 2200
Operating hours: 8.30am to 8.30pm, Mon - Fri (excluding PH)