UOB Malaysia

 

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

Commission rate is to be determined by the bank as spelt out in the Letter of Offer.

0.125% per month (commission of 0.1% per month) or RM100, whichever is higher.

Amendment Commission (amount / tenor)

Commission per month or part thereof:

0.125% per month (commission of 0.1% per month or RM100, whichever is higher.

Non-Return of Bank Guarantee-I (3 months after expiry / claim date)

Up to 0.125% per month or 1.5% per annum on the guaranteed amount or RM106, whichever 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

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

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

RM50

RM100

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.

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
  • International



RM20
RM50

Tracer / Notice / Advice

  • Domestic
  • International



RM20
RM50

IBG

RM1

RENTAS

RM9

Cable Charges

RM50

Cashier Order

RM2.65

Courier Service

  • Domestic
  • International



RM20
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)

  • Inward Telegraphic Transfer / SWIFT (Other Currencies)



Same day processing if received before 2.00 p.m.

Same day processing if received before 2.00 p.m.

 

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.

 

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