Islamic Trade Finance and Services
 
Trade Services (Import)
Fees Amount / Rate
Letter of Credit-i

Issuance Commission

0.1% of LC-i Amount per month or part thereof or RM100 (inclusive of 0% GST), 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 (inclusive of 0% GST)

If not related to extension or increase in amount 50 (inclusive of 0% GST)
Amendment Commission (others)

Acceptance Commission on Usance Credits

0.1% per month or part thereof (inclusive of 0% GST) 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 (inclusive of 0% GST) 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 (inclusive of 0% GST) 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 (inclusive of 0% GST).
 
Trade Financing
Fees Amount / Rate

Accepted Bills-i

Financing Profit :
Accepted Bills-i
 

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 (inclusive of 0% GST)

 

 

RM100 (inclusive of 0% GST)


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

Master Indemnity for Islamic Bank Guarantee-i

Master Agreement for Letter of Credits-i

Master Trust Receipt-i Agreement

Blanket Indemnity (Airway Bill/Bill Of Lading/Transport)

Indemnity for Islamic Bills Facility

Stamp Duty; RM10

Stamp Duty; RM10

Stamp Duty; RM10

Stamp Duty; RM10

Stamp Duty; RM10

Stamp Duty; RM10

Application Request/ Financing Document

AB-i Purchase Murabahah Contract Note

TR-i Murabahah Contract Note

Bai’ al-Dayn Contract Note

Local Bank Guarantee-i (BG-i)

Letter of Indemnity (BG-i)

Stamp Duty; RM10

Stamp Duty; RM10

Stamp Duty; RM10

Stamp Duty; RM10

Stamp Duty; RM10
 
OTHER CHARGES
Fees Amount / Rate

Charges in lieu of foreign exchange

0.125% flat on invoice amount, subject to min RM10 (inclusive of 0% GST) for Import bills
SWIFT - Full text or Amendment of LC-i / BG-i

Domesic

International

 

RM20

RM80

Tracer / Notice / Advice

Domesic

International

 

RM20

RM50

IBG RM1.00

RENTAS

RM9.00
Cable Charges RM50.00
Cashier Order

RM2.65

Courier Service

Domesic

International

 

RM20

RM55 to RM150

Postage

RM10.00

Cut-Off times for SWIFT Payments on Cross-Border Trade Settlements

Import services using:
• Outward Telegraphic Transfer/SWIFT


Export Services receiving from:
• Inward Telegraphic Transfer/SWIFT (USD)


Inward Telegraphic Transfer/SWIFT(Other Currencies)



Same day processing if documents are received before 3.00 p.m.


Same day processing if received before 2.00 p.m.


Same day processing if received before 4.00 p.m.

Effective 1st June 2018, fees and charges are inclusive of GST at 0%.

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.