Foreign Exchange Business Transaction / Service

L/C opening Commission

a) Cash At Sight (Foreign)

@ 0.40% for each quarter

b) Cash At Sight (Local)

c) Deferred/Usance (Foreign)

@ 0.50% for each quarter

d) Deferred/Usance (Local)

L/C Transmission (SWIFT)

at actual

L/C Advising

Tk.750/- flat

L/C Opening Commission : with 100% cash security

a) Cash At Sight (Foreign)

@ 0.25% for each quarter

b) Cash At Sight (Local)

c) Deferred/Usance (Foreign)

d) Deferred/Usance (Local)

Back to Back L/C opening Comm. (Foreign)

@ 0.40% for each quarter

Back to Back L/C opening Comm. (Inland/EPZ)

@ 0.40% for each quarter

FCC (Foreign Correspondent Charge) for all types of Foreign L/Cs including Foreign BB L/C

a) If charges as on Beneficiary’s A/c

At actual

b) If charges as on Applicant’s A/c

Cost of stationary in L/C opening (LCAF, IMP Form and others)

Tk.300/- plus cost of adhesive stamp.

Amendments of L/Cs

a) For value increase/Time extension against L/Cs

Tk.750/- plus Commission as per L/C

opening rate for value increase

b) For all amendments other than value increase and time extension

Tk.750/- flat

Cancellation of L/C (Foreign)

a) Commission

Nil

b) Swift/Air mail charges

At actual

c) Foreign bank charges

At actual

Cancellation of L/C (Local)

Nil

Acceptance Commission under deferred payment

@ 0.40% for each quarter

(Local)

Acceptance Commission under deferred payment

@ 0.40% for each quarter

(Foreign)

Endorsement charge for clearance of goods against deposit of full value of documents

Nil

Third Bank confirmation

a) For sight LC on opener’s A/C

Foreign bank charges at actual plus @

b) For sight L/Cs on beneficiary A/C

0.20%.

c) For DP L/Cs including BB LC

Upto 180 days of opener’s A/C

d) LCs over 180 days deferred on

opener’s A/C

e) For DP L/Cs including BB LC

upto 180 days on beneficiary’s A/C

Payment of Documents

Charges for discrepant import documents (Local and Foreign)

a) For documents value upto USD 10,000/-

USD 40.00

b) For documents value above USD10,000/-

USD 60.00

Overseas Banks

Reimbursement/Negotiation charges

Foreign Bank charges at actual + our charges $20.00

(If charges are on Application’s A/C)

Settlement of L/C payment through

Payment Instruction/Reimbursement

Authority/Payment Intimation

Tk.1000/- per instance

Charges for Inward Documentary Collection without LC

@ 0.15% plus SWIFT charge at actual for intimation of maturity etc.

(Applicable for DP/Import against LCAF

Payment charges against inward collection documents without L/C

a) For documents value upto USD5000/-

USD15/- to be realized from Bill value.

b) For documents value above USD 5,000/-

USD30/- to be realized from Bill value.

Issuance of Back to Back L/C Certificate

Tk. 500/- per instance

Issuance of Import performance Certificate

Tk. 500/- per instance

All other charges not mentioned above in

At actual

connection with opening and advising L/Cs

Advising of L/Cs

a) Local/Foreign

b) Re-advising/2nd advising

c) Advising of Pre-Advice LC

Tk.750/- flat

d) Short Form/Pre-advice

Advising of L/Cs Amendments

a) Local/Foreign

Tk.750/- Per Amendment

Transfer of L/Cs

a) Local/Foreign

Tk.750/- flat

Adding confirmation to Foreign Bank L/Cs

a) Commission

@ 0.20% per quarter

Foreign Documentary Collection/Negotiation under export LC/Contract

a) Where exchange earned through buying and selling on realization

Tk. 500/-

b) Where no exchange earned on realization

i) Commission

Commission @ 0.15%

ii) Handling charge

Nil

iii) For documentary collection bill

@ 0.15% plus postage charge at actual

Inland Bill Purchased

a) Commission

@ 0.15%

b) Handling charge

Nil

Collection of Local Export bills

a) Commission

@ 0.15% flat

b) Handling charge

Nil

Mailing of Export documents

At actual

For Claiming reimbursement against export bills

a) By Mail

At actual

b) By SWIFT

At actual

Service Charge on Export Credit

@ 0.75% per quarter

Export Transaction:

a) Issuance of PRC

Tk.500/- per certificate

b) Cash incentive document chg.

Tk.1,000/- per instance

c) Back to Bank LC Certificate

Tk.500/- per certificate

d) Issuance of C&F Certificate

Tk.500/- per certificate

e) For other purpose

Tk.500/- per certificate

Foreign remittance

a)  Issuance of FDD/FTT drawn on overseas NOSTRO A/C

Tk.600 SWIFT-Tk.500

b) Issuance FC draft drawn on Bangladesh Bank clearing

@0.10% minimum USD 5/- Max USD

50/- per FDD

c)  Issuance of Counter draft at the request of local bank

USD 5 per FDD from the remitted fund

d)  Issuance of duplicate FDD (Commission)

Tk.200/-

SWIFT per message

At actual minimum Tk.500/-

Foreign Bank Charges

At actual

e) Cancellation of FDD/TT/MT (cancellation fee)

Tk.200/-

SWIFT per message

At actual minimum Tk.500/-

Foreign Bank Charges

At actual

f) Sale of TC (Commission)

Commission 1%

Endorsement fee per passport Tk.100 upto USD 500 and Tk.200 for more than USD 500.

g) Sale of FC in Cash

Commission Nil

Endorsement fee per passport Tk.100 upto USD 500 and Tk.200 for more than USD 500.

h) Collection of refund warrant

Nil

Tk.0.25 per USD

Tk.0.40 per EURO

Tk.0.50 per GBP

All other currencies at USD rate

i) Commission against purchase of Foreign Bank Draft

Mailing Charge at actual minimum

Tk.200/-

j)  Encashment of / disbursement against any foreign remittance through TT/DD at our counter

In Taka nil

In FC Tk.100/- per TT

k) Collection of proceeds from local banks for any draft in FC which is not primarily collected through clearing

Tk.300/- per instrument

Commission @ 0.10% minimum Tk.200/-, Mailing Charge at actual minimum Tk.100, Foreign Bank Charges at actual

l) Collection of Foreign currency draft from abroad

Commission 0.10% minimum Tk.250/-, Mailing Charge at actual min. Tk.100, Foreign Bank Charges at actual.

m) Encashment / Refund of TC

n) Processing of application of remittance of profit/dividend

Tk.500/-

o) Payment of indenting commission/ Technical know how fees/Royalty etc.

Tk.500/-

p)    Opening of Student File in FC.

Tk. 3000/-

q) Bank Guarantee/Bid Bond/Standby LC:

i) Issuance of BG/Bid Bond/PG/Standby LC against counter guarantee of foreign correspondent (Inward)

1st quarter @ 0.50% subsequent

quarter @ 0.25%, minimum US$ 150.00.

ii) Issuance of BG/Bid Bond/PG/Standby LC at the request of customber (Outward)

0.50% per quarter, mimimum Tk.1000/- plus SWIFT charge at actual

iii) Advising of Guarantee to the beneficiary in orginal without engagement of bank.

Tk. 500/-

All other charges are to be calculated at actual cost.

VAT, Income Tax and other Govt. levies (Wherever applicable) are to be added with all of the above charges.