News

New pricing parameters of operations with letters of credit and bank guarantees

08.04.2019

Dear clients,

We would like to inform you that, with effect from June 10, 2019, RCB Bank introduces new pricing parameters of operations with letters of credit and bank guarantees for corporate clients.

All other Commissions and Charges of the Bank remain unchanged.

Basic pricing parameters of guarantee operations

Bank Guarantees
ServiceCharges

Issue of Bank Guarantee on cash covered basis

0,083% per month, min. 0,25% or 50 EUR (whichever is higher)

Issue of Bank Guarantee within a credit limit

0,15% per month, min. 0,45% or 50 EUR (whichever is higher)

Extension of Bank Guarantee on cash covered basis

0,083% per month

Extension of Bank Guarantee within a credit limit

0,15% per month

Issuance / Extension fees for Bank Guarantees favour of the Civil Registry and Migration Department (once off fee for up to 10 year tenor)

100 EUR (for BG amount 850 EUR)
70 EUR (for BG amount 550 EUR)
50 EUR (for BG amount 350 EUR)

Amendment of Bank Guarantee

50 EUR (per amendment)

Cancellation of Bank Guarantee before approval

20 EUR

Handling commission (applicable only when RCB Bank Ltd pays a claim)

0,25% min 10 EUR max 500 EUR

Claim fees (applicable only when RCB Bank Ltd pays a claim)

100 EUR

Advising a Bank Guarantee (without responsibility)

0,1% min. 50 EUR, max. 100 EUR

Advising an amendment of Bank Guarantee (without responsibility)

50 EUR (per amendment)

Issuance fees for Bank Guarantees issued under Inward Counter Guarantees

According to Country/Bank Risk min 100 EUR

Swift fees

10 EUR

Courier charges

35 EUR (for abroad) / 10 EUR (for local)

Postages

2 EUR (for abroad) / 1 EUR (for local)

Evaluation of complicated cases

50 EUR – 250 EUR (Ad-hoc fee)



Basic pricing parameters of operations with Letters of Credit
IMPORT LETTERS OF CREDIT
Service Charges
Issue of letter of credit on prepaid or cash covered basis 0,083% per month, min. 0,25% or 50 EUR (whichever is higher)
Issue of letter of credit within a credit limit 0,15% per month, min. 0,45% or 50 EUR (whichever is higher)
Extension of letter of credit on prepaid or cash covered basis 0,083% per month
Extension of letter of credit within a credit limit 0,15% per month
Amendment of a letter of credit 50 EUR (per amendment)
Acceptance Commission of letter of credit on prepaid or cash covered basis 0,083% per month, min. 0,25% or 50 EUR (whichever is higher)
Acceptance Commission of letter of credit within a credit limit 0,15% per month, min. 0,45% or 50 EUR (whichever is higher)
Handling commission (not applicable when Letter of Credit under nomination) 0,25% min. 10 EUR, max. 1000 EUR
Handling of documents (examination - under a letter of credit nomination) 0,25% min. 250 EUR, max. 1000 EUR
Discrepant documents under a letter of credit 80 EUR
Payment/ Reimbursement fees 50 EUR
Courier charges 35 EUR (for abroad) / 10 EUR (for local)
Postages 2 EUR (for abroad) / 1 EUR (for local)
Evaluation of complicated cases 50 EUR – 250 EUR (Ad-hoc fee)
Swift fee 10 EUR
EXPORT LETTERS OF CREDIT
Service Charges
Letter of Credit advising 0,1% min. 50 EUR, max. 100 EUR
Advising of amendment of Letter of Credit 50 EUR
Handling commission (not applicable when Letter of Credit under nomination) 0,25% min. 10 EUR, max. 1000 EUR
Handling of documents (examination - under a Letter of Credit nomination) 0,25% min. 250 EUR, max. 1000 EUR
Payment / Execution commission 0,3% min. 30 EUR, max. 100 EUR
Discrepancy fees 80 EUR
Pre-checking of documents Min. 50 EUR
Reimbursement fees 50 EUR
Courier charges 35 EUR (for abroad) / 10 EUR (for local)
Postages 2 EUR (for abroad) / 1 EUR (for local)
Evaluation of complicated cases 50 EUR – 250 EUR (Ad-hoc fee)
Swift fee 10 EUR
Cancellation commission 25 EUR
Confirmation commission According to Country/Bank risk, min. 100 EUR


Other news