Trade Financing & Bank guarantee
TRADE FINANCING AND BANK GUARANTEE FEE TARIFF
For Organization customers
| I. DOCUMENTARY COLLECTION | |||||
| FEE CODE | NO. | SERVICE | FEE (VAT not included) | ||
| 1 | Import documentary collection | ||||
| B001 | 1.1 | Advising of documents arrival | 5 USD/set of docs | ||
| B002 | 1.2 | Acceptance | 20 USD | ||
| B003 | 1.3 | Payment | 0.2 % * bill value (min: 10 USD) + 20 USD (cable charge) | ||
| B004 | 1.4 | Payment refusal | 10 USD + actual cost | ||
| B005 | 1.5 | BL endorsement/ Issuing Goods Delivery Authorization | 5 USD/time | ||
| B006 | 1.6 | Forwarding documentary collection to other local banks | 5 USD/time + postal charge + actual cost | ||
| 2 | Export documentary collection | ||||
| B007 | 2.1 | Handling charges | 5 USD + postal charge + actual cost | ||
| B008 | 2.2 | Payment commission | 0.15 % * bill value (min: USD 15; max: USD 300) | ||
| B09 | 2.3 | Fee for re-purchasing before maturity of negotiated export docs | Negotiable | ||
| B010 | 2.4 | Amendment of collection instruction | 5 USD/time + cable charge/ postal charge (if any) | ||
| B011 | 2.5 | Investigation at drawer's request | 5 USD/time + cable charge + other bank's charge (if any) | ||
| B012 | 2.6 | Cancellation at drawer's request | 10 USD + other arising charge (if any) | ||
| B013 | 2.7 | Payment refusal | As actual cost | ||
| II. DOCUMENTARY CREDITS (LC) | |||||
| FEE CODE | NO. | SERVICE | FEE (VAT not included) | ||
| 1 | Import documentary credits (Import LC) | ||||
| 1.1 | Issuance (*) | min: 30 USD + 30 USD (cable charge) | |||
| B014 | a. Margin by amount in marginal account/ secured by amount in current account at IVB | 0.075% * LC value (including tolerance) * number of days/30 | |||
| (Number of days: from issuing date to expiry date, min 30 days) | |||||
| B015 | b. Secured by time deposits, valuable papers issued by IVB | 0.09% * LC value (including tolerance) * number of days/30 | |||
| (Number of days: from issuing date to expiry date, min 30 days) | |||||
| B092 | c. Non-secured/ Non-marginal/ Secured by other assets |
0.12% * LC value (including tolerance) * number of days/30 (Number of days: from issuing date to expiry date, min 30 days) |
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| 1.2 | Amendment | Min: 20 USD + 20 USD (cable charge) | |||
| B016 | a. Increase amount + other amendment (if any, extension not included) (*) | Same as LC issuance (calculated on increasing LC value, including tolerance) | |||
| (Number of days: from amendment date to expiry date, min 30 days) | |||||
| B017 | b. Extension + other amendment (if any, increasing amount not included) (*) | 0.1% * number of extension days/30 * LC outstanding (including tolerance) | |||
| (Number of extending days: from the old expiry date to new expiry date, min 30 days) | |||||
| B018 | c. Amount increase + extension + other amendment (if any) (*) | Applicable charge code B016+B017 | |||
| B019 | d. Other amendment (not include as above) | 20 USD/time | |||
| B020 | 1.3 | LC cancellation | 30 USD + cable charge + oversea bank's charge (if any) | ||
| B021 | 1.4 | Payment commission | 0.2% * bill value; min: 25 USD + 20 USD (cable charge) | ||
| 1.5 | BL endorsement/ Issuing Goods Delivery Authorization | ||||
| B022 | a. BL accompanied with shipping docs | Free | |||
| B023 | b. BL received from customer prior to the arrival of shipping docs | 10 USD/time | |||
| B024 | 1.6 | Issuing shipping guarantee | 0.1% * guaranteed value; min: 50 USD; max: 200 USD | ||
| B025 | 1.7 | Amendment of shipping guarantee | 10 USD/time | ||
| B028 | 1.8 | Late return of shipping guarantee (collected if after one month from the date IVB send the original BL to customer but customer has not returned the guarantee to IVB, fee is collected each month on the day ending one month of late return) | 0.1% * guaranteed value; min: 50 USD; max: 200 USD | ||
| 1.9 | Acceptance of usance bill | B026 + B027, min 50 USD | |||
| B026 | a. Acceptance of usance bill applied for marginal bill value (on marginal account)/ bill value secured by amount in current account at IVB | 0.05% * marginal bill value (on marginal account)/ bill value secured by amount in current account at IVB * LC payment period/30 (min 30 days) | |||
| B027 | b. Acceptance of usance bill applied for bill value secured by time deposits, valuable papers issued by IVB/ non-secured/ non-marginal/ secured by other assets | 0.1% * bill value secured by time deposits, valuable papers issued by IVB/ non-secured/ non-marginal/ secured by other assets * LC payment period/30 (min 30 days) | |||
| B029 | 1.10 | Discrepancy charge (**) | 70 USD | ||
| B030 | 1.11 | Handling charge (**) | 0.03%* bill value; min: 30 USD, max: 300 USD | ||
| B031 | 1.12 | Handling charge on re-presentation of docs (**) | 25 USD | ||
| B032 | 1.13 | Returning Shipping docs under LC | 10 USD + postal charge + actual cost | ||
| B033 | 1.14 | Consultancy fee for LC issuing/ LC draft issuing | Negotiable | ||
| B093 | 1.15 | Change margin method, change secured method (as method in section 1.1) (*) | Additional fees due to change in margin method/ change in secured method, as LC issuance fee + collateral change fee (if any) | ||
| 2 | Export documentary credits (Export LC) | ||||
| 2.1 | Documentary credits | ||||
| 2.1.1 | Advising LC | ||||
| B034 | a. Advising to IVB's customers | 20 USD | |||
| B035 | b. Forwarding to 2nd advising bank | 30 USD + 30 USD (cable charge)/ postal charge (if any) | |||
| 2.1.2 | Advising LC Amendment | ||||
| B036 | a. Advising to IVB's customers | 10 USD | |||
| B037 | b. Forwarding to 2nd advising bank | 20 USD + 20 USD (cable charge)/ postal charge (if any) | |||
| B038 | 2.1.3 | Settlement of export bill under LC | 0.15% * bill value (min: 20 USD; max: 500 USD) + postal charge | ||
| B039 | 2.1.4 | LC cancellation at customer's request | 15 USD + Oversea bank's charge (if any) | ||
| B040 | 2.1.5 | Payment refusal from oversea bank | As actual cost | ||
| 2.1.6 | Handling charge | Handling fee + postal charge | |||
| B041 | a. Docs presented at IVB | Free | |||
| B042 | b. Docs presented at other bank after being checked by IVB | Handling fee = 30 USD | |||
| B043 | c. Documents consultancy at customer's request | Negotiable | |||
| 2.2 | Transferable LC | ||||
| B044 | 2.2.1 | Transferring LC | 0.1% * transferring value (including tolerance) (min: 50 USD; max: 300 USD) + 30 USD (cable charge)/postal charge |
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| 2.2.2 | Amendment of transferable LC | ||||
| B045 | a. Increasing amount | 0.1% * increasing amount (including tolerance) (min: 30 USD) + 20 USD (cable charge)/postal charge |
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| B046 | b. Other amendments | 20 USD/time + 20 USD (cable charge)/postal charge | |||
| B047 | 2.2.3 | Discrepancy charge on transferred docs (**) | 70 USD | ||
| B048 | 2.2.4 | Transferable LC cancellation at customer's request | 20 USD + cable charge (if any) + oversea bank's charge (if any) | ||
| 2.2.5 | Settlement of export bill under transferable LC | ||||
| B049 | Payment commission under original LC (for account of first beneficiary) |
0.2% * claim amount of the first beneficiary (Min: 25 USD) + 20 USD (cable charge) | |||
| B050 | Handling charge of transferred LC (for account of second beneficiary) |
0.03% * claim amount of the second beneficiary Min: 30 USD; Max: 300 USD |
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| III. INTERNATIONAL STANDBY LC | |||||
| NO | SERVICE | FEE (VAT not included) | |||
| Margin by amount in marginal account/ secured by amount in current account at IVB (% p.a) | Secured by time deposit, valuable papers issued by IVB (% p.a) | Secured by other assets/ Non-secured/ Non-margin (% p.a) | |||
| 1 | Issuing (*) (Fee as B052 or B053) + 30 USD (cable charge) | ||||
| B052 | a. In IVB's form |
0.6 min 30 USD |
0.7 min 30 USD |
1.6 min 30 USD |
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| B053 | b. In other forms accepted by IVB | Fee B052 + 10 USD | |||
| 2 | Amendment (*) | ||||
| B054 | a. Increasing amount/ Extension |
Same as issuing fee in item 1, Calculated on the increasing amount/ extension, Number of days: from the amendment date to expiry date (for increasing amount)/ from the next day of the old expiration date to the end of the new expiration date of this extension time (for extension) Min: 15 USD |
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| B055 | b. Other amendment | 20 USD | |||
| B056 | 3 | Advising standby LC | 30 USD + (30 USD of cable charge)/ postal charge (if any) | ||
| B057 | 4 | Advising standby LC amendment | 20 USD + (20 USD of cable charge)/ postal charge (if any) | ||
| B058 | 5 | Standby LC claim service under overseas Standby LC |
0.4% * claiming value + cable charge (if any) Min 20 USD (not including cable charge) |
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| B059 | 6 | Issued international standby LC verification | 10 USD + cable charge (if any) | ||
| B060 | 7 | Cancellation | 50 USD + cable charge + oversea bank's charge (if any) | ||
| IV. BANK GUARANTEE | |||||
| NO | SERVICE | FEE (VAT not included) | |||
| Margin/ secured by deposit at IVB(% p.a) | Secured by time deposit, valuable papers issued by IVB (% p.a) | Secured by other assets/ Non-secured/ Non-margin (% p.a) | |||
| 1 | Domestic bank guarantee | ||||
| 1.1 | Issuing (*) | ||||
| 1.1.1 | In IVB's form - Min 550,000 VND or equivalent | ||||
| B061 | a. Bid guarantee | 0.5 | 0.7 | 1.5 | |
| B062 | b. Performance guarantee/ Warranty guarantee/ Advance payment guarantee | 0.6 | 0.7 | 2.0 | |
| B063 | c. Payment guarantee/ Other guarantee | 0.7 | 0.8 | 2.5 | |
| B064 | 1.1.2 | In other forms accepted by IVB | Fee Item 1.1.1 + 100,000 VND or 10 USD/ guarantee commitment | ||
| 1.2 | Amendment (*) | ||||
| B065 | a. Increasing amount/ Extension |
Same as issuing fee in item 1.1, Calculated on the increasing amount/ extension, Number of days: from the amendment date to expiry date (for increasing amount)/ from the next day of the old expiration date to the end of the new expiration date of this extension time (for extension) Min: 300,000 VND or equivalent |
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| B066 | b. Other amendment | 400,000 VND or equivalent | |||
| B067 | 1.3 | Issued domestic guarantee verification | 200,000 VND or equivalent | ||
| B068 | 1.4 | Cancellation | 200,000 VND or equivalent | ||
| B094 | 1.5 | Change of margin/ secured part | Additional fees due to change in amount/ change in collateral, as LC issuance fee + collateral change fee (if any) | ||
| 2 | International bank guarantee | ||||
| 2.1 | Issuing (*): (Fee as B069 or B070) + 30 USD (cable charge) | ||||
| B069 | a. In IVB's form |
0.6 min 30 USD |
0.7 min 30 USD |
2.0 min 30 USD |
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| B070 | b. In other forms accepted by IVB | Fee B069 + 10 USD/ guarantee commitment | |||
| 2.2 | Amendment (*): Fee as B071 or B072 + 20 USD (cable charge) | ||||
| B071 | a. Increasing amount/ Extension |
Same as item 2.1, Calculated on the increasing amount/ extension, Number of days: from the amendment date to expiry date (for increasing amount)/ from the next day of the old expiration date to the end of the new expiration date of this extension time (for extension) Min 15 USD |
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| B072 | b. Other amendment | 20 USD | |||
| B073 | 2.3 | Advising bank guarantee | 30 USD + (30 USD of cable charge)/ postal charge (if any) | ||
| B074 | 2.4 | Advising bank guarantee amendment | 20 USD + (20 USD of cable charge)/ postal charge (if any) | ||
| B075 | 2.5 | Bank guarantee claim service under overseas bank guarantee |
0.4% * claiming value + cable charge (if any) Min 20 USD (not including cable charge) |
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| B076 | 2.6 | Issued international guarantee verification | 10 USD + cable charge (if any) | ||
| B077 | 2.7 | Cancellation | 50 USD + cable charge + oversea bank's charge (if any) | ||
| 3 | Special bank guarantee | ||||
| 3.1 | Issuing in IVB's form (*) | ||||
| B078 | a. Counter guarantee | As Issuing fee at Item 1.1 and Item 2.1 | |||
| B079 | b. Bank guarantee based on counter guarantee of other credit institution |
1.7 + 30 USD (cable charge) (if any) min 30 USD (not including cable charge) |
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| B080 | 3.2 | Issuing in other forms accepted by IVB (*) | Fee item 3.1 + 10 USD/ guarantee commitment | ||
| B081 | 3.3 | Bank guarantee confirmation (*) | 1.8 + 20 USD (cable charge) (if any)
min 30 USD (not including cable charge) |
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| B082 | 3.4 | Issued guarantee verification | 10 USD + cable charge (if any) | ||
| V. CABLE CHARGE & POSTAL CHARGE | |||||
| FEE CODE | NO. | SERVICE | FEE (VAT not included) | ||
| 1 | Cable charge | ||||
| B083 | 1.1 | Inside Viet Nam | 10 USD/ message | ||
| B084 | 1.2 | Outside Viet Nam | 10 USD/ message | ||
| 2 | Postal charge | ||||
| B086 | 2.1 | Inside Viet Nam | At actual cost; min: 20,000 VND/time | ||
| 2.2 | Outside Viet Nam | ||||
| B087 | a. Asian zone, Australia, New Zealand | At actual cost; min: 40 USD/time | |||
| B088 | b. European zone | At actual cost; min: 40 USD/time | |||
| B089 | c. North American zone | At actual cost; min: 40 USD/time | |||
| B090 | d. African zone | At actual cost; min: 50 USD/time | |||
| B091 | e. Other zones | At actual cost; min: 60 USD/time | |||
NOTES:
- 1. Min: minimum fee; Max: maximum fee; USD: The United States of America Dollar; VND: Vietnamese Dong
- 2. This Tariff may change without any prior notices from IVB and be published on IVB's website: www.indovinabank.com.vn
- 3. With the charges regulated in foreign currency, if collecting by VND, the selling currency exchange rate at the time of fee collection will be applied.
- 4. Collected charges are not refundable, even if transactions are cancelled by customers' orders, or transactions are not made due to another reason which is not caused by IVB.
- 5. All fees in Trade financing and Bank guarantee fee tariff for organization customers, including cable charges, are subject to VAT at the tax rate prescribed by legal regulations, except fees marked with (*) which are not subject to VAT. All stipulated charges are not included VAT and third party's charges (if any).
- 6. Fee marked (**) will be collected from beneficiary, except for cases under other negotiation with Customer.
- 7. Special cases or specific fees under product/service shall be subject to IVB’s decision.
