Schedule of Charges

  
 

Import Letters of Credit

  
  Opening Commission  

 

0.25% (min HK$300) upto US$50,000 and 0.125% on balance amount

  
  Transfer L/C Commission   Same as above  
  Usance Commission(Usance L/C)   0.0625% per month (min HK$300)  
  Amendment Commission   HK$250  
 

Settlement of Inward Bills under Letter of Credit

  
  Commission in Lieu of Exchange  

0.25% (min HK$300) upto US$50,000
0.125% on balance amount, if payment is received in the same currency
(No commission if payment is effected in HK dollar at our current selling rate)

  
        
 

Inward Bills for Collection

 
  Handling Commission   0.25% (min HK$250) 
  Settlement:     
  Commission in Lieu of Exchange  

0.25% (min HK$ 300) upto US$50,000
0.125% on balance amount, if payment is received in the same currency
(No commission if payment is effected in HK dollar at our current selling rate)

 
        
 

Correspondent Bank's Letter of Credit

  
  L/C Advising Commission   HK$270 (customers) HK$350 (non-customers)  
  L/C Amendment Advising Commission   HK$270 (customers) HK$ 350 (non-customers)  
L/C Confirmation Commission   Available on Application
        
 

Documentary Export Bills With/Without Letters of Credit

  
  Collection   Handling Commission: 0.25% (min HK$250)
Courier: As per destination
Dormant Bill: HKD50 per month over 3 months		  
  Purchase/Discount     
  Commission in lieu of Exchange   0.25% (min HK$250) upto US$50,000 and
0.125% on balance amount
(No commission if proceed is paid in HK Dollars at our current buying rate)		  
  Courier   As per destination  
  Interest   From date of purchase to date of reimbursement (interest rate as per arrangement)  
  L/C Documents Checking Fee   HK$300  
  Handling Fee (Non-L/C Documents)   HK$150  
     
  SWIFT/Telex   As applicable to outward remittance if funds are to be transferred overseas or locally  
 

Packing Loan

 
  Packing Loan   Handling commission: 0.25% (min HKD250)
Each extension of Packing Loan HKD250 per transaction		 
 

Outward Remittance

  
  Demand Draft   US$ and major currencies: HK$40
Pakistan Rupees, Indian Rupees, Sri Lankan Rupees: HK$20		  
  Telegraphic Transfer   HK$200 per remittance  
  CHAT(local TT)   HK Dollar:
HK$40 per payment to accounts with HSBC
HK$100 per payment to accounts with other banks

US Dollar:
HK$30 per payment to accounts with HSBC
HK$80 per payment to accounts with other banks		  
  Exchange Rate   TT Selling Rate  
        
 

Inward Remittance

  
  Telegraphic Transfer   HK$100  
  CHATs (local TT)   HK Dollar: Free
US Dollar: HK$20		 
  Exchange Rate   TT Buying Rate  
        
 

Foreign Currency Bank Drafts/Personal Cheques

  
  Collection   Courier & Handing Commission: HK$200 Plus correspondent bank's charge if applicable 
  Purchase   Courier & Handling Commission: HK$200 Plus correspondent bank's charge if applicable
No commission if proceed is paid in HK Dollars at our current buying rate
0.25% if proceed is paid by Demand Draft in same currency
0.25% + SWIFT/Telex charges as applicable if proceeds are paid by telegraphic transfer in the same currency

Interest will be payable on drafts and cheques drawn in currencies other than US dollar from date of purchase till receipt of proceeds
Return unpaid: HK$150 per cheque plus correspondent bank's charge if applicable 		 
        
 

General Services

  
  Issuance of Bank Reference Letter   HK$200  
  Verification of Signature on document   HKD100  
  Local Company Search Report   HK$240  
Audit Confirmation   HK$350
  Dormant A/C Charges   HK$400 (half yearly) 
Note: Charges are payable in Hong Kong Dollar or equivalent amount in the currency of the transaction

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