Documentary credits (DC)
|Issuance fee||1. 0.5% of DC amount, minimum AMD 30,000 for DCs with validity of up to 91 days.
2. For DCs with validity over 91 days, 0.5% of DC amount for 91 days and 0.005% daily thereafter, minimum AMD 30,000.
Issuance fee is collected at the time of DC issuance in lump sum and is not subject to recalculation or refund in case of DC early repayment or cancellation.
|Deferred payment bills (DPB) issuance fee||
|Confirming/Discounting bank fees||All fees applied by confirming/discounting bank for DC confirmation, documents checking, deferred payment and discounting, which in any case are advised to the customer by the Bank and collected.|
|Payment commission||In accordance with Tariff of Charges for Legal Entities of the Bank|
|Discrepancy fee||The Bank will charge 125 unit of DC currency for each set of discrepant documents presented under the DC. The charge is paid by the exporter - the beneficiary|
|Overdue commission||0.1% per month calculated from the bill (presented documents) and proportionally calculated for the part of it minimum AMD 5,000 if payment/disposal instructions have not been received by the Bank within 5 working days after the date of advice of discrepancies.|
|Document checking||Free of charge|
|Advising fee||0.2% of collection amount, minimum AMD 15,000, which is collected at the time of advising|
|Amendment fee||AMD 15,000|
|Payment commission fee||In accordance with Tariff of Charges for Legal Entities of the Bank|
1 Depends on the risks of issuing bank and country
1 Inclusive of VAT
Last updated on: 22/11/19 18:47 UTC
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