/video/
Categories
Month: May 2022
Categories
Fees and Commission
|
BANK GUARANTEE |
Fees and commission |
| Guarantee, standby LC risk premium (non-cash covered) |
2% – 4% (annual) |
| Issuance of guarantee, standby LC |
USD 100.00 |
| Amendment to extend or increase guarantee, standby LC amount |
USD 30.00 |
| Amendment on terms and condition |
USD 30.00 |
| Checking of document and payment of claim made under the guarantee, standby LC |
USD 50.00 |
| Cancellation of guarantee, standby LC by request of the customer |
USD 50.00 |
| Adding confirmation on standby LC |
1% – 3% (USD 300) |
| Advising of bank guarantee, standby LC |
USD 20.00 |
| Advising of amendment to terms and condition |
USD 10.00 |
| Inquiries by request of the customer |
USD 10.00 |
Categories
Key advantages for importers
- Reduces the risks of international trade across the different countries
- Lower cost
- Allows the importer to avoid the advance payment or reduce the amount of advance payment (improving cash flow)
- To conduct the business in accordance with its plan while controlling all trade processes including the loading and transportation of goods
- Assure importer’s credibility to the exporter side
- The exporter can get payment as soon as the goods are shipped while the importer can pay after receiving the goods
- The Importer can refuse to pay when required documents under the Letter of Credit are not in comply with the terms and conditions.
Categories
Export L/C fees and commission
|
EXPORT LC |
Fees and commission |
| Advising of L/C |
USD 20.00 |
| Transfer of LC in favor of second beneficiary |
USD 50.00 |
| Advising of each amendment or cancellation |
USD 10.00 |
| LC confirmation |
1% – 3% (min USD 150.00) |
| Document checking under LC by request of request of the client (each set) |
USD 50.00 |
| Receipt of documents and delivery to other banks (each set) |
USD 25.00 |
| Acceptance of draft |
USD 50.00 |
| Negotiation of LC at sight |
0.7% (USD 350.00) |
| Discounting of deferred payment LC /forfeiting/ |
To be negotiated (min USD 350.00) |
| Transferring transferrable LC |
USD 100.00 |
| Inquiries by request of customer |
USD 10.00 |
| LC cancellation by request of the customer |
USD 25.00 |
Categories
Key advantages for exporters
- Reduce the risks of international trade across different countries
- Lower cost
- The exporter will be able to secure payment of the goods by providing the documents that meet the terms and conditions as specified in the letter of credit.
- Reduces production risk, if the importer terminates or changes their order
- The exporter can obtain pre-financing from the bank after the goods are shipped until they receive payment (subject to post-payment terms) from the importer
- The definite payment date allows the exporter to manage its cash flow effectively
- Upon presentation of documents that comply with the terms of condition under the LC, the importer will not be able to refuse the payment of the underlying goods
Categories
Import L/C fees and commission
|
IMPORT L/C |
Fees and commission |
| LC risk premium (non-cash covered) |
2% – 4% (annual) |
| Issuance of L/C |
USD 100.00 |
| Amendment to increase LC amount or extend LC |
USD 30.00 |
| Amendments to other LC conditions |
USD 30.00 |
| Checking of documents under an unconfirmed LC (each set) |
USD 50.00 |
| Receipt of LC cancellation request (upon consent of the other parties) |
USD 30.00 |
| Payment under LC |
USD 25.00 |
| LC confirmation by foreign bank |
According to the foreign bank |
| Inquiries by request of customer |
USD 10.00 |
| Discrepancy charge to each set of documents |
USD 50.00 |
Categories
Letter of Credit – Process flow
Categories
Эрхэм зорилго
We will deliver comprehensive advanced financial solutions supporting sustainable development to each client based on our skilled team, responsible financing, customer-centric service, social responsibility and good governance.
Categories
Алсын хараа
Our bank will become a private bank of international standards.
Categories
Уриа
Хөгжлийг хурдасгах таны санхүүгийн түнш