Monday, 20 February 2017, 23 Jamadilawal 1438H Solat Time:
KL Imsak 6:00 | Subuh 6:10 | Syuruk 7:25 | Zohor 1:30 | Asar 4:47 | Maghrib 7:29 | Isyak 8:39

Bank Guarantee


Subject Charges Rate / Amount
1. Upon issuance
Non-Financial Guarantee
Commission
0.6% – 2.0% p.a. + 6% GST
Min : RM53.00
Financial Guarantee
0.75% – 2.25% p.a. + 6% GST
Min : RM53.00
 Note
* Deviation of Rate = follow L/O
* Deviation of Min. Charges = follow this
standard (RM53.00)
Commission formula:
= FV x r x t
      36500
+ 6% GST
Where,
FV = LG value
r = commission rate (as determine in LO)
t = no of month or part thereof
Non-Standard Format
Handling Fee
RM159.00 flat rate
BG 1:1 :
Commission
Financial Guarantee
As per above commission
formula with commission rates as 1.75% p.a. of the BG amount or RM318.00
whichever is higher.
Performance Guarantee
As per above commission
formula with commission rates as 1.5% p.a. of the BG amount or RM318.00 whichever is higher.
2. Amendment:
Extension of period
Commission
As per commission formula above
Note:
Commission will be charged for the extended contract period only.
Min : RM53.00
Increase in amount
As per commission formula above
Note:
Commission will be charged from the
amendment date till the expiry date only.
Min : RM53.00
Only changes in particular other than period and amount
RM53.00 per request
Reduction in tenor and amount
RM53.00 per request
Amount increase and extension of expiry date
As per commission formula calculated based on new amount from the extension date until new expiry date.
Min : RM53.00
Amount decrease and extension of expiry date
As per commission formula calculated based on new amount (decreased amount) from the extension date to the new expiry date.
Min : RM53.00
Local
Postage
Courier
Actual direct cost incurred
+ 6% GST
Actual direct cost incurred
+ 6% GST
Foreign
Courier
Actual direct cost incurred
+ 6% GST
Issuance
SWIFT MT760
RM63.60
Amendment
SWIFT MT767
RM53.00
Others (MT799 etc.)
Local :RM26.50
Foreign :RM53.00
3. Letter of Indemnity
Signed by applicant
Stamp duty
RM10.00
Signed by applicant and third party as a guarantor (if signed on the same LI)
RM10.00
4. Original copy Bank Guarantee
Stamp duty
RM10.00 (regardless of type of guarantee)
5. Replacement of Lost Guarantee
Other Charges (including out of pocket expenses)
RM53.00

 

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