Wednesday, 12 December 2018, 5 Rabiulakhir 1440H Solat Time:
KL Imsak 5:38 | Subuh 5:48 | Syuruk 7:08 | Zohor 1:10 | Asar 4:32| Maghrib 7:06 | Isyak 8:20

Bank Guarantee


Subject Charges Rate / Amount
1. Upon issuance
Non-Financial Guarantee
Commission
0.6% – 2.0% p.a.
Min : RM50.00
Financial Guarantee
0.75% – 2.25% p.a.
Min : RM50.00
Note
* Deviation of Rate = follow L/O
* Deviation of Min. Charges = follow this
standard (RM50.00)
Commission formula:
= FV x r x t
36500
Where,
FV = LG value
r = commission rate (as determine in LO)
t = no of month or part thereof
Non-Standard Format
Handling Fee
RM150.00 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 RM300.00
whichever is higher.
Performance Guarantee
As per above commission
formula with commission rates as 1.5% p.a. of the BG amount or RM300.00 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 : RM50.00
Increase in amount
As per commission formula above
Note:
Commission will be charged from the
amendment date till the expiry date only.
Min : RM50.00
Only changes in particular other than period and amount
RM50.00 per request
Reduction in tenor and amount
RM50.00 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 : RM50.00
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 : RM50.00
Local
Postage
Courier
Actual direct cost incurred
Actual direct cost incurred
Foreign
Courier
Actual direct cost incurred
Issuance
SWIFT MT760
RM60.00
Amendment
SWIFT MT767
RM50.00
Others (MT799 etc.)
Local :RM25.00
Foreign :RM50.00
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)
RM50.00

 

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