Service Fees and Price Guide - Standard Chartered

[Pages:6]Service Fees and Price Guide

TRADE

Facility Fees

Product Description Management Fee Warehouse Facility Fee Facility Enhancement Fee Facility Restructuring Fee

Charge Description Annually

One off charge One off charge

Commitment Fee Penal rate for late payment

One off charge

Fees

Maximum 1% of the principal amount disbursed Subject to negotiation with client Negotiable subject to maximum of 1% of the additional amount disbursed Maximum of 0.5% of the outstanding amount being restructured Maximum 1% on the undisbursed amount Penal rate is 2% per annum on the outstanding value of the loan

Bonds/Guarantees Product Description Bid bonds/Tender bonds

Performance bonds

Charge Description

Advance payment bonds Bank Guarantees

All other Bonds, Guarantees and Indemnities (Shipping Gtee, SBLC, Customs and excise Bonds etc) Offshore Guarantee

Cancellation fee

Fees Maximum of 1% of Bond value for the first year and 0.5% on subsequent years Maximum 1% of performance Bond value for the first year and 0.5% on subsequent years Maximum of 1% of APG value for the first year and 0.5% on subsequent years Maximum of 1% of transaction value for the first year and 0.5% on subsequent years Maximum of 1% of transaction value for the first year and 0.5% on subsequent years Foreign Bank Charge + SCB Premium which can be up to 2%. This can be reviewed upward or downward based on market conditions. Nil

LC Commission - Import

Product Description Processing of Form M E-Form M Charge Form M Amendment Form M Revalidation Form M Extensions

Pre Arrival Assessment Report (PAAR)

Charge Description

Processing of Form NCX

Establishment commission for credits up to 180 days Establishment commission for credits up to 270 days Establishment commission for credits up to 360 days Request for LC Extension

Renewals

Plus communication charges

Increases or Enhancements in the LC value:

Amendment of LC at the instance of the customer Offshore Advising charges (if charges are for the applicant's account). Telex Charges Offshore Confirmation / PreNegotiation charge

Trade Loan

Penal Rate for late payment after 7 days of grace

Usance Bill under Credit Guarantee Where bill is less than one year Where bill exceeds one year

Fees NGN3,000 NGN5,000 NGN5,000 NGN5,000 NGN5,000 Valid for FX- No Charge Non Valid for FX Form MN2,500 N3,000 in addition to any CBN charge for use of the platform.

1% of face value

1.25% of face value

1.50% of face value

NGN5,000 Commission on applicable LC establishment Additional establishment commission should be charged on the amount of any increase for the unexpired period of validity of credit.

NGN2,000

$100.00

NGN9,000 or equiv. of $25 Offshore Charge + Premium to be determined by SCB Negotiable, subject to prevailing market condition ( Libor / Nibor + Premium to be determined by SCB) Incremental 2% per annum on the outstanding value of the loan

N3 per mille per month

N5 per mille per month

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Service Fees and Price Guide

LC Commission - Export

Product Description Processing and registration of NXP form ? Bank Charge Processing of e-Form NXP ? CBN charge Advising Commission Where a Nigerian Bank Simply verifies authenticity of credit and delivers same

Where a Nigerian Bank has to re-write the credit

Charge Description

Commission on Confirmation of LC

Negotiation

Bills for Collection (Import)

Product Description Processing of Form M

E-Form M Charge

Form M Amendment Form M Revalidation Form M Extensions Risk Assessment Report(RAR) now called Pre Arrival Assessment Report (PAAR) Commission on Clean & Documentary Bill Telex Charge Holding Charge (Applicable for unpaid / Expired and unaccepted Bills) Extension of Bill of Exchange Delivery of Shipping Documents Bill of Exchange Acceptance & return to principal

Request for Trade Loan

Charge Description

Fees NGN3,000

NGN5,000

NGN5,000

NGN0.05% subject to a minimum of Naira equivalent of USD25 Maximum 0.5% of face value subject to a minimum of N5,000

1% of face value

Fees NGN3,000 Maximum of NGN5,000 per CBN directive on electronic processing NGN5,000 NGN5,000 NGN5,000 Valid for FX- No Charge Non Valid for FX Form MN2,500

0.5% of the Bill face value NGN9,000 or equiv. of $25

NGN5,000 per month

NGN3,000 per bill plus swift charge NGN5,000 plus cost of courier NGN5,000 plus cost of courier Negotiable, subject to prevailing market condition (

Penal Rate for late payment - 7 days of grace

Bills for Collection (Export)

Product Description Commission on Bills for Collection Bills for Collection Negotiation Delivery of Shipping Documents

Avalisation

Product Description Avalised Bills of Exchange and Promissory Notes Avalisartion Commission Payment Commission

Others

Product Description Other Open Account Transactions Invoice Financing BDBR Bankers Acceptance Vendor Prepay Receivables Services

Avalisation

Product Description Avalised Bills of Exchange and Promissory Notes Avalisartion Commission Payment Commission

Others

Product Description Other OpenAccount Transactions Invoice Financing BDBR Bankers Acceptance Vendor Prepay Receivables Services

Charge Description

Charge Description

Charge Description Interest TT Swift Commission (where applicable) Charge Description

Charge Description Interest TT Swift Commission (where applicable)

Libor / Nibor + Premium to be determined by SCB) Incremental 2% per annum on the outstanding value of the loan

Fees 0.5% of the Bill value Negotiable NGN5,000 plus cost of courier

Fees

1% of the Bill value 1% of the Bill value

Fees Negotiable, subject to prevailing market condition ( Libor / Nibor + Premium to be determined by SCB) NGN9,000 or equiv. of $25

Fees

1% of the Bill value 1% of the Bill value

Fees Negotiable, subject to prevailing market condition ( Libor / Nibor + Premium to be determined by SCB) NGN5,000

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Service Fees and Price Guide

CASH MANAGEMENT SERVICES

ACCOUNT SERVICES

Local Currency Current or Call Account

Product Description Current Account Maintenance Fee FGN Stamp Duty Fee

Charge Description Fee Regulatory Charge

Credit Interest on Current Accounts(including Dorm Accounts) Deposits held as collateral(Interest on Deposit)

Interest Interest

Closure of Account (savings, current, or Fee

domiciliary)

Corporate Search Corporate

Fee

Affairs Commission (CAC) Charge

Certified true copy of

Fee

form CAC 2 Charge

Certified true copy of MOA charge

Fee

Certified true copy of

Fee

Certificate of Incorporation charge

Cash Withdrawal Over-the-Counter (LCY)

Commission

Cash Deposit Over-the-Counter(LCY) Commission

Standard Cheque Book

Issuance Fee

Stop Cheque Payment(LCY) Cheque Return-Issued on unfunded account (LCY)

Fee Return Fee

Cheque Return-Issued (other reason different from unfunded account ) ?LCY Direct debit Charge

Return Fee Fee

Failed Direct Debit-Due to the account being unfunded

Return Fee

Failed Direct Debit -Due to reasons other than the account being unfunded

Return Fee

Fees NGN1/Mille >=NGN10,000= NGN50 per eligible transaction

Negotiable 30% of MPR p.a

No Charge

Cost recovery

Cost recovery

Cost recovery

Cost recovery

NGN3,000,000 = 5% NGN3,000,000 = 3% NGN2, 500 + NGN100 Stamp Duty per booklet or FCY equivalent NGN500 1% of amount or N5,000 whichever is higher (to be borne by drawer only). This is without prejudice to the Dud Cheque Act No Charge

Same as platform owner charge 1% of amount or N5,000 whichever is higher (to be borne by drawer only). No Charge

Foreign Currency Current or Call Account

Product Description FCY Cash Withdrawal Charge

Charge Description Commission

Standard Cheque Book (FCY) Issuance Fee

Stop Cheque Payment (FCY) Fee

Other Account Services

Product Description Account Statement Special request for statement of account fee (request in a manner other than mandatory issuance) Standing instructions Setup/ Amendment SWIFT MT940/950 SWIFT MT900/910

Charge Description Monthly Fee Fee

Fee Transaction Fee Transaction Fee

PAYMENT TRANSFERS

Book Transfers ? Payment Services

Product Description Book Transfer Within Own Accounts - Electronic Book Transfer To Other Accounts - Electronic Book Transfer Within Own Accounts - Manual Book Transfer To Other Accounts - Manual

Charge Description Transaction Fee Transaction Fee

Transaction Fee Transaction Fee

Local Funds Transfer (RTGS)

Product Description Local Fund Transfer (RTGS) Electronic Local Fund Transfer (RTGS) Manual

Charge Description Transaction Fee

Transaction Fee

Fees 0.05% of transaction value or $10, whichever is lower NGN2, 500 + NGN100 Stamp Duty per booklet or FCY equivalent NGN500

Fees Free NGN20 per page

NIL Waived Waived

Fees No Charge No Charge No Charge No Charge

Fees NGN950 per beneficiary NGN950 per beneficiary

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Service Fees and Price Guide

Mobile Money Payment

Product Description Mobile Money Local Fund Transfer to Account Holder Electronic Mobile Money Local Fund Transfer to Non account Holder - Electronic

Charge Description Transaction Fee

Transaction Fee

Mobile Money Local Fund Transfer to Non account Holder - Electronic

Cash Out Fee

Mobile Payment Card

Issuance Fee

Issuance/Replacement/Renewal

fee

Direct Credit

Fees NGN100 per beneficiary

1% of transaction amount subject to a minimum of NGN150 and maximum of NGN500 1% of transaction amount subject to a minimum of NGN50 and maximum of NGN500 NGN1000

Product Description

Charge Description

Direct Credit to SCB account Electronic Direct Credit to 3rd Party Bank Account ? Electronic(NEFT/NAPS/NIP) Direct Credit to SCB account Manual Direct Credit to 3rd Party Bank Account ? Manual(NEFT/NAPS/NIP)

Transaction Fee Transaction Fee

Transaction Fee Transaction Fee

Fees

No Charge

Below N5,000 = N10 N5,001 to N50,000 = N25 Above N50,000 = N50 No Charge

Below N5,000 = N10 N5,001 to N50,000 = N25 Above N50,000 = N50

Direct Credit (Payroll)

Product Description Direct Credit Payroll to Standard Chartered Bank Account- Electronic Direct Credit Payroll to 3rd Party Bank Account ? Electronic

Charge Description Transaction Fee

Fees No Charge

Transaction Fee

NGN15

Local Bank Cheque

Product Description Cashier's Order Electronic(Local Bank Draft) Cashier's Order Manual(Local Bank Draft) Cashier's Order Courier Charge

Corporate Cheque

Product Description Corporate Cheque

Corporate Cheque Courier Charge Corporate Cheque Stop

International Bank Cheque

Charge Description Issuance Fee Issuance Fee Delivery Fee

Charge Description Issuance Fee

Delivery Fee Stop Fee

Fees NGN300 per cashier order NGN300 per cashier order N100

Fees NGN2, 500 + NGN100 Stamp Duty per booklet or FCY equivalent N100

NGN 500

Product Description

International Bank Cheque Electronic(International Bank Draft) International Bank Cheque(International Bank Draft)-Manual International Bank Cheque (swift charge)

International Bank Cheque (Courier charge)

Charge Description Issuance Fee Issuance Fee Issuance Fee Delivery Fee

Fees

0.1% of the value of the cheque + Offshore charges. 0.1% of the value of the cheque + Offshore charges. $25 or GBP15 or EUR20 or Naira Equivalent of USD25 N100

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Service Fees and Price Guide

Outward Telegraphic Transfers

Product Description Outgoing Telegraphic Transfer - Electronic

Outgoing Telegraphic Transfer - Manual

Outgoing Telegraphic Transfer (SWIFT)

Outgoing Telegraphic Transfer (Offshore Charges)

Charge Description Commission

Commission

Issue

Issue

Fees 0.5% of transaction value + associated offshore charges where applicable 0.5% of transaction value + associated offshore charges where applicable $25 or GBP15 or EUR20 or Naira Equivalent of USD25 $25 or GBP12 or EUR20 or Naira Equivalent of USD25

FCY Inward Telegraphic Transfer

Product Description Inward Telegraphic Transfer

Charge Description Fee

Fees No charge

Multi-Bank Payment

Product Description SWIFT MT101

Charge Description Fee

Fees No charge

FCY Cheque Collection (Cleared Overseas)

Product Description Cheque Collection (FCY) Cleared Overseas

Charge Description Transaction Fee

CHANNEL SERVICES

Straight2Bank ? Basic Setup

Product Description Straight2Bank - Setup and Implementation Straight2Bank - Approver Device (Vasco/Smartcard) Straight2Bank - Training/ Troubleshooting

Charge Description Fee

Charges

Fee

Fees 1% of cheque value or Naira equivalent of $10 whichever is lower

Fees Free NGN2,500 Free

Investigation Services

Product Description Remittance Cancellation/ Recall of Funds

Confirmation of overseas enquiry to correspondent bank at the instant of the customer Remittance Amendment

Charge Description Fee Fee

Fee

Swift Message Request

Fee

Escrow & Account Bank Services

Escrow & Account Bank

Product Description Deal Set up Fee

Management fee

Charge Description Fee

Fee

Fees $25 or GBP15 or EUR20 or Naira Equivalent of USD25 Free

$25 or GBP15 or EUR20 or Naira Equivalent of USD25 $25 or GBP15 or EUR20 or Naira Equivalent of USD25

Fees $10,000 equivalent per account $25,000 equivalent

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Service Fees and Price Guide

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