Service Fees and Price Guide - Standard Chartered

Service Fees and Price Guide

TRADE

Facility Fees Product Description

Management 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

Bonds/Guarantees

Product Description Bid bonds/Tender bonds

Charge Description One off charge

Performance bonds

Advance payment bonds

Bonds of customs and excise (Bank Guarantees) All other bonds and guarantees (Shipping Gtee, SBLC etc) Offshore Guarantee

One off charge

Cancellation fee

LC Commission - 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) Establishment commission for credits up to 180 days

Charge Description

Plus communication charges

Fees

Maximum 1% of the principal amount disbursed 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

Fees Maximum of 1% of Bond value Maximum 1% of performance Bond value Maximum of 1% of APG value Maximum of 1% of transaction value

Maximum of 1% of transaction value

Foreign Bank Charge + SCB Premium which can be up to 2% Nil

Fees NGN3,000 NGN1,500 NGN5,000 NGN5,000 NGN5,000

Valid for FX- No Charge Non Valid for FX Form MN2,500

1% of face value

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

Renewals

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 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

LC Commission - Export

Product Description Processing and registration of NXP form Advising Commission Where a Nigerian Bank Simply verifies authenticity of credit and delivers same

Charge Description

Where a Nigerian Bank has to re-write the credit

Commission on Confirmation of LC

Negotiation

1.25% of face value

1.50% of face value NGN5,000 Commission on applicable LC establishment Additional establishment commission will be charged on the amount of any increase for the unexpired period of validity of credit. NGN2,000

$100.00

NGN5,000 Offshore Charge + Premium to be determined by SCB Negotiable, subject to prevailing market condition ( Libor +7%/Nibor + 5%) Incremental 2% per annum on the outstanding value of the loan

N3 per mille per month N5 per mille per month

Fees NGN5,000

NGN5,000

NGN0.05% subject to a minimum equivalent of USD25 or it equivalent

0.5% of face value subject to a minimum of N5,000

1% of face value

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Service Fees and Price Guide

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 Bills for collection negotiation Delivery of Shipping Documents Bill of Exchange Acceptance & return to principal

Request for Trade Loan

Charge Description

Penal Rate for late payment - 7 days of grace

Bills for Collection (Export)

Product Description Commission on Bills for Collection Bills for Collection Negotiation

Avalisation

Product Description Avalised Bills of Exchange and Promissory Notes

Charge Description Charge Description

Fees NGN3,000 Maximum of NGN1,500 per CBN circular 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 NGN5,000

NGN5,000 per month

NGN3,000 per bill plus swift charge 0.5% of the Bill value

NGN5,000

NGN5,000

Negotiable, subject to prevailing market condition (Recommend Libor +7%/Nibor + 5%) Incremental 2% per annum on the outstanding value of the loan

Fees 0.5% of the Bill value

Negotiable

Fees

Avalisartion Commission Payment Commission

Others

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

Charge Description Interest

TT Swift Commission (where applicable)

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

Fees Negotiable, subject to prevailing market condition (Libor +7%/Nibor + 5%) 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

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

Charge Description Fee Commission

Interest

Interest

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

0.0% 30% of MPR p.a

Closure of Account (savings, current, or Fee

domiciliary)

Corporate Search Corporate

Fee

Affairs Commission (CAC) Charge

No Charge Cost recovery

Certified true copy of form CAC 2 Charge

Fee

Cost recovery

Certified true copy of MOA charge

Fee

Cost recovery

Certified true copy of Certificate of Incorporation charge

Cash Withdrawal Over-the-Counter (LCY)

Cash Deposit Over-the-Counter(LCY) Standard Cheque Book

Fee

Commission

Commission 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

Foreign Currency Current or Call Account

Return Fee

Cost recovery

NGN3,000,000 = 5% No Charge NGN2, 500 + NGN100 Stamp Duty per booklet or FCY equivalent NGN500 1% of Transaction Amount, subject to maximum of NGN5,000 whichever is higher No Charge

Product Description FCY Cash Withdrawal Charge

Standard Cheque Book (FCY)

Charge Description Commission

Issuance Fee

Stop Cheque Payment (FCY) Fee

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

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 Free NGN20 per page

NGN 300 Waived Waived

Fees No Charge No Charge No Charge No Charge

Fees NGN525 per beneficiary NGN550 per beneficiary

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 Payment Card

Issuance Fee

Issuance/Replacement/Renewal

fee

Fees NGN100 per beneficiary

NGN150 + NGN50 Cashout fee at agent location(to be borne by sender) per beneficiary NGN1000

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Service Fees and Price Guide

Direct Credit Product Description

Charge Description

Fees

International Bank Cheque Product Description

Charge Description

Fees

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

No Charge NGN35

No Charge NGN50

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

Issuance Fee Issuance Fee Issuance Fee Delivery Fee

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 NGN4000 N100

Direct Credit (Payroll)

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

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

Charge Description Transaction Fee Transaction Fee Transaction Fee Transaction Fee

Charge Description Issuance Fee Issuance Fee Delivery Fee

Charge Description Issuance Fee

Corporate Cheque Courier Charge Corporate Cheque Stop

Delivery Fee Stop Fee

Fees No Charge

NGN35

No Charge

NGN50

Fees NGN250 per cashier order NGN250 per cashier order N100

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

Outward Telegraphic Transfers

Product Description Outgoing Telegraphic Transfer - Electronic

Charge Description Commission

Outgoing Telegraphic Transfer Commission - Manual

Outgoing Telegraphic Transfer Issue (SWIFT)

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 NGN4000

FCY Inward Telegraphic Transfer

EnPhroadnuccetdDeCsrcorispstioBnorder PayroClhl arge Description

Fees

T

Inward Telegraphic Transfer

Fee

No charge

Enhanced Cross Border Payroll - Stop

S

MuEltni-hBaannkcePadyCmreonst s Border Payroll - Return

R

EnhParondcuecdt DCersocsrisptBioonrder PayroCllharge Description Fees

Tr

EnhSWanIFcTedMTC1r0o1ss Border PayroFlle-eStop

No charge

St

Enhanced Cross Border Payroll - Return

Re

FCY Cheque Collection (Cleared Overseas)

Product Description Cheque Collection (FCY) Cleared Overseas

Charge Description Transaction Fee

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

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Service Fees and Price Guide

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 Free

NGN3,500

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

Swift Message Request

Charge Description Fee Fee

Fee Fee

Fees US$25 or GBP15 or EUR20 or NGN4000 Free

US$25 or GBP15 or EUR20 or NGN4000 US$25 or GBP15 or EUR20 or NGN4000

SECURITIES SERVICES

CUSTODY FEES

Foreign Clients

Product Description Custody Fees Transaction Fee

Charge Description Fee Fee

Fees 35 bps $100

Local Clients(Fixed income and MM

instruments held with CBN)

Product Description

Charge Description

Custody Fees

Fee

Transaction Fee

Fee

Fees 35 bps p.a NGN500

Euro Bonds

Product Description Custody Fees Transaction Fee

Charge Description Fee Fee

Fees 35 bps $100

ESCROW SERVICES & Account Bank Services

Escrow & Account Bank

Product Description Deal Set up Fee

Management fee

Charge Description Fee

Fee

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

BOND AGENCY (ICPA)

ICPA

Product Description Acceptance Fee Per Tranche Issuance Fee

Charge Description Fee Fee

Fees $5,000 equivalent $5,000 equivalent per tranche

LOAN AGENCY (E.G. SECURITY AGENT)

Loan Agency

Product Description Set up fee Annual Management Fee

Charge Description Fee Fee

Fees $20,000 equivalent $25,000 equivalent

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