Give guarantee of payment to your trade partner with a SBLC. We will pay a stated amount within an agreed time limit and against specified documents, or when certain default events occur.
Features & Benefits
Features & Benefits
Assurance
Better Trade Terms
Certainty
Our strong credit standing can enhance your own credit standing.
With a guarantee of payment, you can negotiate better terms and conditions in your trade agreement.
Give your trading partner the certainty of getting paid if you default on your agreement.
Eligibility
Applicable for all customers with a Standby Letter of Credit requirement
Fees and Charges
Type of product / service
Fees & Charges
Cut-off time for transaction to be processed
Issuance and amendment involving increase in amount and/or extension of expiry date
0.1% per month or part thereof – Minimum RM100
Monday to Friday: 4:00 p.m. same day
It is estimated that funds will be credited by the receiving Bank on the next business day.
Amendments - others
RM50 flat
Acceptance
0.1% per month or part thereof - Min RM100
Cancellation prior to expiry date
RM100 flat
Documents Discrepancy Fee
RM denominated Documentary Credit - RM50 flat
FCY denominated Documentary Credit - USD50 flat or equivalent
Note: CIMB Bank Berhad reserves the right to vary the fees and charges stated above with prior notice or as agreed with the customer in the Letter of Offer.