Notice of Changes in Tariff and Charges (Effective as from 15 January 2022)
2021-12-08
Our customers and the public are hereby informed that new tariff and charges will be effective as from 15 January 2022.
Details are as follows:
| Product | Price for Onshore | Price for Offshore |
|---|---|---|
| 1. Import Collection | ||
| Import collection | 0.5% of amount, Min.USD30.00 | 0.25% of amount, Min.USD100.00 |
| Import collection par Aval | 2% of amount, p.a Min. USD30.00. | 0.25% of amount,p.a Min. USD100.00 |
| Release document free of payment / Document return | Release document free of payment: 0.5% of amount, Min.USD30.00 (charge this fee when the bank sent the document stated no goods value is collected, and charge no import collection fee) Document return: USD15.00 per two weeks |
Release document free of payment:0.25% of amount, Min.USD100.00 (charge this fee when the bank sent the document stated no goods value is collected, and charge no import collection fee) Document return: USD20.00 |
| Conversion of D/P Tenor to D/A Tenor or extension of payment | 0.5% of amount, Min.USD30.00 | 0.25% of amount, Min.USD100.00 |
| Handling fee | USD10.00 | Free |
| 2. Export Collection | ||
| Documentary collection | Rupees:0.5% of amount,Min.USD15.00 Foreign currencies: 0.125% of amount,Min.USD15.00 | 0.25% of amount p.a Min. USD100.00 |
| Release document free of charge / Document return | Release document free of payment: 0.5% of amount, Min.USD30.00 (charge this fee when the bank sent the document stated no goods value is collected, and charge no import collection fee) Document return: USD15.00 |
Release document free of payment: 0.25% of amount, Min.USD100.00 (charge this fee when the bank sent the document stated no goods value is collected, and charge no import collection fee) Document return: USD20.00 |
| Amendment of collection instruction (including document collection under L/C) | USD15.00 | USD20.00 |
| Collection tracing | USD15.00 | USD25.00 |
| Handling fee | USD15.00 | Free |
| Local fee | USD10.00 | Free |
| 3. Import Documentary Letter of Credit | ||
| Issuance of L/C | 0.5% of the L/C amount for the first six months, Min.USD45.00. For each additional quarter: 0.25%, Min.USD15.00 | 0.5% of the L/C amount for the first six months, For each additional quarter: 0.25%, Min.USD50.00 per quarter |
| Amendment of L/C | USD20.00 | 0.5% of the increased amount Min.USD50.00 Other amendments:USD25.00 |
| Cancellation of L/C | USD30.00 | USD30.00 |
| Acceptance/commitment to payable at usance | Acceptance: 0.125% of amount per month, Min. USD15.00; Negotiation: 0.25% of amount, Min.USD15.00 | Acceptance: 0.125% of amount per month, Min. USD50.00; Negotiation: 0.25% of amount, Min.USD50.00 |
| Document return/Discrepancy fee | USD20.00 | USD75.00 |
| Handling fee | USD10.00 | Free |
| 4. Export Documentary Letter of Credit | ||
| Cancellation of L/C | USD30.00 | USD30.00 |
| Advise/Pass forward of L/C | USD15.00 | USD30.00 |
| Confirmation | Be charged in accordance with the risk levels of countries or banks,Min.15.00 | As per arrangement, Min.USD100.00 |
| letter of credit transfer(including amendment to letter of credit transfer) | 0.25%, Min.USD30.00 | 0.25%, Min.USD100.00 |
| Document examination/Document return | Foreign currencies:0.125%+handling fee, Min.USD15.00 Rupees: 0.5%+handling fee, Min.USD15.00 | 0.25%, Min.USD50.00 |
| Tracing and inquiry/Consultancy | USD15.00 | USD25.00 |
| 5.Guarantee(including standby L/C) | ||
| Fee on financing guarantee | 2% per year, Min.USD30.00 | 0.25% per quarter,Min.USD50.00 per quarter |
| Fee on non-financing guarantee | Tender guarantee:1% of amount for the first 6 months, 0.25% for each additional 3 months, Min. USD20.00; Performance guarantee: for first Rs.5 million, 1.5% p.a., for any amount above Rs.5 million 1% p.a., Min.USD45.00; Advance payment guarantee: 1% of amount p.a., Min.USD45.00; Retention Money guarantee: 1% of amount p.a., Min.USD45.00; others:2% p.a. Min. USD30.00 | 1% p.a., Min.USD500.00 p.a |
| Advise/Pass forward of guarantee | USD20.00 | USD30.00 |
| Fee on guarantee issuance/re-issuance for financial institutions | 2% p.a, Min.USD30.00 | 0.25% per quarter, Min.USD50.00 per quarter |
| Guarantee handling fee | Amendment:USD15.00, Cancellation:USD30.00 | USD30.00 |
| Fee on proxy service for guarantee business | USD30.00 | USD100.00 |
| 6. Risk Participation | ||
| Risk-taking fee | As per arrangement | As per arrangement |
| 7. Others | ||
| Agent for seal verification/adding test key | Seal verification: USD15.00 Adding test key: local:USD45.00 |
Seal verification:USD30.00 Adding test key:USD75.00 |
| Consulting & advisory fee | As per arrangement | As per arrangement |
| Pre-examination of document | USD20.00 | USD20.00 |
| Re-financing handling fee | As per arrangement | As per arrangement |
| Credit certification fee | USD15.00 | USD25.00 |
| Retrospective issuance of bills for guarantee and L/C | USD15.00 | USD25.00 |
| Swift fee | USD15.00 | USD25.00 |
| Postage fee | Domestic:USD20.00 International:USD50.00 | Domestic:USD20.00 International:USD50.00 |
| 8. Settlement Product | ||
| MACSS Transfer | MUR 100.00 | N/A |
| Corp Swift Cable Fee | USD15.00 | USD15.00 |
| Corporate Ourtward Remittance | 0.25% Min.USD75 and Max. USD200 | 0.25% Min.USD75 and Max. USD200 |
| Corp Remittance Tracing | USD15.00 per transaction+foreign bank's charges | USD20.00 per transaction+foreign bank's charges |
| Corp Amendment to a Payment Instruction | USD15.00 per transaction+foreign bank's charges | USD20.00 per transaction+foreign bank's charges |
| Corp Cancellation of a Payment | USD15.00 per transaction+foreign bank's charges | USD20.00 per transaction+foreign bank's charges |
| Corp Refund a Remittance | USD15.00 per transaction+foreign bank's charges | USD20.00 per transaction+foreign bank's charges |
| Corp Remittance Special Clearance | Free | Free |
| Corp Bank Certificate | USD15.00 per transaction | USD25.00 per transaction |
| Corp Bank Confirmation | USD15.00 per transaction | USD25.00 per transaction |
| Corp Postage／Courier | USD 15.00 per transaction | USD50.00 per transaction |
| Corp Statement Printing | USD5.00 per transaction | USD20.00 per transaction |
| Corp Special Handling | Free | Free |
| Corp Activate a Dormant Account | USD5.00 per transaction | USD25.00 per transaction |
| CI For FI Trans Remittance | USD15.00 per transaction | USD15.00 per transaction |
| Corp account management | USD 50.00 （VAT inclusive) | USD 50.00 （VAT inclusive) |
| Batch Salary Handle | USD 80.00 per transaction | USD 80.00 per transaction |
| Electronic banking | ||
| one time security token | USD25.00 Per user | USD25.00 Per user |
| Monthly access fees ( transactions) | Free | Free |
| Monthly access fees ( viewing only ) | Free | Free |
Bank of China (Mauritius) Limited
08 December 2021
