| No. | Service Item | Charging Rate | Preferential Measures | Services | Remarks |
| 020301 | Export collection | Clean bill for collection: 0.1%, down to RMB50 and up to RMB1,000 for each transaction; Documentary collection: 0.1%, down to RMB100 and up to RMB1,500 for each transaction. |
Customers give the financial papers and commercial papers to IB and our bank, on their behalf, collects money from the oversea payers or importers. | ||
| 020302 | Import agency collection | Clean bill for agency collection: 0.1%, down to RMB50 and up to RMB1,000 for each transaction; Documentary agency collection: 0.1%, down to RMB100 and up to RMB1,500 for each transaction. |
Under the entrustment of an overseas bank, IB reminds the domestic customer of making payment or acceptance for the delivered papers or documents, and remits the money collected to the overseas bank. | ||
| 020303 | Modification of collection advice | RMB 100 each transaction | Domestic customers modify the entrusted matters of the above documentary collection like amount, term, documenting method, and payer, and request our bank to send messages abroad. | ||
| 020304 | Payment-free documents | Payment-free documents (export collection/import agency collection): RMB100 per transaction, without the handling charges for “documentary collection/agency collection”. | "Payment-free documents (export collection): Domestic customers give the financial papers together with commercial papers or commercial papers without financial papers to our bank and we, on behalf of the customers, forward them to oversea payers or importers free of charge; Payment-free documents (import agency collection): Under the consignment of an overseas bank, our bank transfers the delivered documents to the domestic customer as required in the letter of instruction for free.” |
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| 020305 | Dishonor of agency collection, modification, return of document, replacement of document, and reminder of acceptance | RMB 100 each transaction | Dishonor and return of clean bill: Refusal to make payment and return of notes; Return of document: as for the acceptance documents delivered by the above overseas bank, our bank return them as instructed by the domestic customer; Replacement of document (change): Under the consignment of an overseas bank, our bank cancels and modifies the documents served before and reminds the domestic customer of making payment or acceptance once more; Reminder of acceptance: Under the consignment of an overseas bank, our bank reminds the domestic customer of making acceptance for the served usance documents as required in the letter of instruction. Our bank will charge for the service. |
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| 020306 | Export L/C | 1. Pre-advice: RMB100 each transaction; Advice or transmitting: RMB 200 each transaction; Advice or Modification of L/C transmitted: RMB 100 each transaction; Revocation of L/C within the valid term: RMB 100 each transaction; The documents presented and negotiated in IB are free of charge; 2. Confirm L/C (including the advice charge): 0.0625% of the confirmed amount a month, maximum RMB300 for each transaction. If it lasts for less than a month, the period will be counted as a month.3. Transfer L/C: It will be charged at rate of 0.1% of the transferred amount, not less than RMB200 and not more than RMB1,000 for each transaction. 4. Modification of transferable L/C issued: RMB 100 per time. If the amount increases, the increased part will be charged at the rate for issuing a new one, not less than RMB200 and not more than RMB1,000 each transaction. 5. Modification of negotiation and replacement of document (including replacement of transferable letter of credit): RMB 100 each transaction 6. Negotiation and document examination: 0.125% of the negotiated amount will be charged, not less than RMB200 per transaction. |
1. Pre-advice: Under the circumstance that the detailed provisions for the letter of credit are not finalized, in order to meet the stock-up need of a domestic customer, an overseas bank will send a letter of credit with simple provisions and require our bank to notify the domestic customer ahead. Advice or transmittal/advice or transmittal of modification of L/C: To advise the domestic customer of the L/C sent by an overseas bank or notify the modification to the L/C; Revocation of L/C within the valid term: A domestic customer, within the valid term of the L/C, requires our bank to notify the overseas bank that the L/C issued will not be executed any more.”2. Confirm L/C (including the advice charge): To notify the letter of credit sent by an overseas bank to the domestic customer after confirmation. 3. Transfer L/C: To transfer the L/C sent by an overseas bank to a third party as required by the domestic customer. 4. Modification of transferable L/C issued: To modify the transferable letter of credit issued by our bank as instructed by the domestic customer. 5. Modification of negotiation and replacement of document (including replacement of transferable letter of credit): A domestic customer requires our bank to modify or replace the document that it has submitted to our bank for handling negotiation and examination and delivered to the oversea bank before. 6. Negotiation and document examination: A domestic customer submits the documents that the overseas bank requires to prepare for the letter of credit to our bank and requires our bank to assist examination and to send abroad to ask for payment. |
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| 020307 | Import L/C | 1. Handling charge for issuing L/C: 0.15% of the L/C amount, not less than RMB300 each transaction. The handling charge with full-amount deposit may be collected at the rate of 0.1%, not less than RMB 300 each transaction. 2. Handling charge for modification: For modification to increase amount, 0.15% of the increased part will be charged, not less than RMB200 each transaction; RMB200 will be charged for the modification not involving increase. Modification of received documents: RMB 100 each transaction. Handling charge for acceptance:0.05% of the accepted amount a month, minimum RMB200 for each transaction. If it lasts for less than a month, the period will be counted as a month. Document examination fee of the issuing bank: USD40 each transaction, collected from oversea customers/IB customers upon foreign exchange payment. Reimbursing commission: USD 50 each transaction, collected from the overseas beneficiary upon foreign exchange payment, or collected from the overseas beneficiary or IB customer according to the agreement of the L/C. Handling charge for discrepancy: USD 50-80 each transaction, collected from oversea customers/IB customers according to the agreement of the L/C. Handling charge for guarantee for delivery: 0.05%, minimum RMB300 per transaction. Handling charge for bill of lading endorsement: RMB300 each transaction, or free of charge for a bill of lading with the consignee made to order by our bank. Handling charge for return of document and revocation: Return of document/revocation of L/C within the valid term: RMB100 each transaction. |
1. Issuing L/C: Our bank, as required by a domestic customer, issues a payment commitment to an overseas exporter and promises to make payment under the precondition that the overseas exporter submits to our bank the documents conforming to the provisions of the L/C. 2. Modification: Our bank, as required by a domestic customer, notify overseas banks to make modifications to the L/C terms issued by our bank. Modification for received document: Our bank, as required by an overseas bank, replace or change the documents and receipts delivered by the overseas bank and notify domestic customers. 3. Acceptance: As required by a domestic customer, our bank, in our own name, sends a message to overseas bank to make payment commitment for the usance note for the consideration the customer should pay. 4. Document examination fee of the issuing bank: Our bank examines the documents under the letter of credit that are delivered by an overseas bank to ask the domestic customer to make payment, and charges the corresponding fees. According to the international practice, the charges will be collected from the overseas customers. 5. Reimbursing commission: The charges for intermediary remitting bank occurring in the process that our bank arranges the payment of money when providing customers or serving as an agency for another bank to provide customers with reimbursing of money under the import agency collection and payment of money under the import L/C. It will be collected from the overseas beneficiary according to the international practice. 6. Handling charge for discrepancy: If there are some non-negotiable points in the documents delivered by an overseas bank, our bank will handle the documents specially, and we will charge corresponding fees. According to the international practice, the charges will be collected from the overseas collecting customers. 7. Guarantee for delivery: Under the foreign exchange import documentary letter of credit, if the goods arrive at the place of destination before the original bill of lading, the domestic customer may request our bank as the joint warrantor to issue a “Guarantee for Delivery” for it and take delivery from the shipping company with the guarantee, and our bank charges for such service. 8. Bill of lading endorsement: Under the authorization of an overseas bank, our bank makes endorsement at the back of the bill of lading on its behalf so as to facilitate the domestic customer to take delivery. 9. Return of document and revocation: As required by a domestic customer, our bank notifies the overseas exporter that the letter of credit issued by our bank will be revoked though it does not become mature. |
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| 020308 | Export factoring business | 1. Handling charge for factoring: Single export factoring with recourse/single factoring without recourse/double factoring with recourse/double factoring without recourse： The rate of charge will be determined in accordance withe the agreement based on service contents, transaction nature, risk level, overall returns, market competition and other situations. It will be charged at a certain proportion of the transfer amount in the account receivable, not less than 0.1%2. Charge for the investigation over credit standing of export factoring: RMB 300 each transaction; 3. Charges for handling export factoring documents: If the charges for handling documents are covered in the import factoring quote, our bank will collect the charges from the exporter according to the actual amount. |
Export factoring: When an exporter (seller/supplier) sells commodities or services to an importer (buyer or debtor) in international trades with O/A or D/A as its payment method, as the export factoring agent, IB will provide customers with one or more services such as management of accounts receivables, collection of accounts receivables, guarantee for bad debts and export factoring financing; Investigation over credit standing of export factoring: To provide the service of investigation over the buyer’s credit for customers to export goods. Handling export factoring documents: To provide document-handling service for customers to export goods. |
Investigation over credit standing of export factoring: If an exporter handles the factoring business with our bank in a timely manner after getting the formal credit line for the buyer, the charge will not be collected. If the exporter does not handle the factoring business with the bank after signing a factoring agreement with our bank, the charge will be collected (it is not applicable to the circumstance that our bank only gets the “Reply on Preliminary Assessment over the Credit Line for Export Factoring” but not the “Notification on the Approval of Credit Line for Export Factoring”). Our bank will collect the charge for investment over credit standing if goods are not consigned or services are not provided and documents are submitted for proceeding with the factoring business within 90 days after the day the credit line is approved formally. If, after that, the exporter transfers the invoice to our bank, the charge collected may be used to deduct the factoring charges. | |
| 020309 | Handling charge for import factoring | It will be charged at a certain proportion of the transfer amount in the account receivable, not less than 0.1%. | To provide credit guarantee and other financial management services for customers to import goods. | ||
| 020310 | Reselling charge for forfeiting | Reselling charge for forfeiting (export forfeiting)/Reselling charge for forfeiting (under domestic L/C): It will be charged as agreed in the contract on the basis of the quote provided by the forfeiter in line with the market practice. | To provide customers with services related to reselling export notes/forfeiting under domestic L/C. | ||
| 020311 | Export forfeiting -- Handling charge for forfeiting | The charge shall cover such fees as document examination fee, postage and telegraph charge, oversea banking charges, etc., but not lower than 0.1‰ of the business amount. | To provide customers with document-handling service under note reselling. |
Note: 1.Changes to the charging rates and preferential policies of service items are subject to the latest announcement of the bank.
2. If the local charging administration authorities set down unified prices for the above charging items, the branches in question may follow the relevant provisions.
3. The currency of price in all charging standards is RMB unless otherwise indicated.
4. Complaint hotline: “95561”; complaint email: “95561@cib.com.cn”; approach of written complaint: “Official Wechat Service Account of IB”.