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Trade services

Fees

The following are the fees and costs the customer pays for trade services:

Export trade services

Courier fee

When Kiwibank couriers documents to a third party bank.

NZ$45.

Export documentary collections processing fee

When Kiwibank processes an export documentary collection.

0.20% of the documentary collection amount. Minimum fee NZ$65.

Export letter of credit processing fee

When Kiwibank processes documents under an export letter of credit.

0.25% of the credit amount. Minimum fee NZ$90.

Export trade discounting fee

When Kiwibank advances foreign currency against export trade finance transactions.

NZ$50 per advance.

Tracer message fee

When Kiwibank sends an additional message to a third party as part of an export trade finance transaction.

NZ$15 per message.

Import trade services

Import documentary collections processing fee

When Kiwibank processes an import documentary collection.

0.375% of the documentary collection amount. Minimum fee NZ$75.

Import letter of credit amendment fee

When the customer asks Kiwibank to amend an import letter of credit.

Where the amendment increases the credit amount, 0.25% of the amount of the increase for import letters of credit payable on sight, and 0.375% of the amount of the increase for import letters of credit payable on term. Minimum fee NZ$50.

Where the amendment does not increase the credit amount, NZ$50.

Import letter of credit amendment transmission fee

When Kiwibank transmits the amendment of the import letter of credit to a third party.

NZ$15.

Import letter of credit document processing fee

When Kiwibank processes documents under an import letter of credit.

NZ$50.

Import letter of credit establishment fee

When the customer asks Kiwibank to establish an import letter of credit.

0.25% of the credit amount for import letters of credit payable on sight and 0.375% of the credit amount for import letters of credit payable on term. Minimum fee NZ$50.

Import letter of credit establishment transmission fee

When Kiwibank transmits the establishment of the import letter of credit to a third party.

NZ$35.

Import trade discounting fee

When Kiwibank advances foreign currency against import trade finance transactions.

NZ$50 per advance.

Tracer message fee

When Kiwibank sends an additional message to a third party as part of an import trade finance transaction.

NZ$15 per message.

Fees effective as at 1 November 2011. Fees subject to change. Unless otherwise specified, all amounts shown are in New Zealand dollars.

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