Fees

The following are the fees and costs you pay for trade services:

Export trade services

Courier fee

When we courier documents to a third party bank.

NZD45.

Export documentary collections processing fee

When we process an export documentary collection.

0.20% of the documentary collection amount. Minimum fee NZD65.

Export letter of credit processing fee

When we process documents under an export letter of credit.

0.25% of the credit amount. Minimum fee NZD90.

Export trade discounting fee

When we advance foreign currency against export trade finance transactions.

NZD50 per advance.

Tracer message fee

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

NZD15 per message.

Import trade services

Import documentary collections processing fee

When we process an import documentary collection.

0.375% of the documentary collection amount. Minimum fee NZD75.

Import letter of credit amendment fee

When you ask us 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 NZD50.

Where the amendment doesn’t increase the credit amount, NZD50.

Import letter of credit amendment transmission fee

When we transmit the amendment of an import letter of credit to a third party.

NZD15.

Import letter of credit document processing fee

When we process documents under an import letter of credit.

NZD50.

Import letter of credit establishment fee

When you ask us 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 NZD50.

Import letter of credit establishment transmission fee

When we transmit the establishment of the import letter of credit to a third party.

NZD35.

Import trade discounting fee

When we advance foreign currency against import trade finance transactions.

NZD50 per advance.

Tracer message fee

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

NZD15 per message.

Fees effective as at 1 April 2013. Fees subject to change. Unless otherwise specified, all amounts shown are in New Zealand dollars.