Terms and Conditions

I - COLLECTIONS
Collection of Clean Bills 0.2% (MIN 50 USD / MAX 200 USD)
Documents to be released free of payments 75 USD
Documentary Collections 0,15% (MIN 40 USD / MAX USD 200)
Amendments and cancellations 50 USD flat per amendment
Endorsement 30 USD UP TO 100.000 USD / 50 USD ABOVE 100.000 USD
Handling fee 30 USD UP TO 100.000 USD / 50 USD ABOVE 100.000 USD
Avalization Subject to arrangement
II- PAYMENT ORDERS
Payment orders with charges OUR 0,1% (MIN 20 USD / MAX 100 USD)
Execution of outgoing payment orders 0,1% (MIN 20 USD / MAX 100 USD)
Amendments 40 USD flat per amendment
Inquiries 30 USD (up to 6 months)
  60 USD (longer than 6 months)
Cancellation 50 USD
III- CHEQUES
Collection of Cheques %0.2 (MIN 50 USD / MAX 150 USD)+SWIFT
Return commission 40 USD
IV- DOCUMENTARY CREDITS
Unconfirmed
A. Advising commissions 100 USD
B. Payment/ Negotiation commission Subject to arrangement
Confirmed
A. Advising commission Subject to arrangement
B. Payment/ Negotiation commission Subject to arrangement
C. Confirming/Deferned payment commission Subject to arrangement
Amendments 50 USD per amendment
Cancellations 100 USD
Transmission of commercial letters of credit(MT710) 150 USD
Transfer of commercial letter of credit(MT720) %0.1 (MIN 100 USD / MAX 1.000 USD)
Discrepancy fee 100 USD
Pre - Advice 50 USD
Intermediation of discounting %0.1(MIN 200 USD / MAX 1.000 USD)
V- GUARANTEES
Issuing of Bid/Tender Bonds Subject to arrangement
Issuing of Performance and Advance Paym. Guarantees Subject to arrangement
Guarantees advised w/o responsibility %0.15 (MIN 100 USD)
Amendments 50 USD per amendment
Cancellations 100 USD
Payment and settlement of a claim %0.1 (MIN 100 USD / MAX 250 USD)
Handling fee Subject to arrangement

GENERAL RULES

Cancellation, total or partial non-utilisation of a letter of credit as well as non realisation of a transaction will not necessitate the return of commission(s) charged.

All real expenses such as postage,cable,telephone expenses,telex,fax stamp duties,banking task and other taxes will be charged in addition to the afore-mentioned commissions.

If our commissions and/or charges and/or those of third parties are for account of the beneficiary and can not be recovered from the letter, our principals will have to bear all these commissions and charges.

Branchless Banking