International operations related to documentary transactions (LCs, encashment and guarantees) are regulated by the existing rules enacted by the International Chamber of Commerce. |
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LCs |
Type of the service |
Rate of charge
(Note: rate is fixed irrespective of the currency of the transaction) |
For import LC |
Opening of the LC |
0,2 %
min . AZN 100 |
Review of documents (per package) |
0,1 %,
min. AZN 50 |
Inquiry to overseas bank for discrepancy |
AZN 20 |
Transfer of funds under LC (per transfer) |
0,1 %
min. AZN 20
max. AZN 300 |
Increase of amount (from the amount of increase) |
0,2 %
min. AZN 50 |
Change or cancellation of LC (except for increasing of the amount) |
AZN 50 |
For export LC |
Availing of the LC (without confirmation of the Bank) |
0.1%,
min. AZN 50 |
Availing of the LC (with confirmation of the Bank) |
1.5 % per annum
min AZN 50
(for each full or incomplete quarter) |
Review of documents (per package) |
0 . 1%,
min AZN 50 |
Inquiry to overseas bank for discrepancy |
AZN 20 |
Transfer of LC |
0.1%,
min AZN 50 |
Increasing the amount of LC (without approval of the Bank) |
0 .1 %
min AZN 50 |
Increasing the amount of LC (with approval of the Bank) |
1.5 % per annum
min AZN 50
(for each full or incomplete quarter) |
Change or cancellation of LC (except for increasing of the amount)* |
AZN 50
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* Where simultaneously a number of amendments is required on documentary transaction, commission for changes will be paid only once. |
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Guarantees * |
Type of the service |
Rate of charge
(Note: rate is fixed irrespective of the currency of the transaction) |
For outgoing guarantees |
Opening of the guarantee |
0 , 2%
min. AZN 50 |
Chance or cancellation of the guarantee (except for increase of the amount) |
AZN 50 |
Increae of the amount (from the amount of increase) |
0 , 2%
min AZN 50 |
Transfer of funds under guarantee (per trahsfer) |
0 , 3 %
min AZN 20
min AZN 300 |
For incoming guarantee |
Availing of the guarantee (without approval of the Bank) |
0 . 1%,
min AZN 50 |
Availing of the guarantee (with approval of the Bank) |
1.5 % per annum
min AZN 50
(for full or incomplete quarter) |
Chance or cancellation of the guarantee (except for increase of the amount) |
AZN 50 |
Increae of the amount (from the amount of increase) |
0 .1 %
min AZN 50 |
Increase of the guarantee amount (with approval of the Bank) |
1.5 % per annum
min AZN 50
( for full or incomplete quarter ) |
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* Terms and conditions applicable to guarantees also apply to Stand-By LCs. |
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Documented encashment |
Type of the service |
Rate of charge
(Note: rate is fixed irrespective of the currency of the transaction) |
Review of documents to be dispatched |
0 . 2 %,
min. AZN 50 |
Release of documents for payment or acceptance |
0 , 2 %
min. AZN 50 |
Release of documents without payment or acceptance |
0 ,1 %
min. AZN 50 |
Return of unpaid documents |
AZN 50 |
Chance or cancellation of the encashment |
AZN 50
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