CitiBusiness Standard Trade Pricing - CitiBusiness LC Advising LC Amendments LC Transfer Cable Charges (Customer initiated) Export Negotiations and Collections Scrutiny/Examination of documents under Confirmed / Unconfirmed L/Cs (non financing/non CBN cases) Export Bills on Collections Export Bills on Collections - under LC (under approval, without scrutiny) Softex Processing Courier - Overseas (per document) Courier - Inland (per document) Other Charges Commission in lieu of exhange (if export proceeds are credited to EEFC account) Remittance of Agency Commission GR Waivers Bank Realization Certificate (BRC) True Copy certification - Invoices/BRC/LC Copy Approval for the Extension of Time (ETX), Invoice Reduction/Write-off/Change of Buyer EXPORTS Charges Minimum 1. ` 1500 ` 1500 ` 2500 flat + Cable under Overseas Transfers ` 750 0.15% flat 0.0625% flat 0.0625% flat ` 2500 ` 750 ` 100 0.1% flat 0.125% flat ` 1500 Free Free ` 2500 ` 1500 ` 1500 ` 1500 ` 750 ` 100 0.1% flat ` 1000 BANK GUARANTEES (BGs) Charges Minimum 2. Letters of Credit (LC) Financial BGs Issuance against 100/110% cash 1.5% p.a. (Min one quarter) ` 1500 Issuance against Non fund based line Issuance against Non fund based line ` 1500 ` 1500 Non-Financial BGs (Bid/Performance) Issuance against 100/110% cash Amendments (with Financial Impact i.e. increase in amount, due date etc) Amendments - Non Financial 3% p.a. (Min One quarter) 1.3% p.a. (Min one quarter) 2.5% p.a. (Min One quarter) same as issuance charges ` 1500 ` 1500 ` 1500 Out of Pocket Expenses on Issuance/Amendment (e.g. Stamp Paper Chgs) Cable Courier - Local on Actuals ` 750 ` 250 IMPORTS Charges Minimum 3. LC Issuance Commitment Sight/Usance (upto 30 days) Usance (30 to 90 days) Usance (over 90 days) 0.15% per quarter or part thereof 0.15% flat 0.30% flat 0.30% flat for first 3 months + 0.1% per addl month or part thereof ` 2000 ` 2000 ` 2000 ` 3000 Retirement (FX routed through Bank) Retirement (FX not routed through Bank) Amendments (Non-Financial) 0.15% flat 0.25% flat ` 1500 + cable ` 1000 ` 1000 Amendments (Financial) Same as import LC issuance LC Cancellation ` 1000
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CitiBusiness
Standard Trade Pricing - CitiBusiness
LC Advising
LC Amendments
LC Transfer
Cable Charges (Customer initiated)
Export Negotiations and Collections
Scrutiny/Examination of documents under Confirmed /
Unconfirmed L/Cs (non financing/non CBN cases)
Export Bills on Collections
Export Bills on Collections - under LC (under approval,
without scrutiny)
Softex Processing
Courier - Overseas (per document)
Courier - Inland (per document)
Other Charges
Commission in lieu of exhange (if export proceeds are
credited to EEFC account)
Remittance of Agency Commission
GR Waivers
Bank Realization Certificate (BRC)
True Copy certification - Invoices/BRC/LC Copy
Approval for the Extension of Time (ETX), Invoice
Reduction/Write-off/Change of Buyer
EXPORTS Charges Minimum1.
` 1500
` 1500
` 2500 flat + Cable under Overseas Transfers
` 750
0.15% flat
0.0625% flat
0.0625% flat
` 2500
` 750
` 100
0.1% flat
0.125% flat
` 1500
Free
Free
` 2500
` 1500
` 1500
` 1500
` 750
` 100
0.1% flat
` 1000
BANK GUARANTEES (BGs) Charges Minimum2.
Letters of Credit (LC)
Financial BGs
Issuance against 100/110% cash 1.5% p.a. (Min one quarter) ` 1500
Issuance against Non fund based line
Issuance against Non fund based line ` 1500
` 1500
Non-Financial BGs (Bid/Performance)
Issuance against 100/110% cash
Amendments (with Financial Impact i.e. increase in
amount, due date etc)
Amendments - Non Financial
3% p.a. (Min One quarter)
1.3% p.a. (Min one quarter)
2.5% p.a. (Min One quarter)
same as issuance charges
` 1500
` 1500
` 1500
Out of Pocket Expenses on Issuance/Amendment (e.g.
Stamp Paper Chgs)
Cable
Courier - Local
on Actuals
` 750
` 250
IMPORTS Charges Minimum3.
LC Issuance
Commitment
Sight/Usance (upto 30 days)
Usance (30 to 90 days)
Usance (over 90 days)
0.15% per quarter or part thereof
0.15% flat
0.30% flat
0.30% flat for first 3 months + 0.1% per addl month or
part thereof
` 2000
` 2000
` 2000
` 3000
Retirement (FX routed through Bank)
Retirement (FX not routed through Bank)
Amendments (Non-Financial)
0.15% flat
0.25% flat
` 1500 + cable
` 1000
` 1000
Amendments (Financial) Same as import LC issuance
LC Cancellation ` 1000
This product/service is offered by branches of Citibank N.A. in India. © 2016 Citigroup Inc. Citi and Arc Design are registered service marks of Citigroup Inc. or its
affiliates used and registered throughout the world. VER 1.0/CB/STP-SOC/WPC/11-16
Import Bills on Collections
Import Bills - Direct Collections
Advance Remittances
0.15% flat
0.15% flat
0.15% flat
` 1500
` 1500
` 1500
Cable - LC Issuance
Cable - LC Amendment
` 1500
` 750
Delivery Orders
FX Draft (over and above normal import charges) 0.25% flat ` 1000
LOCAL TRADE Charges Minimum4.
Documentary Collections Inwards
Documentary Collections Outwards
Outward Bills under Local LC
LC Issuance
Commitment
Sight/Usance (Up to 7 days)
Usance (8 to 90 days)
Usance (>90 days)
Retirement
Amendments (Non-Financial)
Amendments (Financial)
Advise of Acceptance/Refusal of documents (if to the
account of applicant)
Courier - Local
0.25%
0.25%
0.25% + ` 1500 scrutiny
0.25% flat per quarter or part thereof
0.25% flat
0.40% flat
0.40% flat for first 3m + 0.25% per addl. month or
part there of
0.20% flat
` 1000 flat
Same as Local LC issuance
` 1000
` 500
` 250
` 2500
` 2500
` 3500
` 1500
` 2000
` 1000
LC Cancellation
` 2000
Documentary Collections
` 2000
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