Trade Finance

In international trade, seller-buyer payments are associated with high risk. The seller is afraid of not receiving the payment, while the buyer is afraid of not receiving the promised goods. Therefore, to facilitate and reduce the risk of international trade between sellers and buyers, ARDB offers several trade finance solutions such as:

Documentary Collection

Documentary Collection is a cross-border trade payment service where the exporter submits the payment document to exporter’s bank (Remitting Bank) and the buyer’s document is sent to the importer’s bank (Colleting Bank) for payment.

Import
Export

Fee ChargeMinimum fee

Inward Documentary Collection Fee

0.15%

USD40

Settlement Fee

USD25

N/A

Protest Fee

USD30 plus

Cable USD30

N/A

Fee Charge		Minimum fee
Outward Documentary Collection Handling Fee	USD40 plus handling fee USD50	N/A
Outward Documentary Collection Commission	0.15%	USD30
Protest Fee	USD30 plus Cable USD30	N/A
Investigation/ Inquiry Fee	USD15	N/A

Documentary Letter of Credit

Documentary Letter of Credit is a cross-border trade settlement, providing secure payment between exporters and importers. The exporter receives a payment guarantee and the importer receives a guarantee on receipt of the goods in accordance with the terms of the Documentary Letter of Credit. Customers who need to use the Documentary Letter of Credit service include exporters and importers of all kinds of goods.

Import
Export

Fee Charge		Minimum fee
Issuance Fee	0.15% p.m. plus Cable USD30	USD40 plus cable USD30
Amendment Fee (Amount and Expiry Date)	0.15% p.m. plus Cable USD30	USD40 plus cable USD30
Amendment Fee (Others)	USD25	N/A
Cancellation Fee	USD25 plus Cable USD20	N/A
Reimbursement Fee	USD40 (deducted from proceeds)	N/A
Discrepancies Fee	USD40 (deducted from proceeds)	N/A
Settlement Fee	0.15% plus Cable USD20	USD20 plus Cable USD20

Fee Charge		Minimum fee
Advising Fee	USD20	N/A
Advising Amendment Fee	USD20	N/A
Confirmation Charge	0.15% p.m. plus Cable USD50	USD40 plus Cable USD50
Transferable Documentary Letter of Credit	0.15% p.m. plus Cable USD30	USD40 plus Cable USD30

BANK GURANTEE

BANK GURANTEE is a letter issued by the bank to guarantee payment on behalf of the customer (applicant) a certain amount stated in the letter of guarantee to the beneficiary when the beneficiary files a proper claim. ARDB offers several guaranteed services such as:

Bid Guarantee
Performance Bond
Advance Payment Guarantee
Warranty Bond
Shipping Guarantee

Fee Charge		Minimum fee
Shipping Guarantee Issuance Fee (Under LC Issued by ARDB)	USD40	N/A
Issuance Fee	0.15% p.m.	USD40
Amendment Fee (Amount and Expiry Date)	0.15% p.m.	USD40
Amendment Fee (Others)	USD30	N/A
Cancellation Fee	USD40	N/A
Payment of Claim/Drawing (Deduct from Beneficiary)	0.15%	USD40