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Trade finance
We provide various trade financing solutions for your business. Based on the nature of specific transactions and ensuing risks we will offer a tailored solution from the following range of products.
The wide range of solutions includes bank guarantees, documentary and standby letters of credits, documentary collection.
Terms and tariffs are negotiable.
details
Bank guarantees
Credits
Collection
Bank guarantees*
| Title | Tariff |
|---|---|
|
Issuance of guarantee
|
|
|
For guarantees secured by cash
|
2% p.a., AMD min. 15,000
|
|
For non-cash secured local guarantees
|
2% p.a., AMD min.15,000
|
|
For non-cash secured international guarantees
|
6%p.a., AMD min. 30,000
|
|
Payment under demand
|
0.3% of paid amount, AMD min. 25,000
|
|
Amendment of guarantee, including cancelation**
|
AMD 25,000. In addition issuance commission to be levied proportionally for amendments involving an increase in amount or extension of time on the increased amount and/or extended period. Minimum issuance fee is not applicable.
|
|
Advising of received guarantee
|
AMD 25,000
|
|
Advising of received guarantee amendment
|
AMD 15,000
|
|
Sending of SWIFT message (VAT included)
|
AMD 6,000
|
*In case of confirmation, confirming bank's charges will be charged
additionally.
Issuance fee is calculated for the entire period of the
counter-guarantee of the Bank.
** No fee for early cancelation of local LGs issued for bid and performance tender participation.
Import/Letters of Credits*
| Title | Tariff |
|---|---|
|
Issuance
|
0.5% of DC amount for first quarter or a part thereof, and 0.2% per month thereafter, AMD min. 30,000
|
|
LC amendment, including cancellation
|
AMD 25,000. In addition issuance commission to be levied proportionally for amendments involving an increase in amount or extension of time on the increased amount and/or extended period. Minimum issuance fee is not applicable
|
|
Payment commission
|
As per BBAM tariffs
|
|
Discrepancies
|
AMD 35,000 for each set of discrepant document
|
|
Acceptance
|
0.5% of documents amount per month and proportionally for extra period, AMD min. 30,000
|
|
Overdue commission
|
0.1% per month calculated proportionally on bill amount if instructions are not received within 2 banking days after the date of advice of discrepancies
|
|
Sending of SWIFT message (VAT included)
|
AMD 6,000
|
*Other Bank's fees are collected separately
Standby letters of credit*
| Title | Tariff |
|---|---|
|
Issuance
|
|
|
secured by cash or a Bank Guarantee
|
2% p.a., AMD min. 15,000
|
|
secured by other means or blank SLC
|
6% p.a., AMD min. 30,000
|
|
SLC amendment, including cancellation
|
AMD 25,000. In addition issuance commission to be levied proportionally for amendments involving an increase in amount or extension of time on the increased amount and/or extended period. Minimum issuance fee is not applicable.
|
|
Advising of received SLC
|
AMD 25,000
|
|
Advising of amendment under received SLC
|
AMD 15,000
|
|
Payment under demand
|
0.3% of paid amount, AMD min. 25,000
|
|
Sending of SWIFT message (VAT included)
|
AMD 6,000
|
*Other Bank's fees are collected separately
Export/Letters of Credit*
| Title | Tariff |
|---|---|
|
Pre-advise
|
AMD 15,000
|
|
Advising of LC or an amendment to LC
|
AMD 25,000
|
|
Presentation
|
0.2% of documents amount, AMD min. 25,000
|
|
LC confirmation/negotiation
|
To be agreed
|
|
Sending of SWIFT message (VAT included)
|
AMD 6,000
|
*Other Bank's fees are collected separately
Transfer of Letter of Credit*
| Title | Tariff |
|---|---|
|
Transfer of the whole LC or partialy, with or without substitution
|
0.5%, AMD min. 30,000
|
|
Amendment
|
AMD 25,000. In addition 0.5% will be levied for amendments involving increase in DC amount on the increased amount
|
|
Discrepancies
|
AMD 35,000 for each set of discrepant documents
|
|
Presentation
|
0.2% of documents amount, AMD min. 25,000
|
|
Payment fee
|
As per BBAM tariffs
|
|
Sending of SWIFT message (VAT included)
|
AMD 6,000
|
*Other Bank's fees are collected separately
Collection*
| Title | Tariff |
|---|---|
|
Advising of received collection/collection issuance
|
0.2% of collection amount, AMD min. 15,000
|
|
Collection amendment, including cancellation
|
AMD 15,000. In addition 0.2% will be levied for amendments involving increase in amount on the increased amount
|
|
Discounting of avalized drafts
|
To be agreed
|
|
Payment fee
|
As per BBAM tariffs
|
|
Sending of SWIFT message (VAT included)
|
AMD 6,000
|
*Other Bank's fees are collected separately
updated at: 17.02.2023 15:28
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