GENERAL TERMS AND CONDITIONS FOR FOREIGN CORRESPONDENT BANKS

Transcription

1 GENERAL TERMS AND CONDITIONS FOR FOREIGN CORRESPONDENT BANKS July

2 I CURRENT ACCOUNT ACCOUNT OPENING DOCUMENTATION Account opening request (sent through an authenticated SWIFT message or by fax duly signed by authorized persons) Licence (copy certified by a public notary) Last available annual report Terms and Conditions for Correspondent Banks Standard Settlement Instructions Wolfsberg AML Questionnaire duly filled out Correspondent Bank AML/KYC Questionnaire duly filled out Additional documentation upon a request ACCOUNT MAINTENANCE Account Maintenance - One or two accounts EUR 50 per client, monthly - More than two accounts EUR 100 per client, monthly Daily MT950 Statements of Account (Sent daily if there is a change in the account balance) Free MT950 Statements of Account with fixed frequency (Sent regardless of the account activity) - monthly EUR 10 per month - weekly EUR 20 per month - daily EUR 50 per month Repeated MT950 Statements of Account EUR 20 per statement 1. Charges for the account maintenance and the execution of bank transfers are calculated on monthly basis and debited to your account on the 15 th working day of the following month at the latest. 2. Specification of the monthly account charges will be delivered via an MT990 Advice of charges or requested by an MT991 Request for the payment of account charges if the account balance is not sufficient to cover the monthly charges. 3. Interest is calculated on quarterly basis. Overdraft interest is based on average EONIA during one month prior to the calculation period. Interest Statements are delivered via MT299. 1

3 II TRANSFERS AND PAYMENTS BANK TRANSFERS (MT2xx, credits and debits) Internal transfers EUR 1 - if received after the standard ZABA cut-off time EUR 5 External transfers EUR 5 - if received after the standard ZABA cut-off time EUR 30 COMMERCIAL PAYMENTS (MT103) In favour of accounts with ZABA Payments with option SHA/BEN Free for the Sender Payments with option OUR (charges are requested from the Sender) - for amounts up to EUR 30,00 Free - for amounts from EUR 30,01 to EUR 1.000,00 EUR 5 - for amounts from EUR 1.000,01 to EUR 5.000,00 EUR 10 - for amounts from EUR 5.000,01 to EUR ,00 EUR 15 - for amounts from EUR ,01 to EUR ,00 EUR 20 - for amounts from EUR ,01 to EUR ,00 EUR 35 - for amounts above EUR ,00 EUR 45 In favour of accounts with other banks Non-PSD payments with option SHA/BEN Free for the Sender PSD compliant payments EUR 3,50 (within EU/EEA, in EU/EEA currencies, no benededuct, SHA charging option, charges are requested from the Sender on a monthly basis) Payments with option OUR to accounts with Croatian banks EUR 15,00 (charges are requested from the Sender third bank charges included) Payments with option OUR to accounts with banks abroad - for amounts up to EUR 500,00 EUR 1 - for amounts from EUR 500,01 to EUR ,00 EUR 5 - for amounts above EUR ,00 EUR 10 (charges are requested from the Sender - third bank charges are requested in addition to Zagrebacka banka s charges) N.B. Zagrebačka banka does not honour OUR charges exceeding a maximum of EUR 50. 2

4 CONDITIONAL PAYMENTS 3,0 (min EUR 15, max EUR 600) per payment PAYMENTS REQUIRING ADDITIONAL PROCESSING Amendment EUR 15 Recall/cancelation of order - if non-executed EUR 25 - if executed (subject to beneficiary s approval) EUR 50 Incomplete/unclear instruction EUR 30 Adjustment of value dates leading to payment of interest Return of orders that cannot be executed EUR 15 NON-STP charge EUR 5 Inquiries related to transactions older than 30 days EUR 30 EUR third bank charges III COLLECTION OF CHEQUES Drawn on ZABA Drawn on other banks (credit after collection) Free - for amounts up to EUR 20 (or countervalue) Free - for amounts over EUR 20 (or countervalue) 1,0 (min EUR 10) per collected amount Stop payment of a cheque EUR 25 per cheque Unpaid cheques 2,0 (min EUR 20) per cheque + protest charges 3

5 IV COLLECTION OF DOCUMENTS, ACCEPTANCES AND DRAFTS Documents against payment / acceptance 1,5 (min EUR 75) Obtaining acceptances 1,5 (min EUR 75) Delivery free of payment 1,5 (min EUR 75, This fee is also charged in cases when documents originally max EUR 150) taken up for collection are delivered free of charge in accordance with amended instructions Amendment fee EUR 50 per amendment Documents for collection and bills of exchange returned 1,5 (min EUR 75) unpaid or recalled + protest charges Charges of release of goods shipped to our address or 1,5 (min EUR 75) left at our disposal Payment commission (collection) - Export related collection - Up to EUR ,00 EUR 20 per payment - Over EUR ,00 EUR 50 per payment - Payment through another Croatian bank up to EUR ,00 EUR 5 per payment - Payment through another Croatian bank over EUR ,00 EUR 10 per payment - Import related collection - Up to EUR ,00 EUR 5 per payment - Over EUR ,00 EUR 10 per payment The acceptance and execution of collections are subject to the General Terms and Conditions for Correspondent Banks as amended at any given time and to the Uniform Rules for Collections published by the International Chamber of Commerce in Paris, latest revision. OUR/SHA/BEN charges are applied for the execution of the payment resulting from the collection. 4

6 V DOCUMENTARY CREDITS Advising a credit 1,0 (min EUR 75, max EUR 800) Pre-advising an import or export credit EUR 50 Confirming a credit (plus advising charge) - up to 3 months by arrangement (min EUR 150) - up to 6 months by arrangement (min EUR 300) - over 6 months by arrangement (min EUR 100 per month or part thereof) Deferred payments under confirmed credits by arrangement (min EUR 100 per month or part thereof) Taking up of documents 1,0 (min EUR 75) Amendment to a credit - Amendment to terms of an export or import credit EUR 75 per amendment - Amendment to an export credit increase of the amount 1,0 (min EUR 75, max EUR 800) Maturity control (non-confirmed credits with 1,0 (min EUR 75) deferred payment) max EUR 400) Handling of discrepant documents received EUR 75 per set of documents Acknowledgement of proceeds assignment EUR 75 (except initial acknowledgement) Charges of release of goods shipped to our address or 1,5 (min EUR 75) left at our disposal Payment commission (collection) export credit - Up to EUR ,00 EUR 20 per payment - Over EUR ,00 EUR 50 per payment - Payment through another Croatian bank EUR 5 per payment up to EUR ,00 - Payment through another Croatian bank EUR 10 per payment over EUR ,00 OUR/SHA/BEN charges are applied for the execution of the payment resulting from the documentary collection. 5

7 VI REIMBURSEMENT UNDER DOCUMENTARY CREDITS Advising of an authorisation to reimburse without engagement on our part EUR 75 Confirming of a reimbursement authorisation - up to 3 months by arrangement (min EUR 150) - up to 6 months by arrangement (min EUR 300) - over 6 months by arrangement (min EUR 100 per month or part thereof) Payments under reimbursement authorisation Amendments EUR 75 per payment EUR 75 per payment Documentary credits are subject to the General Terms and Conditions for Correspondent Banks as amended at any given time and to the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce in Paris, latest revision. VII GUARANTEES IN FOREIGN CURRENCY Issuing a guarantee EUR 100 (+ 3,0 quarterly, min EUR 100) Advising a guarantee 1,0 (min EUR 75, max EUR 400) Amendment to a guarantee EUR 75 Request for payment 2,5 (min EUR 75, max EUR 400) Forwarding a guarantee (or amendments to a guarantee), to a third bank, with verification of authenticity EUR 50 6

8 VIII MISCELLANEOUS Confirmations: - Balance confirmations EUR 20 - Relationship status confirmation for foreign banks EUR 125 Status report on bank/company without financial highlights (depending on reciprocity) EUR 30 Encoding - Encoding service for third parties EUR 30 - Incorrect code EUR 30 Inquiries related to transactions older than 30 days EUR 30 IX CUT-OFF TIMES BANK-TO-BANK TRANSFERS: (applicable only if cover is available) Book transfer (between accounts with ZABA) - same day value if the MT2XX instruction is received: before 16:00h CET HRK transfer to a domestic bank - same day value if the MT2XX instruction is received: before 15:00h CET HRK transfer b/o domestic bank f/o account with ZABA same day value guaranteed - funds available on the value value date if MT2xx received: before 16:00h CET - funds available on D+1 if MT2xx received: after 16:00h CET EUR and USD transfer f/o accounts with other banks - same day value if the MT2XX instruction is received: before 11:00h CET Transfers in other currencies f/o accounts with other banks - T+1 value if the MT2XX instruction is received: before 13:00h CET CUSTOMER PAYMENTS: (applicable only if cover is available) Same day value can be guaranteed - for book payment before 16:00h CET - for payments to other banks before 13:00h CET CUT-OFF TIME FOR WORKING DAYS WITH SHORTENED BUSINESS HOURS: Same day value can be guaranteed - for customer payments to other banks before 11:00h CET - for bank transfers to other banks before 13:00h CET 7

9 X GENERAL REMARKS 1. The aforementioned conditions are subject to change without previous notice. 2. We reserve the right to levy a special charge when exceptional work is involved or in the event of unusual circumstances. 3. Postage, SWIFT, cable, telephone charges and other out-of-pocket expenses as well as correspondent s charges, if any, are for your account. 8