Fee schedule and cut-off times applying to International Payments & Trade Finance. Denmark

Transcription

1 Fee schedule and cut-off times applying to International Payments & Trade Finance Denmark

2 Account services and reporting Type Charges Account maintenance fee Confirmation of balances DKK 200 Audit requests by banks and/or their auditors DKK 500 min. Posting fee Interest conditions Credit interest Debit interest Interest is calculated on the basis of 365 (366)/360 days and payable quarterly. Danske Bank does not give notice of changes in interest rates. Reporting Type Release time (CET) Charges MT900 when debit entry has been posted MT910 when credit entry has been posted MT am on the following banking day MT942 as per request MT am on the following banking day Statements sent by fax DKK 200 Quality reports as per request DKK 500 2

3 International incoming customer transfers MT10N Cut-off times DKK, SEK, NOK, GBP, USD and EUR CET V * Other currencies CET V-1 * Prices Own clients **EU-standard transfer (denominated in EUR) free of charge STP transfers DKK 20 Clients of other banks **EU-standard transfer (denominated in EUR) free of charge STP transfers below DKK 375,000 DKK 20 Other DKK 50 Additional non-stp charge - irrespective of fee option Received in forms other than SWIFT DKK 120 Letter of advice DKK 10 DKK 60 debited to remitting bank monthly * A one-day value float is normal Danish banking practice in regard to customer transfers. * * EU-standard transfer: the payments are denominated in EUR the payments do not exceed EUR 50,000 charge code is SHA correct SWIFT BIC in field 57A correct IBAN account number in field 59 Danske Bank Group will adhere to resolution 092/05 issued by the European Payments Council regarding mandatory use of BIC and IBAN and resolution 1781/2006 regarding mandatory remitter details on cross-border payment instructions as of January 1, Transfers indicating a valid account number in field 59 are effected in favour of that account. Danske Bank does not verify whether the account number corresponds to the customer name. For further information regarding STP formatting requirements, indication of IBAN account numbers, BIC-addresses etc., please refer to 3

4 Bank-to bank transfers MT20N Cut-off times In-house/Book transfers STP transfers through local clearing Transfers through local clearing, repair Transfers in EUR Cancellation requests by MT292 Prices STP transfers in DKK STP transfers in EURO Manual processing CET CET CET CET CET Value dating If received correctly formatted by SWIFT before the mentioned cut-off times, transfers are effected for value same day. For further information regarding SWIFT formatting etc., please refer to: Investigations MT10N/MT20N Adjustment of value date leading to payment of interest Cancellations/amendments DKK 400 Queries requiring investigation DKK 400 Queries related to debit entries authorised by the account DKK 400 holder, or credit confirmation Investigation of transfers exceeding six months DKK 800 For very time-consuming investigations, we may charge an hourly fee. DKK 1,000 plus interest Requests for value date adjustments between accounts in Danske Bank or other requests for compensation must be made within 180 days from the statement date. We offer same day cancellation of MT20N provided that you send a correctly formatted MT292 before CET on value day. This service is free of charge. Requests for cancellation of MT20N received after cut-off time are handled on a best effort basis. Danske Bank sends out confirmations upon request and against a fee. Requests for cancellation of MT10N transfers in foreign currency where the amount has been converted are returned in the currency received. Conversion is made on the basis of Danske Banks selling rate for the currency in question on the day of return. An MT10N transfer is final once Danske Bank has credited the beneficiary's account/beneficiary's bank or advised the beneficiary of the payment. Danske Bank may do this prior to the value date specified in field 32A. After this time, Danske Bank can reverse the amount with beneficiarys consent only. 4

5 Cheques Cheque remittances received for immediate credit and subject to final payment Charges Value dating In DKK drawn on Danske Bank or free of charge two days after receipt other Danish bank Drawn on other Danish banks in foreign free of charge seven days after receipt currency Cheques received for collection in DKK and free of charge seven days after receipt foreign currency (final payment) Cut-off time CET Unpaid items are returned to remitter, per item DKK 300 Stop payment DKK 250 The return of cheques exceeding the equivalent of DKK 10,000 is advised by SWIFT. Cheque remittances should include detailed settlement instructions. Please forward cheques to: Danske Bank A/S Cheque Processing Holmens Kanal DK-1092 Copenhagen K Denmark A cheque is considered final seven days after receipt in Danske Bank with exceptions only in case of forgery and fraudulent endorsement. If the cheque proves to be forged or fraudulent at a later date, Danske Bank reserves the right to withdraw funds from the remitting banks account. Issuance of DKK bank drafts drawn on your account with us: Formatting The preferred cheque format is cm wide and 8-10 cm high and with the remitting banks account number (ten digits) printed on the front. Danske Bank accepts cheques assigned with own cheque numbers. Control digits are not used and pre-encoded lines are not necessary. There are no volume restrictions. Danske Bank requires an MT110 for each cheque issued. Cheques presented through the retail branch network are debited the remitting banks account value on the same day. Stop payment Danske Bank requires an MT111 before CET. Stop payments are confirmed by MT112 and valid for one year. Stamp duty No stamp duty applies. 5

6 Trade Finance Documentary credits We handle documentary credits in accordance with the Uniform Customs and Practice for Documentary Credits", issued by the International Chamber of Commerce and applicable at anytime. Our rates and prices include usual postage, but not telex and telephone expenses, etc., or banking expenses which we incur outside Denmark. We charge for those at cost. Documentary credits issued by Danske Bank, Issuance commission plus DKK 650 Amendment commission DKK 600 Documentary commission 0.15% min. DKK 650 Deferred payment commission plus DKK 500 Discrepancy fee DKK 600 Reimbursement commission charged where we are the DKK 600 nominated reimbursing bank, without our undertaking Documentary credits advised through Danske Bank Advising commission DKK 650 Confirmation commission Amendment commission DKK 600 Documentary commission 0.165% min. DKK 800 Deferred payment commission with our plus DKK 600 acceptance/payment obligation Without our obligation DKK 600 Cancellation/rejection DKK 550 Guarantees Establishment fee DKK 700 Commission (payable to us in advance) 1) Initial three-month period, or part thereof /min. DKK 400 2) Subsequent, three-month periods, or part thereof /min. DKK 400 Amendment commission DKK 525 Commission on handling claims under a guarantee DKK 600 Advising commission DKK 600 charged on guarantees issued by our foreign correspondents 6

7 Collections We handle collections in Denmark in accordance with the Uniform Rules for Collections, issued by the International Chamber of Commerce and applicable at any time. Collection commission. charged on the amount to be collected Acceptance fee DKK 350 Return fee DKK 400 charged for returning documents, which have not been accepted or paid Delivery fee DKK 400 charged for handing over documents against receipt only Amendment fee DKK 150 charged for amendment of instructions Protest fee DKK 150 charged for arranging protest. This amount does not include any legal fees that may be incurred Other conditions 0.25% min. DKK 450/ max. DKK 3,000 Special handling fee This fee is charged at our discretion. We apply it where collections require special handling and/or extensive correspondence. Our commission for transfer of proceeds by telegram, telex or SWIFT is additional. Sundry disbursements For postage, stamp, duty, telegrams, telephone calls etc., we charge at cost. The Faeroe Islands and Greenland This schedule also applies in the Faeroe Islands and Greenland, and we add such charges and commissions as the local collecting bank may charge. Processing collections in these areas are subject to local rules and regulations. 7

8 Where can you find us: Danske Bank A/S Financial Institutions International Customer Support 2-12 Holmens Kanal Tel: Tel: DK Copenhagen K Fax: Fax: DENMARK Tel: Incoming payments: Interbank payments: Fax: Tel: Tel: SWIFT: DABADKKK Fax: Fax: Fokus Bank ASA Your single point of entry is Danske Bank, Copenhagen. Vestre Rosten 77 N-7466 Trondheim NORWAY Tel: Fax: SWIFT: DABANO22 Danske Bank, Sweden Your single point of entry is Danske Bank, Copenhagen. Box 7523 S Stockholm SWEDEN Tel: Fax: SWIFT: DABASESX Danske Bank Your single point of entry is Danske Bank, Copenhagen. Danske Bank, Helsinki branch P.O.box 993 FIN-0010 Helsinki FINLAND Tel: Fax: SWIFT: DABAFIHX 8