Visuel Shutterstock 2009 Terms and conditions Correspondent banks April 2010 INTERNATIONAL FINANCIAL INSTITUTIONS CORPORATE & INVESTMENT BANKING / INVESTMENT SOLUTIONS / SPECIALIZED FINANCIAL SERVICES
PREAMBLE The terms and conditions of Natixis apply to all transactions entrusted by banks and financial institutions as from April 1, 2010. This edition cancels and supersedes any previous editions sent by Natixis. However, any condition which have been negotiated with Natixis will remain in force. Natixis reserves the right to change the rates at any time without prior notice. Natixis as a French Banking institution shall comply with all applicable laws, regulations or recommendations related to money laundering and terrorist financing. They include in particular all European Commission Regulations and French government decrees ("décrets") imposing restrictive measures on certain persons and entities, as well as all recommendations on money laundering and terrorist financing issued by the Financial Action Task Force on Money Laundering ("FATF"). Furthermore, in application of the special recommendation VII of the FATF, Natixis reserves the right to reject any order which may violate the regulations in force. NB: expenses for postage, telegrams, telex messages, telephone calls are charged to the correspondent on a real-cost basis. Taxes, if any, payable on transactions, will be passed on to the beneficiary in the same way. Natixis Terms and conditions Correspondent banks / page 2
SUMMARY Account conditions 4 Interbank payments (MT 200, MT 202) 5 Commercial payments (MT103, MT103+) in in other currencies Miscellaneous 5 and 6 5 6 6 Cut-off times 7 Electronic receivables collection 7 Commercial services for your customers 7 Cheques Cash Letter France Credit after final payment Paneuropean Cash Letter Paper bills of exchange and documentary remittances 9 Paper bills of exchange in and other currencies 9 Documentary remittances in and other currencies 9 Documentary credits / Export letters of credit 10 Undertakings by signature 11 Exchange commission 11 Formats of STP SWIFT messages 12 and 13 8 8 8 8 Natixis Terms and conditions Correspondent banks / page 3
ACCOUNT CONDITIONS details commission remarks Account Maintenance - Account maintenance (including MT 950) 120.00 per month - Audit Request 160.00 - Credit and Debit Interests by arrangement Reporting - Accounts online 45.00 per month - Pending transactions online 45.00 per month - Account statement by e-mail 45.00 per month - Account statement by SWIFT MT 940 80.00 per month - Paper account statement 100.00 per month Investigations - from 0 to 3 months 35.00 - from 3 to 12 months 70.00 - from 12 to 36 months 175.00 - over 36 months 200 + full costs Account closing 250.00 Natixis Terms and conditions Correspondent banks / page 4
PAIEMENTS INTERBANCAIRES INTERBANK PAYMENTS [MT 200, MT 202] details commission remarks Outgoing interbank payment in - Per item fee 6.00 - Supplement TARGET fee 3.00 Outgoing interbank payment in other currencies - Per item fee 10.00 Incoming interbank payment in - Per item fee 3.00 Incoming interbank payment in other currencies - Per item fee 8.00 COMMERCIAL PAYMENTS (MT 103, MT 103+) details commission Commercial STP payments in European area : Payment Services Directive (PSD) Accounts of both ordering customer and of beneficiary are maintained at banks located in an E.E.A. member state - In favour of our customers: - Inferior or equal to 50,000: 5.00 - Superior to 50,000: 15.00 - In favour of non customers inside E.E.A.: - Inferior or equal to 50,000: 10.00 - Superior to 50,000: 25.00 For the BEN or SHARED commercial payments in favour of non-customers a 4 Intermediary fee will be charged to the ordering bank. Non European area (PSD) Account of the ordering customer or of the beneficiary is maintained at a bank located outside the E.E.A. - In favour of our customers: 15.00 - In favour of non-customers inside E.E.A.: 25.00 - In favour of non-customers outside E.E.A.: 45.00 Natixis Terms and conditions Correspondent banks / page 5
COMMERCIAL PAYMENTS (MT 103, MT 103+) details commission remarks Commercial payments in other currencies STP payments in other currencies - In favour of our customers and non-customers in France 30.00 - In favour of non-customers outside France 55.00 Miscellaneous SWIFT to Cheque contact us service subject to specific agreement Non STP additional fee 10.00 applicable fee in case of noncompliance with the formats of the SWIFT messages MT103, MT200 and MT202 displayed at the end of the brochure Order received with incomplete bank details 40.00 Payment instruction received by fax 40.00 Amendment or cancellation of a payment order 50.00 Return of incorrect payment instruction 50.00 Remarks: The present price list does not include the expenses which could be allocated to Natixis by third banks and which Natixis reserves the right to echo to its customers. This price list applies if the payment order respects the formats of SWIFT MT 103, MT 200 and MT 202 displayed at the end of the brochure. Natixis reserves the right to levy fees in case of non STP order, except in case of preliminary bilateral agreement. For payment orders in favour of the Banque Populaire regional banks customers, the commission is levied by Natixis. Amendment or cancellation of a payment order: The request for the amendment/cancellation of a payment order, irrespective of its value date, can be granted only if : - the payment has not yet been executed or advised by Natixis, - the beneficiary assents to such amendment/cancellation in case the payment order has already been executed or advised. Natixis Terms and conditions Correspondent banks / page 6
CUT-OFF TIMES TO APPLY SAME DAY VALUE PARIS TIME correspondent banking clearing systems Interbank and commercial payments received STP in your favour or in favour of our customers Cutt-off time 17.00 16.00 beneficiary location clearing system cut-off times Commercial or treasury payment sent STP by Natixis Cutt-off time France CORE 12.00 ABE 15.00 Europe TARGET 16.00 NB: payments received after cutt-off time will be processed on a best effort basis. ELECTRONIC RECEIVABLES COLLECTION details commission remarks Collection of direct debits in in France contact us Service subject to specific agreement COMMERCIAL SERVICES FOR YOUR CUSTOMERS Services subject to specific agreement. For the services below, Natixis proposes you the Centralizing Account feature which allows you to isolate the transactions by customer and service: Lockbox (cheques or transfers) Transfers Direct Debits Motorway cards Do not hesitate to contact your Natixis Network Manager for details. Natixis Terms and conditions Correspondent banks / page 7
CHEQUES The following services are subject to specific agreement details commission remarks Cash Letter France Credit after final payment contact us contact us Paneuropean Cash Letter contact us Cheques drawing in - Encoded cheque 3.00 Mandatory control with drawing advice (MT 110) - Non-encoded cheque 15.00 Mandatory control with drawing advice (MT 110) Miscellaneous - Sending of cheque books by mail 60.00 - Stop payment 50.00 - Unpaid cheque fees 45.00 - Cheque copy 30,00 Natixis Terms and conditions Correspondent banks / page 8
PAPER BILLS OF EXCHANGE AND DOCUMENTARY REMITTANCES details commission remarks Paper Bills of Exchange in and other currencies Sending for acceptance 1.5 mini 45.00 maxi 250.00 Collection fees 1.5 mini 45.00 maxi 250.00 Additional charges per bill per bill 45.00 per bill outstanding due to nonpayment (15 working days after receipt for sight bills and 10 working days after maturity for term bills) or bills outstanding due to nonacceptance (10 working days before maturity) Unpaid/protested bill of exchange 45.00 + protest charges Documentary remittances in and other currencies Sending for acceptance 2 mini 55.00 maxi 680.00 Collection fees 2 mini 55.00 maxi 680.00 Additional charges 45.00 Unpaid/protested bill of exchange per bill per bill per bill outstanding due to nonpayment (15 working days after receipt for sight bills and 10 working days after maturity for term bills) or bills outstanding due to non acceptance (10 working days before maturity) 45.00 + protest charges Value dates 3 working days after receipt of cover Natixis Terms and conditions Correspondent banks / page 9
DOCUMENTARY CREDITS / EXPORT LETTERS OF CREDIT details commission remarks Preadvice 64,50 Notification - For amounts up to 1,500,000 or 1 counter-value mini 100.00 - For amounts above 1,500,000 or 0.5 counter-value mini 100.00 Confirmation calculated on a case by case basis in this case, no advising fee is charged Amendment to an unexpired credit 100.00 + advising or confirmation fees in case of increase of the L/C amount Acceptance/undertaking under deferred payment calculated on a case by case basis Taking up of documents 1.5 - customers mini 135.00 - non-customers 2 mini 170.00 Transfer (+ postage, telex, photocopy and fax costs, our correspondent's charges and reimbursement of VAT) 1.25 mini 120.00 Reimbursement to a third party bank 110.00 NB: any charge regarding the opening of a documentary credit is payable even if the documentary credit is cancelled, totally or partly unused Value dates 3 working days after receipt of cover Natixis Terms and conditions Correspondent banks / page 10
UNDERTAKINGS BY SIGNATURE NGAGEMENTS PAR SIGNATURE details commission remarks calculated on a case by Caution, stand-by L/C or case basis endorsement Drawing up of a deed or legal text 120.00 charge is payable even if the deed has not been dispatched Simple transmission of guarantee 80.00 Entirely chargeable to the without liability on our part remitter Amendment 60.00 details Exchange commission EXCHANGE COMMISSION commission remarks - up to 75,000 0.5 - above 75,000 and up to 150,000 0.25 - above 150,000 and up to 450,000 0.125 - above 450,000 0.0625 mini 15.00 applicable to payment, collection and documentary credit transactions Natixis Terms and conditions Correspondent banks / page 11
ORMATS DE CHIERS FORMATS OF STP SWIFT MESSAGES Specifications of MT 103, MT 200 and MT 202 STP payment orders. The EPC Resolution on the mandatory use of BIC and IBAN for cross border payments inside the European Economic Area applies since January 1 st, 2007. Therefore, the use of BIC and IBAN represents one of the specifications of an STP payment order. Natixis will process any payment order that doesn t contain the BIC and the IBAN but reserves the right to levy fees in case of non STP order. Payment orders can be exempt of non STP charges in case of bilateral agreement with Natixis. SPECIFICATIONS OF A STP MT 103 tag status field name content 23E O Instruction Code Valid with codes "CORT", "INTC", "SDVA" or "REPA" or if the field is blank 50A M Ordering Customer Options A or K or F 53A O Sender s Correspondent Options A, B, C or D or blank 54A O Receiver s Correspondent Option A or blank 55A O Third Reimbursement Institution Option A or blank 56A O Intermediary Institution Option A or blank Option A is mandatory (unless the account with 57A O Account With Institution institution is located in France) 59A M Beneficiary Customer Name account number and address of the beneficiary Domiciled in France: RIB or BBAN or IBAN Domiciled in a EEA country*: IBAN Domiciled in an other country: account number or BBAN or IBAN 71A M Details of Charges SHA, BEN or OUR 71G O Receivers Charges Bilateral agreement is required 72 O Sender to Receiver Information Valid with codes: REJT, RETN, /INS/ followed by a text or if the filed is blank * as well as the following countries: Andorra, Aruba, Falkland, Feroe Islands, Netherlands Antilles, Gibraltar, Greenland, Guernsey, Isle of Man, Jersey, Sainte-Helena, San-Marino, Vatican, Virgin Islands. - Status : M: Mandatory ; O: Optional Natixis Terms and conditions Correspondent banks / page 12
SPECIFICATIONS OF A STP MT 200 tag status field name content 53B O Sender s Correspondent Option A, or B with RIB, BBAN or IBAN or blank 56A O Intermediary Option A 57A M Account With Institution Option A 72 O Sender to Receiver Information Accepted keywords: /INS/, /REJT/, /RETN/, «ACC», «BNF» or blank - Status : M: Mandatory ; O: Optional SPECIFICATIONS OF A STP MT 202 tag status field name content 52A O Ordering Institution SWIFT specifications Option A, B, C or D with RIB, BBAN or IBAN or 53A O Sender s Correspondent blank 54A O Receiver s Correspondent Option A or blank 56A O Intermediary Option A or blank 57A O Account With Institution Option A or blank 58A M Beneficiary Option A 72 O Sender to Receiver Information Accepted keywords: /INS/, /REJT/, /RETN/, «ACC», «BNF» or blank - Status : M: Mandatory ; O: Optional Natixis Terms and conditions Correspondent banks / page 13
30, avenue Pierre Mendès France 75013 Paris Adresse postale : BP 4-75060 Paris Cedex 02 France Tél. : +33 1 58 32 30 00 www.natixis.com