TARIFF AND CHARGES CORPORATE BANKING HSBC LEBANON HSBC Bank Middle East Limited, Lebanon
Introduction Dear Customer, At HSBC, we believe that you, our customer, should be made fully aware of the fees that may be levied on your account. We believe that transparency and honesty are the key to a strong long-term relationship with our valuable clients. We therefore publish a full tariff of charges for our Commercial Banking Services products. If you have any questions, please call us on 01-760061 and 01-760129. Jihad Achkar Head of Commercial Banking is effective from 15 August 2014. Applicable to HSBC Lebanon only.
General Conditions Charges listed are primarily in US$. Depending on the currency of the account, some fees may be based in LBP Any fees listed in this booklet apply to normal transactions. The Bank reserves the right to levy additional charges for services at its sole discretion Other expenses, such as fiscal stamps, postage, cable, etc. not included in this list will be charged where incurred Charges for any services not mentioned in this booklet will be available on request
Abbreviations used in this booklet: A/C ATM DC FCY LBP N/A PIN TT US$ Account Automated Teller Machine Documentary Credit Foreign Currency Lebanese Pounds Not Applicable Personal Identification Number Telegraphic Transfers US Dollars
Section 1.0 Account Service & Miscellaneous Charges Account Services 1.1 Domestic account opening fees $150 Overseas account opening fees equivalent to US$ $300 Monthly service charge $40 Minimum monthly average balance required $25,000 Issuance of certificates 1.2 Audit confirmation letter $50 Account certificate / letter of introduction $20 Balance certificate $25 Trade and credit confirmation $25 Other certificates $25 Account mandate and maintenace 1.3 Change of account titles $30 Penalty charges for non-submission of other mandatory documents $25 requested by the bank from time to time Account closure within 6 months of its opening $100 Dormant account reactivation $25 per month Unclaimed account reactivation $100 Account statement requests 1.4 Regular statement by postal mail $10 Regular estatement Retrieval of old statements Statement copy till 1 year (per month) $10 Statement copy older than 1 year (per month) $15 MT940 swift statements per month $50
Section 1.0 Account Service & Miscellaneous Charges Standing orders / instructions 1.5 New standing instruction set-up $15 Standing instruction amendment $10 Charge due to inability to effect payment of standing instruction due to $10 insufficient funds Cancellation of a standing instruction $5 Cheques 1.6 *See notes applicable to all payments under notes - Section A Cheque books issuance (50 cheques) $9.90 Request to print branded cheques $10 Cheques deposited via HSBC ATM Encashment of cheques drawn on HSBC Lebanon Cheques sent for collection within Lebanon (per cheque in US$ / LBP) $1 / LBP 1000 Cheques sent for collection outside Lebanon (+correspondent bank charges) 0.3% (MIN $25) Cheques returned deposited in own account (per cheque) $5 Cheques returned drawn on own account (per cheque) $30 Issuance of cashiers order / demand draft $7 Cancellation of cashiers order cheque with original returned) $15 Notice of stop payment / stolen cheque* $20 Other miscellaneous charges 1.7 Cash deposits in LBP notes Cash deposits in US$ notes (if above $1,000) 0.20% Cash deposits in LBP / US$ / GBP / EUR notes through ATM Cash deposits in GBP or EUR 1% Issuance of ATM card Utility bill payment (mobile, internet, phone, etc.) $2 Returned bill for insufficient funds (per bill) $20 Express banking service Please contact your relationship manager Express cash service Please contact your relationship manager Section A: A) Clearing bank / drawing bank and postage charges, if any, will be charged on account of the customer B) Charges for cheques sent for clearing within Lebanon will be debited from the account in bulk on a monthly basis
Section 2.0 Payments *See notes applicable to all payments under notes - Section B Inward payments 2.1 Credited to the beneficiary s account in LBP currency LBP 5,000 Credited to the beneficiary s account in other currencies $13 Outward payments 2.2 ELECTRONIC SMART FORM MANUAL Book transfer to accounts within HSBC Lebanon $2 Domestic telegraphic transfer $5 $15 $15 International telegraphic transfer $15 $40 $40 Additional charge for same day value payments $20 $20 $20 Additional charges to send telegraphic transfer in full. Only applicable if customer opts for charge type OUR $25 $25 $25 Bulk payments 2.3 ELECTRONIC DISKETTE MANUAL Transfer within HSBC Lebanon $2 $5 Local bank transfer $5 $12 $15 Additional fee by channel $50 $80 Additional charges to send telegraphic transfer in full. Only applicable if customer opts for charge type "OUR" $25 $25 $25
Section 3.0 Delivery Channel HSBCnet 3.0 Account setup and initial training Security device $10 per device Password reset $5 Additional system administrator Additional training session (per session) $50 HSBCnet monthly service fees $45 Cashier order issuance / demand draft issuance $3.32 Processing and transmission fee for trade DCs by HSBCnet (Trade services) $55 Inward - other banks account statements to HSBC Charge for incomplete instruction Cheque Outsourcing Services (COS) Please contact your relationship manager Receivables Management System (RCMS) Please contact your relationship manager
Section 4.0 Post Processing Charges Post processing services 4.0 Payment referral - if incomplete instructions sent to the processing unit / insufficient funds $5 Payment investigations / TT fate enquiry / beneficiary claims non receipt of funds $15 TT amendment request (sent to correspondent / beneficiary banks) $15 Recall of telegraphic transfer funds (subject to funds still being within our control and not credited to $20 beneficiary account at the time of recall) Other bank investigation handling fees $40 Follow up per swift message $10 Charge on returned funds by other banks $5 Section B: a) Services standard spot value (2 working days) b) Above charges are applicable to HSBC Lebanon only. Other banks involved in executing any instruction, including other HSBC Group entities, will deduct their charges from the remittance amount c) Beneficiary of any payment instruction may be required to pay a charge depending on the conditions set by the remitter or his / her bank d) If the amount is to be credited in another currency to a HSBC account, the prevailing exchange rate will apply e) If customer opts to pay all charges for remittance and such costs exceed USD 25, the customer shall be debited for any excess charge the bank incurs above USD 25 (as per the amount the bank actually incurs) f) Beneficiary banks may deduct their own charges from the total amount remitted, irrespective of whether funds sent with instructions that all charges to be borne by the remitter g) If one diskette contains several files, each file will be charged seperately h) Paper schedule is a discontinued service i) Returned items: When a third-party bank is unable to process an HSBC payment instruction due to incomplete or incorrect payment details as issued by an HSBC customer j) Payment referral: When HSBC is required to refer the payment instruction to an HSBC relationship manager for approval or back to an HSBC customer for additional information. k) Please be advised that HSBC continues to review its tariff on an ongoing basis with a view to reducing, where possible, the cost of electronic transactions and bringing the advantages of technology to your business
Section 5.0 Commercial Cards Commercial cards 5.0 Mastercard classic annual fee $60 Mastercard gold annual fee $150 Card replacement fee $15 Cash advance fee 2% Late payment fee $20 Overlimit fee $20 Finance charges per month (Classic) 2% Finance charges per month (Gold) 1.9% Finance charges on cash advance per month 2% Returned cheque charges $50 Card cancellation charges (to cover bank s administrative cost as cards uncollected after one month $25 from their date of issue must be destroyed and card account cancelled from our systems) Copy of the sales voucher $10 Charge for each disputed transaction which is rejected by the bank after reviewing evidence $25 SMS service fee Regular statement by postal mail Additional copy of credit card statement up to 3 months (per month) $10 Additional copy of credit card statement over 3 months (per month) $20 Foreign Currency Transaction Processing Fee Up to 2.30% Payment allocation: Payments to your credit card account will be applied in the following order: Balances on promotional interest rates Fees Billed cash advances Billed purchases Unbilled fees Unbilled cash advances Unbilled purchases
Section 6.0 Imports A. Documentary credit opening commission Irrevocable DC 0.3% per quarter or part thereof; minimum $150 Standyby DC 0.6% per quarter or part thereof; minimum $250 Back to Back DC 0.3% per quarter or part thereof minimum $150 PLUS $150 processing fee B. Acceptance commission for usuance documents under DC 0.3% per month or part thereof. Minimum US$150 flat per usance period C. DC amendments Increase in DC amount and or extension of expiry date Commission payable on the increased amount or extended period according to the scale for opening irrevocable DCs (minimum US$150) Other amendments $75 (Flat charge) D. Postage & cable charges Telex / swift on DC amendment $20 DC issued by telex / swift $65 DC issue by telex / swift through HSBCnet $55 Cancellation of DC before expiry date $100 E. Shipping guarantees and delivery orders Shipping guarantees $100 handling fee (additional $50 per month or part thereof on guarantees outstanding after one month from date of issue) Shipping guarantees secured by full marginal deposit $100 handling fee (additional $50 per month or part thereof on guarantees outstanding after one month from date of issue) Delivery order $100 handling fee (additional $50 per month or part thereof on guarantees outstanding after one month from date of issue) F. Documentary bills for collection Collection commission (0.2% flat) minimum $100 Documents released free of payment (0.2% flat) minimum $100 Avalisation of bills 0.3% per month or part thereof; minimum $150 flat per usuance period Transport document consigned to our order $150 deducted from proceeds (for beneficiary s account) G. Clean Import Loan (CIL) Clean Import Loan (CIL) Interest will be charged at the agreed interest rate as per the customer s CIL facility Postages $10 per promissory note Commitment fees 0.2% on the highest outstanding balance per quarter or any part thereof Checking fees (for applications covering transactions other than DC bills and non-dc bills) H. Other charges Discrepancy charge Amendment to collection bills Reimbursed bills Postage Stamps on drafts / promissory notes Reimbursement charges where HSBC remits the funds Note: USD 65 - For each set of documents, i.e., for each invoice + transport document $110 for each set of documents received with discrepancies - usually deducted from proceeds for the beneficiary s account $35 per amendment Interest to be charged from negotiation date until settlement date plus 2 days. This 2 day interest also applies when bills are received with discrepancies, which are accepted by applicant but related bill not settled $10 Per Bill 0.15% flat $75 deducted from proceeds for beneficiary / drawer account Shipping guarantees / delivery orders under Documentary Bills for Collection issued prior to receipt of documents from the remitting bank are subject to 110% cash margin plus handling fees of US$100 DC Bills received from Non Group offices, USD 150 will be deducted from proceeds of each set of documents checked at our counters
Section 7.0 Exports A. Export DC advising DC advising 0.15% per quarter or part thereof; minimum $150 DC amendments - Increase in DC amount and / or extension of expiry date Commission payable on the increased amount or extended period according to the scale for advising DCs; minimum $150 - Other amendments $75 flat Postage (for DCs advised through other local banks) $25 flat B. Confirmation of DCs Confirmation of DC (for total exposure period DC validity and usance) Charge based on issuing bank / country considerations; calculated on the DC face value for each three month period or part thereof, not less than 0.3% per quarter. Minimum $250 Usance commission for unconfirmed DCs where the bank accepts or Charges are subject to arrangement. Minimum $250 negotiates a term draft or incurs a deferred payment undertaking C. Export bills Non-DC bills sent for collection 0.2% of bill value; minimum $100 Non-DC bills purchased or discounted 0.2% of bill value; minimum $100 also refer to interest on purchased / discounted DC-bills section in addition to 0.2% commitment fees per quarter Interest on purchased or discounted DC-bills Subject to arrangement Payment commission (payable on all DC-Bills presentation) 0.1% of bill value; minimum $100 Checking of documents under unconfirmed DCs $200 for each set of documents even within same presentation additional $200.- will apply Postages (for Bills sent to other local banks) $25 flat Postages (for Bills sent to banks outside Lebanon) $50 D. Transfer of DCs Transfer of DC in whole without any amendments or alterations to the Minimum $250 0.3% flat of DC value terms and conditions Transfer of DC which involves alterations to terms and conditions Minimum $350 0.3% flat of DC value Amendment of transferred DC with or without substitution $100 E. Loans against export and packing credits Interest As per customer s facility agreement Commitment fees 0.2% per quarter or part thereof F. Other charges Amendment to non-dc bills $35 per amendment Bills returned unpaid $100 flat Assignment of proceeds under a DC 0.25% minimum $250 Note: a) Postage charges to be levied commensurate with the cost involved b) Correspondent or agents charges, if any, are for customer s account c) Facility and rate of interest charged on export bills purchased or discounted are subject to arrangement. Interest is charged from the date of purchase or discount of documents to the date of arrival of the reimbursement payment, subject to a minimum period of 7 days
Section 8.0 Guarantees A. Guarantees issued / extended / increased (all types) With 100% cash margin held Minimum $150 1% per annum With no margin held Minimum $150 (subject to arrangement) Guarantees issued favour of mobile operators companies $50 per annum Note: Guarantees issued by swift are subject to $65 cost of SWIFT B. Amendment to guarantees Technical amendments $30 plus cost of cable as appropriate C. Guarantees issued on behalf of or backed by counter indemnity of other banks Issuing Charges based on issuing bank or country considerations. However, not less than 1% per annum Postage and handling $40 plus cost of swift as appropriate D. Guarantees called upon by beneficiaries Postage $50 Cost of cheque $6 E. General Fiscal stamps affixed on tender guarantees LBP 10,000 irrespective of guarantee value Fiscal stamps affixed on other guarantees 0.3% flat of guarantee value
Section 9.0 Promissory Notes Promissory notes for collection Promissory notes «in guarantee» Promissory notes discounted Promissory notes returned unpaid Current 0.2% from P.N. value, minimum $100 per schedule As per customer s facility agreement Interest: as per customer s facility agreement Commitment fees: 0.2% calculated on the highest outstanding balance charged quarterly or any part thereof Postage: $10 per item, minimum $50 per schedule 2 days to be added on the discount period $25 per item Issued by HSBC Bank Middle East Limited, PO Box 11-1380 Beirut, Lebanon, incorporated in Jersey, Channel Islands and regulated by the Jersey Financial Services Commission. CMPADVM 140020 Copyright. HSBC Bank Middle East Limited, Lebanon 2014 ALL RIGHTS RESERVED.No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC Bank Middle East Limited, Lebanon