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| Types |
Quotation Rate |
| At Sight |
1M L + 1.80% |
| Usance |
31 days or less |
1M L + 1.80% |
| 62 days or less |
3M L + 2.5% |
| 92 days or less |
3M L + 2.7% |
| 123 days or less |
6M L + 2.8% |
| 184 days or less |
6M L + 2.8% |
| 300 days or less |
9M L + 2.9% |
| Over 300 days |
Agreed rate ML : Month Libor |
| Types |
Normal Nego |
| At Sight |
Bills under L/C |
- |
| Bills under Non-L/C |
- |
| Usance |
Bills under L/C |
Within 1 year |
- |
| Over 1 year |
0.50% |
| Bills under Non-L/C |
Within 6 months |
- |
| Over 6 months(excess period) |
1.50% |
Where it exceeds more than 6 months, spread rate of 3% will be imposed during the period beginning from the previous maturity date till the postponed maturity date. However, spread rate of 4% will be charged when the payment has been delayed more than twice.
L/G Nego : The additional spread rate of 1.5% to normal rate (1.3% for small and medium-sized companies) will be charged. |
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¡æ L/G Nego : The additional spread rate of 1.5% to normal rate (1.3% for small
and medium-sized companies) will be charged. |
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Interest rate for deferral and dishonored L/C |
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Interest rate for deferral and acceptance |
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Under L/C : exchange commission rate at the time of imposition + 1.5%
(1.3% for small and medium-sized companies) |
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D/P : Trade Fee rates at the time of imposition (Upon negotiating L/G, the additional spread
rate of 1.5% (1.3% for small and medium-sized companies) will be charged.) |
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DA :
¡æLate acceptance: exchange commission rate at the time of imposition (in case of L/G nego,
the additional spread rate of 1.5% to normal rate (1.3% for small and medium-sized companies)
will be charged.)
¡æLate payment : overdue interest rate of the related foreign currency. |
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Delay Charge on Re-Nego
When payment is made after the commission payment period (1st bank: 3 days, 2nd bank: 9 days), the exchange commission rate at the time of imposition will be charged for extra days. (in case of L/G nego, the additional spread rate of 1.5% (1.3% for small and medium-sized companies) will be charged) |
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Interest rate on dishonored L/C
Prime rate (KRW-denominated Loan) during * collection period + additional rate |
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Collection Period
Period beginning from the maturity date (at sight: the next day of the maturity date) till one day before the date payment is made. |
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Cable fee (including amendment) & Mailing (including amendment): KRW 20, 000 per cable |
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EDI Advice: KRW 10,000 per item |
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Others (including Confirmation of Signature on Shipping Documents, and Mail Confirmation, etc)
: KRW 6,000 per item |
| Types |
Upon Transfer |
Amendment |
| Simple Transfer |
KRW 20,000 per transfer |
KRW 10,000 per transfer |
| Amendable Transfer |
To KEB |
KRW 50,000 per transfer |
KRW 10,000 per transfer |
| To other banks |
KRW 70,000 per transfer |
KRW 20,000 per transfer |
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Handling Fee on Bill of Exchange Bought: KRW 20,000 per item
Collection Fee: KRW 20,000 per item
Fee on Re-opening L/C (including Local Credit): KRW 30,000 per item
Fee on Issuance of PA (Procurement Authorization): KRW 7,000 per item
(where applied thru. EDI: 3,000 per item)
Fee on Issuance of Export Certificate: KRW 2,000 per item |
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