Documentary credit

Documentary credit

Opening of Letters of Credit (Import and Domestic Customer Letters of Credit)

Advice and Confirmation of Letters of Credit (Export and Domestic Supplier Letters of Credit)

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1. Opening of Letters of Credit (Import and Domestic Customer Letters of Credit)

The fees indicated in this part of the List of Charges also apply to the provision of the services to private individuals.

1.1. Opening of Letter of Credit (L/C)


First commenced quarter	0.3%, minimum 1,000
Each additional commenced month	0.1%, minimum 1,000
Risk surcharge	individually priced

The price is calculated for the entire period of the original Letter of Credit validity (taking into account any conceivable L/C term extension) and for the total original amount (taking into account any conceivable L/C amount increases) even if the Letter of Credit is subsequently cancelled, used prior to the end of its validity or if the L/C amount is decreased. The price is calculated from the Letter of Credit amount including any conceivable tolerance and/or any additional amount payable from the L/C (e.g. interest, etc.).

1.2. Letter of Credit change


Formal (including L/C cancellation)	1,000
Amount increase and/or L/C extension	1,000 + price for Item 1.1. based on the increased amount or extended L/C term

1.3. Document, L/C payment check (from drawn L/C value)


International and domestic L/Cs in foreign currency, payable at sight	0,3%, minimum 1,000
Domestic L/Cs in Czech currency, payable at sight	0,2%, minimum 1,000
L/Cs with deferred maturity (international and domestic, any currency)	0.1%, minimum 1,000 + Item 1.4.

1.4. Deferred maturity, bill acceptance (within drawn L/C amount)


Up to 90 days of maturity	0.3% minimum, 1,000
For every additional commenced 30 days	0,1%, minimum 1,000
Risk surcharge	individually priced

1.5. Unpaid document handling (within drawn L/C amount)


international and domestic L/Cs in foreign currency	0,3%, minimum 1,000
Domestic L/Cs in Czech currency	0.2%, minimum 1,000

1.6. Correspondence and telecommunication services related to L/Cs (includes all correspondence, e.g. SWIFT, telex, postage, fax, etc.


Letter of Credit issue/change	200
For each set of documents	500
Messenger services costs	based on actually incurred costs

in this case the List of Charges, Part XIII, Chapter 5 does not apply to the client

1.7. Other items


Pre-notification	1,000
Goods sent at disposal of Česká spořitelna, a.s.	1,000
Document inconsistency	1,500

2. Advice and Confirmation of Letters of Credit (Export and Domestic Supplier Letters of Credit)

The fees indicated in this part of the List of Charges also apply to the provision of the services to private individuals.

2.1. Notification of Letter of Credit


L/Cs without confirmation from Česká spořitelna, a.s. *)	0.2%, minimum 1,000
L/Cs confirmed by Česká spořitelna, a.s.	free of charge (only the confirmation fee will be charged – see Item 2.2.
L/Cs issued by Česká spořitelna, a.s. and notified directly to the beneficent	free of charge

*) the price is calculated for the entire period of the original Letter of Credit validity (taking into account any conceivable L/C term extension) and for the total original amount (taking into account any conceivable L/C amount increases) even if the Letter of Credit is subsequently cancelled, used prior to the end of its validity or if the L/C amount is decreased. The price is calculated from the Letter of Credit amount including any conceivable tolerance and/or any additional amount payable from the L/C (e.g. interest, etc.).

2.2. Letter of Credit confirmation


First commenced quarter	0.3% minimum 1,000
Each additional commenced month	0.1% minimum 1,000
Risk surcharge	individually priced

2.3. Letter of Credit change


Formal (including L/C cancellation and nonconfirmed L/C extension)	1,000
L/C amount increase	1,000 + price according to Item 2.1. or 2.2.
Extension of confirmed L/C	1,000 + price according to Item 2.2. based on the extended L/C term
Letters of Credit issued by Česká spořitelna, a.s. and notified directly to the beneficent	only the fee for the Opening of the Letter of Credit, Item 1.1. will be charged

2.4. Document and Letter of Credit payment or payment procurement check (within drawn L/C amount)


International and domestic L/Cs in foreign currency	0.3%, minimum 1,000
Domestic L/Cs in Czech currency	0.2%, minimum 1,000
L/Cs with a deferred payment commitment of Česká spořitelna, a.s. or with acceptance of a bill issued to Česká spořitelna, a.s. (international and domestic, any currency)	0.1%, minimum 1,000 + Item 2.5.
Letters of Credit issued by Česká spořitelna, a.s. and notified directly to the beneficent	only the fee for the Opening of the Letter of Credit, Item 1.1. will be charged

2.5. Deferred payment commitment, bill acceptance (within the drawn L/C amount)


Up to 90 days of maturity	0.3%, minimum 1,000
For every additional commenced 30 days	0.1%, minimum 1,000
Risk surcharge	individually priced
Check of deferred maturity without any commitment on the part of Česká spořitelna, a.s.	0.1%, minimum 1,000
Letters of Credit issued by Česká spořitelna, a.s. and notified directly to the beneficent	only the fee for the Opening of the Letter of Credit, Item 1.1. will be charged

2.6. Unpaid document handling (within drawn L/C amount)


International and domestic L/Cs in foreign currency	0.3%, minimum 1,000
Domestic L/Cs in Czech currency	0.2%, minimum 1,000

2.7. Preliminary document check (copy or document draft check prior to their due submission)


First preliminary check request within the drawing of the applicable L/C	free of charge
Every subsequent preliminary check request within the drawing of the same L/C, for each document	200

2.8. Correspondence and telecommunication services related to L/Cs (includes all correspondence, e.g. SWIFT, telex, postage, fax, etc.; with the exception of messenger costs


Letter of Credit issue/change	200
In case of L/C transfer	500
For each set of documents	500
Letters of Credit issued by Česká spořitelna, a.s. and notified directly to the beneficent	free of charge
Messenger services costs	based on actually incurred costs

in this case the List of Charges, Part XIII, Chapter 5 does not apply to the client

2.9. Other items


Pre-notification	free of charge
Negotiations	individually priced + Item 2.4.
Letter of Credit transfer (from transferred value)*)	0.2%, minimum 1,000
Issue of confirmation and yield assignment or consent with yield assignment in favour of a third party (from assigned amount)	0.1%, minimum 1,000
Assignment of L/C claim to Česká spořitelna, a.s. (forfeiting of claim from L/C)	individually priced
Document inconsistency (only with L/Cs with a commitment on the part of Česká spořitelna, a.s. and with transferred L/Cs)	1,500
Silent confirmation	individually priced
Goods sent at disposal of Česká spořitelna, a.s.	1,000

*) The price is calculated for the entire period of the original Letter of Credit validity (taking into account any conceivable L/C term extension) and for the total original amount (taking into account any conceivable L/C amount increases) even if the Letter of Credit is subsequently cancelled, used prior to the end of its validity or if the L/C amount is decreased. The price is calculated from the Letter of Credit amount including any conceivable tolerance and/or any additional amount payable from the L/C (e.g. interest, etc.).

Prices are quoted in CZK

For foreign currency accounts prices are shown in CZK but they are collected in respective foreign currency equivalent. A price which corresponds to its maximum/minimum amount or a fixed price is converted against the rate of the Czech National Bank valid on the fee maturity/charge date. Prices charged as a percentage rate are converted against the trading rate of ČS, a.s. valid on the transaction maturity /fee charge date

Apart from the fees for services specified in the List of Charges, also (-) other expenses (e.g. expenses of other banks and institutions) are charged. The fees are debited to the particular account during the provision of services, and/or the fees may be deducted from the L/C yield.

Additional fees charged for services provided by Česká spořitelna, a.s. are detailed in other parts of the List of Charges.

In exceptional cases, the bank may provide a discount from the specified fee.

This List of Charges shall become valid as of 1 September 2010 and any amendments shall be published at the branches of Česká spořitelna, a.s.

Done in Prague on 24 August 2010

Ing. Jiří Škorvaga CSc., in his own hand
Member of the Board of Directors
and Deputy General Director

Martin Techman v.r., in his own hand
Director of the Business Management Division

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Last update: 5/24/2012
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