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Trade Finance


In international trade, seller-buyer payments are associated with high risk. The seller is afraid of not receiving the payment, while the buyer is afraid of not receiving the promised goods. Therefore, to facilitate and reduce the risk of international trade between sellers and buyers, ARDB offers several trade finance solutions such as:

 

Documentary Collection

Documentary Collection

Documentary Collection is a cross-border trade payment service where the exporter submits the payment document to exporter’s bank (Remitting Bank) and the buyer’s document is sent to the importer’s bank (Colleting Bank) for payment.

  • Import
  • Export
Import Documentary Collection
Fee Charge Percentage Minimum fee
Inward Documentary Collection Fee 0.15%  USD40
Settlement Fee USD25 N/A
Protest Fee USD30 plus

Cable​ USD30

N/A
Export Documentary Collection
Fee Charge Percentage Minimum fee
Outward Documentary Collection Handling Fee USD40 plus

handling fee

USD50

N/A
Outward Documentary Collection Commission 0.15% USD30
Protest Fee USD30 plus

Cable USD30

N/A
Investigation/ Inquiry Fee  USD15 N/A

Documentary Letter of Credit

Documentary Letter of Credit

Documentary Letter of Credit is a cross-border trade settlement, providing secure payment between exporters and importers. The exporter receives a payment guarantee and the importer receives a guarantee on receipt of the goods in accordance with the terms of the Documentary Letter of Credit. Customers who need to use the Documentary Letter of Credit service include exporters and importers of all kinds of goods.

  • Import
  • Export
Import Documentary Letter of Credit
Fee Charge Percentage Minimum fee
Issuance Fee 0.15% p.m. plus

Cable USD30

 USD40 plus cable USD30
Amendment Fee (Amount and Expiry​ Date) 0.15% p.m. plus

Cable USD30

USD40 plus cable USD30
Amendment Fee​ (Others)​ USD25 N/A
Cancellation Fee USD25 plus

Cable USD20

N/A
Reimbursement Fee USD40 (deducted from proceeds) N/A
Discrepancies Fee USD40 (deducted from proceeds) N/A
Settlement Fee 0.15% plus

Cable USD20

USD20 plus

​ Cable USD20

Export Documentary Letter of Credit
Fee Charge Percentage Minimum fee
Advising Fee USD20 N/A
Advising Amendment Fee USD20 N/A
Confirmation Charge 0.15% p.m. plus

Cable USD50

 USD40 plus

Cable USD50

Transferable Documentary Letter of Credit 0.15% p.m. plus

Cable USD30

USD40 plus

Cable USD30

BANK GURANTEE

BANK GURANTEE

BANK GURANTEE is a letter issued by the bank to guarantee payment on behalf of the customer (applicant) a certain amount stated in the letter of guarantee to the beneficiary when the beneficiary files a proper claim. ARDB offers several guaranteed services such as:

  • Bid Guarantee
  • Performance Bond
  • Advance Payment Guarantee
  • Warranty Bond
  • Shipping Guarantee
Bank Guarantee
Fee Charge Percentage Minimum fee
Shipping Guarantee Issuance Fee (Under LC Issued by ARDB) USD40 N/A
Issuance Fee 0.15% p.m. USD40
Amendment Fee (Amount and Expiry Date) 0.15% p.m. USD40
Amendment Fee (Others) USD30 N/A
Cancellation Fee USD40 N/A
Payment of Claim/Drawing (Deduct from Beneficiary) 0.15% USD40
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