Code specifying the identification of an allowance or charge.
Code
Description
1
Handling commission
Fee for the processing of documentary credit, collection and payment which are charged to the customer.
2
Amendment commission
Fee for amendments in documentary credit and collection business (not extensions and increases of documentary credits).
3
Acceptance commission
Fee for the acceptance of draft in documentary credit and collection business which are drawn on us (also to be seen as a kind of 'guarantee commission').
4
Commission for obtaining acceptance
Fee for obtaining an acceptance under collections on the basis of 'documents against acceptance'.
5
Commission on delivery
Fee for delivery of documents without corresponding payment.
6
Advising commission
Fee for advising documentary credits (charged also in case of confirmed credits).
7
Confirmation commission
Fee for confirmation of credit.
8
Deferred payment commission
Fee for the deferred payment period under documentary credits confirmed by bank. This fee are charges for the period from presentation of the document until due date of payment.
9
Commission for taking up documents
Fee charged to the foreign bank for the processing of documentary credit.
10
Opening commission
Fee for opening revocable documentary credit.
