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Documentary operations

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Fees:

Please review the Bank’s fees for transactions with letters of credit:

Type of service

Fee rate (Note: the fees remain fixed irrespective of the currency of the transaction)

For import letters of credit

Opening of a letter of credit

0.2 % min. 100 AZN

Review of documents (per documentation pack)

0.1 % min. 50 AZN

Inquiry to foreign banks following inconsistency in documents

20 AZN

Transfer of funds under a letter of credit (per transfer)

0.1 % min. 20 AZN max. 300 AZN

Increase of amount (of the amount of increase)

0.2 % min. 50 AZN

Modification of terms or cancellation of a letter of credit (except for the increase of the amount)

50 AZN

For export letters of credit

Notification of a letter of credit (without confirmation of the Bank)

0.1% min. 50 AZN

Notification of a letter of credit (with confirmation of the Bank)

1.5 % per annum min 50 AZN (for every complete or incomplete quarter)

Review of documents (per documentation pack)

0.1% min 50 AZN

Inquiry to foreign banks following inconsistency in documents

20 AZN

Transfer of a letter of credit

0.1% min. 50 AZN

Increase of amount of a letter of credit (without confirmation of the Bank)

0.1% min. 50 AZN

Increase of amount of a letter of credit (with confirmation of the Bank)

1.5 % per annum min 50 AZN (for every complete or incomplete quarter)

Modification of terms or cancellation of a letter of credit (except for the increase of the amount) (*)

50 AZN

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