Documentary operations
Letters of credit
Commercial, Reserved Stand-by, Confirmed/Unconfirmed, Revocable/Irrevocable
Tariffs
- Please review the Bank’s fees for transactions with letters of credit
For import letters of credit
| Type of service | Fee rate (Note: the fees remain fixed irrespective of the currency of the transaction) |
|---|---|
| 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
| Type of service | Fee rate (Note: the fees remain fixed irrespective of the currency of the transaction) |
|---|---|
| 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 |