Terms & conditions
For corresponding banks.
This edition of our terms and conditions, applicable to foreign banks, supersedes all previous issues.
| I. Payments to the debit of EUR-accounts and payments for which cover will be remitted either in EUR or foreign currency | EUR | |
| 1. Payments | ||
| a) to banks (domestic) | free | |
| to banks (via TARGET) | 2,-- | |
| Payments in connection with Money Market or Foreign Exchange operations are subject to special agreement | ||
| b) to firms/individuals as well as to banks in Germany in favour of firms/individuals | free | |
| Charges are for account of beneficiary. |
lf, however, payment to the beneficiary is requested without deduction of charges, our commission per item will be:
| EUR | ||
| for amounts up to | 25,-- | 2,50 |
| for amounts up to | 1.000,-- | 10,-- |
| for amounts up to | 10.000,-- | 12,50 |
| for amounts exceeding | 10.000,-- | 25,-- |
For payment orders via S.W.I.FT the S.WI.F.T..-rule will apply that in the absence of field 71 A in MT 103 charges are for account of beneficiary. Please note: SEPA-Payments (in Euro, only STP-Payments handed as share - from EU-countries, Switzerland, Norway, Iceland and Liechtenstein) are free of charge.
| c) manual interventions for corrections and requests | 9,50 |
| d) researches on demand of customers or banks | 35,-- |
Bank to Bank payments |
|
| e) Charges for OUR payments are accepted up to a maximum amount of EUR 30 or equivalent |
| 2. Cheques drawn: | |
| a) to the order of Banks | free |
| b) to the order of firms/individuals | free |
Charges are for account of the beneficiary. lf, however, payment to the beneficiary is requested without deduction of charges, our commission will be:
| EUR | ||
| for amounts up to | 250,-- | 10,-- |
| for amounts up to | 2.500,-- | 12,50 |
| or amounts exceeding | 1,5 | min. 25,00 per cheque |
| 3. Reimbursement on ourselves to the debit of the accounts of foreign banks, e.g. under documentary credits | ||
| a) advising (without our engagement), for each advice | 1,0 | min. 110,--max. 300,-- |
| b) adding our confirmation | ||
| charges on request, depending on the rating additional service charge for each confirmation | 75,-- | |
| c) for each payment | 125,-- | |
| 4. Domiciliation with us of bills of exchange in EUR or foreign currency | 0,5 | min. 50,-- |
| II. Documentary Collections in EUR or foreign currency | ||
| 1. Against payment or acceptance | 1,5 | min. 125,-- |
| In case the acceptance is to be held with us for collection, the collection will be free of charges. | ||
| 2. Amendment of collection instructions | 100,-- | |
| 3. Goods forwarded to us or placed at our disposal:Additionally to the collection commission as under II. 1 | 1,5 | min. 150,-- |
| We do not take delivery of such goods, but release them when documents are taken up. | ||
| 4. Delivery of documents free of payment | ||
| a) following an amendment of a previous collection order | 1,5 | min. 125,-- |
| b) without previous collection order | 1,5 | 125,-- |
| III. Presentation of drafts for acceptance, collection of clean acceptances, clean drafts and cheques | ||
| 1. Presentation for acceptance to non-bankersThis commission will not be charged if the bill of exchange remains with us for collection. | 1,5 | min. 125,-- |
| 2. Collection of clean acceptances and drafts | 1,5 | min. 125,-- |
| 3. Immediate credit (under usual reserves) of cheques in EUR drawn on banks in Germany | free | |
| 4. Immediate debit of our account with our correspondent - as and if agreed upon - of cheques in the currency of the aforementioned account drawn on us | free | |
| 5. Credit after collection of cheques in EUR or foreign currency drawn on other banks in Germany | 1,5 | min. 25,-for each cheque |
| (These charges will be debited to the foreign bank even in the event of instructions prescribing that the collection should be made free of charges). |
| IV. Returned items | ||
| 1. Unpaid documents for collection, cheques, unprotested bills and other items for collection | 1,5 | min. 125,-- |
| 2. Protested bills | 1,5 | |
| V. Documentary credits and guarantees in EUR or foreign currency | ||
| 1. Advising commission for documentary credits or guarantees | 1,0 | min. 110,--max. 300,-- |
| 2. Preadvicing a documentary credit on the strength of cable / telex Messages | 125,-- | |
| 3. Confirmation commission for documentary credits and guarantees confirmed by us: | ||
| Charges on request, depending on the Rating | ||
| Additional service charge for each confirmation | 125,-- | |
| - Additionally to the advising commission as under V,1 - | ||
| 4. Deferred payment commission from date of presentation of documents (credits confirmed by us) | ||
| Charges on request, depending on the Rating | ||
| 5.Taking up of documents | 1,5 | min. 110,-- |
| lf, however, all charges are for opener's account | 3,0 | min. 220,-- |
| 6. Amendment commission | 110,--per amendment | |
| 7. Supervisory commission(deferred payment of credits not confirmed by us) | 1,0 | min. 110,--max. 300,-- |
| 8. Discrepancy fee (for each set of documents presented with discrepancies) | 150,-- | |
| Vl. EUR accounts | ||
| 1. Maintenance | free | |
| 2. Statements | free | |
| 3. Credit interest rate | nil | |
| 4. Debit interest rate | Marginal Lending Rate published by theEuropean Central Bank |
| VII. Other charges |
| Other charges on request. |
| Postage, telephone and cable charges, messenger fees, out-of-pocket expenses as well as any other correspondents' charges are to be paid additionally. |
The terms and conditions are subject to change without notice. Effective as of July 1st, 2019.
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