Terms & conditions

For correspondent 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 currencyEUR
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/individualsfree
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 to25,--2,50
for amounts up to1.000,--10,--
for amounts up to10.000,--12,50
for amounts exceeding10.000,--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 requests9,50
d) researches on demand of customers or banks35,--
2. Cheques drawn:
a) to the order of Banksfree
b) to the order of firms/individualsfree
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 to250,--10,--
for amounts up to2.500,--12,50
or amounts exceeding2.500,--1,5min. 25,00per 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 advice1,0min. 110,--max. 300,--
b) adding our confirmation
charges on request, depending on the rating additional service charge for each confirmation75,--
c) for each payment125,--
4. Domiciliation with us of bills of exchange in EUR or foreign currency0,5min. 50,--
II. Documentary Collections in EUR or foreign currency
1. Against payment or acceptance1,5min. 125,--
In case the acceptance is to be held with us for collection, the collection will be free of charges.
2. Amendment of collection instructions100,--
3. Goods forwarded to us or placed at our disposal:Additionally to the collection commission as under II. 11,5min. 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 order1,5min. 125,--
b) without previous collection order1,5125,--
III. Presentation of drafts for acceptance, collection of clean acceptances, clean drafts and cheques
1. Presentation for acceptance to non-bankers
This commission will not be charged if the bill of exchange remains with us for collection.
1,5min. 125,--
2. Collection of clean acceptances and drafts1,5min. 125,--
3. Immediate credit (under usual reserves) of cheques in EUR drawn on banks in Germanyfree
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 usfree
5. Credit after collection of cheques in EUR or foreign currency drawn on other banks in Germany1,5min. 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 collection1,5min. 125,--
2. Protested bills1,5
V. Documentary credits and guarantees in EUR or foreign currency
1. Advising commission for documentary credits or guarantees1,0min. 110,--max. 300,--
2. Preadvicing a documentary credit on the strength of cable / telex Messages125,--
3. Confirmation commission for documentary credits and guarantees confirmed by us:
Charges on request, depending on the Rating
Additional service charge for each confirmation125,--
- 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 documents1,5min. 110,--
lf, however, all charges are for opener's account3,0min. 220,--
6. Amendment commission110,--
per amendment
7. Supervisory commission
(deferred payment of credits not confirmed by us)
1,0min. 110,--max. 300,--
8. Discrepancy fee (for each set of documents presented with discrepancies)150,--
Vl. EUR accounts
1. Maintenancefree
2. Statementsfree
3. Credit interest ratenil
4. Debit interest rateMarginal Lending Rate published by the
European 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 December 1st, 2014.