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3.6. Guarantee operations




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Service description
Tariff
3.6. Guarantee operations (including bank guarantees and Stand-by letters of credit)  
3.6.1. Issue of a guarantee /Stand-by letter of credit:  
3.6.1.1.    - at 100% coverage 0.15% from the amount, min $ 100, for a period of 3 months or any part thereof
3.6.1.2.    - on other conditions Negotiable
3.6.2. Confirmation of a Stand-by letter of credit:  
3.6.2.1.    - at 100% coverage 0.15% from the amount, min $ 100, for a period of 3 months or any part thereof
3.6.2.2.    - on other conditions Negotiable
3.6.3. Change of the conditions of a guarantee /Stand-by letter of credit, including increase of the amount and/or prolongation thereof $ 50
3.6.4. Inspection of documents, payment on a guarantee /Stand-by letter of credit 0.15% from the amount of payment, min $ 50, max $ 3000
3.6.5. Cancellation of the guarantee /Stand-by letter of credit prior to expiry (at the request of the correspondent bank) $ 50
3.6.6. Advising of a guarantee /Stand-by letter of credit:  
3.6.6.1.    - in favour of beneficiaries – customers of the Bank of Moscow 0.15% from the amount, min $ 50, max $ 1000
3.6.6.2.    - to the second advising bank 0.15% from the amount, min $ 50, max $ 250
3.6.7. Advising of changes in the conditions of the guarantee /Stand-by letter of credit $ 50
3.6.8. Claiming of payment under a guarantee /Stand-by letter of credit of another bank advised by the Bank of Moscow $ 100
3.6.9. Sending of a message related to a guarantee /Stand-by letter of credit of another bank not advised by the Bank of Moscow $ 150
3.6.10. Sending of a SWIFT (telex) message $ 5

Notes.
  1. Mail, commission and expenses of third party banks are charged additionally at actual cost.
  2. In case of increase of the amount / prolongation of a guarantee /Stand-by letter of credit the commission set in pp. 3.6.1., 3.6.2. is calculated taking into account the sum of the increase and prolongation of the letter of credit. At prolongation of the guarantee /Stand-by letter of credit within a three months' period for which the commission was already paid no additional fee in accordance with pp. 3.6.1.1., 3.6.2.1. shall be paid.
  3. In case the correspondent bank applies to the Bank of Moscow requesting inspection of the authenticity of the guarantee /Stand-by letter of credit of a third party bank directly addressed to the correspondent bank (its customer), the commission is charged according to p. 3.6.6.2.
  4. In case the commission is paid according to pp. 3.6.1.-3.6.10. in a currency other than that of the guarantee /Stand-by letter of credit, the commission amount shall be defined in view of the exchange rate (cross rate) of the foreign currency to the Russian rouble established by the Bank of Russia as of the date of debiting the commission from the account of the correspondent bank/date of the corresponding commission request of the Bank of Moscow drawn on the correspondent bank.
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