1st july 2014 to 31st dec 2014 - citi.com · * clearing * collection * prepaid card services ......

1st July 2014 to 31st Dec 2014

Citibank N.A. Pakistan

Trade Services

IMPORTS

* LC Opening Commission* LC Amendments Commission* Bills under LC’s* Endorsement/Certification* Import Payment Retirement Service Charges* Imports on Consignment (Contract) Basis* Import Document Handling* Confirmation Commission* LC Cancellation Charges* Credit Report Charges

EXPORTS

* LC Advising/Amendment/Confirmation* Export LC Transfer/Reimbursement* Restricted Letter of credit* Collection* NOC Issued/DOCS Transferred* Freight-Subsidy Processing* Handling of Other Subsidy Applications* Credit Report Charges

INLAND BILLS (EXPORT)

GUARANTEES

* Shipping Guarantees* Other Guarantees* Back to Back* Legal Charges* Expired Guarantee* Service Charges for Claims by Beneficiary

Contents Citibank N.A. Pakistan

Cash Services

* Remittances (FCY)* Remittances (LCY)* Standing Instructions* Mannually Initiated Funds Transfer* Cheque Purchase* Clearing* Collection* Prepaid Card Services* Commercial Card Services* Miscellaneous* Electronic Disbursement* Easy Pay Corporate Services* Third Party Payment For Worldlink Customer/

other Bank* Time Deposit* Duplicate Statement of account* Cheque Book Issuance* IPS – Investor Portfolio Securities Accounting

Other Services* Term Finance Certificate* Sale and Purchase of Securities

& safe custody* Securities Services

Miscellaneous:* Stock Inspection of Customers* Market/Trade Checking Done* Cash Access via 3rd Party* Miscellaneous Certificates/Letters

Contents Citibank N.A. Pakistan

Contents

* Retrieval of Documents* Foot Note (Glossary)* Local Mail (Ordinary) within Pakistan* Foreign Mail (Ordinary) Through Post Office* International Registered Mail* Product Wise Local/Foreign/Postal Charges* International Courier Service* Courier Service within Pakistan* Note:* List of Branches:


ImportsA. LC OPENING COMMISSION

Trade Services

B. LC AMENDMENTS COMMISSIONRs. 1500/- per amendmentfor amendments otherthan increase in amountor extension in period ofshipment, if amendmentinvolves: increase/extension then chargesas per ‘A’

C. BILLS UNDER LC’SBill under the above LCs to Min. Rs. 1,500/- per billbe charged at the time ofretirement of bill.

a) Documents returned unpaidunder letters of credit Rs. 500/-

Note:In the case of usance import bills, bank will chargecommission upto the rate of 0.20% per month withminimum Rs. 500/- for the period beyond the validity ofthe letter of credit. In other words, if the usance is coveredby a letter of credit period for which commission as per(A) above has already been recovered no extracommission upto the rate of 0.20% will be charged.

D. ENDORSEMENT/CERTIFICATIONAirway bill endorsement Rs. 3000/- Flat

E. IMPORT PAYMENTRETIREMENT SERVICECHARGES (FCY Bills) 0.10% on Rupee value

Min. Rs. 1500/-

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0.50% for first quarter or part thereof;0.25% for each subsequent quarter or part thereof;Min. Rs. 2500/-


Trade Services

F. IMPORTS ONCONSIGNMENT (CONTRACT)BASIS

a) Contract RegistrationCommission 0.25% Flat Min. Rs. 1,500/-

b) Contract Amendment Rs. 1500/- per amendmentCommission for amendment other than

increase in amount if amendment involve increase then chargesas per ‘a’

c) Document received Rs. 1500/- per documentagainst contract

G. IMPORT DOCUMENT HANDLINGAgainst FCY Demand Draft/TT 0.1% without LC / Contract. Min Rs. 3,000/-

H. CONFIRMATION : Case to case basisCOMMISSION

I. LC CANCELLATION : Rs. 1,500/- Flat plus actual CHARGES telex charges

J. CREDIT REPORTCHARGES : Actual cost plus

Rs. 1,000/-handling charges

Note:a) Collecting agent’s charges, will be extra if the

collecting bank is another bank.b) Telex/Phone Call charges will be extra, if status of

the instrument is asked for by telex/Phone.

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ExportsA. LC ADVISING/AMENDMENT/CONFIRMATION1) Advising: Rs. 2,500/-2) Amendments: Rs. 1,000/-3) Confirmation/Acceptance Case to case basis or as per

arrangement with correspo-dent bank

B. EXPORT LC TRANSFER/REIMBURSEMENTPAYMENT

1) Transfer of export LC. Rs. 1500/- per trans-fer plus applicabletelex/courier charges

2) Reimbursement Payment to Min. Rs. 500/-other banks from nonresi-dent rupee account :

C. RESTRICTED LETTER OF CREDITIf the documents are sent to Rs. 750/-other local bank for negotiationunder restricted letter of credit:

D. COLLECTION1) Clean export collection Rs. 750/-

per collection

2) Documentary export collection Rs. 1,000/-per collection

3) Handling of duty drawback claims 0.25% minRs. 200/-

4) Service charges for export 0.13%proceeds

E. NOC ISSUED/DOCSTRANSFERRED Rs. 1,000/-

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F. FREIGHT-SUBSIDYPROCESSING Rs. 80/- per case or

as per existingregulations

G. HANDLING OF OTHERSUBSIDY APPLICATIONS 0.25% min Rs. 500/-

per application

H. CREDIT REPORT CHARGES actual cost plus Rs. 1,000/- handling charges

INLAND BILL (Export)Documentary bills (with orwithout LC’s) within Pakistan.

1) SightBill (Negotiation) Commission 0.30% flat,

Min. Rs. 500/- for eachbill and Mark-down onadvance (Negotiation)@ as per arrangementwith customer.

2) UsanceBill (Discounting) Commission 0.30% flat

Min. Rs. 1500/- for eachBill and Mark-downon advance (Discounting)@ as per arrangementwith customer.

3) NoteMark-down if the bill isnot paid on Maturity, forthe overdue period@ as per arrangementwith Customer.

4) Documentary Collection 0.30% Collection Com-(Inland) mission Min. Rs. 1,500/-

to be recovered uponrealization ofproceeds.

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GuaranteesA. SHIPPING GUARANTEES

Guarantees issued to Rs. 3000/- Flatshipping companies inlieu of Bills of Lading:

B. OTHER GUARANTEES1) Guarantee Issuance 0.50% per quarter or part

thereof Min. Rs. 3000/- p.aor part thereof

2) Amendment other thanincrease in amount orextension in period Rs. 2000/- per amendment

C. BACK TO BACKa) Guarantee issuance: 0.50% per quarter or part

thereof Min USD 500/-p.a. or part thereof inclusiveof correspondence chargesor as per arrangement withcorrespondent bank

b) Amendment other than USD 50/- flat Inclusivean increase in amount of correspondenceor extension in period charges

D. LEGAL CHARGES Actual

E. EXPIRED GUARANTEEGuarantee charges will continue till original guarantee is returnedto the bank (will be recovered quarterly basis)

F. SERVICE CHARGES FOR CLAIMS BY BENEFICIARYRs. 1000/- flat plus out of pocket expenses

NOTE:-

Citibank provides Electronic Banking, Investment Banking, TradeFinance, Customised Cash Management solutions, Financial AdvisoryServices, and Commercial transactions. Fees and other chargesmaybe recovered on a case to case basis. Charges for Global CashManagement Customer will be as per arrangement.

Telex / Postage Charge shall be Levied as per schedule.Banking Services and Financing facilities are subject to taxes, dutiesand levies as imposed by the government from time to time.

Trade Services

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Cash Services

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A. REMITTANCES (FCY)

1) Per Outward Remittance*

Demand Draft/T.T. ** Rs. 500 per item

*Telex charges also apply as per schedule on pg 16

**In case of foreign remittances, correspondent bank charges will be

deducted as per actuals.

2) Inward Remittance:

a) If the proceeds are

credited to an account with

i) Another bank: 5% of the amount or Min

Rs.500/- Max. Rs. 10,000

ii) Citibank branches: Nil

b) Home remittance Nil

B. REMITTANCES (LCY)

1) Payorder Rs. 500/- Flat

2) Demand Drafts for Citibank 0.10% of the amount

location or Min. Rs. 500/-

3) Demand Drafts for non 0.30% of the amount

Citibank Locations or Min. Rs. 500/-

4) Postage on Drafts As per schedule on pg 16

C. STANDING INSTRUCTIONS Product charges plus

Standing instructions charges Rs. 250/- per transaction

will be recovered in addition to

usual charges on remittances

etc, if any: (not applicable for

Paylink, Speed Collect accounts

and inter Branch accounts).


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D. MANUALLY INITIATED Rs. 500/- per transaction

FUNDS TRANSFER

(MIFT) CHARGES

E. CHEQUE PURCHASE*

1) Local Currency Outstation

Cheques

a) Annual Volume less 1.1% of the amount or

than Rs. 15 million Min. Rs. 400/-

(per customer).

b) Annual Volume more 0.25% of the amount or

than Rs. 15 million Min. Rs. 300/-

(per customer).

2) For Cheques drawn on banks 0.60% of the amount or

(other than Citibank) in cities Min. Rs. 500/-

where Citibank has branches:

3) For Cheques drawn on Citibank 0.3% of the amount

Branches in Pakistan or Min. Rs. 300/-

a) Drafts/Clean Cheques drawn 0.5% of the amount or

on Citibank N.Y Min Rs. 500/-

b) Drafts/ Clean Cheques drawn 1.0% of the amount or

on other than Citibank N.Y Min. Rs. 500/-

* Subject to internal credit approvals

F. CLEARING Rs. 100/- Flat

a) Cheque returned (Outgoing

Clearing) or over the counter.

No charge for cheques returned

on the basis of signature

difference and stop payment:


b) Return clearing charges Rs. 200/- Flat

(Incoming Clearing).

No charges for cheques

returned on the basis of signature

difference and stop payment:

c) Cheque returned for Rs. 200/-

Speed Collect accounts

d) Same day Outgoing Clearing: Rs. 120/- per cheque

G. COLLECTION

1) Foreign Currency

a) Cheques deposited in account:

Rs. 500/- Flat Plus Postage/Telex as per schedule

b) TCs sent for collection 0.2% of the amount

or Min. Rs. 600/-

Max. Rs. 5,000 (or

equiv. in foreign currencies)

2) Local Currency

a) Cheques deposited in account (Inland)

Citibank/NIFT Locations Rs. 200/-

Other Locations 0.2% of the amount or

Min. Rs. 200/-

3) Foreign Demand Draft/Cheque/PO

sent for collection returned unpaid Rs. 1,000/- + telex charges

4) Local Demand Draft/Cheque/PO

sent for collection returned unpaid: Rs. 300/- per collection

H. PREPAID CARD SERVICES

This facility is offered only to our corporate clients.

Corporate Charges Cost (Rs.)

Card Issuance 250

Shipping 50 (or as per invoice)

Loading 500

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Cash Services

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Card Holder Fees

Monthly Maintenance 50

(on inactive accounts)

ATM withdrawal (Domestic) 15 (Minimum of Rs. 15 or as per

bank’s ATM charges whichever

is higher)

Replacement of Lost card 200

Balance inquiry at ATM 15 (Minimum of Rs. 15 or as per

bank’s ATM charges whichever

is higher)

Account Closure (Card Cancellation) 200

I. COMMERCIAL CARD SERVICES

Annual Fee: PKR 6,000

Transaction Fee: 2% of the amount

International Transaction Fee: 4% of the amount

Cash Advance/ATM Fee: 4% of the cash advance

amount or PKR 500 whichever

is the greater.

Return Payment Fee: PKR 4,000

Purchasing Card: Pricing to be provided upon

request

Virtual Card Account (VCA) Fee: Pricing to be provided upon

request

Late Payment Fee: 4% of the outstanding balance

on which payment is due will be

charge each month until paid in

full.

Card Design/Logo: Pricing to be provided upon

request

Card Pull Request: Pricing to be provided upon

request

Project Implementation Costs: PKR 800,000

Citi Bank Management Information Rs. 500,000

System (CCRS)

Raw Data/Flat File Feed: Pricing available upon request

Central Travel Account/Travel Pricing available upon request

Agency Data:


J. MISCELLANEOUS

1) Hold Mail Rs. 1000/- per Quarter

2) Issuance of Counter Cheque Rs. 300/- per cheque

3) Issuance of SBP Cheque Rs. 450/- per cheque

only for Financial Institutions

settlement transactions

4) Issuance of duplicate Proceeds Rs. 550/- per certificate

Certificate (with SBP approval)

5) a) Cancellation of LCY DD and MC Rs. 300/-

b) Cancellation of FCY DD: $ 15 or equivalent PKR

6) Stop Payment of Cheques Rs. 400/- per each stop payment

Drawn on us:

7) Cash Withdrawal:

i) Deduction of withholding tax WHT will apply as imposed

(WHT) on cash withdrawal by the government from

transaction time to time.

8) FCY DD Inquires / Copy request $ 10 or equivalent PKR

(with Drawee Bank)

K. ELECTRONIC DISBURSEMENT

1) Stop payment for Paylink Rs. 100/- Flat

MC and DD:

2) Cancellation of Pay link MC Rs. 50/- Flat

3) Cancellation of Pay link DD Rs. 100/- Flat

4) Local courier charges for Actual courier

Paylink charges

5) Old Records retrieval charges Statement of a/c:

* For current year or previous 12

months, Rs. 1000/- per month.

* Over 1 year and up to 5 years,

Rs. 3,000/- per month.

* Over 5 years up to 10 years,

Rs. 5,000/- per month.

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6) Duplicate Advices Collected within:3 months: Rs. 50/- per advice3-12 months: Rs. 100/- per adviceover 1 year: Rs. 300/- per advice

Note:The price per cheque excludes government taxes and duties.

THE ABOVE PAYLINK INSTRUMENT CHARGES EXCLUDE ALLAPPLICABLE GOVERNMENT TAXES AND DUTIES.

L. EASYPAY CORPORATE SERVICES:Annual Charges: Rs. 2,400/- to 25,000/-

(Depending on number oftelephone lines)

M. THIRD PARTY PAYMENTFOR WORLDLINK CUSTOMER / OTHER BANK

i) Pay Order Rs. 200/: Flatii) Draft for Citibank locations 0.20% of the amount or Min. Rs. 500/-iii) Draft for non- Citibank locations 0.30% of the amount or Min. Rs. 500/-

Note: For cancellation, duplicate advice, stop payment and oldrecord retrieval, the charges mentioned in section ‘H ElectronicDisbursement’ would apply.

Note:Citibank provides Electronic Banking, Investment Banking, Trade Finance,Customised Cash Management solutions, Financial Advisory Servicesand Commercial transactions. Fees and other charges may be recoveredon a case to case basis. Charges for Global Cash Management Customerwill be as per arrangement.

Telex / Postage Charge shall be Levied as per schedule.Banking Services and Financing facilities are subject to taxes, dutiesand levies as imposed by the government from time to time.


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N. TIME DEPOSIT

Any premature encashment of a term deposit shall be subject

to the following:

Pre encashment Penalty = Replacement Cost of funds + Cash Reserve

Requirement (CRR) Cost (Applicable only for term deposits origianlly

placed for one year or above)

1) Replacement Cost of fund will be calculated on Citi internal

money market rates basis.

2) CRR Cost will be calculated on the basis of Cash Reserve

Requirements as set by the State Bank of Pakistan at the time

of pre encashment. This is only applicable for term deposits which

are booked for a year or above but are pre encashed before one

year.

3) There will not be any profit adjustment for the period your deposit

stays with us. You will get your profit on the same rate that your

term deposit was placed with us. Only the pre-encashment charge

will be deducted form the accumulated profit (net of taxes)

4) For foreign currency time deposit:

- Zero or CTGL*** (Offer side) whichever is higher, on the

date of early termination minus the Applicable Rate whichever

in higher. The applicable CTGL*** will be that of the remaining

tenure (nearest quoted tenure) on the date of such early

termination.

*** CTGL (Citibank London Rates)

Please note that the terms and condition stated above are applicable

to all time deposits accepted under the said conditions.

The premature encashment cost/charge is levied to recover the fund

replacement cost incurred by the Bank due to early encashment of

time deposit.

O. DUPLICATE STATEMENT OF Rs. 35/- per statement

ACCOUNT

P. CHEQUE BOOK ISSUANCE

1. First Cheque book issuance Free of charge

2. New Cheque Book issuance Rs. 10/- per leaf + Govt.

taxes


Q. Investor Portfolio Securities (IPS) Accounts

1) IPS Account Opening Charges : Rs. 1,000

2) Transaction Changes : Rs. 200 / transaction

3) Safekeeping Charges/Stamp Duty : Rs. 1,000 annually

Legal Fee

R. FED will be charged on all the Bank Commissions

imposed by the government from time to time.

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A. TERM FINANCE CERTIFICATE1) Safekeeping charges 1% p.a.2) Registration charges 0.25% p.a.

Min. Rs. 1,250/-3) For registration outside Actuals

Karachi the courier and in-surance charges

4) Stamp Money ActualsB. SALE AND PURCHASE OF SECURITIES AND SAFE

CUSTODY.1) Sales and Purchase of 0.125% on the First

Securities Rs. 10,000/- of PurchasePrice of Cost thereof0.0626% on amountexceeding Rs. 10,000/-

Floatation A/c of Shares for Rs. 20,000/- or 0.5% ofCustomers: the subscription amount

whichever is higherNote:i) These charges are in addition to brokerage.ii) Commission is not to be recovered on Purchase on

newly Floated Securities, where it is payable by thegovernment, Government Agencies, and from theSubscribers to new Share Floatation.

iii) When Order for Purchase or Sales of Securities areexecuted through the Bank’s other Offices, all inci-dental Expenses such as Postage, InsuranceCharges, etc. Incurred will be recovered in additionto the commission/Brokerage Charged.

C. SECURITIES SERVICESCustodial Services offered to local and non-residentCustomers include the following, as appropriate:i) Settlement.ii) Safekeeping.iii) Income collection and distribution.iv) Corporate action.v) Registration.vi) Foreign Exchange (in conformance with local

regulations).a) Transaction fee: Based on value/volume

Safekeeping charges Based on asset value.Stamp duty, legal fees,

Other Services

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Central depository company Based on actualsCharges and other expenses:Outward funds transfer Rs. 500/-(Securities Related transaction)

b) GDR / ADR Conversion Fee $ 0.15 per 100Shares Payable in PakRupees

D. MISCELLANEOUS1) Stock Inspection of Cus- Actuals per inspection

tomers:2) Market/Trade Checking done Actuals + Rs. 1,000/-

on behalf of Customers handling charges

3) Cash access from bank Rs. 100/- per transactionvia third party for bank account

4) Miscellaneous/Balance Rs.1,000/- FlatCertificate

5) Retrieval of Documents(a) Paid cheque/Fund Transfer Doucmentsi) Within 1 year Rs. 1,000/-

per cheque/documentii) Between 1-3 years Rs. 2,000/-

per cheque/documentiii) More than 3 years Rs. 3,000/-

per cheque/document

GLOSSARYLC = Letter of CreditMC = Managers ChequePO = Pay OrderMT = Mail TransferTC = TravelersChequesDD = Demand DraftFCY = Foreign CurrencyLCY = Local CurrencyTT = Telegraphic TransferPIB = Pakistan Investment BondEquiv. = Equivalent

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Other Services Citibank N.A. Pakistan

A. LOCAL MAIL (ORDINARY) WITHIN PAKISTANRs. 8.00 upto 20gm LettersRs. 15.00 upto 50gm “Rs. 20.00 upto 100gm “Rs. 30.00 upto 250gm “Rs. 40.00 upto 500gm “(For over please contact us)Domestic Registered Mail for General Users Rs: 20.00

B. FOREIGN MAIL (ORDINARY) THROUGH POSTOFFICE

Weight up to For all countries For India For Indonesia For BangladeshRs. Rs. Rs. Rs.

20gm 55.00 28.00 38.00 23.0050gm 100.00 44.00 60.00 35.00

100gm 170.00 69.00 94.00 55.00250gm 390.00 158.00 213.00 125.00500gm 740.00 269.00 400.00 235.00

1000gm 1350.00 523.00 706.00 415.002000gm 2470.00 914.00 1233.00 725.00

International Registered Mail(1) For every Letter mail article Rs. 100.00

e.g. If an envelope of 20gm sent through registered mail followingwould be the applicable charges. Rs. 155.00 per 20gm envelopeC. PRODUCT WISE LOCAL/FOREIGN/POSTAL

CHARGESManager Cheques Rs. 20.00DD and Advice Rs. 20.00ICs LCY Rs. 50.00IBs Rs. 20.00Any Bank Instrument- For USA Rs. 50.00- Other than USA Rs. 25.00Telegram Inland Rs. 30.00Short Telex Charges Rs. 1500.00Full telex Charges/LC’s Rs. 2500.00

D. INTERNATIONAL COURIER SERVICE*Int’l Courier Charges Rs. 1500/- per document

upto 500 gmThe above charges are inclusive of Sales Tax.

E. COURIER SERVICE WITHIN PAKISTAN*Domestic (Nationwide)(Next Day Delivery) Rs. 100/- 500 gms Envlp

Local (Within City)(Next Day Delivery) Rs. 30/- 500 gms Envlp

* Subject to revisions by courier companies.

Other Services

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Note

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Telex / Postage Charge shall be levied as perschedule.

Banking services and financing facilities are subjectto taxes, duties and levies as imposed by thegovernment(s) from time to time.

Citibank provides Electronic Banking, InvestmentBanking, Trade Finance, Commercial transactions,Cash Management Services and Financial AdvisoryServices. Fees and other charges may be recoveredon a case to case basis.

Citibank may, in its sole discretion, give full orpartial discount/exemption from payment of anyfee(s) /charge(s) as mentioned in this Schedule ofBank Charges subject to the condition that Citibankshal l have the r ight to wi thdraw suchd i s c o u n t / e x e m p t i o n w i t h o u t g i v i n gcustomer/account holder any further notice.

This Schedule of Charges is subject to such termsand conditions which are applicable to the bankingservices and financing facilities provided byCitibank. Further this schedule shall be considereda part of above referred terms and conditions.


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Citibank N.A.

AWT Plaza, I.I. Chundrigar Road, P.O. Box 4889, Karachi - 74200.

Tel : (021) 111-999-999 Fax : (021) 32638208

Citibank N.A.

94, West, Aamir Plaza, Jinnah Avenue, Blue Area, P.O. Box 1815, Islamabad.

Tel : (9251) 207-2000 Fax : (9251) 282-1353

Citibank N.A.

5th Floor, EFU House, Jail Road, Lahore.

Tel: (042) 111-999-999