Terms and Conditions for Correspondent Banks

5.1.1.

Loro accounts

5.1.1.1.

Opening a Loro account:

5.1.1.1.1.

in Belarusian rubles (BYN)

BYN 100.00

5.1.1.1.2.

in foreign currency

EUR 50

5.1.1.2.

closing a Loro account at correspondent bank's initiative:

The fee, provided for by sub-clauses 5.1.1.3, 5.1.3.1, 5.1.4.2 shall not be applied and is not withheld from correspondent banks from the moment of receipt from them of an application to close the Loro account.

The fee provided for by sub-clause 5.1.1.4 shall not be applied and collected from correspondent banks if an application for closing the Loro account is received from them during the reporting month.

5.1.1.2.1.

in Belarusian rubles (BYN)

BYN 300.00

5.1.1.2.2.

in foreign currency

EUR 100

5.1.1.3.

maintenance of a Loro account (charged monthly for each account):

Remuneration includes submission of statements.

The fee for maintaining a Loro account is payable in advance for the reporting month, including in case of zero balance and (or) in the absence of account movement:

at account opening – on the day of account opening for the current month;

in the course of maintaining a current account – on the first day of the current month for the current month.

If the account funds are insufficient or absent, the fee will be withheld not later than the business day following the day of receipt of on such account.

5.1.1.3.1.

in Belarusian rubles (BYN)

BYN 80.00

5.1.1.3.2.

in USD

USD 25

5.1.1.3.3.

in Russian rubles

RUB 2,500

5.1.1.3.4.

in Chinese yuan (CNY)

CNY 190

5.1.1.3.5.

in tenge (KZT)

KZT 12000

5.1.1.3.6.

in other currencies (including euro)

EUR 25

5.1.1.4.

Submission of credit/debit messages (letters of advice) for a Loro account:

per one message

The fee is collected for credit messages received through Nostro accounts of the Bank in favor of the correspondent bank and debit messages sent by the Bank in favor of the correspondent bank pursuant to the terms and conditions of the Correspondent Account Agreement, once a month on the last business day.

The amount is calculated based on the number of transmitted credit/debit messages (letters of advice).

In case of a single debit advice request by the correspondent bank, the fee is charged on the day of the transaction.

If there are no funds on an account or if account balance is insufficient, the fee for credit/debit messages (letters of advice) will be withheld not later than the business day following the day of receipt of funds on such account.

5.1.1.4.1.

in Belarusian rubles (BYN)

BYN 5.00

5.1.1.4.2.

in USD

USD 1.60

5.1.1.4.3.

in Russian rubles

RUB 140

5.1.1.4.4.

in Chinese yuan (CNY)

CNY 10

5.1.1.4.5.

in tenge (KZT)

KZT 700

5.1.1.4.6.

in other currencies (including euro)

EUR 1.40

5.1.2.

Submitting a copy of an account statement and a letter of advice (credit, debit), intermediate statement

EUR 7

5.1.3.

Bank transfers in Belarusian rubles

In the case of making a bank transfer via Telex channels on behalf of a correspondent bank an amount of BYN 50 will be additionally charged

5.1.3.1.

Customer and interbank transfers (payment orders of the МТ1ХХ, МТ2ХХ formats)

BYN 3.00

5.1.3.2.

Amending payment instructions or canceling payment orders

BYN 35.00

The specified fee is also charged to resident banks that use Loro accounts of non-resident banks opened with the Bank to perform settlements. Fees of third banks are charged additionally upon their presentation.

A fee is charged in cases where by the time amendments are received or payment order is canceled the Bank has fulfilled the initial payment order.

5.1.3.3.

Execution of a request from a correspondent bank (informing of the date when beneficiary account was credited)

BYN 25.00

5.1.4.

Bank transfers in foreign currency

In the case of making a bank transfer via Telex channels on behalf of a correspondent bank an amount of EUR 15 will be additionally charged

5.1.4.1.

 Customer transfers (payment orders of the MT1XX format):

5.1.4.1.1.

to credit funds to accounts of customers and institutions of the Bank:

5.1.4.1.1.1.

in EUR:

5.1.4.1.1.1.1.

received from the banks of the Republic of Belarus

1.9 % of payment amount

Fees shall not be applied for correspondent accounts of the National Bank and by order of the Belarusian Currency and Stock Exchange

5.1.4.1.1.1.2.

received from non-resident banks, the National Bank, the Belarusian Currency and Stock Exchange

EUR 1

5.1.4.1.1.2.

in Russian rubles

RUB 90

5.1.4.1.1.3.

in Chinese yuan (CNY)

CNY 7

5.1.4.1.1.4.

in tenge (KZT)

KZT 500

5.1.4.1.1.5.

in USD

USD 1

5.1.4.1.1.6.

in Indian Rupee

100 Indian Rupees

5.1.4.1.1.7.

in other currencies

EUR 1

5.1.4.1.2.

to credit funds to accounts of correspondent banks with the Bank:

5.1.4.1.2.1.

in EUR:

5.1.4.1.2.1.1.

to credit funds to the accounts of the Belarusian Currency and Stock Exchange

1.9 % of payment amount

Fee is not chargeable for the correspondent accounts of the National Bank.

5.1.4.1.2.1.2.

to credit funds to the accounts of correspondent banks (except for the Belarusian Currency and Stock Exchange)

EUR 3

5.1.4.1.2.2.

in Russian rubles

RUB 250

5.1.4.1.2.3.

in Chinese yuan (CNY)

CNY 30

5.1.4.1.2.4.

in tenge (KZT)

KZT 4,000

5.1.4.1.2.5.

in USD

USD 3

5.1.4.1.2.6.

in Indian Rupees

300 Indian Rupees

5.1.4.1.2.7.

in other currencies

EUR 3

5.1.4.1.3.

to credit funds to accounts with other banks:

5.1.4.1.3.1.

in US Dollars, Euro

20 units of currency

5.1.4.1.3.2.

in Russian rubles

RUB 2,000

5.1.4.1.3.3.

in Chinese yuan (CNY)

CNY 600

5.1.4.1.3.4.

in tenge (KZT)

KZT 10,000

An additional fee is charged by a correspondent bank

5.1.4.1.3.5.

in Indian Rupees

2,000 Indian Rupees

5.1.4.1.3.6.

in other currencies

EUR 20

5.1.4.2.

Interbank transfers (payment orders of the MT2XX format):

5.1.4.2.1.

to credit funds to accounts of correspondent banks with the Bank:

5.1.4.2.1.1.

in EUR:

5.1.4.2.1.1.1.

to credit funds to the accounts of the Belarusian Currency and Stock Exchange

1.9 % of payment amount

Fee is not chargeable for the correspondent accounts of the National Bank.

5.1.4.2.1.1.2.

to credit funds to the accounts of correspondent banks (except for the Belarusian Currency and Stock Exchange)

EUR 4

5.1.4.2.1.2.

in Russian rubles

RUB 350

5.1.4.2.1.3.

in Chinese yuan (CNY)

CNY 30

5.1.4.2.1.4.

in tenge (KZT)

KZT 2,000

5.1.4.2.1.5.

in USD

USD 4

5.1.4.2.1.6.

in Indian Rupees

400 Indian Rupees

5.1.4.2.1.7.

in other currencies

EUR 4

5.1.4.2.2.

to credit funds to accounts with other banks:

5.1.4.2.2.1.

in US Dollars, euro

9 units of currency

5.1.4.2.2.2.

in Russian rubles

RUB 1000

5.1.4.2.2.3.

in Chinese yuan (CNY):

5.1.4.2.2.3.1.

For residents of the Republic of Belarus:

CNY 500

5.1.4.2.2.3.2.

for foreign banks

CNY 1,000

5.1.4.2.2.4.

in tenge (KZT)

KZT 4,300

An additional fee is charged by a correspondent bank

5.1.4.2.2.5.

in Indian Rupees

900 Indian Rupees

5.1.4.2.2.6.

in other currencies

EUR 9

5.1.4.3.

Amending payment instructions:

5.1.4.3.1.

amending a payment instruction executed from a Loro account of a correspondent bank

EUR 20

A fee is charged in cases where by the time amendments are received or payment order is canceled the Bank has fulfilled the initial payment order.

5.1.4.3.2.

amending and adding a payment order credited via the Bank's Nostro correspondent account

EUR 20

Not applied to resident banks where Nostro correspondent accounts are opened in the name of the Bank.

The Bank sends a request for compensation of a fee to the correspondent bank with witch a Nostro account is opened.

5.1.4.4.

Cancellation (return) of a payment order:

When a fee is calculated, execution of a request submitted due to the Bank's mistake made in the course of transfer is not considered.

5.1.4.4.1.

executed via a Loro account of a correspondent bank

EUR 20

A fee is charged when by the time amendments are received or payment order is canceled the bank has fulfilled the initial payment order.

5.1.4.4.2.

credited via the Bank's Nostro correspondent account:

Not applied to resident banks where Nostro correspondent accounts are opened in the name of the Bank.

A fee is charged from the payment amount when a transfer is returned. A fee is withheld both when a request for cancellation (return) of a payment order is received from a correspondent bank, and when a customer refuses to receive funds, or after expiration of fund retention period on accounts intended for accounting funds on a temporary basis. A fee is not applied in case of cancellation (repayment) of pensions, alimonies, benefits and other social payments, if this purpose of payment is stated in the payment order.

5.1.4.4.2.1.

under payment orders from EUR 10.01 to EUR 100 inclusive in equivalent

EUR 5

5.1.4.4.2.2.

under payment orders from EUR 100.01 to EUR 1000 inclusive in equivalent

EUR 20

5.1.4.4.2.3.

under payment orders above USD 1000 in equivalent

EUR 40

5.1.4.5.

Execution of a request from a correspondent bank (informing of the date when beneficiary account was credited)

EUR 20

The Bank sends a request for compensation of a fee to the correspondent bank with witch a Nostro account is opened.

When a fee is calculated, execution of a request submitted due to the Bank's mistake made in the course of transfer is not considered.

5.1.5.

Safekeeping of funds on the Loro account in euros

1.1 % p.a. (on the assumption that there are 365/366 days in a year) of cash balance as of the end of every banking day exceeding EUR 100,000

Fee is not chargeable for the correspondent account of the National Bank.

The fee payment amount of 1.1 % p.a. is calculated for every calendar day based on the rate and balance of a correspondent account at the end of a banking day with allowance for funds received for crediting to a correspondent account after the time specified in the Correspondent Account Agreement and credited to such account on the following banking day (with value date being the previous banking day). The fee is charged on a monthly basis on the first business day of the month following the reporting month. The fee is neither applicable nor charged to correspondent banks if the terms of the Correspondent Account Agreements with them stipulate the subscription fee in Euros for Loro correspondent account, including the part expressed as a percentage per annum.

1 % of the amount of balance of the end of the last banking day of the reporting year

The fee of 1 % of the amount is chargeable in the event of the overdrawing of an account as at the end of an banking day of the reporting year:

EUR 5,000,000 for systemically important banks of the Republic of Belarus (importance category 1) and the Development Bank of the Republic of Belarus

EUR 1,000,000 – for other banks

5.2.1.

Documentary collection:

5.2.1.1.

documents and promissory notes:

- with issuance against acceptance or payment (checking and sending by export, issuance by import)

- execution of a collection order;

- with transfer without payment and return of unpaid documents

0,2 % of the amount,
min. USD 40,
max. USD 250

5.2.1.2.

modification of terms of a collection order or its cancelation

USD 40

5.2.2.

Documentary letters of credit

5.2.2.1.

Import letters of credit

5.2.2.1.1.

Issuance of a letter of credit:

When a letter of credit is issued with a partial coverage submitted by the applicant at the moment when such letter of credit is issued, the fee for issuing a letter of credit is calculated as follows:  

for the covered part – in accordance with sub-clause 5.2.2.1.1.1 of this Fee Schedule;

for the uncovered part – in accordance with sub-clause 5.2.2.1.1.2 of this Fee Schedule.

5.2.2.1.1.1.

covered

0.15 % of the amount,
min. USD 50

5.2.2.1.1.2.

uncovered

2 % p.a. of the amount,
min. USD 100

When an uncovered letter of credit is issued, the fee is calculated from the amount of a letter of credit for actual amount of days from the day when such letter of credit was issued up to its maturity.  

5.2.2.1.2.

Payment under a letter of credit, acceptance and checking of documents:

5.2.2.1.2.1.

the Bank is a nominated bank; after receiving documents from a nominated bank without checking or if discrepancies aren't listed

0.15 % of the amount,
min. USD 50,
max. USD 500

5.2.2.1.2.2.

if the Bank is not a nominated bank

0.02 % of the amount,
max. USD 50

5.2.2.1.3.

Acceptance of discrepant documents

USD 50 for each document’s package

5.2.2.1.4.

Amendments to a letter of credit:

5.2.2.1.4.1.

unrelated to prolongation of term and increase in amount

USD 50
for each amendment

The fee is collected for each amendment of any field in the text of the letter of credit irrespective of the number of amendments to be made to this field. 

5.2.2.1.4.2.

Prolongation of terms:

A fee is calculated from the amount of unpaid balance as of the moment when an amendment is made.

5.2.2.1.4.2.1.

covered

0.1 % of the amount
for each additional three-month period or its part,
min. USD 50 for each additional three-month period or its part

5.2.2.1.4.2.2.

uncovered

2 % p.a. of the amount

The fee is applied without regard to partial coverage submitted by the applicant during the validity period of the letter of credit

5.2.2.1.4.2.3.

with a "red clause", unpaid balance for which is equal to zero

USD 50

5.2.2.1.4.3.

increase in the amount:

5.2.2.1.4.3.1.

covered

0.1 % of the amount of increase, min. USD 30

5.2.2.1.4.3.2.

uncovered

2 % p.a. of the amount of increase, min. USD 50

5.2.2.2.

Export letters of credit

5.2.2.2.1.

Pre-advising of the letter of credit; advising of the letter of credit to a Bank customer

0.1 % of the amount,
min. USD 50
max. USD 200

5.2.2.2.2.

Advising of a letter of credit to a resident/non-resident bank

0.1 % of the amount,
min. USD 50
max. USD 300

5.2.2.2.3.

Advising of amendments

USD 40

5.2.2.2.4.

Authentication of a letter of credit/amendments to a letter of credit

USD 80

5.2.2.2.5.

Confirmation of the letter of credit by the Bank

5.2.2.2.5.1.

covered/against guarantee of international financial organizations

0.2 % of the amount,
min. USD 200

5.2.2.2.5.2.

uncovered

3.5 % p.a. of the amount, min. USD 125 per month

5.2.2.2.6.

Acceptance, checking and sending of documents under letters of credit of other banks, bank institutions (at the customer’s request):

5.2.2.2.6.1.

not more than 2 banking days

0.2 % of the amount,
min. USD 50,
max. USD 1500
for each document’s package

5.2.2.2.6.2.

within 5 banking days

0.15 % of the amount,
min. USD 50,
max. USD 1000
for each document’s package

5.2.2.2.7.

Acceptance, checking and sending of documents under letters of credit of other banks, institutions of banks where the Bank is a nominated bank

0.2 % of the amount,
min. USD 50,
max. USD 1500
for each document’s package

5.2.2.2.8.

Acceptance and sending of documents without checking under the letter of credit of another bank or institution of the bank

USD 50 for each document’s package

5.2.2.2.9.

Issue of a repayment (reimbursement) requirement

USD 30

5.2.2.2.10.

Issue of a reimbursement undertaking:

5.2.2.2.10.1.

covered/against guarantee of international financial organizations

0.2 % of the amount,
min. USD 200

5.2.2.2.10.2.

uncovered

3.5 % p.a. of the amount

5.2.2.3.

Cancellation of the letter of credit prior to maturity

USD 40

5.2.2.4.

Transfer of a letter of credit

0.2 % of the amount,
min. USD 90

5.2.2.5.

Checking the documents replaced or additionally submitted in order to reconcile discrepancies detected upon primary checking

USD 35 for each document’s package

5.2.2.6.

Issuance of a standby counter-commitment

2 % p.a. of the amount

5.2.3.

Bank guarantees and counter-guarantees issued by the Bank by order of correspondent banks

5.2.3.1.

Operations on bank guarantees and counter-guarantees issued by the bank on behalf of correspondent banks

5.2.3.1.1.

Issuance of a bank guarantee/counter-guarantee:

5.2.3.1.1.1.

covered

0.2 % of the amount,
min. USD 100
for each quarter or its part

5.2.3.1.1.2.

uncovered

3.5 % p.a. of the amount, min. USD 125 per month

5.2.3.1.2.

Amendment of a guarantee/counter-guarantee:

5.2.3.1.2.1.

not related to the prolongation of the term and an increase in the amount

USD 50
for each amendment

5.2.3.1.2.2.

prolongation of terms:

5.2.3.1.2.2.1.

covered

0.2 % of the amount
for each additional quarter or its part, min. USD 50 for each additional quarter or its part

5.2.3.1.2.2.2.

uncovered

3.5 % p.a. of the amount

5.2.3.1.2.3.

increase in the amount:

5.2.3.1.2.3.1.

covered

0.2 % of the amount of increase, min. USD 100

5.2.3.1.2.3.2.

uncovered

3.5 % p.a. of the amount of increase

5.2.3.1.3.

Acceptance, checking the payment request and documents under a guarantee/counter-guarantee

0,2 % of the amount of payment request,
min. USD 50,
max. USD 500

5.2.3.1.4.

Payment under a guarantee /counter-guarantee

0.2 % of the amount of payment request,
min. USD 50,
max. USD 500

5.2.3.1.5.

Cancellation of a guarantee /counter-guarantee prior to maturity

USD 50

5.2.4.

Transactions under received bank guarantees

5.2.4.1.

Pre-advising of the guarantee; advising or transfer of a guarantee without obligations of the Bank

0.15 % of the amount,
min. USD 50,
max. USD200

5.2.4.2.

Advising of amendment to a guarantee without obligations of the Bank

USD 50

5.2.4.3.

Confirmation of the authenticity of the guarantee/amendment to a guarantee issued by another bank

USD 80

5.2.4.4.

Acceptance, checking of a payment request and documents under a guarantee issued by another bank (at the customer’s request)

0.2 % of the amount of payment request,
min. USD 50,
max. USD 500

5.2.4.5.

Sending a request for payment under a guarantee issued by another bank

USD 100

5.2.5.

Sending a message to the correspondent bank at the customer’s request (under a letter of credit/guarantee/counter-guarantee/collection)

USD 20 for each message

5.3.1.

Provision of information to an audit company and third parties (at the request of the bank/non-bank financial institution/audit company):

5.3.1.1.

for residents

BYN 238.00 (incl. VAT)

5.3.1.2.

for non-residents

BYN 85.00 (incl. VAT)

5.3.2.

Authentication of telegraph keys (confirmation of test validity) with a third bank:

5.3.2.1.

for residents

BYN 84.00

5.3.2.2.

for non-residents

USD 30

5.3.3.

Sending a message under documentary operations using the SWIFT system (other alternative systems for transmitting financial information) on instructions from resident and non-resident banks

USD 100 (incl. VAT)