Letters of credit | Luminor
Letters of credit
SERVICEPRICE
Import Letters of Credit:
Issuance of the Letter of Credit0,20% of the amount, minimum EUR 150,00
Verification and payment of documents0,25% of the amount, minimum EUR 90,00
Use of the Letter of Credit/Letter of Credit commission*:
- if secured by financial pledge on cash on the account0,5% p.a. of the amount, minimum EUR 50,00*
- in case of another securityAs agreed, minimum EUR 100,00*
Issuance of Letter of Credit amendmentEUR 85,00
Cancelation of Letter of CreditEUR 85,00
Return of discrepant documentsEUR 85,00
Deferred payment administration0,15% of the amount, minimum EUR 100,00
Consideration of documents not conforming to the Letter of Credit provisions**EUR 85,00
Preparation of Letter of Credit draft (applicable if the Letter of Credit is not issued)EUR 85,00
Authorization to receive the goods addressed to the BankEUR 70,00
SWIFT messageEUR 15,00
Export Letters of Credit:
Advice of Letter of CreditEUR 90,00
Advice of Letter of Credit amendmentEUR 70,00
Confirmation of the Letter of Credit As agreed, minimum EUR 100,00
Verification and payment of documents0,25% of the document amount, minimum EUR 90,00
Preliminary examination of documents at the Customer's requestEUR 70,00
Deferred payment administration0,15% of the amount, minimum EUR 100,00
Cancellation of the Letter of CreditEUR 85,00
Return of discrepant documentsEUR 85,00
Transfer of the Letter of Credit***0,30% of the transferred amount, minimum EUR 150,00
Advice of assignment of proceedsEUR 70,00
Assignment of proceeds under the Letter of Credit0,10% of the amount, minimum EUR 70,00
Preparation of Letter of Credit draft (applicable only if the issued Letter of Credit is not received)EUR 85,00
Discounting of documents As agreed, minimum EUR 150,00
SWIFT messageEUR 15,00

* If the account for the provision of services and term deposit funds is using an account which number contains letters “NDEA” (LVxxNDEAxxxxxxxxxxxxx) commission is as agreed, minimum commission is not fixed.
** This fee is withheld from the benificiary of the Letter of Credit.
*** In addition to the fee for transfer of the Letter of Credit, other fees specified in the Price list are also applicable to the transferred Letter of Credit.