Letter of Credit
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Customer |
PRIVE Resident / Resident |
Non-Resident |
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Types of L/C services |
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Currency |
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Import Letter of Credit |
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Application review fee |
20,000 AMD |
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L/C issuance An incomplete quarter is considered a full quarter; the fee is charged at the time of L/C issuance for the entire term of validity |
With cash collateral |
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0.15%, min 40,000 AMD per quarter |
One-time 0.3% per quarter, min 144,000 AMD |
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With other collateral |
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0.25%, min 40,000 AMD per quarter |
One-time 0.35% per quarter, min 160,000 AMD |
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L/C confirmation by other bank(s) |
Rate applied by other bank(s) |
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Acceptance and review of L/C terms |
Without discrepancies |
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30,000 AMD |
72,000 AMD |
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With discrepancies |
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50,000 AMD |
108,000 AMD |
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Preliminary L/C notification |
36,000 AMD |
36,000 AMD |
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L/C payment against documents or under deferred payment terms |
If L/C is covered |
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0.15%, min 24,000, max 60,000 AMD |
0.1%, min 120,000, max 360,000 AMD |
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If L/C is uncovered, the fee is calculated per every 30 days, regardless of whether the month is full or not |
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0.25%, min 36,000, max 540,000 AMD |
- |
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Amendment of L/C terms |
36,000 AMD |
72,000 AMD |
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Revocation of L/C |
36,000 AMD |
120,000 AMD |
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Export Letter of Credit |
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Notice of L/C /including each amendment/ |
36,000 AMD |
50,000 AMD |
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L/C confirmation |
0.15% of the L/C amount, min 50,000 AMD |
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Execution of issued L/C /payment, acceptance/ |
0.5%, min 50,000 AMD |
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Acceptance and review of L/C documents |
36,000 AMD + intermediary bank and postal costs |
120,000 AMD + intermediary bank and postal costs |
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L/C transfer |
0.15%, min 42,000 AMD |
0.3%, min 144,000 AMD |
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Letter of credit service to secure payment for a purchase and sale transaction |
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Real estate sale/purchase transaction |
0.15%, min 18,000 AMD |
0.5%, min 180,000 AMD |
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Movable property sale/purchase transaction |
0.15%, min 24,000 AMD |
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Preliminary L/C confirmation |
- |
120,000 AMD |