Tariff and Charges

Business Internet Banking Tariff and Charges

Item Service fee
Local Funds Transfer General
Overseas Funds Transfer Under KRW 1,000,000 KRW 7,500
Over KRW 1,000,000 KRW 30,000
Replacement or additional OTP generator (First two free) KRW 15,000

 

* Service fee for local transfer will be charged from 4th of September, 2007.

Import

Item  
Import Import DC Issuance DC Issuance fee rate quoted as per client's credit  Issuance commission (Min KRW75,000)
DC Amendment fee - Amount increase / maturity extension rate quoted as per client's credit  Issuance commission (Min KRW15,000)
DC Amendment fee - others per transaction KRW15,000
Cable Charge per item KRW20,000
DC Transfer per transaction USD100
Import Bill under DC Reimbursement/Handling fee per transaction USD100
UPAS Bill (financed) rate quoted as per client's credit  Funding rate (LIBOR + Margin)
Cable Charge per item USD20
Acceptance commission rate quoted as per client's credit  Acceptance commission rate
Early Repayment Charge (funded) per item USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Discrepancy Fee Per presenation USD100
Non-HSBC Nego bank cost Per presenation USD45
L/G issuance fee per transaction 3% flat (Min KRW10,000)
L/G handling fee per transaction KRW10,000
Import Bill not under DC Reimbursement/Handling fee per transaction USD100
Collection fee (non financed) per transaction 0.1% flat (Min USD100)
Cable Charge per item USD20
Import Loan Loan interest rate quoted as per client's credit  Funding rate (LIBOR + Margin)
Handling fee per transaction  USD20
Early Repayment Charge (funded) per item USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Guarantee and Standby DC Guarantee GTE Advising per transaction KRW30,000 (USD30)
GTE Amendment per transaction KRW30,000 (USD30)
GTE commission rate quoted as per client's credit  GTE Commission rate (Min KRW100,000)
GTE commission - amendment of amount increase/maturity extension rate quoted as per client's credit  GTE Commission rate (Min KRW100,000)
GTE commission - others per transaction KRW100,000
Standby DC SBDC Advising per transaction KRW30,000 (USD30)
SBDC Amendment per transaction KRW30,000 (USD30)
SBDC commission rate quoted as per client's credit  SBDC Commission rate (Min KRW100,000)
SBDC commission - amendment of amount increase/maturity extension rate quoted as per client's credit  SBDC Commission rate (Min KRW100,000)
SBDC commission - others per transaction KRW100,000
SBDC confirmation fee rate quoted as per issuing bank's credit and issuing country's risk confirmation fee rate (Min USD200)
Cable Charge per item KRW20,000 (USD20)
Guarantee and Standby DC Claim per transaction KRW100,00 (USD100)
GTE/SBDC Re issuance Per transaction Re issuance fee rate based on the Counter GTE/SBDC issuing bank/institutions credit. For Counter GTE/SBDC by HSBC Intra Group, HSBC Intra Group GTE Re issuance Pricing Guideline is applied.

 

* Margin and DC issuance term charge to be determined by Customer’s credit rating.
** All cable charges are exclusive.

 

Export

Item  
Export Export DC DC Advising per transaction KRW30,000
DC Amendment per transaction KRW30,000
DC Confirmation rate quoted as per issuing bank's credit and issuing country's risk confirmation fee rate (Min USD200)
DC Transfer per transaction (without substitution) USD 100
Interest (Financed with recourse) rate quoted as per client's credit  Funding rate (LIBOR + Margin) applied
Interest (Forfaiting) rate quoted as per issuing bank's credit and issuing country's risk Funding rate (LIBOR + Margin) applied
Handling fee (non financed) per transaction 0.1% flat (Min USD100)
Export NonDC Interest (Financed with recourse) rate quoted as per client's credit  Funding rate (LIBOR + Margin) applied
Collection fee (non financed) per transaction 0.1% flat (Min USD100)
General - Export Delayed interest from maturity to the date bill settled Delay interest rate (Funding rate + 1.5%) applied
Reimbursement Charge per transaction (netting off with overseas charge upto USD200) USD150
Courier Charge per transaction USD15
Cable Charge per item USD20
Early Repayment Charge (funded) per item USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Re-negotiation Charge per transaction Cable Charge USD20 + Courier Charge USD15 + Handling fee of 0.1%flat (min. USD100). For Financing, Bill amount X (Transit Rate + 1.50%) applied

 

* Margin to be determined by customer's credit rating.
** All cable charges are exclusive.

COUNTRY KOREA (Effective day : 15-Jan-2007)
INDICATIVE EXCHANGE RATE: LOCAL CURRENCY VS. US DOLLAR 1000.00

 

Account Management

Item KRW USD (equivalent)
Current Account Local currency current account services
minimum balance ¹ No Minimum Balance  
maintenance fee (monthly charges applied only if balance < minimum) Not Applicable  
statement charges (monthly) Free  
interest rate 0.0% (regulated by BOK)  
Foreign currency current account services
minimum balance   No Minimum Balance
maintenance fee (monthly charges applied only if balance < minimum)   N/A
statement charges (monthly)   Free
interest rate   0.0% (regulated by BOK)
Saving Account Local currency saving account services
minimum balance ¹ No Minimun Balance  
maintenance fee (monthly charges applied only if balance < minimum) Not Applicable  
statement charges (monthly) Free  
interest rate 0.01%  
Foreign currency saving account services
minimum balance   No Minimum Balance
maintenance fee (monthly charges applied only if balance < minimum)   N/A
statement charges (monthly)   Free
Exchange Rate Selling USD to customer middle rate + middle rate*0.6%  
Buying USD from customer middle rate - middle rate*0.6%  
Selling other FCY to customer middle rate + middle rate*0.8%  
Buying other FCY from customer middle rate - middle rate*0.8%  
Cheque Related Charges Local currency cheque related charges
cheque book charges
(standard cheque book)
KRW 3,000.00 USD 3.00
credit/debit (transaction) fee Free Free
stop payment charges N/A N/A
returned cheques charges returned by HSBC Bank N/A N/A
returned to HSBC Bank (excluding any 3rd party bank charges) N/A N/A

 

Payment services (Inward & Outward) / Collection Sevices

Item KRW USD (equivalent)
Outward Payments Domestic Local Currency Payments
Book transfer Free Free
Domestic transfer to HSBC a/c Free Free
Domestic trasnfer to the a/c held with other bank via HSBCnet (electronic channel) KRW500 per transaction  
High-Value payment through local RTGS (BOK wire) KRW 4,000  
AutoPay via HSBCnet to HSBC accounts Free Free
to other bank accounts KRW500 per transaction  
rejection fee N/A N/A
Cheque Outsourcing Volume/Value driven; to be discussed Volume/Value driven; to be discussed
Foreign Currency & International Payments
International Telegraphic Transfers Ordering Bank’s Charge(plus clearing banks & beneficiary bank charge if any) KRW 30,000 per transaction USD $30 per transaction
USD Overseas Payment Correspondent Bank's Charge for charge option "OUR"
(According to the market practices for USD overseas payment, there could still be some charge deductions from the principal amount.) 
KRW 22,000 per transaction USD $20 per transaction
Domestic FCY Outward Payment via KFTC (realtime) KRW10,000 / transaction $10.00/ transaction
via SWIFTnet
Inward Payments / Collection Services Domestic Local Currency Receipt
P-Note Custody/Clearing fee KRW 2,000 per cheque N/A
High-Value payment through RTGS (BOK wire) KRW 4,000 per transaction N/A
Direct Debits/AutoPay In(bulk collections) from another HSBC accounts N/A N/A
from other bank accounts Success
KRW300 per transaction (3 days CMS)
KRW500 (1 day CMS)

Inquiry
KRW20 per transaction (3 days CMS)
KRW40 ( 1day CMS)

In case of Success, the inquiry fee was already included in the Success fee.
N/A
rejection fee N/A N/A
Lockbox Services per cheque charge N/A N/A
per invoice charge N/A N/A
Virtual Account Transaction Fee KRW 500 per transaction USD 0.50 per transaction
Foreign Currency & International Receipts
International Telegraphic Transfers KRW 25,000 per transaction USD 25 per transaction
Domestic FCY Inward Payment via KFTC (realtime) KRW10,000 / transaction $10.00/ transaction
via SWIFTnet
RMS(Receivable Management Service)
set up fee KRW 200,000 per account USD 200 per account 
monthly fee KRW 200,000 per customer USD 200 per customer
transaction fee Enhanced package Reconcilition (first 1000 matched items) KRW 300,000 USD 300
Reconcilition (1001 - 5000 matched items) KRW 150 per matched item USD 0.15 per matched item
Reconcilition (5001 - 10,000 matched items) KRW 120 per matched item USD 0.12 per matched item
Reconcilition (10,001 or above matched items) KRW 90 per matched item USD 0.09 per matched item

 

* via HSBCnet unless otherwise specified
* In case transaction currency is KRW, KRW tariff is applied. In case transaction currency is non-KRW, USD tariff is applied.

Liquidity Management (In-Country local currency Cross Bank Cash Concentration)

Item KRW USD (equivalent)
Batch Transaction History Service KRW 10,000 per month
for each account
$10 per month for each
account
Firm Banking-based KRW Sweeping service Daily Sweep : KRW
30,000 per month for each
account (2 times a day)

Weekly/monthly Sweep :
KRW 15,000 per month
for each account
Daily Sweep : $30 per
month for each account
(2 times a day)

Weekly/monthly Sweep :
$15 per month for each
account

 

FI trade

Item  
FI trade Export DC Renegotiation Renegotiation Fee (non-financed) per transaction USD100
Courier Charge per transaction USD15
Cable Charge per item USD20
DC Reim Finance Interest rate quoted on case by case basis Funding rate (LIBOR + Margin)
Reimbursement Charge per transaction USD180 or equiv
Cable Charge per item USD20
Early Repayment Charge (funded) per item USD100 + Early Payment rate
(Cost of Fund - Value of Fund) applied
FI refinance Interest rate quoted on case by case basis Funding rate (LIBOR + Margin)
Early Repayment Charge (funded) per item USD100 + Early Payment rate
(Cost of Fund - Value of Fund) applied

 

Supply Chain Finance

Item  
Supply Chain Finance Early Payment Charge rate quoted as per client's credit Funding rate for KRW: 3MCD + Margin, FCY for overseas vendor: LIBOR + Margin
Courier Charge per transaction USD15 for FCY for overseas vendor
Cable Charge per item USD20 for FCY for overseas vendor

 

Receivables Finance

Item  
Receivables Finance Interest (Financed limited recourse) rate quoted as per client's counterparty's credit Funding rate for KRW: 3MCD (or Koribor) + Margin, FCY : LIBOR + Margin
Interest (with-recourse) rate quoted as per client's credit Funding rate for KRW: 3MCD (or Koribor) + Margin, FCY : LIBOR + Margin
Cable Charge per item USD20 for FCY for overseas vendor

 

Delivery Management

Item KRW USD (equivalent)
HSBCnet Security device(OTP) - unit 1 KRW 15,000 USD 15
Installation Fee(one-time charge) KRW 150,000 USD 150.00
Monthly Fee   KRW 100,000 USD 100.00
monthly fee per user N/A N/A
monthly fee per account N/A N/A
Additional Fees initial training (one-time charge) N/A N/A
onsite support (per site, per hour) N/A N/A

 

Advising Service

Item KRW USD (equivalent)
e-mail KRW 150 per advice USD 0.15 per advice
Fax KRW 500 per paper USD 0.50 per paper
Paper Mail KRW 1,500 per advise USD 1.50 per advice

 

Other Services

Item KRW USD (equivalent)
Balance certification fee KRW 5,000 per each USD 5
Banking transaction certification KRW 30,000 per each USD 30
Account transaction certification KRW 5,000 per each USD 5
Overseas mail service charge : KRW 40,000 (or $40)

 

  1. Pricing is for indication purposes only and is good for one year from the date of this schedule.
  2. All products and services which are not included in the above summary will be subject to HSBC's standard tariff in each country
  3. HSBC reserve the right to revise all terms / pricing in the event that we are not awarded the full mandate.