Tariff and Charges

Business Internet Banking Tariff and Charges

Item		Service fee
Local Funds Transfer		General
Overseas Funds Transfer	Under KRW1,000,000	KRW7,500
Overseas Funds Transfer	Over KRW1,000,000	KRW30,000
Replacement or additional OTP generator (First two free)		KRW15,000

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

Import

Item
Import DCs	DCs Issuance	DC Issuance fee	rate quoted as per client's credit	Issuance commission (Min KRW75,000 / USD75)
		DC Amendment fee - Amount increase / maturity extension	rate quoted as per client's credit	Issuance commission (Min KRW15,000 / USD15)
		DC Amendment fee - others (inc. cancellation)	per transaction	KRW15,000 (USD15)
		Cable Charge	per item	KRW20,000 (USD20)
		DC Transfer	per transaction	KRW100,000 (USD100)
		Handling Charge in case of a refund	per transaction	KRW20,000 (USD20)
		Cable Charge in case of a refund and if the beneficiary's account is outside HSBCSEL	per transaction	KRW20,000 (USD20)
	Finance against own DCs (Usance DCs payable at sight)	interest charge	rate quoted as per client's credit	Funding rate (base rate + Margin)
		Reimbursement/Handling fee	per transaction	USD100
		Cable Charge	per item	USD20
		Discrepancy Fee	Per presenation	USD 100
		Non-HSBC Nego bank cost	Per presenation	USD 45
		Early Repayment Charge	per early repayment event	USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
		Delayed interest	from maturity to the date bill settled	Delay interest rate (Funding rate + 1.5%) applied
		Courier Charge (For Hand Delivery only)	per item	KRW20,000 (USD20)
	Import DC Bills Finance/Non-Finance	interest charge (Exchange comm)	rate quoted as per client's credit	Funding rate (base rate + Margin)
		Reimbursement/Handling fee	per transaction	USD100
		Cable Charge	per item	USD20
		Discrepancy Fee	Per presenation	USD 100
		Non-HSBC Nego bank cost	Per presenation	USD 45
		Early Repayment Charge	per early repayment event	USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
		Delayed interest	from maturity to the date bill settled	Delay interest rate (Funding rate + 1.5%) applied
		Courier Charge (For Hand Delivery only)	per item	KRW20,000 (USD20)
Import Documentary Collections	Import Bills received under Collection	Collection fee (non financed)	per transaction	0.1% flat (Min USD100)
		Reimbursement/Handling fee	per transaction	USD100
		Cable Charge	per item	USD20
		Courier Charge (For Hand Delivery only)	per item	KRW20,000 (USD20)
	Import Bills under Collection/Open Account : Financed - Buyer Risk	interest charge	rate quoted as per obligor's credit	Funding rate (base rate + Margin)
		Cable Charge	per item	USD20
		Reimbursement/Handling fee	per transaction	USD100
		Early Repayment Charge	per early repayment event for Usance bill	USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
		Delayed interest	from maturity to the date bill settled	Delay interest rate (Funding rate + 1.5%) applied
		Courier Charge (For Hand Delivery only)	per item	KRW20,000 (USD20)
Shipping Guarantees	Shipping Guarantees andDelivery Orders	L/G issuance fee	per transaction	3% flat (Min KRW10,000 / USD10)
Shipping Guarantees	Shipping Guarantees andDelivery Orders	L/G handling fee	per transaction	KRW10,000 (USD10)

Export

Item
Export DCs	Export DC Advising	DC Advising	per transaction	KRW30,000 (USD30)
	Export DC Advising	DC Amendment	per transaction	KRW30,000 (USD30)
	Export DC Confirmation	DC Confirmation	rate quoted as per issuing bank's credit and issuing country's risk	confirmation fee rate (Min KRW200,000 / USD200)
	Export DC Transfer	DC Transfer	per transaction	KRW100,000 (USD 100)
	Silent Export DC Confirmation/ Commitment to Negotiation	Silent Export DC Confirmation	rate quoted as per issuing bank's credit and issuing country's risk	confirmation fee rate (Min KRW200,000 / USD200)
	Silent Export DC Confirmation/ Commitment to Negotiation	Commitment to Negotiation	rate quoted as per issuing bank's credit and issuing country's risk	commitment fee rate (Min KRW100,000 / USD100)
Export DC Bills	Export bills Under Sight/Usance (Non financed)	Handling Fee	per transaction	0.1% flat (Min USD100)
	Export bills Under Sight/Usance (Non financed)	Cable / Courier	per item	USD20 / USD15
	DC Bill Negotiations (Financed with recourse)	Interest charge	rate quoted as per client's credit	Funding rate (base rate + Margin) applied (Min USD100)
		Cable / Courier	per item	USD20 / USD15
		Reimbursement Charge	per transaction (netting off with overseas charge upto USD200)	USD150
		Delayed interest	from maturity to the date bill settled	Delay interest rate (Funding rate + 1.5%) applied
		Early Repayment Charge	per early repayment event for Usance bill	USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
	Non Recourse / Prompt Non-Recourse Bill Discounting	Interest charge	rate quoted as per issuing bank's credit and issuing country's risk	Funding rate (base rate + Margin) applied (Min USD100)
		Cable / Courier	per item	USD20 / USD15
		Reimbursement Charge	per transaction (netting off with overseas charge upto USD200)	USD150
		Delayed interest	from maturity to the date bill settled (accepted bill : Issuing bank, unaccepted bill : customer)	Delay interest rate (Funding rate + 1.5%) applied
Export Documentary Collections	Export Bills Under Collection : Non-Financed	Handling Fee	per transaction	0.1% flat (Min USD100)
	Export Bills Under Collection : Non-Financed	Cable / Courier	per item	USD20 / USD15
	Export Bills Under Collections : Financed - Seller Risk	Interest charge	rate quoted as per client's credit	Funding rate (base rate + Margin) applied (Min USD100)
		Cable / Courier	per item	USD20 / USD15
		Reimbursement Charge	per transaction (netting off with overseas charge upto USD200)	USD150
		Delayed interest	from maturity to the date bill settled	Delay interest rate (Funding rate + 1.5%) applied
		Early Repayment Charge	per early repayment event for Usance bill	USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
	Financing against Avalised/Co-accepted Bills (Bank Risk) and Bank Acceptance Draft Discounting	Interest charge	rate quoted as per avalising/co-acceptance bank's credit and relevant country's risk	Funding rate (base rate + Margin) applied (Min USD100)
		Cable / Courier	per item	USD20 / USD15
		Reimbursement Charge	per transaction (netting off with overseas charge upto USD200)	USD150
		Delayed interest	from maturity to the date bill settled	Delay interest rate (Funding rate + 1.5%) applied
		Early Repayment Charge	per early repayment event for Usance bill	USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
Forfaiting	Forfaiting	Interest charge	rate quoted as per issuing bank's credit and issuing country's risk	Funding rate (base rate + Margin) applied (Min USD100)
		Cable / Courier	per item	USD20 / USD15
		Reimbursement Charge	per transaction (netting off with overseas charge upto USD200)	USD150
		Delayed interest	from maturity to the date bill settled (accepted bill : Issuing bank, unaccepted bill : customer)	Delay interest rate (Funding rate + 1.5%) applied

Guarantee and Standby DC

Item
Non-Financial GTE & Financial GTE & Special GTE/SDC	Performance GTE & Financial GTE & Custome/Tax GTE/SDC	GTE commission	rate quoted as per client's credit	GTE Commission rate(Min KRW100,000 / USD100))
		GTE commission - amendment of amount increase/maturity extension	rate quoted as per client's credit	GTE Commission rate (Min KRW100,000 / USD100))
		GTE commission - other amendment	per transaction	KRW100,000 (USD100)
		Handling fee for Claim	per transaction	KRW100,000 (USD100)
		Cancellation fee	per transaction	KRW100,000 (USD100)
		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.
		Cable Charge (For MT799 only)	per item	KRW20,000 (USD20)
		Courier Charge (For Hand Delivery only)	per item	KRW20,000 (USD20)
		Handling Charge in case of a refund	per transaction	KRW20,000 (USD20)
		Cable Charge in case of a refund and if the beneficiary's account is outside HSBCSEL	per transaction	KRW20,000 (USD20)
GTE/SDC Advising	GTE/SDC Advising	GTE/SDC Advising	per transaction	KRW30,000 (USD30)
GTE/SDC Advising	GTE/SDC Advising	GTE/SDC Amendment	per transaction	KRW30,000 (USD30)
SDC – Performance & SDC - Financial	SDC - Performance & SDC - Financial	SBDC commission	rate quoted as per client's credit	SBDC Commission rate (Min KRW100,000 / USD 100)
		SBDC commission - amendment of amount increase/maturity extension	rate quoted as per client's credit	SBDC Commission rate (Min KRW100,000 / USD 100)
		SBDC commission - other amendment	per transaction	KRW100,000 (USD100)
		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.
		Cable Charge	per item	KRW20,000 (USD20)
		Cancellation fee	per transaction	KRW100,000 (USD100)
		Handling fee for Claim	per transaction	KRW100,000 (USD100)
		Handling Charge in case of a refund	per transaction	KRW20,000 (USD20)
		Cable Charge in case of a refund and if the beneficiary's account is outside HSBCSEL	per transaction	KRW20,000 (USD20)
SDC - confirmation	SDC - confirmation	SBDC confirmation fee	rate quoted as per issuing bank's credit and issuing country's risk	confirmation fee rate (Min KRW200,000 / USD200)

Trade Loan

Item
Trade Loans for Buyer	Pre-shipment Buyer Loans	Interest charge	rate quoted as per client's credit	Funding rate (base rate + Margin)
		Early Repayment Charge	per early repayment event	USD100 + Early Payment rate (Cost of Fund - Value of Fund) applied
		Delayed interest	from maturity to the date bill settled	Delay interest rate (Funding rate + 1.5%) applied
	Post-shipment Buyer Loans	Interest charge	rate quoted as per client's credit	Funding rate (base rate + Margin)
		Early Repayment Charge	per early repayment event	USD100 + Early Payment rate(Cost of Fund - Value of Fund) applied
		Delayed interest	from maturity to the date bill settled	Delay interest rate (Funding rate + 1.5%) applied

Basic Fee

Tariff : KRW 200K per month per entity (Corporate with bank account)

Waive till Mar2024 at any of below

Total deposit amount held with the Bank is not less than KRW 130 million equiv. (Nov’22 Year-to-Date basis) or
Client of Subscription Pricing Package or
Preferential client of HSBC Korea

Benefit program subject to GBS (Global Billing System) implementation

All of below transactions triggered via electronic means including HSBCnet will be waived.

KRW domestic real time Payments : Up to 100 transactions per month
KRW ACH Payments : Up to 100 transactions per month
Foreign Currency domestic outgoing Payments via KFTC : Up to 5 transactions per month
Foreign Currency domestic incoming Payments via KFTC : Up to 5 transactions per month

The Bank should immediately post any change on tariff, waive criteria or benefit program on its website.

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) (Suspended)		KRW3,000.00	USD3.00
	credit (transaction) fee		Free	Free
	stop payment charges		N/A	N/A
	returned cheques charges	returned by HSBC Bank	N/A	N/A
	returned cheques charges	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)			KRW4,000
	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)		KRW30,000 per transaction	USD30 per transaction
		USD Overseas Payment Correspondent Bank's Charge for charge option "OUR" (Surcharge) (According to the market practices for USD overseas payment, there could still be some charge deductions from the principal amount.)		KRW22,000 per transaction	USD20 per transaction
		USD Overseas Payment with OUR charge option + PPRO (Surcharge)		KRW33,000 per transaction	USD30 per transaction
	Domestic FCY Outward Payment	via KFTC (realtime)		KRW10,000 / transaction	USD10.00/ transaction
	Domestic FCY Outward Payment	via SWIFTnet		KRW10,000 / transaction	USD10.00/ transaction
Inward Payments / Collection Services	Domestic Local Currency Receipt
	Bank Receipt Deposit/Clearing fee			KRW2,000 per cheque	N/A
	High-Value payment through RTGS (BOK wire)			KRW4,000 per transaction	N/A
	KFTC CMS Direct Debit	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
	Lockbox Services	per invoice charge		N/A	N/A
	Virtual Account	Transaction Fee		KRW500 per transaction	USD0.50 per transaction
	VNC (Virtual Network Collection)	Monthly Fee		KRW100,000 only for monthly volume is less than 1,000.	USD100 only for monthly volume is less than 1,000.
		Transaction Fee		KRW1,000 per transaction in case of more than 1,000 transactions per month. Monthly fee is not charged.	USD1 per transaction in case of more than 1,000 transactions per month. Monthly fee is not charged.

	Foreign Currency & International Receipts
	International Telegraphic Transfers			KRW25,000 per transaction	USD25 per transaction
	Domestic FCY Inward Payment	via KFTC (realtime)		KRW10,000 / transaction	USD10.00/ transaction
	Domestic FCY Inward Payment	via SWIFTnet		KRW10,000 / transaction	USD10.00/ transaction
	RMS(Receivable Management Service)
	set up fee			KRW200,000 per account	USD200 per account
	monthly fee			KRW200,000 per customer	USD200 per customer
	transaction fee	Enhanced package	Reconcilition (first 1000 matched items)	KRW300,000	USD300
Reconcilition (1001 - 5000 matched items)			KRW150 per matched item	USD0.15 per matched item
Reconcilition (5001 - 10,000 matched items)			KRW120 per matched item	USD0.12 per matched item
Reconcilition (10,001 or above matched items)			KRW90 per matched item	USD0.09 per matched item

* payment instruction via electronic Channel unless otherwise specified
* PPRO persue the protection of payment value but does not guarantee

Giro/Tax Payment Service

Charging Item	Tariff
Application fee	KRW50,000 (one-time for new onboarding)
Monthly service charge	KRW100,000 (recurring)

Liquidity Management

Item	KRW	USD (equivalent)
Batch Transaction History Service	KRW10,000 per month for each account	USD10 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 : KRW15,000 per month for each account	Daily Sweep : USD30 per month for each account (2 times a day) Weekly/monthly Sweep : USD15 per month for each account
Firm Banking-based FCY Sweeping service		Daily Sweep : USD30 per month for each account Weekly/monthly Sweep : USD15 per month for each account
Domestic Cash Concentration		USD125 per month for each sub-account
Cross-border Cash Concentration		USD175 per month for each sub-account
Inter-Company Solutions (ICS)		USD50 per month for each sub-account
Interest Enhancement (IE) – Domestic / Cross-Border		USD150 per month for each participant 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)
	FI refinance	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

SWIFT FIN

Items	Price
One Time Set Up Fee	USD1500
Monthly Service Usage Fee	USD250
SWIFT MT900	KRW100,000 (USD100)	Per month / per account
SWIFT MT910	KRW100,000 (USD100)	Per month / per account
Bundled MT900 and MT910	KRW150,000 (USD150)	Per month / per account

Paper-based payment instruction (SmartForm)

Items	Price
Cross-border Payment	KRW50,000	Per tran
Domestic FCY payment	KRW20,000	Per tran
BOK-wire payment (above KRW1 billion)	KRW10,000	Per tran
Domestic KRW payment	KRW10,000 per KRW500m	Per tran and Per KRW500m

* You can choose payment method on Smartform

HSBCnet

Item	KRW	USD (equivalent)
Security Device (OTP)	KRW15,000
Set-up fee	KRW150,000
Monthly fee	KRW100,000

Bank Statement Delivery

Item	USD (no of customer’s accounts <= 10)	USD (no of customer’s accounts > 10)
Set-up fee	USD170	USD340
Bank statements (End of Day)	USD30	USD30	Per account, per month
Bank statements (EOD - Advanced)	USD35	USD35	Per account, per month
Bank statements (Intraday)	USD55	USD55	Per account, per month
Local Bank statements (End of Day)	KRW100,000	KRW100,000	Per account, per month
Local Bank statements (Intraday)	KRW100,000	KRW100,000	Per account, per month

HSBC Connect & File Act

Item	Price	Remark
Set-up and Integration testing fee	USD3,500
Monthly fee	USD550
Processing fee - file	USD5

Treasury API

Pricing Point	Charges (USD or local equivalent currency)	Remarks
One Time Setup Fees	USD3,500	Applicable for all APIs
Monthly Service Usage Fees	USD550	Applicable for payment & collection API category Single/Bulk Payment APIs Real Time APIs Payment Status Enquiry APIs Real time Direct Debit Authorization & Initiation APIs Global Disbursement APIs
Monthly Service Usage Fees	USD55 per account	Applicable for Account Balance API Transaction Enquiry API (*not applicable to SWIFTgpi APIs)
Monthly API Access Fees Applicable for all APIs, is the total number of API calls across all APIs used	USD50	1 to 5,000 API Calls
	USD75	up to 10,000 API Calls
	USD200	up to 50,000 API Calls
	USD300	up to 200,000 API Calls
	USD500	up to 500,000 API Calls
	USD1,000	up to 1,000,000 API Calls
	USD2,000	Above 1,000,000 API Calls

ERP Link

Item	Price	Remark
Set-up and Integration testing fee	USD5,000
Monthly fee	USD750

Global Billing TWIST Service

Item	Fees
Monthly Service Fee	KRW 12,000	per month, per TWIST file.
Onetime Set-up fees	KRW 60,000	one-time, per TWIST file

Advising Service

Item	KRW	USD (equivalent)
e-mail	KRW150 per advice	USD0.15 per advice
Fax	KRW500 per paper	USD0.50 per paper
Paper Mail	KRW1,500 per advise	USD1.50 per advice

Other Services

Item	KRW	USD (equivalent)
Balance certification fee	KRW5,000 per each	USD5
Banking transaction certification	KRW30,000 per each	USD30
Account transaction certification	KRW5,000 per each	USD5
Overseas mail service charge : KRW40,000 (or USD40)

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