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Trade finance rates and fees

All amounts are in NZD unless otherwise stated.

Clean payments

Service
Fee
Notes
Draft - Issuance fee
Draft- Re-purchase fee
International money transfer (IMT)

Payment may be subject to charges imposed by overseas banks.

$15 via FastNet International
Non-receipt claim
For claims of non-receipt where the funds have been credited within 48 hours of original T/T message
IMT trace/amendment/cancellation
Cash sales
Minimum $10 for over $100
Minimum $5 for under $100

Inwards payments

Service
Fee
Notes
Lodged to an ASB foreign currency account 
Free
Payment settled to NZD account at ASB
Fee will be waived for payments of NZ$100 or less
Payment to other bank account, settled in NZD
Fee will be waived for payments of NZ$100 or less
Payment to other bank account, settled in foreign currency
Fee will be waived for payments of NZ$100 or less

Import transactions

Clean Collections

Service
Fee
Notes
Cheques received for collection
Plus courier and reimbursement costs (if applicable)
Inward local bills
Plus out-of-pocket expenses (if applicable)
Pre-accepted - awaiting payment
Plus out-of-pocket expenses (if applicable)

Documentary Collections

Service
Fee
Notes
Collection commission
Minimum $75 / maximum $500
Reimbursement costs
Varies
Draft or telegraphic transfer charge (as applicable)
Swift
For non-reimbursement messages
Overnight courier
Urgent courier at applicable rates
Document of Title Endorsement

Documentary import letters of credit

Service
Fee
Notes
Establishment commission
Minimum $150 (minimum $90 via FastNet International).
For letters of credit with validity greater than 6 months an additional 0.1% per month will be charged.
Establishment transmission
Amendment commission - amount

For amendments increasing amount.

Minimum $50 (minimum $30 via FastNet International).
Amendment commission - other

For amendments other than amount.

$30 via FastNet International
Amendment transmission

Import letter of credit drawings

Service
Fee
Notes
Discrepancy fee
(or currency equivalent, payable by Letter of Credit Beneficiary)
Reimbursement fee
(or currency equivalent, payable by Letter of Credit Beneficiary)
Acceptance commission

(per month or part thereof)

Minimum $50 (payable by Letter of Credit Beneficiary)
Swift
For non-reimbursement messages
Overnight courier
Urgent courier at applicable rates

Standby letters of credit

Service
Fee
Notes
Establishment commission
Minimum $250
Establishment transmission
Amendment commission - amount

For amendments increasing amount.

(or part thereof)

Minimum $30
Amendment commission - expiry

For amendments extending the expiry.

(or part thereof)

Minimum $250
Amendment commission - other

For amendments other than amount or expiry.

Amendment transmission
Swift
For non-reimbursement messages

Import trade finance loans

Service
Fee
Notes
Advance drawdown fee
Advance rollover fee
Applicable to all financing rollovers
Interest rates
ASB Bank Limited Offer Rate for finance currency plus margin.

Guarantees

Service
Fee
Notes
Establishment commission
Minimum $250
Establishment transmission
Amendment commission - amount

For amendments increasing amount.

(or part thereof)

Minimum $30
Amendment commission - expiry

For amendments extending the expiry.

(or part thereof)

Minimum $250
Amendment commission - other

For amendments other than amount or expiry.

Amendment transmission
Swift
For non-reimbursement messages

Surrender guarantees

For all transactions, including Letters of Credit

Service
Fee
Notes
Air Waybill Releases
Minimum $75 / maximum $300
(prior to receipt of original documents)
Missing Bill of Lading Guarantees

(per quarter)

Minimum $35 / maximum $300

Export transactions

Clean Collections

Service
Fee
Notes
Collection commission
Plus out-of-pocket expenses (if applicable)

Documentary Collections

Service
Fee
Notes
Collection commission
Minimum $75 / maximum $500
Courier costs
Varies
Reimbursement of costs incurred
Swift
For non-reimbursement messages

Export letters of credit

Service
Fee
Notes
Advising commission
Free
Plus out-of-pocket expenses (if applicable)
Assignment of proceeds
Per assignment, plus out-of-pocket expenses (if applicable)

Export letter of credit drawings

Service
Fee
Notes
Negotiation/Collection commission
Minimum $100
Document recheck/precheck
(or currency equivalent, payable by Letter of Credit Beneficiary)
Courier costs
Varies
Reimbursement of costs incurred
Swift
For non-reimbursement messages
Acceptance commisison

(per month or part thereof)

Minimum $50

Transfer of export letter of credit

Service
Fee
Notes
Transfer commission
Transfer transmission
Collection commission
Minimum $100
Amendment commission
Amendment transmission

Foreign currency accounts

No charges are levied on the operation of the account, however transaction fees will apply. Overdrafts on foreign currency accounts are available by arrangement. The following charges are applicable:

Service
Fee
Notes
Line fee

(per month)

(Based on limit or highest overdrawn balance)
Interest rates
ASB Bank Limited Offer Rate for finance currency plus margin.
Duplicate statement

Additional charges

Service
Fee
Notes
Additional work undertaken

(per hour or part thereof)

Minimum charge $15

Next steps

Find an international business expert

Looking to expand internationally or import goods to New Zealand? An international trade expert can help.

Find an expert

Enquire about trade finance

Email us about trade finance.

itsrelationshipteam@asb.co.nz

Enquire about foreign currency management

Email us about foreign currency management.

globalmarketsenquiry@asb.co.nz

Talk to us about trade finance

We’re open Monday to Friday, 7am to 6pm.

0800 487 272

Talk to us about foreign currency management

We’re open Monday to Friday, 8am to 5:30pm.

0800 806 280

ASB’s International Trade Service fees are subject to change, Standard account transaction and service fees apply. Refer to asb.co.nz for other fees and charges.

International business Trade finance rates and fees