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Changes to ANZ rates, fees and agreements

Changes to the ANZ General Banking Conditions

For customers in Timor Leste who use Transactive Global, we’re changing our current ANZ General Banking Conditions (dated 2014).  This includes changes being made to various schedules to those ANZ General Banking Conditions.

These changes will apply from 1 July 2022, subject to any specific agreed terms you may have negotiated with us. Please contact your Relationship Manager if you have any questions.

See the updated ANZ General Banking Conditions on the online forms page.

Changes to ANZ Timor-Leste Standard Trade and Supply Chain Tariffs 

We're changing certain fees applicable to ANZ’s trade and supply chain offering as detailed below.

The following changes will apply from 15 November 2021.

Trade Finance & Supply Chain Product/Service  Current fee New fee
Trade Loan – Prepayment $100  $250
Shipping Guarantee On application 2% p.a. of the instrument amount (minimum $500)
Airway Bill Release On application 2% p.a. of the instrument amount (minimum $500)
Guarantees/Standby Letters of Credit    
Issuance  On application 2% of the issuance amount (minimum $500)
Amendment – increase in amount only* As per new credit 2% of the amount of the increase (minimum $500)
Amendment – complex** As per new credit Aggregate of Issuance fee and 2% of the amount of increase (minimum $500)
Amendment – all other amendments $75 $75

* Increase in instrument amount only

** Increase in instrument amount and extension of expiry date/event

 

The following fees will no longer be charged as these products and services are no longer offered by ANZ:

·         Imports Documentary Collections – Avalisation

·         Exports Documentary Collections - Clean Cheque

·         Guarantees/Standby Letter of Credit – Negotiation

·         Guarantees/Standby Letter of Credit – Confirmation

 

Various other changes have been made to the content of the ANZ Timor-Leste Standard Trade and Supply Chain Tariffs document to clarify the basis on which fees will be charged by ANZ for trade finance and supply chain products and services.

The updated ANZ Timor-Leste Standard Trade and Supply Chain Tariffs will be available online from 15 November 2021, and will apply subject to any specific terms you may have negotiated with us. Please contact your Relationship Manager if you have any questions.

For full details of all the fees applicable to ANZ’s trade finance and supply chain offering, please read the ANZ Timor-Leste Standard Trade and Supply Chain Tariffs.

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