REVISION IN BANKER'S GUARANTEE COMMISSION
We wish to advise that the Banker’s Guarantee commission will be revised as follows with effect from 1 August 2008:
|
Banker’s Guarantee
|
|
|
Issuance Commission (New/Renewal) Amendment (Increase in Amount/Extension)
|
1.5%+ per annum (minimum 1 year or S$150+, whichever is higher) |
|
Other Amendments
|
S$100+ per amendment |
+with effect from 1 August 2008