Corporate Credit Fees

As a special reminder

Please note that many of our Bank transactions are offered free of charge or at a lower fee via our CMB Online Banking and CMB Mobile Banking Services, and Bankomatiko (ATM’s).

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You may also contact us at +297 522-3000 or mail us at: [email protected].

Corporate Credit Fees

Temporary Overrun Fee - Corporate & Small Business

Amount:
0 – 25/M – AFL 150.00	AFL 150.00
25/M – 100/M – AFL 250.00	AFL 250.00
100/M & Over – 1/4%	¼ %

Note: There are many factors, which may influence Commercial loan rates and fees including purpose, security, financial capacity, and risk profile. Although fees described are general standards, exceptions will occur on Management considerations.

Unauthorized Overdraft: May vary

Loan Closing Fee

Small Business
Non-Revolving loan closing fee	1% of credit facilities with a minimum of AFL 250.00

Revolving Loan facility closing fee	AFL 250.00 (Flat Fee)
	AFL 250.00 (Annual Renewal Fee)

Corporate
0 – 250M	AFL 250.00
250 – 500M	1%
500M & Over	½ % (Negotiable but not less than ¼ %)

Guarantee Opening Fee

0 – 1,000,000.00

1% on the amount of the contingent liability. A minimum fee of AFL 250.00 is to apply

1,000,000.00 & Over

Negotiable downwards from 1% to a minimum ½ %, depending upon security, term and value of the connection

A target of ¾ % is desirable

Note: Minimum -Discretionary based on amount

Guarantee Commission (Quarterly)
AFL	⅜ % (quarterly)
Other Currencies	½ % (quarterly)

Late Fee on Non-Revolving Loans

5% per past due installment

Other fees

Performance bonds (bereidheidsverklaring) AFL 250.00
Audit confirmation AFL 50.00

Letter of Credits

Import

Opened by Banks in Aruba for either local or foreign beneficiary by order of client.

Opening Commission: Validity up to 90 days	¼ % min. AFL 100.00 as above, plus ⅛ % for each 30 days over 90
Amendment commission	AFL 100.00
Extension commission	⅛ % for 30 days, min. AFL 100.00
Increase commission	¼ % on increased amount, minimum AFL 100.00
Payment commission	1% min. AFL 100.00
Interest	From payment date up to settlement date with client plus 15 days
Cancellation commission	⅛ % min. AFL 100.00
Swift charges	AFL 30.00/USD 16.85
Acceptance commission	¼ %, min. AFL 50.00
Delivery Order	AFL 30.00
Correspondent charges	Charge client

Export

Documentary
a) Payment commission	½ %, min. AFL 100.00 per payment
b) Confirmation commission	¼ %, min. AFL 100.00
c) Advising commission	¼ %, min. AFL 100.00
d) Amendment commission	¼ %, min. AFL 100.00
e) Swift charges	⅛ % min. AFL 15.00 Max. AFL 500.00
Non-Documentary
a) Payment commission	½ %, min. AFL 100.00 per payment
b) Confirmation commission	¼ %, min. AFL 100.00
c) Advising commission	¼ %, min. AFL 100.00
d) Amendment commission	¼ %, min. AFL 100.00

For non-residents above charges to be applied in US Dollars

Standby Letters of Credit
Issued to persons or institutions established on Aruba	⅜ % per quarter or portion thereof, minimum AFL. 50.00 per quarter
Issued to persons or institutions established abroad	½ % per quarter or portion thereof, minimum AFL. 50.00 per quarter
Correspondent bank charges	Charge client

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