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Percentage Based Fees
Is it lawful to charge a percentage based fee for documentary credit or letters of guarantee?
It is not permissible for the bank to charge a percentage-based fee for letters of guarantee or documentary credit. It is lawful, however, for it to charge an amount for the services it offers to it clients. Such a sum may vary with the value of the guarantee or documentary credit in accordance to the differing degrees of administrative services required.

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