Here’s an example of the format for providing L/C information:
|Foreign bank:||Korea Exchange Bank|
|Negotiation fee:||.05% flat|
|Confirmation fee:||.25% per quarter or part thereof|
|Acceptance fee:||.50% per annum|
|Discount rate on time drafts:||Libor + 1%|
Thank you in advance for helping us identify potential opportunities for improving the terms and pricing for your letters of credit.