Financing

Nordea Finance - factoring

Nordea Finance - leasing

Nordea Finance - indicative rates

Trade Finance - documentary collection

Trade Finance - Export documentary credit

Trade Finance - Import letter of credit

Trade Fiance - direct costs

Guarantees

Factoring

By using the factoring services provided by Nordea Finance, companies can borrow up to 80 % of their outstanding sales invoices. Nordea Finance will also handle the management and collection of the invoices on behalf of the company.

The prices are based on the turnover, volume of invoices and number of customers. They include interest charged on advanced funds and service for handling the management and collection of the invoices. For further information please contact your customer advisor in Nordea or Nordea Finance.

Leasing

Leasing provided by Nordea Finansce is an off-balance sheet method of financing a company's assets without utilizing its capital or other lending sources. Leasing means that Nordea Finance purchases the assets as specified by the company and leases it to the company against a monthly fee. The company is responsible for negotiating any discount and any residual value with suppliers.

The monthly leasing price to be agreed with the individual company and is based on factors such as the nominal interest rate, invested amount, residual value and term. For further information please contact your customer advisor in Nordea or Nordea Finance.

Nordea Finance - indicative rates

Specification	Price
Establishment fee, single agreement	NOK 2,950.00
Installment fee, per notice/invoice	NOK 95.00
Master invoice	Minimum NOK 95.00
Registration of pledge paper/electronic	Paper: NOK 1,516.00 Electronic : NOK 1,051.00
Change of collateral	NOK 1,500.00
Copy of annual statement/invoice etc.	NOK 150.00
Change of debtor, transfer	NOK 2,500.00
Extension	NOK 1,500.00
Installment free period	NOK 500.00
Loss of vehicle registration form	NOK 150.00

_*_{For leasing: all fees subject to VAT}

Trade Finance - documentary collection

Documentary collection	*TFG(Online)**	*TFG(Manual by letter)**
Collection commission - minimum	0.35 % NOK 1,600.00	0.40 % NOK 3,000.00
Acceptance commission	NOK 700.00	NOK 1,400.00
Amendment commission	NOK 700.00	NOK 1,400.00
Discounting commission	NOK 1,000.00	NOK 1,000.00
Extradition (incl.e-mail)	NOK 1,000.00	NOK 1,000.00

Figures above are the main commissions. Direct costs such as telephone and stamp will be added_{*TFG (Trade Finance Global)}

Trade Finance - Export documentary credit

Export documentary credit	Price
Advising fee - TFG (online) - By letter	NOK 900.00 NOK 1,500.00
Documentary commission, pr disposal	0.275 % _{*Minimum NOK 1,000.00}
Confirmation commission	Quotation given by TF Sales upon request and is subject to the bank and country risk
Commission for deferred payment	Quotation given by TF Sales upon request
Drafting of template	NOK 800.00
Discounting fee	NOK 1,000.00
Amendment fee	NOK 800.00

These are the main fees for export documentary credit_{*TFG (Trade Finance Global)}

Trade Finance - import letter of credit

Import letter of credit	Price
Issuance fee - Individual pricing - TFG (online) - By letter	Cash depot is applicable. min 0.50 % p.a. Minimum NOK 1,000.00 Minimum NOK 1,500.00
Documentary commission (pr.disposal)	0.275 % _{Minimum NOK 1,000.00}
Commission for deferred payment	Minimum NOK 900.00
Amendment fee	Minimum NOK 800.00
Drafting of template	Minimum NOK 1,000.00

These are the main fees for import documentary credit

Trade Finance - direct costs

Fees related to direct costs (applicable to all products)	Price
SWIFT	NOK 200.00
Courier	NOK 350.00
Postage	NOK 60.00
Postage-registered	NOK 180.00
Postage-express over night	NOK 410.00
Special handling (per hour)	NOK 1,000.00
Invoicing fee - provisions	NOK 250.00
Manually generated report of outstanding transactions	NOK 500.00

Guarantees

Guarantees	Price
Guarantee provision	By appointment _{Minimum NOK 750.00 each quarter}
Establishment fees for Nordea standard guarantees	1% minimum NOK 2,500.00
Establishment fees without Nordea standard guarantees	1 % minimum NOK 4,000.00
Fee for urgent cases	Minimum kr 3000
Amendment fee	Minimum NOK 2,000.00
Handling fee for claims - notification of claims	Minimum NOK 5,000.00
Payment of claims	Minimum NOK 500.00
Advising foreign guarantees, without commitment for Nordea - advising amendment	Minimum NOK 1,500.00 NOK 500.00
Advisory/Forming of draft	NOK 1,500.00 pr.hour
Safe custody	Subject to type
Issuance of guarantees through foreign bank	NOK 7,500.00
Issuance standard guarantees Nordea Corp/Business	NOK 2,500.00
Issuance Non- standard guarantees	By agreement

Direct costs such as SWIFT, courier/stamp and foreign bank charges will come in addition. Extra handling charges will be applicable for cases with extra handling/drafting time needed.

Back to overview

Financing

Factoring

Leasing

Nordea Finance - indicative rates

Trade Finance - documentary collection

Trade Finance - Export documentary credit

Trade Finance - import letter of credit

Trade Finance - direct costs

Guarantees

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