Terms and conditions

CREDIT DU MAROC'S TERMS AND CONDITION APPLICABLE TO FOREIGN CORRESPONDENTS

A-CURRECT ACCOUNT

RATE
1-Convertible dirham accounts
Credit interest
Debit interest; No overdrafts are allowed by the Exchange Office.
However temporary overdrafts are allowed, for example split value deals.
To be agreed upon
To be agreed upon
2-Foreign-currency accounts
Credit interest
Debit interest; Overdrafts are strictly forbidden by the Exchange Office.
To be agreed upon

B- CLEAN PAYMENT ORDERS

RATE
Unless otherwise stipulated, commissions are charged to the beneficiary.
1-Payment orders in dirhams
  • IN FAVOUR OF BANKS
  • When the beneficiary is not bank
    		•
    Free of charge 1%°
    2-Payment orders in foreign currencies
    1 %°

    C-COLLECTIONS

    RATE
  • Collection commission
  • Acceptance commission
    • 2 %°
    1 %°

    D- DOCUMENTARY CREDITS

    RATE
    - Transfer commission
    - Notification of documentary credit
    - Confirmation of Documentary
    - Amendment
    - Taking up of documents
    - Acceptance of deferred payments
    - Payment commission
    1.25 %° flat
    1.25 %° flat
    2% p.a.
    MAD 50
    1.5 %° flat
    2% p.a.
    0.5%° flat
    Minimum commission is MAD 50

    E-INTERNATIONAL GUARANTEES (BID, PERFORMANCE, …BONDS)

    RATE
    Issuing of guarantees or endorsement of bills of exchange (Negotiable in case of large transactions).
    To be agreed upon

    Notes
    To those conditions are added taxes, postage and telecommunications charges and any other disbursements and expenses incurred by our correspondents.
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