Description

Letter of Credit (LC) is an instrument issued by a bank (Issuing Bank), as requested by Applicant, containing the bank’s undertaking to pay a sum of money to you, as Beneficiary provided they have received documents in compliance with LC terms

Features

• Tenor: Sight

• Currency: IDR, USD, EUR

• Collateral: Cash collateral, fixed or non fixed assets

• Other Requirement : Personal or Corporate Guarantee (optional)

• Type:

  • LC Advising

  • LC Confirmation

  • LC Nego

  • Transfer LC

  • Bills Collection

Risks

Unpaid or rejected

Benefits

• To eliminate uncertainty of payment in export and import activities.

Simulation

• Invoice Amount : USD 100,000

• Transfer LC Amount :USD 10,000

• Negotiation

  • 0.25% * USD 100,000 = USD 250 * daily rate counter bank sell TT (or min IDR 400.000)

• Collection

  • 0.25% * USD 100,000 = USD 250 * daily rate counter bank sell TT (or min IDR 400.000)

• Transfer LC

  • 0.25% * USD 10,000 = USD 25 * daily rate counter bank sell TT

• Charges to be paid IDR 400.000 (min IDR 400.000)

Further Information

Contact Us

Financial Institution Department

Head Office – Jakarta
PT Bank CTBC Indonesia
Tamara Center 17th Floor
Jl. Jend Sudirman Kav. 24
Jakarta 12920

Telp No. (62-21) 2557 8787 (Hunting)
Ext No. 8751, 8719, 8795, 8750, 8672

Fax No. (62-21) 520 6767