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
