Export is any goods or commodity, transported from one country to another country in a legitimate fashion, typically for use in trade.
A. Benefit and risk
Benefits
Quick and Easy. Your export document will be processed in the same day if the application received before 11.30 a.m.
Economic Cost. We have competitive cost.
Professional and Kind Staff. Professional and warm service form our staff makes you feel comfort for using our bank as your partner in business and discussing your export problem.
Risk
Market Risk
Risk occurred due to market interest rate and foreign exchange fluctuation.
Operational Risk
The dysfunction of internal process, human error, system failure or external problem
Credit Risk
Risk occurred due to the inability of third party to settle obligation.
B. Procedures and Using Guidance
Application.Completing the application by attaching (for new customer):
Declaration letter of draft delivery.
Article of Association and it’s amendment.
Copy of Tax Identification Number.
Copy of Company Business Permit Letter.
Copy of Company Registration.
Copy of Business License.
Copy of Identity Card/Passport/KITAS.
Signature Card.
Power of attorney signature card.
For the existing customer, you just only need to attach declaration letter of draft delivery, signature card and power of attorney signature card.
C. Export Facility
Negotiationis a service to purchase drafts under a documentary credit, which the issuing bank has undertaken to pay. We are ready to negotiate your export document quickly and safely. This negotiation process will help your cash flow with competitive discount rate.
Documentary Collections Export is a service offering whereby the exporter’s bank is instructed by the exporter to notify the branch of the exporter’s local bank, accounting bank and agency bank for payment collection from the importer.
Advising L/C is a service offering whereby the local advising bank of the L/C beneficiary, after receiving the L/C from the issuing bank, notifies the beneficiary after reviewing and authenticating the document.
D. Costs
Type
Cost
Negotiation
• Documentary
• 1/4% (min eqv USD 10.- max
eqv USD 2,500.-)
• Postage (if any)
• Courier charge
• Tracer (if any)
• Discount charges
Discount Charges
Draft amount x settlement term (days) x discount rate (BRP rate) / 360 day
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