Bank Guarantee Special Program
Bank Guarantee Special Program (“Program”) will be offered for Bank Guarantee issued under 100% Cash Margin facility opening with special benefits as follow:
1. Special Bank Guarantee Fee
In addition to get guarantee from well-known bank, you may also enjoy special Bank Guarantee fees, as follow:
| IDR | ||
| Bank Guarantee Amount | Special Bank Guarantee Fee (per quarter) |
|
|---|---|---|
| 150 million ≤ BG < 1 billion | 0.40% | |
| 1 billion ≤ BG < 15 billion | 0.30% | |
| 15 billion ≤ BG < 75 billion | 0.25% | |
| BG ≥ 75 billion | 0.20% | |
| USD | ||
| Bank Guarantee Amount | Special Bank Guarantee Fee (per quarter) |
|
|---|---|---|
| 100,000 ≤ BG < 1,000,000 | 0.30% | |
| 1,000,000 ≤ BG < 5,000,000 | 0.25% | |
| BG ≥ 5,000,000 | 0.20% | |
| RMB | ||
| Bank Guarantee Amount | Special Bank Guarantee Fee (per quarter) |
|
|---|---|---|
| 600,000 ≤ BG < 6,000,000 | 0.30% | |
| 6,000,000 ≤ BG < 30,000,000 | 0.25% | |
| BG ≥ 30,000,000 | 0.20% | |
2. Competitive Time Deposit Rate
During this program period, any Bank Guarantees that normally do not receive deposit interest will receive competitive time deposit rate.
| IDR | ||
| Bank Guarantee Amount | Deposit Rate (Per Annum) |
|
|---|---|---|
| 150 million ≤ BG < 1 billion | 2.00% | |
| 1 billion ≤ BG < 15 billion | 2.50% | |
| 15 billion ≤ BG < 75 billion | 2.75% | |
| BG ≥ 75 billion | 3.00% | |
| USD | ||
| Bank Guarantee Amount | Deposit Rate (Per Annum) |
|
|---|---|---|
| 100,000 ≤ BG < 1,000,000 | 1.15% | |
| 1,000,000 ≤ BG < 5,000,000 | 1.20% | |
| BG ≥ 5.000.000 | 1.25% | |
| RMB | ||
| Bank Guarantee Amount | Deposit Rate (Per Annum) |
|
|---|---|---|
| 600,000 ≤ BG < 6,000,000 | 0.40% | |
| 6,000,000 ≤ BG < 30,000,000 | 0.45% | |
| BG ≥ 30,000,000 | 0.50% | |
3. Obtain a guarantee issued by a trusted bank
Bank of China (Hong Kong) Limited Jakarta Branch has good international reputation and very experienced in Bank Guarantee products.
4. Certified & Professional Bank Guarantee Specialist at Bank of China (Hong Kong) Limited Jakarta Branch
Bank Guarantee issuance will be processed by Bank of China (Hong Kong) Limited Jakarta Branch Bank Guarantee Team that has an internationally recognized CSDG (Certificate for Specialists in Demand Guarantees) title and experience in handling Bank Guarantee transactions.
Terms and Conditions:
Applicable Customer |
New to Bank (NTB) or New To Product (NTP) customer |
Type of Bank Guarantee |
Bid Bond, Performance Bond, Advance Payment Bond, Custom Bond, Warantee Bond, Counter Guarantee, and Others. |
Collateral Type |
100% cash margin in form of Time Deposit |
Minimum Amount |
IDR 150mio, USD 100K or RMB 600K |
Minimum Tenor |
6 months |
Program Period |
15 December 2022 – 15 June 2023 (6 months) |
Requirement |
Valid only for BG new facility that is set up and every Bank Guarantee issued within Program Period |
Frequently asked questions:
- How long does it take to issue Bank Guarantee 100% Cash Margin?
The process for facility set-up will only take 1-2 weeks. As for Bank Guarantee issuance, it will be processed on the same day if the documents are received before 15.00 Western Indonesia Time and the documents are relevant and complete. - Does this Bank Guarantee Program apply to Bank Guarantee issued outside the Program period?
No. This program is only valid for Bank Guarantee issuance within the program period.
For example, if a customer already has the facility and issue a Bank Guarantee during this program period, the customer will have the benefits of this Bank Guarantee program. However, if Bank Guarantee issued outside the program period, the terms & conditions will refer to the terms & conditions that is agreed in the facility agreement.
For more information, please feel free to contact:
Hendri (+6221) 5205502 Ext.597
Tracy (+6221) 5205502 Ext.113
