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:

  1. 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.

  2. 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