Single Bank Program

Single Bank Program is a trade transaction scheme where the local Letter of Credit /Surat Kredit Berdokumen Dalam Negeri(“SKBDN”) issuance and document presented for SKBDN payment presentation is held and processed in Bank of China Jakarta Branch. By joining this program, Customer (as buyer or seller) will enjoy more efficient workflow process
since the Issuance of SKBDN and checking of presented document from seller and buyer side are held in the same bank and it does not require additional time for sending document to other bank. Besides, customer will also enjoy special benefits as follows:


1. Buyer

a. Special Fee:

Special fee for Buyer

Cable Issuance Fee

Free

Settlement fee (RTGS Fee)

Free

SKBDN Issuance Fee

0.125% p.q


b. Special Time Deposit Rate

Buyer may enjoy special Time Deposit Rate with the terms, conditions and benefits as below:

Terms & Conditions

Collateral Type

100% cash margin

Minimum Amount

IDR 5 Billion

Maximum transactions

First 5 (five) transactions

SKBDN Type

Sight and Usance

Program Period

2 October 2023 – 29 March 2024 (6 months)


Benefits

IDR Time Deposit Rate

SKBDN Amount

Special Deposit Rate

5Bio≤SKBDN< 10Bio

Counter Rate

10Bio≤SKBDN<20Bio

Counter Rate +0.5%

20Bio≤SKBDN<50Bio

Counter Rate +0.75%

SKBDN≥50Bio

Counter Rate +1.25%



2. Seller

a. Special Fee

Special fee for Seller

Collection Fee

0.125%

Courier Fee

Free

Advising Fee

Free

Negotiation Interest Fee

JIBOR + 0.80% (IDR)


b. Special Time Deposit Rate

Should Seller want to place their sales proceeds under the SKBDN into Time Deposit, Seller may also enjoy Special Time Deposit Rate with terms, conditions and benefits as below:

Terms & Conditions

Minimum Tenor

1 Month

Minimum Amount

IDR 5 Billion

SKBDN Type

Sight and Usance

Program Period

2 October 2023 – 29 March 2024 (6 months)


Benefits

IDR Time Deposit Rate

SKBDN Amount

Special Deposit Rate

5Bio≤SKBDN< 10Bio

Counter Rate

10Bio≤SKBDN<20Bio

Counter Rate +0.5%

20Bio≤SKBDN<50Bio

Counter Rate +0.75%

SKBDN≥50Bio

Counter Rate +1.25%


Program Terms and Condition:

  1. This program is eligible for Bank customers who referred  the Single Bank Program to their Seller and the Seller is also doing their transactions with Bank.
  2. Bank act as Issuing Bank and also Nominated Bank under SKBDN.
  3. SKBDN issued and restricted to Bank.
  4. If the Customer withdraws prior to the end of the maturity date, no interest will be given and the Bank reserves the right to levy the charges for early withdrawal.


Simulation:

Company A (Buyer) is Bank existing customer. Company A will issue SKBDN to Company B (Seller) with amount IDR 5 billion. Company A will ask Bank to issue the SKBDN to Company B’s Bank (Bank ABC). Through Single Bank Program, Perusahaan A convinces company B to negotiate the SKBDN at our Bank. Company B agrees to receive the SKBDN via Bank and SKBDN is issued and nominated to Bank with SKBDN effective for 3 (three) months. With this scheme, Company A and B will enjoy the promo that offered in the Single Bank Program:

Company A (Buyer)

Cable Issuance Fee

Free

Settlement fee (RTGS Fee)

Free

SKBDN Issuance Fee

IDR 6,250,000

(IDR 5,000,000,000 x 0.125% x 3/3)

Time Deposit

Counter Rate*

*SKBDN issued with Time Deposit as collateral

 

Company B (Seller)

Collection Fee

IDR 6,250,000

(IDR 5,000,000,000 x  0.125%)

Courier Fee

Free

Advising Fee

Free

Negotiation Interest Fee

JIBOR+0.80% p.a.

Time Deposit Rate

Counter Rate**

**If company B want to place their sales proceeds into Time Deposit, Company B will enjoy interest as equal as Counter Rate

 

For more information, please contact:

 (+6221) 5205502 Ext.111 (Aziz/Stefanus/Tracy)