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 |
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:
- 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.
- Bank act as Issuing Bank and also Nominated Bank under SKBDN.
- SKBDN issued and restricted to Bank.
- 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)
