Counter Guarantee Issuance

 

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Definition:
A payment guarantee in the event of default on the basis of presentation of documents under the terms and conditions of claim contained in the Counter Guarantee or standby L/C and the sharia contracts of guarantee (kafalah).

Requirements

  • Giro or financing customers
  • An application letter for opening a bank guarantee
  • An appropriate guarantee
  • Counter guarantee in favor of another bank
  • Counter guarantee should comply with the with the Civil Code and the Circular of Bank Indonesia of 1993 concerning Issuance of Bank Guarantee

Benefits

  • As an alternative for financing facility
  • In rupiah or foreign currency
  • Flexible guarantee (cash collateral, financing facility, counter standby or counter guarantee)
  • For goods or services
  • Flexible period: 1, 3, 6 and 12 months

 

What are the requirements?

I'm interested