SKBDN

Secure domestic payments and business financing to help maintain cash flow.

Local Letter of Credit (SKBDN)

Local Letter of Credit Services

Reliable domestic payment assurance, enhanced with Usance Payable at Sight (UPAS) and Usance Payable at Usance (UPAU) financing options

SKBDN Issuance

Comprehensive document receipt and examination, supported by SKBDN document discounting facilities.

SKBDN Advising

Secure domestic payments and business financing to help maintain cash flow.

<h2 lang="en-us" style="text-align:justify;">Local Letter of Credit (SKBDN)</h2> Secure domestic payment assurance, complemented by business financing&nbsp;designed to help maintain cash flow. SKBDN is a bank’s written undertaking to pay the seller upon full compliance with&nbsp;the applicable terms and required documents. <h2 lang="en-us" style="text-align:justify;">Bank MAS SKBDN Services</h2> <h3 lang="en-us" style="text-align:justify;">1. SKBDN Issuance</h3>Issuance of domestic payment guarantees for sellers, supported by flexible&nbsp;financing facilities. <h3 lang="en-us" style="text-align:justify;">Types of SKBDN:</h3> <h4 lang="en-us" style="text-align:justify;">a. At Sight</h4>Payment is made immediately by the issuing bank upon receipt and verification of documents that comply with SKBDN terms and Conditions <h4 lang="en-us" style="text-align:justify;">b. Usance</h4>Payment is made at a future date in accordance with the agreed tenor, rather than immediately at sight <h4 lang="en-us" style="text-align:justify;">c. Usance Payable at Sight (UPAS)</h4>The seller receives immediate payment through bank financing, while the buyer settles the obligation at maturity based on the agreed tenor <h4 lang="en-us" style="text-align:justify;">d. Usance Payable at Usance (UPAU)</h4>Payment to the seller is made at a later date according to the agreed tenor, providing greater payment flexibility for the buyer <h2 lang="en-us" style="text-align:justify;">Key Benefits</h2><ul><li>Payment certainty for sellers upon document compliance</li><li>Smooth and reliable domestic trade transactions</li><li>Cash flow support for buyers through Bank MAS UPAS and UPAU financing&nbsp;facilities</li></ul> <h2 lang="en-us" style="text-align:justify;">2. SKBDN Advising</h2>Comprehensive document receipt &amp; examination services, complemented by SKBDN&nbsp;document discounting facilities to accelerate fund availability. <h2 lang="en-us" style="text-align:justify;">Key Benefits</h2><ul><li>Supported by a broad domestic network of counterparties and correspondent banks</li><li>Payment certainty for sellers, backed by the issuing bank</li><li>Thorough document examination prior to dispatch to ensure payments areprocessed in line with SKBDN terms</li><li>Discounting facilities available for Usance SKBDN documents</li></ul>

About Product

<h2>1. Issuance SKBDN</h2> <table><thead><tr><th style="width: 7.5001%;">No</th><th style="width: 28.8606%;">Services/Item</th><th>Fee</th></tr></thead><tbody><tr><td style="text-align: center; width: 7.5001%;">1</td><td style="width: 28.8606%;">SKBDN Opening&nbsp;</td><td>0,25% per issuance, minimum Rp650.000</td></tr><tr><td style="text-align: center; width: 7.5001%;">2</td><td style="width: 28.8606%;">SWIFT</td><td>IDR350.000 per issuance</td></tr><tr><td style="text-align: center; width: 7.5001%;">3</td><td style="width: 28.8606%;">Acceptance Fee </td><td>3% p.a, minimum IDR650.000</td></tr><tr><td style="text-align: center; width: 7.5001%;">4</td><td style="width: 28.8606%;">SWIFT Tracer Fee </td><td>IDR300.000</td></tr></tbody></table> <h2 lang="en-us">2. SKBDN Advising</h2> <table><thead><tr><th style="width: 6.9679%;">No</th><th style="width: 50.8236%;">Services/Item</th><th>Fee</th></tr></thead><tbody><tr><td style="text-align: center; width: 6.9679%;">1</td><td style="width: 50.8236%;">SKBDN Advising </td><td>IDR350.000</td></tr><tr><td style="text-align: center; width: 6.9679%;">2</td><td style="width: 50.8236%;">Original SKBDN Document Collection </td><td>IDR650.000</td></tr><tr><td style="text-align: center; width: 6.9679%;">3</td><td style="width: 50.8236%;">SKBDN Provision Fee</td><td>0,25% (minimum IDR650.000)</td></tr><tr><td style="text-align: center; width: 6.9679%;">4</td><td style="width: 50.8236%;">Document Delivery</td><td>IDR200.000</td></tr></tbody></table>

​  Fees & Charges

<h2>1. Issuance SKBDN</h2>Requirements:<ul><li>The applicant must be a legal&nbsp;entity.</li><li>Has an active current account (Giro) and/or time&nbsp;deposit</li><li>Has an approved Domestic Letter of Credit (SKBDN)&nbsp;facility</li><li>Submits required corporate documents, including Business Identification Number(NIB) and Deed of Incorporation and&nbsp;Amendments</li></ul> <h2 lang="en-us">2. SKBDN Advising</h2>Requirements:<ul><li style="text-align:justify;">The customer is not blacklisted</li><li style="text-align:justify;">Has an active current account (Giro)</li></ul>