Mandiri Bank Guarantees

To enhance your reputation in the eyes of your business partners, we offer Bank Guarantees and Standby Letters of Credit (LC) that can be used for both local and international transactions, thus helping reduce capital costs by eliminating the need to provide cash guarantees.

Key Features

Transaction guarantees in the form of Bank Guarantees and Standby LCs. Various types of guarantees can be provided as required by customers, such as Bid Bonds, Advance Payment Guarantees, Performance Guarantees, Maintenance Guarantees, etc.

 

Benefits

• Issuance and confirmation of BG online through Kopra by Mandiri.
• Easy process with relaxed collateral of as low as 0% on 0% Tender BG Facility.
• BG issuance can be done at desired branch (remote printing), supported by servicing Bank Mandiri Branch Offices across Indonesia.
• Same-day issuance.
• Bank Guarantees can be issued using various types of cover, ranging from Bank Guarantee facilities, 100% margin deposits, insurance guarantees, and counter guarantees issued by other banks.

 

Fees & Other Charges

Bank Guarantee issuance fees are calculated from the date of issuance/ effective date of the Bank Guarantee until the expiry of the Bank Guarantee, taking into account the claim period (if any).

 

Terms and Conditions

Requirements for issuance of Bank Guarantee and/or Standby LC:

• Fill out and sign the application or use Kopra by Mandiri.
• Already a Mandiri bank accountholder.
• Provides cover for Bank Guarantee or Standby LC issuance (funds in account, Bank Guarantee facility, or insurance/ correspondent bank counter guarantee).

Issuance procedure:

• Bank Guarantee can be issued at your nearest Branch Office or online through Kopra by Mandiri.
• Standby LC can be issued at your nearest Trade Servicing Office or online through Kopra by Mandiri.

Risk

If obligations under the facility used as collateral for the Bank Guarantee are not fulfilled, then the facility may be converted into a non-performing loan that is subject to fines under the applicable regulations, and be recorded as such in SLIK OJK.*

*OJK (Financial Services Authority) Financial Information Service System

 

Simulation

A Contractor that is a Mandiri Bank borrower wishes to issue a Tender Bank Guarantee based on the following information:

 

Amount: Rp 280,000,000.00

Issuance Date: December 1, 2023

Expiry Date: January 1, 2024

Tenor: 31 days or 1 quarter

Issuance Fee: 1% p.a. (or 0.25% p.q.)

 

Calculation Simulation:

Rp 280,000,000.00 x 0.25% x 1 = Rp 700,000.00

 

Disclaimer

• The bank reserves the right to reject applications for Bank Guarantee & Standby Letter of Credit issuance if they do not satisfy the requirements and regulations.
• Customers should read and understand the Product and Service Information Summary for Bank Guarantees & Standby Letters of Credit.
• This summary is for general informational purposes only.
• Customers are required to read, understand, and sign the Bank Guarantee & Standby Letter of Credit issuance application.
• The information contained in this Product and Service Information Summary is valid until such time as it is changed by the Bank.

For easy access to Trade & Bank Guarantee product information, contact 14000.