Mandiri USD Direct Settlement

A USD remittance service from Bank Mandiri to correspondent banks in Indonesia without using depository correspondent banks' service and vice versa.

Counter Guarantee

A Counter Guarantee facility issued by Bank Mandiri to secure Bank Guarantee issued by other banks on behalf of customer as a contract/project requirement.

Bank Guarantee based on Counter Guarantee

A Guarantee issued by Mandiri Bank on behalf of customer, secured by a Counter Guarantee in forms of BG or Standby L/C from other banks.

Mandiri Confirm LC/SKBDN

A facility to confirm LC/SKBDN issued by overseas and local correspondent banks, which have obtained commercial line from Bank Mandiri.

Mandiri Forfaiting

The purchase of exporters' receivables on a discount and without recourse basis, based on Bankers' Acceptance (B/A) issued by Correspondent Banks or Bank Mandiri.

Vostro Giro

A current account opening service in various currencies on behalf of local/ international banks and non-bank financial institutions.

Collection Letter

A settlement service on behalf of customer under collection basis in IDR currency or various currencies (hard currency). Collection provisions are based on the Uniform Rules for Collection (URC).

Cash Letter

A settlement service on behalf of customer under cash letter basis in various foreign currencies (hard currency). Cash Letter provisions are based on Uniform Rules for Collection (URC).

Mandiri Bilateral Trade Financing

Short term financing for domestic/ overseas correspondent banks, with or without assignment of Bankers' Acceptance (BA) from issuing bank, with providing a list of export/ import transactions.

Mandiri Export Credit Agency (ECA)

Long term import financing from correspondent banks (Lender) to Bank Mandiri based on supply contract between importer in Indonesia and Exporter in Lender's country or other countries approved by Lender.

Mandiri UPAS Financing

Financing Facility for domestic/overseas correspondent banks based on L/C UPAS/ SKBDN UPAS (Usance Payable at Sight).

Mandiri Risk Participation

Selling or buying asset transactions between Bank Mandiri and domestic/ overseas correspondent banks which have fulfilled the applied acceptance criteria.

Intraday Facility

A bridging facility for securities company which is used for settlement of capital market transaction and must be paid within the same day.

Overnight Facility

An overdraft facility for securities company and must be paid on the next day or can be extended up to 3 (three) working days.

Cash Collateral Credit

A credit facility (cash loan) (cash loan) in IDR or foreign currency for securities company, using time deposits issued by Bank Mandiri as collateral.

Short Term Loan (KJP)

A credit facility in IDR or USD currency to fulfill short term working capital needs of customer.

Payment Bank

A service provided by the bank appointed by Indonesian Central Securities Depository (PT. KSEI) to execute fund payment process of capital market transaction.

Security Agent

A facility service provided to deposit, maintain, and administer goods and/or documents used as collateral by the customer to the other party relating to bilateral/multilateral transaction.

Trustee

A service facility given to represent an investor interest as the Bond holder, whereas the Bond is traded in auction or by private placement. In addition, as a paying agent for the principal bond and the interest coupon is based on the issuer covenant, especially when the bond is traded by private placement.

Receiving Bank

A service given by accepting fund transferred from the Initial Public Offering/IPO purchase from the investors.

Securities Lending & Borrowing

Securities Borrowing and Lending is a facility that provides an opportunity for stockholders to earn revenue from their stock lending. KPEI as a clearing and guarantee institution in the capital market serves to bridge the lenders and borrowers in carrying out stock lending activities. Investors can lend their shares through the securities company/custodian Bank which has been recorded as a member of the KPEI SBL program.

Sub Custody Euroclear

A custodian service by Bank Mandiri as the direct member of Euroclear Bank, Brussels-Belgium, who provides administration maintenance and settlement service for securities traded and registered in Euroclear Bank in various currency.

SBI & Government Bond Sub Registry

A service given as the sub registry of customer transaction maintenance, administration and execution on Government Bond (SUN) and Indonesia Bank Certificate (SBI). Indonesia Bank is acting as the Central Registry.

Escrow Agent

A deposit account maintenance service facility for customer engages in a certain bilateral/multilateral transaction with other party.

Payment Agent

A facility service in which Bank Mandiri is acting as the paying agent for the principal bond and interest coupon especially for a private placement bond. Paying agent's role and responsibility is based on Issuer's will and Paying Agent's Covenant.

Discretionary Fund Administration

A custodian service facility by Bank Mandiri who provides discretionary fund administration service issued by Investment Manager. Services include unit pricing (Net Assets Value calculation, with or without unit issuance), unit registry (Discretionary fund administration), and accounting (maintaining securities/fund/unit mutation and producing reports).

Mutual Fund Administration

A custodian facility service by Bank Mandiri. Providing mutual fund administration issued by the Investment Manager. Services include unit pricing (Net Assets Value calculation, with or without unit issuance), unit registry (Mutual fund administration), and accounting (maintaining securities/fund/unit mutation and producing reports as stipulated by the Capital Market).

ADR/GDR Custody Services

A service facility provided by acting as stocks conversion agent for stocks registered in Indonesia Stock Exchange (BEI) and Foreign Stock Exchange (dual Listing). Through strategic partnership with foreign corresponding bank (BONY and Citibank New York), Mandiri Bank Custodian is trusted as a local custody from the global custody to execute the conversion process from local stocks to ADRs or GDRs and vice versa, also to distribute corporate action done by the issuer to the depositary bank.

General Custody

A facility service provided to save, administer and close the customer transaction on stocks, traded in Stock Exchange or Over the Counter and saving other customer's assets (valuable documents).

Scripless traded stocks (capital or money market instruments) administered and saved in C-BEST system at PT Kustodi Sentral Efek Indonesia (KSEI), while bonds on scrip and other valuable documents are saved in the vault room.

Mandiri Trust Service

A service of custodianship with management of customer's (settlor's) assets based on a written agreement between Bank as trustee and customer (settlor) for the benefit of beneficiary.

The functions of Mandiri Trust Service are as:

a. "Paying agent" means the activities of receiving and transferring money and/or funds, as well as recording cash inflows and outflows for and on behalf of the customer (settlor).

b. "Investment Agent" means activities of placing, converting and administering placements of fund for and on behalf of the customer (settlor).