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

The following simulation is a tool or an example of the estimated calculation only and not intended as a form of recommendation.

 

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

 

 

Disclaimer

• This summary is only as a means of information of the products and services for prospective customers/customers which is not intended as an official offer for products and/or services.
• Customer is required to read, understand and sign the Kopra Trade onboarding application.
• Information covered in this Summary Information of Products and Services is valid until the latest changes to the existing Products and Services Information Summary.
• Customer is required to have read and understood Kopra Trade's services in accordance with the Summary of Products and Services Information before submitting the Kopra Trade Application Form and other documents and may ask the Bank Employee or call Mandiri Call at 14000 or +6221 52997777 (Overseas), select the language press 4.

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