The Outward Documentary Collection service for exports is a service for presenting documents without the use of a customer letter of credit to the buyer, both for international and domestic trade. This service involves the use of financial and/or commercial documents, as per customer instructions. The objective is to obtain payment and/or acceptance, and the documents are released upon receipt of payment and/or acceptance, subject to such other terms and conditions as may be stipulated.

Key Features

Types of Document Presentation:

• Documents against Payment (D/P): Presentation of collection documents to the Buyer/Importer after receiving payment on the documents from the Buyer/Importer, or;
• Documents against Acceptance (D/A): Presentation of collection documents to the Buyer/Importer after receiving an acceptance letter from the Buyer/Importer, or;
• Free of Payment: Presentation of collection documents to the Buyer/Importer without requiring payment or acceptance.

 

Benefits

• Customer can control the goods sold before receiving payment/acceptance from the Buyer/Importer.
• Simplified collection process.
• Competitive collection fees.

Fees & Other Charges

A provision/commission fee is charged as a percentage of the transaction amount, with a minimum fee applicable.

Terms & Conditions

• Customer of Bank Mandiri.
• Possesses a Business Identification Number (NIB) & Trading Business License (SIUP).
• Not listed on internal or external (Bank Indonesia) blacklists, and
• Submitted a complete and accurate transaction application (according to the bank's standards), affixed with sufficient stamp duty, signed by an authorized signatory.

Risks

No payment obligation arises on the part of the bank, hence there is a risk of non-payment of the invoice.

Simulation

The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.

 

Disclaimer

• This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service.
• Customers are obliged to read, understand, and sign the Kopra Trade Onboarding Application.
• The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
• Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.

Export Collection Service: Export Letter of Credit / Inward Documentary Letter of Credit (SKBDN) is a service for issuing a letter of credit (LC) / SKBDN (a written and irrevocable promise by the bank) or its amendments (if any) upon the customer's request in connection with international or domestic trade. The content of the LC / SKBDN or its amendments guarantees payment to the beneficiary/seller based on the delivery of documents that comply with the terms and conditions of the LC / SKBDN or its amendments.

Key Features

• Irrevocable: Cannot be altered or cancelled during the LC's validity period without the consent of the beneficiary and confirming bank (if any).
• When the customer presents documents at Bank Mandiri, the bank will examine the documents to ensure compliance with applicable regulations (complying presentation).

Benefits

• Customers receive payment assurance from the LC issuer (Issuing Bank).
• Customers transfer the risk of the importer's inability to pay to the Issuing Bank.
• Customers can obtain financing offers on export documents channelled through Bank Mandiri.

Fees & Other Charges

Commission/provision fees, interest rate, and other charges are as per Bank Mandiri regulations.

Terms and conditions

Transaction Requirements:

• The LC beneficiary must have an active account with Bank Mandiri.
• Buyer and Issuing Bank are not subject to embargoes.

 

Procedures:

• The LC issued by the Issuing Bank is forwarded by Bank Mandiri to the customer through the Customer Account Managing Branch.

 

Simulation

The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.

Sample Calculation:
 

 

Disclaimer

• This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service.
• The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
• Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.

Export Collection Service: Letter of Credit Confirmation is where the Bank co-guarantees payment for a letter of credit (LC) issued by another bank, provided that the LC documents are presented to the Bank and are compliant (complying presentation).

Benefits

Customers receive additional payment assurance for the letter of credit (LC) issued by the issuing bank.

Fees & Other Charges

Fee is in accordance with Bank’s regulations.

Terms and conditions

Transaction Requirements:

• The Issuing Bank meets the criteria set by Bank Mandiri.
• The Letter of Credit (LC) complies with the criteria set by Bank Mandiri.

 

Disclaimer

• This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service.
• The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
• Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.

Export Financing Solution - Pre-Export Financing is a trade financing facility for the seller in preparation for the shipment of goods (pre-shipment financing).

Key Features

PEF only available for the following purposes:

• Purchase of raw materials, and/or
• Expenditure on production fees & other charges/preparation of other shipment-related items, and/or
• Acquisition of goods
• Expenditure on transportation fees & other charges for delivering goods
• Expenditure on shipping insurance fees & other charges to fulfil a trade transaction order.

 

Benefits

PEF is used to support customer liquidity for the realization of export shipments, such as packing loans, inventory/stock financing, freight financing, and insurance financing.

Fees & Other Charges

Commission/provision fees, interest rate, and other charges are as per Bank Mandiri regulations.

Terms and conditions

Transaction Requirements:

• Customer must have a PEF facility limit.
• Customer should submit a complete and accurate transaction application (in accordance with the bank's standards), affixed with sufficient stamp duty, and signed by an authorized signatory.

 

Risks

PEF financing that does not align with the customer's working capital cycle may cause difficulties for the customer in meeting repayment obligations in respect of the financing.

Simulation

The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.

PT ABC submit an application form for a transaction based on an usance LC. The application is to finance the purchase of raw materials to meet an order.
 

 

Disclaimer

• This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service.
• The customer is required to read, understand and sign the transaction application form.
• The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
• Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.

EXPORT FINANCING SOLUTION: Export Bill Financing (Export Draft) is a short-term plain vanilla trade finance facility that provides upfront payment with recourse to the beneficiary upon presentation of the export draft.

Key Features

• Provision of upfront payment with recourse to the beneficiary against export bills.
• Export bill financing is self-liquidating, where the source of transaction settlement is funds from the sale of goods/services as the underlying transaction.

Benefits

• Supports customer liquidity through export bill financing (export draft) on behalf of the customer.
• Assists in customer business development as the obtained funds can be used for customer business needs.
• Enhances customer competitiveness in the eyes of counterparties by offering payment deferrals without disrupting customer cash flow.
• Our document preparation service minimizes the possibility of unpaid amounts from the Issuing Bank due to discrepancies.

Fees & Other Charges

Transaction Fees:

Commission/provision, interest rates, and other fees as per Bank Mandiri's regulations.

Terms and Conditions

Transaction Requirements:

• Customer must have an account with Bank Mandiri.
• Customer must not be listed on the National Blacklist of Check Withdrawers and/or Blank Promissory Notes (DHN) in the Financial Services Authority (OJK)'s Financial Information Service System (SLIK).
• Customer must have trade facilities.
• Original LC and copy of PEB must be presented.
• Customer must submit an application for each financing transaction.
• Customer must submit such other documents as may be required by the Bank.

 

Simulation

The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.
 

 

Disclaimer

• This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service.
• Customers are required to read, understand and sign the transaction application form.
• The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
• Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.

EXPORT FINANCING SOLUTION: Forfaiting is a transaction involving the sale of receivables by Customer to Bank Mandiri based on future trade documents at a discounted price without recourse.

Key Features

• Forfaiting facilities can be provided with underlying banker's acceptance for transactions with or without an Irrevocable letter of credit (LC)/SKBDN Usance issued by the issuing bank with a maximum term of 1 (one) year.
• Forfaiting facilities can be provided in IDR, USD, or other foreign currencies as per the Bank's regulations.
• The term of a forfaiting facility per transaction adheres to the term of the banker's acceptance or a maximum of 1 (one) year, taking into account the available commercial line for the issuing bank.

Benefits

• Supports customer liquidity.
• Assists in customer business development as the obtained funds can be used for customer business needs.
• Enhances customer competitiveness in the eyes of counterparties by offering payment deferrals without disrupting customer cash flow.

Fees & Other Charges

Commission/provision, interest rates, and other fees as per Bank Mandiri's regulations.

Terms and conditions

• Non-Bank Customers should first sign a transaction application.
• Future export documents accepted by the issuing bank, evidenced by original banker's acceptance addressed to the Bank.
• Letter of transfer of rights from non-bank customer to the Bank.

Simulation

The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.
 

 

Disclaimer

• This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service
• The customer is required to read, understand and sign the transaction application form.
• The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
• Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.