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BNI Bank Guarantee & Standby L/C

 

Description

 

Bank Guarantee

A Bank Guarantee is a guarantee in the form of a Local Bank Guarantee that is issued by BNI Syariah with a counter guarantee that is received by a Correspondent Bank that is based domestically or internationally.

Standby L/C

Standby L / C is a type of guarantee that is similar to a Bank Guarantee and is issued by BNI Syariah to guarantee customer’s transactions abroad.

Use of Standby L/C :

  1. Standby for Performance

    In referance to a work performance contract between the Applicant & a Beneficiary:

    1. Contractor (Bid, Performance, Retention).
    2. Foreign trade
  2. Standby for Commercial Payment

    Referring to a payment obligation contract between the Applicant & a Beneficiary:

    1. Payment from a building contractor (bouwheer)
    2. Customer obligations to the Bank (for financing).