BNI Bank Guarantee & Standby L/C
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 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 :
- Standby for Performance
In referance to a work performance contract between the Applicant & a Beneficiary:
- Contractor (Bid, Performance, Retention).
- Foreign trade
- Standby for Commercial Payment
Referring to a payment obligation contract between the Applicant & a Beneficiary:
- Payment from a building contractor (bouwheer)
- Customer obligations to the Bank (for financing).