Trust Receipt Financing
L/C or SKBDN is a payment instrument that can give sellers (exporters) a sense of security. Likewise, for the buyers (importers), L/C or SKBDN is a warranty of payment that guarantees payment will be done only when the terms and conditions of L/C or SKBDN of the imported goods are fulfilled.
What is the difference between L/C and SKBDN?
L/C transaction is utilized for international trading (referring to International regulations Chamber of Commerce – Uniform Customs and Practice for Documentary Credit (UCP), while SKBDN transaction is utilized for domestic trading (referring to Bank Indonesia regulations).
Benefits
- Solution given by MBI to debtors as importers in order to organize the company's cash flow that is adjusted to the trade cycle.
- With Trust Receipt Financing, the debtor can immediately issue goods from the port and carry out the production process, while the repayment of T / R obligations is carried out at the maturity date of the T / R financing, namely after receiving payment from the sale of goods produced by the debtor.
Letter of Credit (L/C) and Domestic Letter of Credit (SKBDN)
L/C or SKBDN is a payment instrument that can give sellers (exporters) a sense of security. Likewise, for the buyers (importers), L/C or SKBDN is a warranty of payment that guarantees payment will be done only when the terms and conditions of L/C or SKBDN of the imported goods are fulfilled.
What is the difference between L/C and SKBDN?
L/C transaction is utilized for international trading (referring to International regulations Chamber of Commerce – Uniform Customs and Practice for Documentary Credit (UCP), while SKBDN transaction is utilized for domestic trading (referring to Bank Indonesia regulations).
LC/SKBDN Usance Payable at Sight and LC/SKBDN Usance Payable at Usance
Usance Payable At Sight (UPAS)
A financing facility provided by the Financing Bank to the importer/applicant of Import L/C or SKBDN with usance tenor issued by MBI. The importers/applicants are able to do L/C or SKBDN repayment when the bill is due, meanwhile the beneficiaries of Imported L/C or SKBDN can receive payment at sight with payment funds from the Financing Bank.
Usance Payable At Usance (UPAU)
A financing facility provided by the Financing Bank to an importer/applicant for Import L/C or SKBDN with a usance tenor issued by MBI, where the importer/applicant can repay the L/C or SKBDN when the money order is due, while the beneficiary of Import L/C or SKBDN can receive payments in the usance with shorter tenor than the Import L/C tenor or SKBDN with payment funds from the Financing Bank.
Inward Documentary Collection
A payment collection service by Maybank Indonesia to the buyer/importer (parties interested in money orders/drawee) on Non L/C Import documents received by the Remitting Bank.
Inward Documentary Collection consists of 2 (two) categories:
- Document against Payment (D/P)
A document collection received in tenor sight, where buyers/importers do the payment according to the nominal in document collection recieved. It will be processed to the Presenting Bank who will forward the payment at sight to the Remitting Bank.
- Document against Acceptance (D/A)
A document collection received in tenor usance, where upon agreeing to the document, buyers/importers must complete their money order/draft handed by the Presenting Bank to be forwarded to the Remitting Bank through SWIFT/Telex. Financing is done by buyers/importers to the sellers/exporters when the money order is due.
Benefits
- MBI has a broad correspondence relationship with domestic banks and banks all over the world, thus making document collection always be of reach to various countries all over the world.
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