Financing and services for the
convenience of export and import transactions

Trade Finance

Mega Trade Finance - Guarantee

Bank Guarantee

Non-Cash Loan facility that will be given to our customers after passing prerequisite criteria to facilitate international transactions/contracts between our customers and their counterparties.

Products Offered

  • 1.    General Bank Guarantee, which comprises:
     

a.    Bid Guarantee
b.    Performance Guarantee
c.    Advance Payment Guarantee
d.    Payment Guarantee
e.    Retention Guarantee
 

  • 2. Customs Guarantee
     
  • 3. Standby Letter of Credit (SBLC)
     
  • 4. Demand Guarantee

Accepted Currencies

Indonesian Rupiah and foreign currencies maintained by the Bank.

Credit Limit

Financing facility: In accordance to our customers’ business requirement.

Facility Validity Period

  • Extendable one year
  • Case by case (one off transaction)

Benefits

  • Enhance trusts between the involved parties from the addition of guarantee from the Bank
  • Fulfill contract requirements according to counterparty’s terms and conditions
  • Facilitate access to new counterparties

Risks

  • Debtors defaulting
  • Foreign currency fluctuations
  • Contract rejected by counterparty
  • Legal risks from contracts

Requirements and Procedure

  • Individual-based or Organizational-based
  • KTP
  • Deed of Establishment, NPWP, SIUP, TDP, and other related documents
  • Financial Statements or checking account
  • General Transaction Terms for NWE LC/SKBDN, Authorization Letter and Standing Instruction
  • Contract or tender invitation, Authorization Letter and Standing Instruction
  • Application can be submitted to any Bank Mega Branch Offices and follow the process for credit application and in accordance to Bank Mega’s applicable  terms and conditions

Costs

Service charges: in accordance to applicable Tariff Guidelines 

Mega Trade Finance - Export

Export Financing and Services

A credit facility and service provided to our customers (individuals and organizations alike) after passing prerequisite criteria to facilitate local or international trades for sales of raw materials or finished goods.

  • LC Export Advising
    Information and delivery service for Export LC published by Counterparty Bank to the Beneficiary.

  • Transfer L/C
    Transfer service for any L/C received by     beneficiary to be transferred to second beneficiary.

  • Pre Export Financing
    Working Capital financing facility for suppliers/exporters to finance pre-shipment preparations

  • Export Order Negotiation
    Post-shipment Working Capital financing facility for suppliers/exporters in the form of takeover/purchasing future bills on Irrevocable L/C (sight or usance) and SKBDN.

  • Forfaiting
    Takeover or purchase of future bills or payments without recourse at a discounted price on L/C Usance or SKBDN Berjangka that has been unconditionally accepted by Accepting Bank.

  • Export Bills Collection Services
    Bill collection service on goods that have been delivered by seller/exporter to buyer/importer.

  • Export Tax Settlement

Product/Services Category

  • Letter of Credit (LC) Advising
    Or SKBDN – Sight and Usance.

  • Export Financing
    In the forms of: Pre-Export Financing (PEF), Post Shipment Financing  / Negosiasi Wesel LC Ekspor (NWE), Forfaiting

  • Outward Documentary Collection Service

  • Export Tax Settlement

Accepted Currencies

Indonesian Rupiah and foreign currencies maintained by the Bank.

Credit Limit

  • Financing facility: In accordance to our customers’ business requirement
  • Trade service: no limit

Facility Validity Period

  • Extendable one year
  • Case by case (one off transaction)

Benefits

  • Minimize risk of loss for the beneficiary on sales transaction by Bank’s guarantee of payment
  • Additional assistance from the Bank on trade document examination in accordance to what has been agreed on Contracts / LC / SKBDN
  • Facilitates billing process on exported goods

Risks

  • Debtors defaulting
  • Foreign currency fluctuations
  • Mismatched exported goods
  • Operational risks on document handling

Requirements and Procedures

  • Individual-based or Organizational-based
  • KTP
  • Deed of Establishment, NPWP, SIUP, TDP, and other related documents
  • Financial Statements or checking account
  • General Transaction Terms for NWE LC/SKBDN, Authorization Letter and Standing Instruction
  • Application can be submitted to any Bank Mega Branch Offices and follow the process for credit application and in accordance to Bank Mega’s applicable  terms and conditions

Costs

  • Interest rate: in accordance to applicable Commercial Credit Guidelines
  • Service charges: in accordance to applicable Tariff Guidelines

Mega Trade Finance - Import

Import Financing and Services

A credit facility and service provided to our customers (individuals and organizations alike) after passing prerequisite criteria to facilitate local or international trades for purchases of raw materials or finished goods.

  • LC Issuance
    Bank Mega offers a service to issue various kinds of L/C and SKBDN for your overseas or local counterparties supported by the latest communication system and our worldwide network of Corresponding Banks. LC or SKBDN can be issued in both Sight and Usance forms

  • Trust Receipt
    Working Capital credit facility for customers to pay or settle L/C sight or SKBDN atas unjuk bills through Bank Mega with funds sourced from Bank Mega

  • Pre Export Financing
    Working Capital financing facility for suppliers/exporters to finance pre-shipment preparations

  • LC UPAS/UPAU
    Working Capital credit facility for customers to pay or settle L/C sight or SKBDN atas unjuk bills through Bank Mega with funds sourced from a Corresponding Bank.

  • Inward Documentray Collection (D/P dan D/A)
    Bill reception service on goods delivered by seller/exporter that will be charged to customer through Bank Mega.

  • Back To Back L/C
    New L/C (Baby L/C) issuance service using existing L/C received by Counterparty as basis (Master L/C)

  • Shipping Guarantee
    Guarantee issuance service to Shipping Companies to hand over goods to importer before the Original B/L is received.

  • Import Tax Settlement

Product/Service Categories :

  • Letter of Credit (LC) Advising
    or SKBDN – Sight and Usance.

  • Import Financing
    In the forms of: Trust Receipt (TR), LC UPAS, LC UPAU or LC Sight Financing.

  • Inward Documentary Collection Service

  • Import Tax Settlement

Accepted Currencies

Indonesian Rupiah and foreign currencies maintained by the Bank.

Credit Limit

  • Financing facility: In accordance to our customers’ business requirement
  • Trade service: no limit

Facility Validity Period

  • Extendable one year
  • Case by case (one off transaction)

Benefits

  • Increase in customers/importers’ credibility by guaranteeing payment through our service
  • Minimize risk of loss for our customers on their transactions
  • Additional assurance on goods purchased would be shipped and/or delivered in accordance to LC’s term and conditions

Risks

  • Debtors defaulting
  • Foreign currency fluctuations
  • Mismatched delivered goods
  • Operational risks on document handling

Requirements and Procedures

  • Individual-based or Organizational-based
  • KTP
  • Deed of Establishment, NPWP, SIUP, TDP, and other related documents
  • Financial Statements or checking account
  • General Transaction Terms for LC/SKBDN issuance, Authorization Letter and Standing Instruction
  • Application can be submitted to any Bank Mega Branch Offices and follow the process for credit application and in accordance to Bank Mega’s applicable  terms and conditions

Costs

  • Interest rate: in accordance to applicable Commercial Credit Guidelines
  • Service charges: in accordance to applicable Tariff Guideline