Bank Sinarmas provides services for billing and sales of export bills/sales of customer goods over Usance Letter of Credit (L/C) and/or Local Usance L/C (SKBDN) received by customers.
Bank Sinarmas makes it easy for customers to manage cash flow over the Usance L/C and/or Local Usance L/C (SKBDN), which allows customers to receive cash bill payments in advance before the L/C Acceptance and/or SKBDN is due as long as L/C and/or SKBDN Acceptance has been received.
|Fee for Forwarding and Changing of LC/SKBDN|
|Transfer of LC/SKBDN|
|Collection Fee for LC/SKBDN (USD)||0.125% min USD35|
|Collection Fee for LC/SKBDN (IDR)||0.125% min IDR350,000|
|Discount Rate LC/SKBDN (USD)||4% p.a.|
|Discount Rate LC/SKBDN (IDR)||11% p.a.|
|Document Shipping Fee (DHL)|
If the application for L/C and/or SKBDN Acceptance Discounts is received before 12:00 on working days, the resulting discounted funds can be credited to your account on the same day. If the application for L/C and/or SKBDN Acceptance Discounts is received after 12:00, the resulting discounted funds will be credited to your account the next day. The Discount Transaction can only be executed if Bank Sinarmas has received the L/C and/or SKBDN Acceptance from the issuing bank.
If the discount is made after Bank Sinarmas has accepted the L/C and/or SKBDN Acceptance from the issuing bank, you do not need not need to have a credit facility to make a discount at Bank Sinarmas. However, this service is subject to the availability of the bank.
You can go to the nearest Branch Office and meet our Account Officers for this purpose. The Branch Office Contact Number is available on the Bank Sinarmas website, in the Branch Office Contact column.