Bank Garansi/Standby Letter of Credit/Demand Guarantee
Stay Safe with Risk Assurance
A statement issued at the request of the customer if the guaranteed party does not fulfill the obligations
Bank Guarantee
is a guarantee in the form of letter to the beneficiary where BTN commits to pay
the amount of guarantee value stated in the Bank Guarantee as the Applicant
defaults or not able fulfill its obligations to the Beneficiary based on the
contract/SPK/agreement.
Standby Letter of Credit/Demand Guarantee is a Bank Guarantee service that
is subject to the provisions of ISP 98 (International Standby Practice 98)
latest edition and URDG (Uniform Rules for Demand Guarantee) latest edition.
e-Guarantee
Digital services to issue and manage Bank Guarantees with your own hands. With
approval matrix system that suits your company's organizational needs. Bank
Guarantees can be issued digitally or physically that can be picked up at the
nearest BTN Branch Office. e-Guarantee will help your company’s administration
to be well-documented.
e-Guarantee can be accessed through
https://e-guarantee.btn.co.id/.
Terms & Conditions
Requirements
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Have good performance
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Do not have problem loans
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The applicant of Bank Guarantee is a Business Entity incorporated in Indonesia or not and an individual domiciled in Indonesia with budget determination
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Not included in the blacklist
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Have been a BTN customer (giro, deposit, or savings)
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For the individual applicant, only aimed for full-cover bank guarantee applications
Credit Terms
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Maximum value of Bank Guarantee is the amount paid minus the guarantee counter (in the form of cash deposit/deposit)
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The maximum period of the Bank Guarantee is 12 months, starting from the date of realization of the Bank Guarantee
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Provision of 1% of guarantee value (eenmalig)
Types of Bank Guarantees
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1
Bid Bonds
To guarantee contractors/bidders/the supplier as the Applicant will not resign during the tender period and is willing to sign the contract/SPK/agreement after being appointed as the tender winner.
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2
Advance Payment Bond
To guarantee project implementers as the Applicant will carry out his work/obligations after receiving an advance payment from the employer/guarantee
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3
Performance Bond
To guarantee that the project implementer, as the Applicant, will complete the work according to the contract/SPK/agreement between the Applicant and the guarantee recipient
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4
Retention Bond
To guarantee the project implementer, as the Applicant, will carry out maintenance on the work during the warranty/maintenance period.
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5
Payment Bond
To guarantee employers/job owners/dealers/distributors/agents as the Applicant will pay executors/recipients of work/producers/traders according to the contract/SPK/agreement.
Find Answer For Your Question
2. Web-based application that makes you able to access anywhere and anytime
3. Process automation
4. Ease of checking the validity of the Bank Guarantee through the system
5. Easily to monitor transaction status and monthly Bank Guarantee reports