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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.

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Increasing Credibility

The customer is guaranteed by BTN as one of the state-owned banks

Meningkatkan Peluang Usaha

Increasing Business Opportunities

Meet the needs of various types of business actors

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Flexible

Can be issued with various kinds of counter/guarantee

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Competitive Provision

Competitive provision fee

icon-atm

Increasing Credibility

The customer is guaranteed by BTN as one of the state-owned banks

Meningkatkan Peluang Usaha

Increasing Business Opportunities

Meet the needs of various types of business actors

icon-percentage

Flexible

Can be issued with various kinds of counter/guarantee

icon-waktu

Competitive Provision

Competitive provision fee

e-Guarantee


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

  • Have good performance

  • Do not have problem loans

  • The applicant of Bank Guarantee is a Business Entity incorporated in Indonesia or not and an individual domiciled in Indonesia with budget determination

  • Not included in the blacklist

  • Have been a BTN customer (giro, deposit, or savings)

  • For the individual applicant, only aimed for full-cover bank guarantee applications

Credit Terms

  • Maximum value of Bank Guarantee is the amount paid minus the guarantee counter (in the form of cash deposit/deposit)

  • The maximum period of the Bank Guarantee is 12 months, starting from the date of realization of the Bank Guarantee

  • Provision of 1% of guarantee value (eenmalig)

Types of Bank Guarantees

  • 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.

  • 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

  • 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

  • 4

    Retention Bond

    To guarantee the project implementer, as the Applicant, will carry out maintenance on the work during the warranty/maintenance period.

  • 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

What is a Bank Guarantee?

Bank Guarantee is a statement issued by the Bank at the request of the customer to guarantee certain risks that arise if the customer cannot fulfill his obligations to the party receiving the guarantee.

What are the types of Bank Guarantee?

Bank Guarantee consists of 5 types: Bid Bond, Advance Payment Bond, Performance Bond, Payment Bond, and Retention Bond.

What are the fees required for Bank Guarantee service?

Bank Guarantee requires issuance fees, amendments (if any), administration, stamps, etc.

How to Apply for e-Guarantee?

Go to https://e-guarantee.btn.co.id/ and click on Register. Fill in the form and follow the instructions.

What are the advantages of e-Guarantee?

1. Secure because it has approval matrix that suits your organizational needs.
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

What to do if e-Guarantee registration has not been approved?

Make sure the bank officer able to contact the registered person. You may also visit the selected BTN Branch Office during registration to verify or fulfill required documents.

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