Jakarta, CNBC Indonesia – Apart from various features and services related to supply chain management, QLola by BRI also provides trade finance services for its business customers. Trade Finance is a customer's business activity in carrying out international and domestic trade transactions.

BRI Trade Finance Products and Services include international trade, both exports and imports, domestic trade and bank guarantees. These products will certainly make it easier and smoother for business actors to carry out various business activities.

Regarding International Trade (Export) products, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) provides various advantages such as, Financing facilities help realize export transactions at competitive interest rates. Consultation with Trade Finance Specialists regarding export transactions. BRI's extensive correspondent network makes it possible to receive L/C from banks throughout the world.

Apart from that, it will also be easier for customers to send export documents using global courier service providers. Fast L/C document process. There is also a tracer facility that will make it easier to monitor customer payments.

Meanwhile, regarding International Trade (Import) products, QLola by BRI provides various advantages, including financing to customers which is available in various currencies according to the demands of business needs with overseas counterparties. Then it can increase the bona fides of business actors because the L/C used is issued by an international bank.

Don't forget that there are also import financing facilities available which can increase the credibility of business people in the eyes of suppliers by paying in cash. BRI also provides consultations with Trade Finance Specialists regarding Import transactions. Providing Shipping Guarantee facilities to relieve and protect business actors from demurrage costs due to document delays. And the tracer facility makes payment monitoring activities easier.

Meanwhile, regarding domestic trade products, they can be served using SKBDN or Non SKBDN instruments. SKBDN or local LC. is an instrument used for domestic trade transactions which is a payment promise from the SKBDN opening bank to the seller as long as the seller can fulfill the documents in accordance with the SKBDN requirements.

Some of the services that can be enjoyed for Domestic Trade (Purchases) include Issuance & Amendment of SKBDN, Inward Documentary Collection – Non SKBDN (Domestic), Issuance of UPAS & UPAU SKBDN, Issuance of Shipping Guarantee on the basis of SKBDN.

Meanwhile, for Domestic Trade Services (Sales) there are SKBDN Issuance & Amendment services, Inward Documentary Collection – Non SKBDN (Domestic), Confirming SKBDN, and Outward Documentary Collection – Non SKBDN (Domestic).

For domestic trade financing, BRI provides Pre-Shipment Import Financing and Post-Shipment Import Financing services. For Domestic Trade financing (on the basis of SKBDN), Pre-Delivery Financing services are available in the form of working capital credit. Then there is also a Post-Delivery Financing service for both negotiations on the basis of Sight SKBDN and discounts on the basis of Usance SKBDN.

Not to forget Domestic Trade Financing (on a Non-SKBDN basis) BRI provides Document Against Payment (D/P) Financing, Document Against Acceptance (D/A) Financing and Open Account Financing (OAF) services.

Guarantee

BRI serves the issuance of Guarantees in order to provide a guarantee (guarantee) based on the Customer's request for the benefit of another Bank or party receiving the guarantee (beneficiary). This also includes collateral for providing credit.

The Guarantee Issuance Conditions:

1. International Standby Practices (ISP'98), the product is called a Standby Letter of Credit (SBLC).

2. Uniform Rules for Demand Guarantee (URDG'758), the product is referred to as Demand Guarantee (DG).

3. Civil Code (KUHPer), the product is called a Bank Guarantee (BG).

Meanwhile, the types of guarantees available at BRI include Performance, Advance Payment, Bid, Counter, Financial, Direct Pay, Insurance and Commercial.

Apart from that, BRI also serves the forwarding of Guarantees and amendments (if any) issued by various banks throughout Indonesia and banks abroad to customers.

The advantage provided by this service is that BRI's extensive correspondent network makes it possible to receive L/C from banks throughout the world. Increase the bona fides of business actors because the L/C used is issued by an international standard bank. Providing consultations with our Trade Finance Specialists regarding domestic trade transactions (purchases & sales).

Also providing Shipping Guarantee facilities relieves and protects you from demurrage costs due to document delays. Sending export documents using a trusted courier service provider. The tracer facility makes it easier to monitor customer payments.

Complete, right? For further information, visit bbri.id/QLolabyBRI.

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