bank guarantee
Collaborating with a company licensed by the Financial Services Authority (OJK) as Financial Guarantee for Non-Bank Financial Institutions to assist clients with their Bank Guarantee and Surety Bond needs. ExcellTrust is here to help our clients.
Bank Guarantees and Surety Bonds can be used for Construction and non-Construction Project activities / Procurement of Goods & Services. ExcellTrust will always provide the right solution in terms of management and at the same time protecting finances in activities/projects that will be or are currently underway from risks that may occur. Several leading banks and well-known insurance companies have collaborated with our partners for bank guarantee and surety bond creation services.
What are the benefits of BANK GUARANTEES offered through ExcellTrust? ExcellTrust understands that every client does not always have a guarantee that can be given for every project proposed or requires certainty of payment for the project being carried out, especially in this case the contractor needs to pay the initial costs for each project being carried out but is worried about subsequent payments, as does the owner Projects also require a guarantee of project completion. The example above is when a Bank Guarantee is needed for contractors and project owners so that both parties feel safe carrying out the project. need.
ExcellTrust's task is to ensure that the proposed project is Clean and Clear and then collaborates with our partners to provide a Bank Guarantee for Clients who need it. Bank Guarantees are issued by several leading banks.
What are the benefits of the bank from providing a Bank Guarantee? For providing a Bank Guarantee to its customer or guaranteed person, the Bank will receive compensation for services from the guaranteed person (Applicant) in the form of a certain amount of money which is called a 'provision'. Usually the provision is calculated on the basis of a certain percentage of the nominal amount of the Bank Guarantee and for a certain period of time, it could be a quarter, semester or one year and so on.
BENEFITS AND USES OF BANK GUARANTEES
Bank Guarantees are issued at the request of the customer (Applicant) which will be used for various purposes according to the customer's business transaction needs, the general benefits are as a means to expedite the traffic of goods and services, ease Cash Flow, etc. The recipient of the guarantee (Beneficiary) will not suffer losses if the guaranteed party (Applicant) neglects his obligations because the recipient of the guarantee (Beneficiary) will receive compensation (payment) from the bank. Meanwhile, the various uses of Bank Guarantees will be seen in the types of Bank Guarantees as below:
BANK GUARANTEE SERVICES Trade transactions or projects of large value generally require the inclusion of a Bank Guarantee. To meet your business needs, take advantage of Bank Guarantee services. You can choose various types of Bank Guarantees to suit your business needs.
Our bank guarantee or standby LC products have been trusted to guarantee various large projects. We understand that customers' goals and needs are different, therefore we have designed this product according to your goals and needs.
We provide Bank Guarantee / Standby LC solutions to meet your needs:
Bid Bond
Guarantee issued to fulfill your prerequisites when participating in a tender/auction
Payment Bonds
Guarantees issued to guarantee your payments to third parties.
Maintenance Bonds
Warranty issued to guarantee maintenance of the project
Advance Payment Bond
A guarantee issued to guarantee the performance of your work which has been paid in advance by a third party.
Performance Bond
A guarantee issued to guarantee the implementation of a project, generally a construction project, belonging to a third party.
Import Duty Exemption and Refund Management Center (P4BM)
A guarantee issued specifically to guarantee payment by you to P4BM for Import Duties, Additional Import Duties and VAT on goods and materials of imported origin whose payment has been deferred.
OTHER:
Bank Guarantees and Surety Bonds can be used for Construction and non-Construction Project activities / Procurement of Goods & Services. ExcellTrust will always provide the right solution in terms of management and at the same time protecting finances in activities/projects that will be or are currently underway from risks that may occur. Several leading banks and well-known insurance companies have collaborated with our partners for bank guarantee and surety bond creation services.
What are the benefits of BANK GUARANTEES offered through ExcellTrust? ExcellTrust understands that every client does not always have a guarantee that can be given for every project proposed or requires certainty of payment for the project being carried out, especially in this case the contractor needs to pay the initial costs for each project being carried out but is worried about subsequent payments, as does the owner Projects also require a guarantee of project completion. The example above is when a Bank Guarantee is needed for contractors and project owners so that both parties feel safe carrying out the project. need.
ExcellTrust's task is to ensure that the proposed project is Clean and Clear and then collaborates with our partners to provide a Bank Guarantee for Clients who need it. Bank Guarantees are issued by several leading banks.
What are the benefits of the bank from providing a Bank Guarantee? For providing a Bank Guarantee to its customer or guaranteed person, the Bank will receive compensation for services from the guaranteed person (Applicant) in the form of a certain amount of money which is called a 'provision'. Usually the provision is calculated on the basis of a certain percentage of the nominal amount of the Bank Guarantee and for a certain period of time, it could be a quarter, semester or one year and so on.
BENEFITS AND USES OF BANK GUARANTEES
Bank Guarantees are issued at the request of the customer (Applicant) which will be used for various purposes according to the customer's business transaction needs, the general benefits are as a means to expedite the traffic of goods and services, ease Cash Flow, etc. The recipient of the guarantee (Beneficiary) will not suffer losses if the guaranteed party (Applicant) neglects his obligations because the recipient of the guarantee (Beneficiary) will receive compensation (payment) from the bank. Meanwhile, the various uses of Bank Guarantees will be seen in the types of Bank Guarantees as below:
BANK GUARANTEE SERVICES Trade transactions or projects of large value generally require the inclusion of a Bank Guarantee. To meet your business needs, take advantage of Bank Guarantee services. You can choose various types of Bank Guarantees to suit your business needs.
Our bank guarantee or standby LC products have been trusted to guarantee various large projects. We understand that customers' goals and needs are different, therefore we have designed this product according to your goals and needs.
We provide Bank Guarantee / Standby LC solutions to meet your needs:
Bid Bond
Guarantee issued to fulfill your prerequisites when participating in a tender/auction
Payment Bonds
Guarantees issued to guarantee your payments to third parties.
Maintenance Bonds
Warranty issued to guarantee maintenance of the project
Advance Payment Bond
A guarantee issued to guarantee the performance of your work which has been paid in advance by a third party.
Performance Bond
A guarantee issued to guarantee the implementation of a project, generally a construction project, belonging to a third party.
Import Duty Exemption and Refund Management Center (P4BM)
A guarantee issued specifically to guarantee payment by you to P4BM for Import Duties, Additional Import Duties and VAT on goods and materials of imported origin whose payment has been deferred.
OTHER:
- Bank Guarantee for Receipt of Work Advance Payments (Advance Payment Bond)
- Bank Guarantee for Work Implementation (Performance Bond)
- Bank Guarantee for Maintenance (Retention Bond)
- Bank Guarantee for Trade (Agent, Dealer)
- Bank Guarantee for Fixed Asset Purchases
- Bank Guarantee to the Ministry of Mines and Energy
- Bank Guarantee to guarantee the Creditor
- Bank Guarantee for Purchase/Procurement of Raw Materials
FUND PROCESS
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1. We help you with your Finance Structure so that your application is safe from applicable laws, safe from investments made by investors and safe for your business journey.
2. We do not assess applications based on the applicant's Credit Score, like banks in general. As a Firm Investor, we pay attention to Cash Flow, related documents, and security of funds for the proposed business project. As well as helping the solution to be declared worthy of funding by our investors. 3. We have connections and networks that can be trusted and proven in implementing fund reduction. Including BANK INDONESIA, THE FINANCIAL SERVICES AUTHORITY (OJK) and other parties who may be involved in your project - to ensure transactions run safely and profitably for you and investors. 4. We have a track record of our work that will never carry out transactions that could conflict with applicable law - so transactions are guaranteed to be safe. 5. We are experienced in handling projects up to tens of trillions of Rupiah; with well-known clients and partners, public companies to leading state-owned companies - not all parties have experience in handling funds of that size. So you can ensure that the process with us is something that is not trial and error. |
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