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Global Banking
 
 
1. Bank Guarantee

Guarantee issued by the Bank resulting bank’s obligation to make payment to beneficiary in term of default with reference to KUHPerdata (Civil Law Statute) article 1831 or article 1832.
 
Types of Bank Guarantee available at BII
  1. Tender Bond / Bid Bond
  2. Performance Bond
  3. Advance Payment Bond
  4. Payment Bond
  5. Retention Bond
  6. Custom Bond
  7. Shipping Guarantee
 
Benefits in issuing Bank Guarantee at BII
You can give guarantee to the secured party (Beneficiary) in carrying out the transactions on the projects that you follow supported by BII as a bank that has a good credibility.
 
 
2. Standby Letter of Credit (SBLC)
Guarantee issued by the Bank resulting bank’s obligation to make payment to beneficiary in term of default with reference to International Standby Practice (ISP) 98 of Uniform Custom and Practice for Documentary Credit (UCP) 600.
 
Your Benefits in issuing SBLC at BII
BII has a variety of products of SBLC that can be customized with your needs. Through BII you can provide international guarantees to the Beneficiary under the executed contract.
 
 
3. Demand Guarantee
 
Guarantee issued by the Bank resulting bank’s obligation to make payment to beneficiary in term of default with reference to Uniform Rules for Demand Guarantee (URDG) 758.
 
Your Benefits in issuing Demand Guarantee at BII
Through BII you can provide international guarantees to the Beneficiary under the executed contract.
 
 
4. Counter Guarantee
Guarantee issued by the Bank to counter previous guarantee issued by other situation. The guarantee is issued based on beneficiary’s request.
 
Your Benefits in Using Counter Guarantee at BII
You can issue a Bank Guarantee or SBLC for the implementation of the project or for the payment to the secured party (Beneficiary) from internationally reputed banks without having to have a credit facility in the banks. 
 
* The terms and conditions apply
 
 

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