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Product Information

Description

1

Product Name

Export Credit

2

Types of Products

Loan Products

3

Issuer Name

Bank SBI Indonesia

4

Main Feature

Export Credit is short term working capital credit granted to the exporter to fund producing activities, goods collection or goods preparation in order for exporting activities

5

Benefits

Export credit facility can be provided in the forms of Pre Shipment Financing or Pre Export Financing (PEF) is short term working capital credit facility utilized for financing of goods production, collection or preparing activities in order for export activities. Post Shipment Financing, is short term working capital credit facility utilized for financing of receivables or payables of export activities conducted by the customers.

6

Risk

Failure to pay in accordance with the obligations that have been agreed

7

Requirements & Procedures

The customer fills out and signs the Account Opening Application Form for Export Credit and Customer having account and follows the terms & conditions applicable at Bank SBI Indonesia and submits Photocopies of KTP/Passport/SIM for Indonesian citizens and KITAS for foreigners, NPWP. and the legality of the company You can submit questions and complaints through the nearest Branch Office and contact the Call Center number listed. Complete the requirements by submitting the form to the bank, along with historical data consisting of financial developments (can be seen in the balance sheet and profit and loss), type, amount and use of credit and debit balances (for those who have obtained credit), administration and reports, consistency with credit terms, sources and uses of funds, cash flows (cash flow) data on cash receipts and disbursements accompanied by factors that influence it, purchases, production and sales/exports, resources (human, capital and material). Submitting collateral data is a record and mastery of documents or physical collateral related to the credit requested. This data consists of a list of collateral, type of collateral, location, ownership, market, juridical value and economic value, as well as the binding method.

8

Charges

Interest Rates and Provision/Administrative/Insurance Fees

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Additional Information

Individual & Corporate Customers

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Simulations and/or historical data, in terms of products and/or services that have funding , lending activities and/or fund management

The balance position at the end of the day of the loans Customer is IDR 10,000, Interest 5 %, , then the interest payed by the  Customer on that day according is: 10,000 x 5% divided by 360