1. INSURANCE
This product provides protection for Indonesian Exporters and Indonesian investors overseas against any possible losses due to any commercial or political risks. The insurance protection undertaken by Indonesia Eximbank includes:
a. Insurance for the risk of export failure;
b. Insurance for the risk payment failure;
c. Insurance for investment made by Indonesian companies overseas; and/or
d. Insurance for any political risk in a country of destination for exports.
Advantages of Insurance protection from Indonesia Eximbank:
• Help increase the trust of the Exporter in open account transactions;
• Help increase sales and expansion;
• Increase competitiveness;
• Increase buyer’s loyalty;
• Provide compensation certainty;
• Protect companies against bankruptcy;
• Improve the balance sheet of companies;
• Help increase the debtor’s trust to open the Trade Financing access in Indonesia Eximbank and in other Financial Institutions.
2. GUARANTEE
Providing the Guarantee for the third parties (Project Owner/’Bouwheer’/Guarantee Recipients) for the obligation of fulfilling the performance of the guaranteed parties (Principal/Contractor/Guaranteed). The Guarantee that may be issued by Indonesia Eximbank includes the Guarantee for the Construction Services and/or the Procurement of Goods and Guarantee in connection with the Deferment/Exemption of Excise Facilities
a. Guarantee for Construction Services and/or Goods Procurement Services:
• Bid / Tender Guarantee;
• Performance Guarantee;
• Advance Payment Guarantee;
• Maintenance Guarantee;
• Payment Guarantee;
b. Guarantee for Deferment / Exemption of Excise Facilities
Import Facility for Export Purpose (KITE)
3. CREDIT GUARANTEE FOR BANKS
Providing guarantee for possible failures in the repayment of the financing facilities provided by the Banks / Financing Institutions for the debtors. This product is widely used by the Financial Institutions/Banks to maintain good relationships and increase the loyalty of their Customers, because through the guarantee from Indonesia Eximbank, the banks will be more confident to provide the financing facilities for their debtors who have the business feasibility prospects but are not adequately bankable.
4. WHY FROM INDONESIA EXIMBANK ?
• Indonesia Eximbank is a special institution established by the government to protect and assist in the growth of the national exports. As the institution is a state representation, the Insurance and guarantee products administered by Indonesia Eximbank provide more certainty for the payment of compensation or benefits for the service users.
• Indonesia Eximbank has a great risk acceptance capacity, which is even greater than the average retention capacity of any insurance or guarantee companies in Indonesia, and thus Indonesia Eximbank has the capacity to fulfill the obligation of payment of compensation or benefits to the service users without disrupting its financial stability.
• Indonesia Eximbank forges cooperation relationships with the Eximbank institutions in other countries and the reputable insurance/reinsurance companies nationally and globally.