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Domestic Letter of Credit


A Domestic Letter of Credit (L/C) orSurat Kredit Berdokumen Dalam Negeri(SKBDN) is every written commitment by a Bank (opening bank) issued following a written request from an applicant, which binds the opening bank to:

  • Perform payment to a beneficiary, or accept and pay a draft withdrawn by a beneficiary, or
  • To grant authority to another bank to perform payment to a beneficiary, or to accept and pay a draft withdrawn by a beneficiary, or
  • To grant authority to another bank to negotiate on a draft withdrawn by a beneficiary.

over the submission of documents, provided that the requirements and conditions of the Domestic L/C (SKBDN) are met.

Applicant Requirements

  • To sign a Domestic L/C (SKBDN) agreement.
  • The Domestic L/C (SKBDN) must be opened in Rupiah (IDR).
  • To deposit the Cover Marginal Deposit (MD) or to have obtained a financing facility from BNI Syariah.

General Requirements

  • To comply with Bank Indonesia regulations.
  • The issuing bank, applicant and beneficiary must reside in Indonesia and the trade of goods must be conducted domestically.
  • Every opening and adjustment to the Domestic L/C (SKBDN) shall comply with the Decree of the Director of Bank Indonesia, drafted in Indonesian.
  • The Domestic L/C is issued based on a Foreign L/C (Master L/C) or related to non-L/C payment methods for export purposes.
  • The Domestic L/C (SKBDN) currency is determined in accordance with applicable terms.

Benefits of Domestic L/C (SKBDN) Transactions via BNI Syariah

  • Documents are processed by BNI"s Trade Processing Centre which is ISO-certified in guaranteeing fast service for customers.
  • BNI Syariah has built a good relationship with renowned correspondent banks around the world.