What is a draft bank?
Bank Draft is a securities that contains an unconditional order from the bank issuing the draft to another party (interested) to pay a certain amount of money to a certain person or his designated person at a predetermined time.
Benefits of Bank Draft
Cheap cost
The exchange rate and cost are cheaper compared to TT
Safe procedures
Only the name of the person listed in the Bank Draft can disburse it
Safer than cash
Money will be returned or can also issue a new Bank Draft if they is lost or stolen
Call Panin
Other Trade Finance
Correspondent Bank
PaninBank is supported by the world's leading Correspondent Banks
Export
Trade out of Indonesia's customs territory in accordance with applicable provisions
Import
Trade entering the Indonesian customs area in accordance with the applicable provisions
Remittance Panin
Remittances in foreign exchange to any country around the world
SKBDN
SKBDN is a Domestic Documented Letter of Credit.
