Highlights Management Company Management Discussion Operational Review Corporate Governance Corporate Social Corporate Data Financial Reports Profile & Analysis Responsibility Statements 452 PT Bank Danamon Indonesia, Tbk. 2015 Annual Report Highlights Management Company Management Discussion Operational Review Corporate Governance Corporate Social Corporate Data Financial Reports Profile & Analysis Responsibility Statements Corporate Data Sub Contents 454 Products and Services 465 Executive Leaders 466 Office Address 475 Cross Reference of Financial Services Authority-FSA (formerly Bapepam-LK) No. X.K.6 481 Cross Reference of Annual Report Award Criteria 493 Cross Reference of Financial Services Authority-OJK 2015 Annual Report PT Bank Danamon Indonesia, Tbk. 453 Highlights Management Company Management Discussion Operational Review Corporate Governance Corporate Social Corporate Data Financial Reports Profile & Analysis Responsibility Statements Products and Services WHOLESALE BANKING • TIL-ABF GAF (General Asset Finance) Cash loan facilities for investment purposes. This Current Account Loan loan product is divided into 3 categories based Cash loan facilities for working capital needs. A on the types of collateral: printing equipment & short-term loan with an option to extend the packaging, material transporter, and equipment loan terms automatically and uses a cheque to machineries. withdraw the loan. This product offers flexibilities in • TIL-ABF TBB (Tugboat and Barge) withdrawing the loan and loan repayments. Cash loan facilities for investment purposes, with tugboats and barges as collateral. Loan Termed Loan repayment is arranged through scheduled Cash loan facility for seasonal working capital installments. needs. This is a short-term loan for with an option to automatically extend the loan terms and uses Giro Bisa a promissory note to withdraw the funds. Funds Leading Current Account which provides more withdrawal and repayment may be suited to benefits in comparison to ordinary Current Account. customer’s request as specified in the promissory note. INVESTMENTS & RETAIL TREASURY SERVICES Termed Installment Loan This is a cash loan for investment needs. Various Investment Gallery types of investment are available covering land and Unified Services for a variety of selected investment building, equipment, and industrial machinery, and products, Open Mutual Fund, Protected Mutual Fund, so forth. Loan terms vary starting from short-term Government Bond of the Republic of Indonesia in (< 1 year), or long term (> 1 year, with a maximum Rupiah & USD denomination as well as Indonesian term of 10 years), depending on the types of project Retail Government Bond and Indonesian Retail or investment terms. Loan repayment is based on Syariah Government Bond (Sukuk) supported by installment schedule. experienced Investment Manager business partners with the best performance records in the industry Buyer Financing Program (Schroeder Investment Management Indonesia, BNP Financing facilities for distributors/buyers, where Paribas-IP, Manulife Aset Manajemen Indonesia, Danamon establishes collaboration with principles/ Danareksa Investment Management, Batavia anchors of those distributors/buyers, thus enabling Prosperindo Aset Manajemen and Bahana TCW access to transaction facilities to increase business Investment Management). volumes for both parties. Retail Treasury Services Termed Installment Loan – Asset Based Foreign currency trade services in various major Financing (KAB-ABF) global currencies aimed for fulfilling the financial Cash loan facilities to fund purchases of various needs of retail customers, supported by a wide categories of assets through differentiation of credit distribution network and prime service quality. approaches. Loan repayment is carried out through a scheduled installment method. TRADE FINANCE • TIL-ABF HE (Heavy Equipment) Cash loan facilities for investment purposes with Letter of Credit heavy equipment as collateral. Based on a Letter of Credit (L/C), the Bank will • TIL-ABF CTV (Commercial Transportation provide a payment guarantee to the seller (exporter) Vehicle) while at the same time providing guarantee to the Cash loan facilities for investment purpose with buyer (importer) that the payment will only be made commercial trucks as collateral. after the delivery of the goods as specified in the L/C and the documents in accordance with the terms and conditions presented in the L/C. 454 PT Bank Danamon Indonesia, Tbk. 2015 Annual Report Highlights Management Company Management Discussion Operational Review Corporate Governance Corporate Social Corporate Data Financial Reports Profile & Analysis Responsibility Statements Incoming Collection Services Trade Finance Risk Participation A service provided by Danamon to handle documents This product is a transaction where a transfer of from documentary collection delivered by the counter party risk arising from underlying trade Remitting Bank to Danamon which serves as the finance in part or whole takes place in the form of Collecting Bank or Presenting Bank. incoming or outgoing risk; funded or unfunded; silent or disclosed; with or without recourse; made Incoming Collection Avalization through the signing of an offer letter between the Facility provided to customers in a combined form seller bank and the buyer bank, which is preceded between Incoming Collection Service and avalization by the signing of a Framework Agreement. by Danamon for acceptance by the drawee. Trade Commodity Financing (TCF) Shipping Guarantee TCF is a combination between the Trade Financing Shipping Guarantee provides facility to importer scheme and the Commodity Financing scheme (for L/C opened up by Danamon) to obtain proxy (hybrid scheme). TCF is designed as a special over goods from shipping company in the event financing scheme where the structure is adjusted that the Bill of Lading has not been received by the with the nature of business of the client and its Bank while the goods have been delivered to the commodity. TCF is financing where the payments destination port. are obtained from funds originating from the buyer when the funded goods have been delivered Clean L/C Negotiation (self-liquidating). The funded goods/document of A facility for the customers (beneficiary) in the ownership/receivables is used as collateral for the form of a take over (negotiation) of documents in bank under the Fiduciary Transfer of Ownership accordance with the terms and conditions specified (FTO). under the L/C/Domestic Letter of Credit (SKBDN) (clean documents/compliant). Import L/C Financing There are two types of Import L/C Financing (ILF) Discrepant L/C Negotiation owned by Danamon: (1) Import L/C Financing Sight A facility for the customers (beneficiary) in the form and (2) Import L/C Financing Usance. of a take over (negotiation) of documents which are not in accordance with the terms and conditions Import L/C Financing Sight determined under the L/C/SKBDN (discrepancy in A facility provided to the customers which is a documents/non-compliant). combination between L/C Import Sight provided altogether with the financing. Automatic financing Outgoing Collection Services is provided upon due date of the L/C Sight payment. A service provided by Danamon for handling of documents from documentary collection where Import L/C Financing Usance Danamon serves as the Remitting Bank. A facility provided to the customers which is a combination between L/C Import Usance and the Transferable L/C payable at sight clause provided altogether with Used to facilitate traders who are acting as the financing. Automatic financing is provided by intermediary (first beneficiary of the L/C) to gain means of at sight by the Financing Bank. benefit through the exchange of invoices as basis of transferable L/C. The Transferable L/C may be Financing Against TR transferred from the first beneficiary to one or more Short term financing for importer customers for second beneficiary. their needs of working capital and settlement of obligations to the supplier which are due based on L/C or Collection. Financing will be provided upon delivery of Trust Receipt and Promissory Note as a legal documentation. 2015 Annual Report PT Bank Danamon Indonesia, Tbk. 455 Highlights Management Company Management Discussion Operational Review Corporate Governance Corporate Social Corporate Data Financial Reports Profile & Analysis Responsibility Statements Pre-shipment Financing under L/C/PO Cash Pick Up & Delivery Services Short term financing provided for exporters for A service provided to the customers for withdrawing their needs of working capital (purchase of raw or sending cash money and/or script. With protection materials, production activity and others) before assurance (insured), credited to the customers’ shipment related to the exporting schedule and can account on the same day or the following day and be provided either based on L/C or Purchase Order. using the choice of calculation method which can be adjusted with the needs of the customers. Outgoing Collection Financing Financing by Danamon provided upon receivables Virtual Account owned by the seller (customers) invoiced through A cash management solution provided by Bank Danamon based on Outgoing Collection Services Danamon to provide ease in identifying the sender of transaction. the funds and the reconciliation process. Trade Supplier Financing e-Tax Financing provided to the seller based on Invoice and A real time on-line tax payment service through draft