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Local Currency Settlement

Local Currency Settlement

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Local Currency Settlement


Outward Remittance service transaction to Malaysia, Thailand, and Japan settled using the respective local currencies of the related countries, Indonesian Rupiah (IDR), Malaysian Ringgit (MYR), Thailand Baht, and Japanese Yen (JPY) which is more convenient and gives you more benefits to your trade of goods and services transaction.

Benefit


LCS MYR
  • Payment for imported goods
  • Payment for imported service, such as payment for hotel, hospital, educational institution, etc.
LCS JPY dan THB
  • Payment for imported goods and services
  • Transfer of income and direct investment
  • Payment for imported service, such as hotel, hospital, educational institution, and living cost
Special Promo

FREE Telex Fee of IDR 50,000 for every LCS JPY transaction and FREE Provisin in Lieu Fee for every LCS MYR and THB transaction valid until 31 December 2021

Important Information


Information

Currency

JPY

THB

MHY

IDR

LCS Transaction JPY can only be transferred to all banks in Japan     THB can only be transferred to all banks in Thailand THB can only be transferred to all banks in Malaysia THB can only be transferred to ACCD Bank1) in Japan5), Malaysia, and Thailand
Amount per transaction for Underlying Document Requirement for Foreign Currency Purchase > ekv. USD 25,000 Any Amount
Note :
1) Appointed Cross Currency Dealer (ACCD) is the Bank appointed by Central Bank to facilitate LCS transaction

Fees & Charge, Limit, and Interest Rate


Information

Currency

JPY

THB

MHY

IDR

Telex Fee IDR 50,000
Value Today1) IDR 30,000
Full Amount2) Min. 3.000 JPY Equivalent of USD 25 IDR 200,000
Provision in Lieu3) 0.125% x nominal (min eqv. USD 5; maks USD 150) Flat USD 5 -
Note :
1) Value Today is fund received by the Beneficiary Bank on the same day
2) Full Amount is transaction received in full by the Beneficiary
3) Provision in Lieu is the fee charged if the currency's source of fund is same the currency of the transaction
*) Full Amount fee of min 3,000 JPY is for the transaction transferred to ACCD Bank in Japan (Sumitomo Mitsui Bank Corp and MUFG Bank (Bank of Tokyo))
BCA Branch
Find the nearest BCA branch to get this product or service
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