Group 5

Data

Dana perlu IDR48b (USD 5m s-rate:9800) Dana talangan DBS USD 5m lending rate 6%pa S-rate mandiri 13/04/2013=9900 (jual); 9800 (beli)

Jatuh tempo pinjaman: 13/04/2014

Sisihan keuntungan 11 bulan total IDR 55b

Swap; 9800x1.02=9996

Principal USD 5m x 9996= IDR 49,980,000,000 Forward 300,000x10000= IDR 3,000,000,000 Admin swap 10,000,000 Forward kontrak 18,000,000 Total IDR 53,008,000,000 Forward contract IDR 10,000xUSD 5.3m=IDR 53,000,000,000 Administrasi IDR 18m x6x1.12= IDR120,960,000 Total IDR 53,120,960,000 Call premium: IDR 98 x USD5.3m= IDR 581,728,000 Principal+interest: IDR9996xUSD 5.3m= IDR 52,978,800,000 Total= IDR 53,978,800,000

Forward Contract

Call Option

Buy Long

FV 5.300.000 => (5,000,000 + 6% x 5,000,000) have to be PV (2% pa)= $5,196,078.43, convert to rupiah (kurs Rp.9,990/$) => Rp. 51,908,819,220 With rupiah loan rate 12% pa => Total Long ( 51,908,819,220 + 12% x 51,908,819,220)= Rp. 58,137,877,530

Toyota Ltd

Mitsui

TAM

Mandiri

Dana Pensiun

 Assuming

Terms of payment is 1 year; The net receivable after the speedup is:
Toyota ltd : USD 9,4m Dana pensiun nett: USD 400,000 TAM: paid USD 10m Mandiri nett and Mitsui nett: USD 100,000

Stand By Letter of Credit

A guarantee of payment issued by a bank on behalf of a client that is used as "payment of last resort" should the client fail to fulfill a contractual commitment with a third party. Standby letters of credit are created as a sign of good faith in business transactions, and are proof of a buyer's credit quality and repayment abilities. The bank issuing the SLOC will perform brief underwriting duties to ensure the credit quality of the party seeking the letter of credit, then send notification to the bank of the party requesting the letter of credit (typically a seller or creditor).

Usance Letter of Credit 90 days

Letter of credit that have terms stated that the exporter will issue draft for 90 days sight, but gets the money at sight. but the importer will pay his bank after 90 days A legal document between the shipper of a particular good and the carrier detailing the type, quantity and destination of the good being carried. The bill of lading also serves as a receipt of shipment when the good is delivered to the predetermined destination. This document must accompany the shipped goods, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper and receiver. A specific type of letter of credit in which a buyer extends an unsecured loan to a seller. Red Clause Letters of Credit permit documentary credit beneficiaries to receive funds for any merchandise outlined in the letter of credit. These letters are commonly used by beneficiaries who act as purchasing agents for buyers in another country

Bill of Lading

Red Clause Letter of Credit