Thai Baht Local Currency Settlement Service (“IDR-THB LCS
Service”) is a service offered by PT Bank Danamon Indonesia Tbk as
an Appointed Cross Currency Dealer for Customers in facilitating
bilateral transaction settlement using Rupiah and Bath as the
IDR-THB LCS service:
use of local currency.
transactions become faster, more efficient and cheaper.
costs (Forward premiums are lower compared to Forward premiums
is guaranteed because it is supported by an Appointed Cross
Currency Dealer (ACCD) Bank in Thailand.
- Provide an
alternative investment outside of USD (for Banks and
Special Offer Free LCS Service Fee IDR-THB (Period
28 June - 31 December 2021)
75.000,- (seventy five thousand rupiah) per transaction.
Full Amount Fee
250.000,- (two hundred fifty thousand rupiah) per transaction.
Conditions of IDR-THB LCS Service:
use the IDR-THB LCS Service must be subject to and be bound by
the general terms and conditions of the Remittance service that
applies to the Bank.
LCS Terms and Conditions are an integral and inseparable part of
the General Terms and Conditions for Accounts and Banking
use IDR-THB LCS Services through Bank Branches or Treasury
Wholesale Sales/Relationships at the Bank (only for business
- IDR-THB LCS
Customer is required to send the underlying
transaction documents to the Bank on the
Business Day prior to (a day before) the
transaction date (underlying transaction
documents are required for transactions above
the equivalent of USD 100,000).
Bank will debit the funds from Customer's
Current Account or Saving Account at the Bank on
the transaction date. The funds will be received
by the beneficiary on the same Business Day (if
the execution instruction from the Customer is
received by the Bank before 12.00 WIB on the day
of the transaction execution.)
instruction of transaction execution given by
the Customer is a correct and valid instruction
as well as a Customer's approval for the
transaction to be implemented, which has the
same legal force as a written order signed by
the Customer's authorized official and is
legally binding as an evidence.
has the right to refuse to carry out the instructions of
transaction execution given by the Customer if:
transaction instructions given by the Customer
are not in accordance with the applicable
transaction terms at the Bank and/or the
prevailing laws and regulations; or
is a mismatch between underlying transaction
documents and type of transaction, transaction
nominal, transaction objective, transaction
currency, and other matters accepted by the
- For further
enquires, Customers are free to contact:
Danamon 1-500-900 (GSM) or e-mail:
email@example.com , or The
nearest Danamon Branch, or
nearest Danamon Branch
Manager or Treasury Sales in charge.
Customer complaint services can be accessed through this site
For more information click