thawing and/or terminates the FPJPS agreement before falling time in case of breach of the FPJPS requirement by the Bank.
(2) The termination of the FPJPS and/or termination of the FPJPS agreement as referred to in paragraph (1) caused by breach of the FPJPS requirement, performed after the action as contemplated in Section 7 of the paragr
(1) The FPJPS Shogunate as referred to in Section 5 paragraph (1) must be free of any form of attachment, dispute, and not being warranted to any other party and/or Bank of Indonesia, expressed in the Bank of Directors ' statement letter to Bank Indonesia.
(2) The Bank that has acquired the FPJPS is prohibited to sell and/or guarantee the return of a valuable mail that is still in status as an agunan FPJPS.
(3) The bank shall replace and/or add the FPJPS collateral if it does not meet the conditions as referred to in paragraph (1) and paragraph (2).
(4) The bank is required to perform an assessment of the FPJPS agunan periodically in a given period.
(5) The bank is required to add and/or replace the FPJPS agunan, if:
a. There is a decrease in the value of a valuable letter in the form of SBSN and the precious letter of sharia issued by the legal entity as referred to in Article 6 of the letter b and the letter c; and/or
B. The included assets are no longer meeting the criteria referred to in Section 5 of the paragraph (3) and/or the decrease in the value of the financing assets as referred to in Section 6 of the paragraph (1) letter d.
(6) For the purpose of extension of the FPJPS, the Bank may guarantee the return of the assets that are being agunan FPJPS.
(7) The further provisions of the FPJPS agunan assessment period as referred to in paragraph (4) are set in the Indonesian Bank Circular Letter.
5. In between Section 7 and Section 8 of the section 2 (two) sections, Section 7A and Section 7B are listed as follows:
Section 7A
(1) The Bank of Indonesia may establish:
a. the addition of a certain percentage of the value of a valuable letter in the SBSN and the valuable letter of sharia issued by another legal entity as referred to in Article 6 of the paragraph (1) letter b and letter c; and/or
B. the percentage limit of the decrease in the value of a valuable letter in the SBSN and the precious letter of sharia issued by another legal entity higher than the percentage referred to in Article 6 of the paragraph b and the letter c.
(2) The further provisions of the addition of a certain percentage and the percentage limit decrease in the value of a valuable letter as referred to in paragraph (1) are set in the Indonesian Bank Circular Letter.
Section 7B
(1) The bank is required to maintain and view a list of financing assets that meet the requirements to become a FPJPS agunan.
(2) The bank is required to submit a report on the list of the Financing Assets as referred to in paragraph (1) to the Bank of Indonesia every 6 (six) months, i.e. for the final position of June and the end of December, at least 15 (fifteen). After the end of the month.
(3) For the first time, the Financing Asset list report was delivered for the position of June 2013.
(4) The bank may deliver a nil report if it does not have a financing asset that meets the requirements as collateral for FPJPS or does not allocate financing assets as collateral to anticipate the needs of the FPJPS.
(5) The further provisions of the method of delivery of the list of financing assets and their supporting documents are set in the Indonesian Bank Circular Letter.
6. The provisions of Article 10 are deleted.
7. The provisions of Article 13 are changed so that it reads as follows:
Section 13
The bank may apply for an extension of the FPJPS as referred to in Article 12 of the paragraph (2) with the following provisions:
a. return payment for the due FPJPS has been paid off;
B. The bank may not meet the obligations of GWM rupiah based on forecast of cash flow for 14 (fourteen) days ahead; and
c. agunan sufficient and fulfilling the requirements as referred to in Section 5, Section 6 and Section 7.
8. The provisions of Article 14 are changed so that it reads as follows:
Section 14
Banks can apply for additional FPJPS value needed throughout:
a. collateral sufficient and fulfilling the requirements as referred to in Section 5, Section 6 and Section 7; and
B. use of FPJPS has not exceeded 90 (ninety) consecutive days as referred to in Article 12 of the paragraph (2).
9. In between Section 14 and Section 15 are inserted three (three) articles, Section 14A, Section 14B, and Article 14C that reads as follows:
Section 14A
(1) The Bank of Indonesia ' s approval of the FPJPS request as referred to in Article 9 of the paragraph (1), the extension of the FPJPS as referred to in Article 13, and/or the addition of the FPJPS as referred to in Article 14 is done if:
a. The Bank meets the FPJPS application requirement;
B. The bank meets the requirements of the FPJPS request document; and
C. Based on the Bank Indonesia analysis it is estimated that the Bank is unable to meet GWM obligations based on forecast of cash flow for 14 (fourteen) days ahead.
(2) The FPJPS grant agreement as referred to in paragraph (1) is poured in the FPJPS grant agreement between the Bank of Indonesia with the FPJPS recipient Bank.
(3) The FPJPS grant agreement as referred to in paragraph (2) is attached to the FPJPS agunan binding agreement.
(4) The Realization of the awarding of FPJPS by the Bank of Indonesia is carried out through the account of the giro rupiah Bank concerned at the Bank of Indonesia.
(5) Further provisions on the grant agreement of FPJPS are set in the Indonesian Bank Circular Letter.
Section 14B
The Bank of Indonesia rejects the application of the FPJPS extension as referred to in Article 13 and/or the application of the addition of the FPJPS as referred to in Article 14 in terms of:
a. the application of the FPJPS and/eiling calculated based on the nominal value of the letter;
B. In the event of a SBSN, the collateral value is set to be at least 105% (one hundred and five percent) of the FPJPS ceiling calculated based on the value of the value of the value of the letter;
c. in the event of a valuable letter as referred to in Section 5 (2) of the letter b, the collateral value is specified in accordance with the most less than 120% (one hundred twenty percent) of the FPJPS plaphone, which is calculated based on the value of the valuable mail market;
D. In terms of collateral, such collateral value is set to be at least 200% (two hundred percent) of the FPJPS plaphone, which is calculated based on the underlying asset balance of the financing.
(2) The terms of the nominal value and market value as such in paragraph (1) let
