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The Regulation Of Bank Indonesia No. 12/5/pbi/2010 2010

Original Language Title: Peraturan Bank Indonesia Nomor 12/5/PBI/2010 Tahun 2010

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he Article 23 of the paragraph (2);
D. Deleted
(3) The mechanism of the use and settlement of collateral as referred to in paragraph (2) of the letter c is done in accordance with the provisions of the Bank of Indonesia which regulates the intrusion of intrahari liquidity facilities for the General Bank and the intrahari liquidity facility for banks that carry out venture activities based on the principle of sharia.
(4) Remoted.
(5) Further provisions on the Final Settlement mechanism over the calculation of the Debet calculation are provided with the Indonesian Bank Circular Letter.

6. Among Articles 88 and Section 89 is inserted 1 (one) Section, i.e. Section 88A, thus it reads as follows:

Section 88A
(1) The Host of Local Kliring and Participant can agree on the establishment of a forum which aims to set up its own technical matters by reporting a written plan for the establishment of the forum to the Bank of Indonesia.
(2) The rules issued by the forum as referred to in paragraph (1) are first consulted to the Bank of Indonesia and shall not conflict with the Bank of Indonesia's rules and policies.
(3) The Host of Local Cliringes and Participants who are members in the forum as referred to in paragraph (1) must follow and submit to the rules that have been issued and become such a forum deal or institution.

Section II
The Bank of Indonesia's rules came into effect on 30 April 2010.

In order for everyone to know, order the invitational of the Bank of Indonesia Regulation with its placement in the Republic of Indonesia State Sheet.

Set in Jakarta
On March 12, 2010
Pjs. INDONESIAN BANK GOVERNOR,

DARMIN NASUTION
Promulgated in Jakarta
On March 12, 2010
MINISTER OF LAW AND HUMAN RIGHTS
REPUBLIC OF INDONESIA,

PATRIALIST AKBAR

ndonesia) Indonesia Year 2009 Number 7, Additional Gazette of the Republic of Indonesia No. 7 4962);
3. Act No. 21 of 2008 on Sharia Banking (State Sheet of the Republic of Indonesia 2008 Number 94, Additional Gazette of the Republic of Indonesia Number 4867);

DECIDED:

Establish: INDONESIAN BANK REGULATIONS ON CHANGES TO INDONESIA ' S BANK REGULATIONS NUMBER 7/18/PBI/2005 ABOUT THE INDONESIAN BANK CLEARING SYSTEM.

Section I
Some of the provisions in the Bank Indonesia Regulation No. 7/18/PBI/2005 On the National Cliring System of Indonesia (Indonesian Republic of Indonesia Year 2005 Number 65, Additional Gazette of the Republic of Indonesia No. 4516) were changed as following:
1. The provisions of Article 1 of the number 4 are changed, so it reads as follows:

Section 1
4. The clearing is the exchange of electronic financial data and/or any of the clearing participants either on behalf of the participant or in the name of the customer whose calculation is completed at any given time.

2. The provisions of Article 13 of the paragraph (2) are changed, so that Article 13 reads as follows:

Section 13
(1) The Final Settlement in the hosting of Debet Kliring and Kliring Credits is performed by PKN based on the calculation results of net multilateral.
(2) The Final Settlement as referred to in paragraph (1) is conducted under the principle of debt renewal (novasi) with regard to the adequacy of funds from the Participant.
(3) The Final Settlement as referred to in paragraph (1) is final and cannot be undone.
(4) The Final Settlement as referred to in paragraph (1) is done based on the principle same day settlement.

3. The provisions of Article 18 are changed, so it reads as follows:

Section 18
(1) The Debet Kliring calculation is done on the basis of DKE Debet received by PKL and supported with initial funding (prefund) sufficient recipient of the recipient.
(2) In the event of a DKE Debet that is not supported with initial funding (prefund) sufficient recipient of the Client to schedule the Kliring schedule in a PKL, then PKL does not account for part or all of DKE Debet The recipient of the recipient in the Region Kliring referred to.
(3) The PKL does not account for partial or whole DKE Debet Participant is not supported with initial funding (prefund) as referred to in paragraph (2) based on information from PKN.
(4) In the event of a DKE that is not taken into account in the final settlement as referred to in paragraph (2), then the Warkat Debet of DKE must be completed between the recipient and the sender's Participant.
(5) The provisions regarding the calculation of a Debet Cliring based on DKE Debet as referred to in paragraph (1) to the verse (4) are governed by the Indonesian Bank Circular Letter.

4. Article 23 paragraph (1) is changed, so Article 23 reads as follows:

Section 23
(1) PKN provides information on the potential liability of each of the Bank nationally which must be met with initial funding (prefund) by the Bank in Kliring the submission as per the Schedule Kliring schedule on each Region Clearing.
(2) In terms of the potential liability as referred to in paragraph (1) greater than the total initial funding (prefund) Bank as referred to in Article 22 of the paragraph (1), then the Bank must add to its initial funding shortfall (prefund) in the form of cash funds (cash prefund) and/or collateral (collateral prefund) to the deadline for the Kliring schedule in each of the Kliring Region.
(3) The provisions of the mechanism and the setting of time limits the addition of initial funding (prefund) as referred to in paragraph (2) are governed by the Indonesian Bank Circular Letter.

5. Terms of Section 24 paragraph (2) of the letter d and Section 24 of the paragraph (4) are removed, so that Article 24 reads as follows:

Section 24
(1) The final completion of the Debet Kliring calculation is nationally conducted in accordance with the schedule set by the Bank of Indonesia.
(2) The Bank ' s Obligability in the Completion Completion of Debet as referred to in paragraph (1) is filled with the source of the funds with priority usage as follows:
a. Cash funds (cash prefunds) provided by the Bank up to the end of the initial funding addition deadline (prefund) as referred to in Article 23 of the paragraph (2);
B. Funds available on the giro Bank account in Bank Indonesia.
C. Agunan (collateral prefund) available on FLI-Kliring collateral accounts or FLIS-Kliring agunan accounts provided by the Bank until the expiration of the initial funding addition (prefund) as referred to in t