The Regulation Of Bank Indonesia No. 10/25/pbi/2008 Year 2008

Original Language Title: Peraturan Bank Indonesia Nomor 10/25/PBI/2008 Tahun 2008

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PBI 10-25-2008 Text copy _?.
Back COUNTRY SHEET Republic of INDONESIA No. 159, 2008 (Additional explanation in the State Gazette of the Republic of Indonesia Number 4911) BANK INDONESIA REGULATION number: 10/25/PBI/2008 REGARDING CHANGES to BANK INDONESIA REGULATION number: 10/19/PBI/2008 REGARDING MINIMUM OBLIGATORY GIRO of PUBLIC BANK on BANK INDONESIA in RUPIAH and FOREIGN CURRENCY with the GRACE of GOD ALMIGHTY, the GOVERNOR of BANK INDONESIA, Considering: a. that the impact of the global financial and economic turmoil more and potentially reduce the banking liquidity adequacy either in rupiah or foreign currency;
.,, b. that to overcome the impact and minimize the risks that may affect the stability of the banking system, Bank Indonesia viewed the need to provide flexibility of setting liquidity;
.,, c. that the banking liquidity arrangements, among others, is done through the determination of the minimum compulsory demand deposit;
., d., that with respect to the considerations referred to in letter a, letter b, letter c, and perceived need to change current provisions on mandatory minimum on Bank Indonesia in rupiah and foreign currency in Bank Indonesia Regulations;
.,, Considering: 1. Act No. 7 of 1992 about banking (State Gazette of the Republic of Indonesia Number 31 in 1992, an additional Sheet of the Republic of Indonesia Number 3472) as amended by Act No. 10 of 1998 (State Gazette of the Republic of Indonesia Number 182 of 1998, an additional Sheet of the Republic of Indonesia Number 3790);
., ,2. Act No. 11 of 1999 on Bank Indonesia (the State Gazette of the Republic of Indonesia year 1999 Number 66, an additional Sheet of the Republic of Indonesia Number 3843) as amended by Act No. 3 of 2004 (State Gazette of the Republic of Indonesia number 7 in 2004, an additional Sheet of the Republic of Indonesia Number 4357);
DECIDED:.,, define: BANK INDONESIA REGULATION CONCERNING CHANGES to the REGULATION of BANK INDONESIA No. 10/19/PBI/2008 REGARDING MINIMUM OBLIGATORY GIRO of PUBLIC BANK on BANK INDONESIA in RUPIAH and FOREIGN CURRENCY.
Article I a few provisions in the regulation of Bank Indonesia No. 10/19/PBI/2008 regarding Minimum Obligatory Giro of public Bank on Bank Indonesia in Rupiah and foreign exchange (Gazette of the Republic of Indonesia Number 145 in 2008, an additional Sheet of the Republic of Indonesia Number 4904) is amended as follows: 1. The provision of article 1 amended and added to read as follows: "article,., 1., 1. The Bank is a public Bank as stipulated in Act No. 7 of 1992 about Banking as amended by law number 10 In 1998, including a foreign bank branch office, which is conducting business activities of conventionally.
., ,2. Foreign Exchange Bank was the Bank that acquired the letter designation of Bank Indonesia to perform banking activities in foreign exchange.
., ,3. Third-party funds of the Bank, hereinafter referred to as the Bank's obligations are DPK, to residents and non-residents in rupiah and foreign currency.
., ,4. Checking accounts are certain external parties accounts in Bank Indonesia which is the means for administering transactions from a stash of doing so can be done at any time.
., ,5. Checking accounts in Rupiah, which is hereinafter referred to as the Rupiah, checking accounts are checking accounts in rupiah funding that can be done by using a cheque, bilyet giro Bank Indonesia Bank Indonesia, or other means referred to in the provisions of Bank Indonesia regarding the relationship between the current account Bank Indonesia with the external call.
., ,6. Current account in foreign currency, are hereinafter referred to as foreign currency checking accounts, is a current account in foreign currency funding that can be made by way of transfer funds or other means referred to in the provisions of Bank Indonesia regarding the relationship between the current account Bank Indonesia with the external call.
., ,7. The Minimum Obligatory Giro hereinafter referred to as GWM, is the minimum amount of funds obligated by the magnitude of the Bank stipulated by Bank Indonesia amounting to a certain percentage of the DPK.
., ,8. GWM is the mandatory minimum stash kept by the Bank in the form of current account balances at the Bank Indonesia the magnitude set by Bank Indonesia amounting to a certain percentage of the DPK.
., ,9. Secondary GWM is the minimum required reserves maintained by banks in the form of SBI, SUN and/or Excess Reserve, the magnitude set by Bank Indonesia amounting to a certain percentage of the DPK.
., .10. The Jakarta Interbank Offered Rate, which is hereinafter referred to as JIBOR, is the interbank interest rates for various periods of time offered by certain banks in Jakarta.
.,, 11. Certificate of Bank Indonesia are hereinafter referred to as SBI securities is in rupiah which was published by Bank Indonesia as a short timed debt recognition.
., 12. State that the SUN is hereinafter referred to as the letter of acknowledgment of debt in rupiah currency issued by the Government of the Republic of Indonesia as stipulated in Act No. 24 of 2002 about the State.
., 13. Excess Reserve is the excess balance checking account from Bank Primary GWM in Rupiah which kept in Bank Indonesia. "., .2. The provisions of article 2 plus 1 (one) verse, namely paragraph (3) to read as follows:.,, "article 2 (1) the Bank is obligated to fulfill the GWM in rupiah ..,, (2) foreign exchange Bank in addition to the obligatory meet conditions referred to in subsection (1) is also obliged to fulfill the GWM in foreign exchange.
.,, (3) GWM in rupiah as referred to in subsection (1) consists of a primary and Secondary GWM GWM. ",, 3. Between article 4 and article 5 is inserted 1 (one) article, namely Article 4A to read as follows:.,, "Article 4A.,, (1) fulfillment of GWM in rupiah as stipulated in article 3 is carried out as follows:.,, a. Primary GWM in rupiah of 5% (five percent) of the DPK in rupiah; and, b. the secondary GWM in rupiah amounted to 2.5% (two comma five percent) of the DPK in rupiah.
.,, (2) the fulfillment of the Secondary GWM in rupiah as referred to in paragraph (1) letter b shall be governed more by circular letter of Bank Indonesia. "

4. The provisions of article 5 is changed to read as follows:.,, "article 5 the percentage of GWM as stipulated in article 3, article 4, and Article 4A can be adjusted from time to time taking into account the condition of the economy and the direction of Bank Indonesia policies."

5. The provisions of article 7 is modified to read as follows: "article,., 7.,, (1) the Bank is obligated to fulfill the GWM as stipulated in article 3, article 4, and Article 4A on a daily basis.
.,, (2) the fulfillment of GWM in foreign exchange as referred to in article 4 and the fulfillment of Primary GWM in rupiah as stipulated in Article 4A paragraph (1) letter a is calculated by comparing the Bank Giro account balances at the Bank Indonesia each end of the day in 1 (one) time reports against the daily average number of DPK in 1 (one) time reports on 2 (two) times of the previous report.
.,, (3) fulfillment of Secondary GWM in rupiah as stipulated in Article 4A paragraph (1) letter b is computed by comparing the number of SBI, SUN and/or Excess Reserve each end of the day in 1 (one) time reports against the daily average number of DPK in 1 (one) time reports on 2 (two) times of the previous report.
, DPK, (4) in rupiah as stipulated in article 3 and the DPK in foreign exchange as referred to in article 4 are obtained from reports of DPK in Rupiah and foreign currency on periodic reports public Bank in accordance with the provisions of Bank Indonesia concerning the periodic reports of commercial banks. "

6. The provisions of article 9 is amended to read as follows: "article,., 9., DPK, (1) as referred to in article 3, article 4, and Article 4A is comprised of:.,,.,, a. the average daily total of DPK in rupiah on an entire Office of banks in Indonesia;
.,, b. average daily total of DPK in foreign exchange in the entire Office Bank in Indonesia.
, DPK, (2) in rupiah include liabilities in rupiah to third parties is not a bank, either to residents or non-residents, consisting of:., giro, a.;

b. savings;

c. the forward deposits/deposits; and d. any other obligations.
, DPK, (3) in foreign currency include liabilities in foreign currency to any third parties, including banks in Indonesia, both to residents or non-residents, consisting of:., giro, a.;

b. savings;

c. the forward deposits/deposits; and d. other obligations. "

7. Article 11 and article 12 is deleted.

8. Article 13 is amended to read as follows:.,, "article 13.,, (1) a Bank that violate obligations fulfillment GWM as stipulated in Article 4A subsection (1) the obligation to pay penalties amounting to 125% (one hundred and twenty-five percent) of the average interest rate on a period of 1 (one) day overnight JIBOR on the day of the occurrence of violations against the shortage of GWM in rupiah, for each day of violation.
.,, (2) a Bank that violate obligations fulfillment GWM as referred to in article 4, the obligation to pay penalties amounting to 0.04% (zero comma zero four percent) per work day, which is calculated from the difference between the daily balance foreign currency Bank checking account at Bank Indonesia must be filled with a daily balance of current account Forex Bank Note on accounting system of Bank Indonesia.
.,, (3) the obligation to pay Penalties as referred to in paragraph (2) is payable in rupiah currency using the exchange rate of the transaction Bank Indonesia on the day of the offence.
.,, (4) the sanctions referred to in paragraph (1) excluded for banks that get incentive allowances GWM in rupiah fulfillment of obligations as set forth in the provisions of Bank Indonesia concerning the incentives in order to consolidate banking. "


9. Article 2 is amended to read as follows:.,, "article 14 in addition to the penalties referred to in Article 13, the Bank did not meet the obligation of GWM as stipulated in article 3, article 4, and Article 4A of the administrative sanctions can be worn as stipulated in article 52 Act No. 7 of 1992 about Banking as amended by Act No. 10 of 1998."

10. The provisions of article 3 is amended to read as follows: "article,., 15.,, (1) the imposition of a sanction as referred to in article 13 is implemented by checking account debit the Bank at the Bank Indonesia Rupiah.
., Pendebetan, (2) Rupiah Bank checking accounts in order the imposition of a sanction as referred to in subsection (1) done at the latest at 3 (three) working days after the date of the next occurrence of the breach GWM.
.,, (3) in case future shortages or excess known to occur in the pendebetan associated with the imposition of sanctions referred to in paragraph (1), Bank Indonesia can directly debit his/her checking account crediting or Bank concerned as set forth in the provisions of Bank Indonesia concerning the system of Bank Indonesia Real Time Gross Settlement.
.,, (4) in the event of a Bank Giro Rupiah account balance is insufficient to pendebetan sanctions referred to in paragraph (1) then the above shortcomings were also penalized as stipulated in article 13 paragraph (1). ",, 11. Between Article 15 and article 16 was inserted 2 (two) article, namely Article 15A and 15B Article to read as follows:.,, "article 15A GWM as referred to in article 3 and Article 4A are met as follows:.,, a. fulfillment of Primary GWM in rupiah went into effect on October 24 2008.
.,, b. Secondary GWM in rupiah Fulfillment comes into force on October 24, 2009.
Article 15B of sanctions as stipulated in article 13 paragraph (1) and article 14 and subject to the following:.,, a. for breach of obligations fulfillment of Primary GWM in rupiah as stipulated in Article 4A paragraph (1) letter a worn since 24 October 2008.
., a, b. for breach of obligations fulfillment Secondary GWM in rupiah as stipulated in Article 4A paragraph (1) letter b imposed since 24 October 2009. ", 12. Between article 16 and article 17 pasted one article, namely Article 16A to read as follows:.,, "article 16A Bank Indonesia Regulations with the introduction of the circular letter of Bank Indonesia No. 10/33/DPNP dated October 15, 2008 revoked and declared not valid."

Article II of the regulation of Bank Indonesia this took effect on October 24 2008.

So everyone knows that ordered the enactment of regulations of Bank Indonesia this with its placement in the State Gazette of the Republic of Indonesia.

.,, Set in Jakarta on October 23, 2008, BANK INDONESIA GOVERNOR BOEDIONO Enacted in Jakarta on October 23, 2008 the MINISTER of LAW and HUMAN RIGHTS REPUBLIC of INDONESIA an EXTRA SHEET MATTOANGIN STATE RI No. 4911 (explanation of the 2008 State Gazette Number 159) EXPLANATION of BANK INDONESIA REGULATION number: 10/25/PBI/2008 REGARDING CHANGES to BANK INDONESIA REGULATION NUMBER : 10/19/PBI/2008 REGARDING MINIMUM OBLIGATORY GIRO of PUBLIC BANK on BANK INDONESIA in RUPIAH and FOREIGN CURRENCY i..,, the creation of monetary stability is indispensable in order to realize the condition of a stable economy. To create monetary stability needed measures to tackle the global financial and economic crisis that could potentially cause the banking liquidity shortage.
.,, One of the approaches that can be used by Bank Indonesia to achieve monetary stability is through setting the banking liquidity.
.,, In doing banking liquidity arrangements, one monetary tool that can be used is through the setting of a compulsory minimum giro policy which is the comparison between the giro Bank balances that must be placed on Bank Indonesia plus the minimum mandatory reserves maintained by banks in the form of SBI, SUN and/or Excess Reserve against third-party funds belonging to the Bank.
.,, In line with the above mentioned case, by considering the condition of the economy, the banking liquidity conditions, and policy directions of the Bank Indonesia was seen necessary to reorganize the provisions on compulsory minimum giro account in accordance with the banking liquidity conditions.
.,, Furthermore, considering the development of a dynamic economy condition then the applicability of the compulsory minimum giro policy can be adjusted from time to time in line with Bank Indonesia's policy direction.

II. article for the SAKE of ARTICLE 1 article I, section 1.,.,, is quite clear.

Figure 2., 2., article,, is quite clear.

Figure 3.,, Article 4A, paragraph (1).,, GWM in rupiah calculation Example: banks have an average daily total of DPK in rupiah of Rp 55.000.000.000.000 RP (fifty-five trillion rupiah).

GWM in rupiah must be filled are as follows: 7.5% x Rp 55.000.000.000.000 RP 4.125.000.000.000 Rp 2,000 (four trillion one hundred twenty five billion rupiah).

Fulfillment of GWM in rupiah of Rp 4.125.000.000.000 RP (four trillion one hundred twenty five billion rupiah) is done by:.,, a. Primary GWM in rupiah amounted to 5% of the DPK in the rupiah, that is Rp RP 2.750.000.000.000 (two billion seven hundred fifty billion dollars); and b. Secondary GWM in rupiah amounted to 2.5% of the DPK in the rupiah i.e. Rp 1.375.000.000.000 RP (one quintillion three hundred seventy-five billion rupiah). Subsection (2), the numbers are pretty clear, 4., 5., article,, is quite clear.

Figures 5., 7.,, section, subsection (1), on a daily basis, the calculation is done based on the position of the end of the day. Paragraph (2).,, Formula calculation percentage Primary GWM in rupiah and GWM in foreign currency are as follows: the number of daily Bank Giro account balances recorded in Bank Indonesia every day in 1 (one) time report –-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-x 100% of the daily average number of DPK Bank within 1 (one) time reports on 2 (two) times of the previous report the percentage of Primary GWM in rupiah or foreign currency in the GWM is based on the following Bank DPK :.,, a. GWM daily reports for the period from the date 1 to date 7 percentage of GWM is determined from the average daily number of DPK in its reports since March 16 till 23 months earlier;
.,, b. GWM daily for the report since the 8th until the 15th is the percentage of GWM who set up from the daily average number of DPK in its reports since the 24th until the end of the previous month;
.,, c. GWM daily reports for the period from the date of 16 up to 23 percentage of GWM is determined from the average daily number of DPK in its reports since the 1st up to the 7th of the same month;
.,, d. GWM daily for the report since the 24th until the date of the end of the month is as big a percentage of GWM determined from the average daily number of DPK in its reports since the 8th until the 15th of the same month. Paragraph (3).,, is quite clear. Subsection (4),, is quite clear.

Number 6., 9.,, section, subsection (1),, for conventional commercial banks also conduct business activities based on the principles of Sharia, determining the DPK in rupiah and foreign exchange within the DPK not including DPK syariah business unit reported. Paragraph (2) letter a,,.,, is the giro in giro is a component of the rupiah as mentioned in the explanation of the components of third-party Funds in Rupiah in Bank Indonesia provision concerning periodic reports public bank. The letter b.,, is the savings in dollars is a component of the savings referred to in the description of the components of third-party Funds in Rupiah in Bank Indonesia provision concerning periodic reports public bank. The letters c, a, is the mistress of futures/deposits in rupiah is a component of the forward deposits referred to in the description of the components of third-party Funds in Rupiah in Bank Indonesia provision concerning periodic reports public bank. D.,, is the other obligations in rupiah are other obligations to a third party instead of the banks referred to in the description of the components of third-party Funds in Rupiah in Bank Indonesia provision concerning periodic reports public bank. Paragraph (3).,, letter a.,, is a current account in foreign currency is a component of the current account referred to in the description of the components of third-party Fund in foreign currency in terms of Bank Indonesia concerning the periodic reports of commercial banks. The letter b.,, is the savings in foreign exchange is a component of the savings referred to in the description of the components of third-party Fund in foreign currency in terms of Bank Indonesia concerning the periodic reports of commercial banks. The letters c, a, is a futures deposits/deposits in foreign exchange futures deposits are the components as outlined in the explanation of the components of third-party Fund in foreign currency in terms of Bank Indonesia concerning the periodic report of public bank letter d is the other obligations in foreign currency are other obligations to third parties including a bank referred to in the description of the components of third-party Fund in foreign currency in terms of Bank Indonesia concerning the periodic reports of commercial banks.

Figure 7.,, is quite clear.

Figure 8., 13.,, article, paragraph (1).,, is the day the violation was a work day.

Calculation example of sanctions: Bank A has a daily average of DPK in rupiah in its reports since the 8th until the 15th of January, amounting to Rp 55.000.000.000.000 RP (fifty-five trillion rupiah).


GWM daily mandatory filled for the report since the 24th until the date of the end of January is:.,, a. Primary GWM in rupiah of 5% (five per cent) of Rp 55.000.000.000.000 RP (fifty-five trillion rupiah) namely Rp RP 2.750.000.000.000 (two billion seven hundred fifty billion rupiah).
.,, b. Secondary GWM in rupiah amounted to 2.5% (two comma five percent) from Rp 55.000.000.000.000 RP (fifty-five trillion rupiah) i.e. Rp 1.375.000.000.000 RP (one quintillion three hundred seventy-five billion rupiah). Giro Rupiah account balance Bank A on Bank Indonesia on January 24 is amounting to Rp 2.000.000.000.000, RP (two trillion dollars) and the Bank have a SBI and SUN Rp RP 1.000.000.000.000 (one trillion rupiah) so that there is a lack of fulfillment GWM Rp RP 1.125.000.000.000 (one trillion one hundred twenty five billion rupiah) that is composed of a shortage of Primary GWM fulfillment of Rp 750.000.000.000 RP (seven hundred fifty billion rupiah) and lack of fulfillment of Secondary GWM of Rp 375.000.000.000 entrance (three hundred and seventy-five billion rupiah).

JIBOR rates on 24 January was of 9% (nine percent).

The calculation of the liability to pay penalties for infringement of GWM in rupiah to Bank A on January 24, is as follows: a shortage of GWM x 125% x's JIBOR rates x week.------------------------------------------------------360 x 100 i.e. Rp 1.125.000.000.000 RP x 1.25 x 9 x 1.-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-360 x 100 paragraph (2).,, calculation example: Bank A has an average daily total of DPK in foreign exchange in its reports since the 8th until the 15th of January of USD 100,000,000 entrance (one hundred million US dollars).

GWM daily for the report since the 24th until the date of the end of January is: 1% x RP 100,000,000 USD = USD RP 1,000,000 (one million US dollars) foreign currency Bank Giro account balances with the Bank Indonesia on January 24 is a USD 900,000 b (nine hundred thousand US dollars) so that there is a lack of fulfillment GWM of USD 100,000.00 (one hundred thousand US dollars).

The calculation of the liability to pay penalties for infringement of GWM in foreign currency to A Bank on January 24, is as follows: 0.04% x (USD 1,000,000 is RP-RP 900,000 USD) = USD40,00 (forty US dollars). Paragraph (3), which is the transaction rate is the exchange rate plus sell buy is divided in two.

With the obligation to pay penalties amounting to USD40,00 (forty US dollars) as an example of the calculation in paragraph (2) description and assuming the exchange rate of the Bank transactions on the day Indonesia violations is Rp 2,000/9700 USD (nine thousand seven hundred rupiah per US dollar), the obligation to pay penalties that must be paid is amounting to Rp 9700:40 x 2,000 = Rp RP 388.000 (three hundred eighty-eight thousand rupiah). Subsection (4), in accordance with the Bank Indonesia concerning the incentives in order to consolidate banking, decreased compliance GWM in rupiah for banks that do a merger or consolidation excluded from the imposition of sanctions in a GWM in rupiah which owned not less than 4% (four percent) of DPK in the rupiah since October 24, 2008 and no less than 6.5% (six comma five percent) of the DPK in the rupiah since 24 October 2009.

9. Article 14,,.,, pretty obvious Numbers, Chapter 10., 15., paragraph (1), quite obviously, subsection (2),, in terms of Bank checking accounts pendebetan date falls on a holiday, then pendebetan is done by Bank Indonesia on the next working day.

Example: A Bank has an average daily total of DPK in rupiah in its reports since the 8th until the 15th of January, amounting to Rp 55.000.000.000.000 RP (fifty-five trillion rupiah).

GWM mandatory daily maintained for the report since the 24th until the date of the end of January is:.,, a. Primary GWM of 5% (five per cent) of Rp 55.000.000.000.000 RP (fifty-five trillion rupiah) namely Rp RP 2.750.000.000.000 (two billion seven hundred fifty billion rupiah).
.,, b. Secondary GWM of 2.5% from Rp 55.000.000.000.000 RP (fifty-five trillion rupiah) i.e. Rp 1.375.000.000.000 RP (one quintillion three hundred seventy-five billion rupiah). Giro Rupiah account balance Bank A on Bank Indonesia on January 24 is amounting to Rp 2.000.000.000.000, RP (two trillion dollars) and A Bank have a SBI and SUN Rp RP 1.000.000.000.000 (one trillion rupiah) so that there is a lack of fulfillment GWM Rp RP 1.125.000.000.000 (one trillion one hundred twenty five billion rupiah) that is composed of a shortage of Primary GWM fulfillment in Rupiah of Rp 750.000.000.000 RP (seven hundred fifty billion rupiah) and lack of fulfillment of Secondary GWM in rupiah of Rp 375.000.000.000 entrance (three hundred and seventy-five billion rupiah).

The imposition of sanctions over the lack of this charged at least 3 (three) working days and if the assumed date of January 25, is a holiday then the sanctions be imposed no later than on 28 January. Paragraph (3), quite obviously, subsection (4), penalties: Calculation Example, Bank A has a daily average of DPK in rupiah in its reports since the 8th until the 15th of January, amounting to Rp 55.000.000.000.000 RP (fifty-five trillion rupiah).

Based on that data, daily for the GWM report since the 24th until the date of the end of January is:.,, a. Primary GWM of 5% (five per cent) of Rp 55.000.000.000.000 RP (fifty-five trillion rupiah) namely Rp RP 2.750.000.000.000 (two billion seven hundred fifty billion rupiah).
.,, b. Secondary GWM of 2.5% from Rp 55.000.000.000.000 RP (fifty-five trillion rupiah) i.e. Rp 1.375.000.000.000 RP (one quintillion three hundred seventy-five billion rupiah). Giro Rupiah account balance Bank A on Bank Indonesia on January 24 is Rp RP 1,000,000,000 (one billion dollars) and the Bank does not have a SBI and SUN so that there is a lack of fulfillment GWM Rp RP 4.124.000.000.000 (four trillion one hundred and twenty four billion rupiah) that is composed of a shortage of Primary GWM fulfillment of Rp RP 2.749.000.000.000 (two billion seven hundred forty-nine billion rupiah) and lack of fulfillment of Secondary GWM of Rp 1.375.000.000.000 entrance (one quintillion three hundred seventy-five billion rupiah).

JIBOR rates on 24 January was of 9% (nine percent).

The calculation of the liability to pay penalties for infringement of GWM in rupiah to Bank A on January 24, is as follows: a shortage of GWM x 125% x's JIBOR rates x week.-----------------------------------------------------360 x 100 i.e. Rp 4.124.000.000.000 RP x 1.25 x 9 x 1.-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-– 360 x 100 i.e. Rp RP 1.288.750.000 (one billion two hundred and eighty-eight million seven hundred fifty thousand dollars).

For the sanctions to pendebetan there is a lack of balance of current account Bank amounting to Rp Rupiah is RP 288.750.000 (Rp 1,000,000,000 RP-Rp 1.288.750.000 RP).

For a deficiency balance checking account Bank Rupiah of Rp 288.750.000 RP such penalties amounting to: Balance Lack x 125% x's JIBOR rates x week.--------------------------------------------------------360 x 100 i.e. Rp 288.750.000 RP x 1.25 x 9 x 1.-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-–-360 x 100 Number 11.,, article 15A.,, is quite clear.

Article 15B.,, is quite clear.

Figure 12.,, article 16A., pretty clear, article II.,, is quite clear