iv class="s14"> (1) The Sales Offering by the Party or the Lelang Participant as referred to in Article 14 of the paragraph (2) and paragraph (3) is delivered to the Minister c.q. Dirjen with a gust to the Director of Shariah Financing.
(2) The Sales Offer as referred to in paragraph (1) is least included:
a. nominal value;
B. SBSN series sold;
c. The prices offered; and
D. SBSN series exchangers and prices are desired in terms of Switching.
Section 18
(1) Sales Offering by means of Bilateral Transaction as referred to in Section 17 of the paragraph (1), followed by the General Directorate of Debt Management of the c.q. Directorate of Shariah Financing in the longest time 7 (seven) days work since the receipt of a Sales Bid.
(2) Advanced as referred to in paragraph (1) may be an acceptance of whole or in part or rejection of the Sales Offer.
(3) The rejection of the Sales Offer as referred to in paragraph (2) may be done among others by consideration:
a. not to be subject to the provisions of Section 14, Section 15 and Section 16;
B. government debt portfolio conditions; or
c. financial market condition.
(4) The rejection as referred to in verse (3) is delivered via a Dirjen letter or a temporary official appointed to carry out the duties of Dirjen on the Minister ' s behalf.
(5) The acceptance of the Sales Offer as referred to in paragraph (2) is actionable with the discussion of the provisions and requirements of the SBSN to be bought back and/or the exchange series in terms of Switching.
Article 19
(1) The subject referred to in Article 18 of the paragraph (5) is performed by the Directorate General of Debt Management of the Syariah Joint Agreement with the Party or the Lelang Participant who submitted the Sales Offer.
(2) The dismay as referred to in paragraph (1) of the provisions and requirements of the SBSN to be purchased returns, most less than:
a. SBSN series;
B. nominal value;
c. price or imbal results; and
D. The time and mechanism of the Setelmen's execution
Article 20
(1) The results of the discussion as referred to in Article 19 may be either accepting whole or in part, or rejecting the entire Sales Offer, which is poured in the news of the event of discussion.
(2) In the event of the outcome of the discussion of receiving all or part of the Sales Offer, the results of the discussion are meant to be poured in the deal document.
(3) The agreement document as referred to in paragraph (2) contains the least:
a. SBSN series;
B. nominal value;
c. price or imbal results; and
D. The time and mechanism of the Setelmen's execution
(4) The news of the event of the discussion and document of the agreement as referred to in paragraph (1) and paragraph (2) is signed by the Director of Shariah Financing, the Directorate General of the Debt Management with the director/officials in charge as The representative of the party or the Lelang participant who delivered the Sales Offer.
Third Part
Bilateral Transaction Assignments
Section 21
Dirjen or a temporary official appointed to perform the duties of Dirjen on behalf of the Minister, the slowest 2 (two) business days before the Setelmen date set forth the return of SBSN repurchase which includes:
a. deal document;
B. The terms document and the SBSN requirements and/or its changes.
Section 22
Director of Syariah Financing on behalf of Dirjen delivers the results of the SBSN repurchase as referred to in Article 21 to the Party or Lelang Participant, at most less than:
a. SBSN series;
B. SBSN price;
c. nominal number of SBSN.
Section 23
The Directorate General of Debt Management announced the results of SBSN ' s repurchase to the public, which contains the most information less covering:
a. SBSN series;
B. the weighted average price of each SBSN series;
c. nominal number of SBSN.
BAB V
SETELMEN
Section 24
(1) Setelmen for transactions through Lelang, performed at 3 (three) Working Days after the execution date of Lelang SBSN (T + 3).
(2) Setelmen for Bilateral Transactions, conducted most slowly 3 (three) Work days after the signing of the SBSN (T + 3) repurchase deal document.
Section 25
(1) The Setelmen of the Lelang result are only done to the Lelang participant who is declared victorious either on behalf of himself or for the benefit of the other side.
(2) The declared Lelang participant is responsible for the Setelmen of the Lelang result as referred to in verse (1).
Section 26
(1) A Bilateral Transaction Setelment is only made to the Lelang Participant or the Party declared victorious.
(2) the Lelang Participant or the Party declared victorious in charge of the Bilateral Transaction Setelmen as referred to in paragraph (1).
Section 27
The transaction as referred to in Article 24 is required to be reported as a transaction outside the exchange by the Lelang Participant to the Effect Transaction (PLTE) Recipients specified by the Capital Market Authority.
Section 28
SBSN being bought back by the Government can be declared lunas and does not apply anymore.
Article 29
Further provisions on the technical implementation of Setelmen follow the provisions set by Bank Indonesia.
BAB VI
SANCTION
Section 30
(1) The declared Lelang participant is victorious and does not submit the SBSN won until the Setelmen date, then the Lelang Participant:
a. required to complete the failed transaction by at least 2 (two) Work Days after the Setelment date;
B. cannot follow SBSN auction activities in the inaugural market and Lelang during the completion of the transaction as referred to in the letter a; and
c. does not accept walking Imbalan (accrued return) as since the date of Setelmen until the date of submission as referred to in the letter a, in terms of the Lelang being performed against SBSN with the Imbalan (coupon).
(2) The party whose sales offer is received by the Government and does not submit the SBSN won until the Setelmen date, then the Party:
a. mandatory completion of the failed transaction at least 2 (two) Work Days after the Setelment date; and
B. does not accept walking Imbalan (accrued return) as since the Setelmen date up to the date of submission as referred to in letter a, in terms of the SBSN repurchase done to SBSN with the Imbalan (coupon).
Section 31
In terms of the Lelang Participant being declared win does not carry out the terms as referred to in Article 30, the Lelang Participant is not allowed to follow 1 (one) the next Lelang.
Section 32
(1) The Lelang Particip
