Key Benefits:
(pass-on) the transaction is related to the Bank on the same time and number
simultaneously simultaneously to other Banks that are not related parties.
(3) The related party as referred to in paragraph (1) and paragraph (2) refers
on the understanding of the Associated IBM Side of the Bank as intended
in the terms of the Bank of Indonesia that applies about the Maximum Boundary
General Bank Credit.
Section 6
The bank is prohibited from providing credit and or cerukan facilities (overdraft) for
Transaction needs. Derivatives to Nasabah include the fulfilment of Margin
Deposit in Margin Trading Order .
Article 7 ...
-7-
Article 7
(1) The bank may only perform a Derivative Transaction which is its value
is a derivative of the foreign exchange and or interest rate.
(2) The Derivative Transactions whose value is a derivative of the foreign exchange
and or interest rates as referred to in paragraph (1) include,
but not limited to:
a. forward, swap, option, currency futurestransaction, and transaction
with valuta today and tomorrow are disintegrated as
Derivative transactions; and or
b. interest rate swap, interest rate option, FRAs, and interest rate
futures.
(3) The bank is prohibited from Margin Trading of foreign valuations against
the rupiah is good for both self-interest and for the benefit of the
nasabah and perform Derivative Transactions outside the transaction
as referred to in paragraph (1).
Section 8
(1) Bank losses due to Derivatives Transactions are at least 10% (ten
perhundred) of Capital Bank cumulatively in the year running.
(2) The bank's loss limits are at least 10% as
referred to paragraph (1) is excluded for the loss of a Transaction
Derivatives not in set-off with non-transaction profits
derivatives directly related to the Derivative Transaction are referred to.
3. In terms of ...
-8-
(3) In terms of bank losses reaching more than 10% (ten perhundred)
of Capital Bank, the Bank is prohibited from conducting new Derivative Transactions as well as
is required to report to the Bank of Indonesia regarding the action to
is done to address the slowest loss on the working day
next.
Article 9
(1) The bank that performs the Margin Trading Transaction for the benefit
nasabah without being followed by a funding move or the mandatory instrument requests
nasabah to meet:
a. Margin Deposit at least 10% (ten perhundred) of pagu
Transactions Margin Trading;and
b. Maintenance Margin at least 50% (fifty perhundred) of
Margin Deposit;
(2) The bank is required to do Margin Call to the customers in terms of Margin
Deposit has reached Maintenance Margin.
(3) The bank is obliged to stop Derivative Transaction's activities for
nasabah interest if after the Margin Call nasabah
does not perform the slowest addition of work day
Next.
(4) The bank is required to report a weekly report
regarding the Derivatives of the Derivatives and the special report in
when the customer's position is considered to be quite dangerous, that is,
Nasabah is facing Possible losses, so that
resulted ...
-9-
resulting in a Margin Deposit available unable to close
loss.
Article 10
(1) The bank is required to submit weekly reports to Bank Indonesia
regarding the Derivative Transaction in accordance with the Transaction Report Format
Derivatives of the Bank-Bank as set forth in Appendix 1 and 2
which includes:
a. loss/profit; and
b. Derivative Transaction Position, whether for the benefit of the bank itself
or for the benefit of the customer.
(2) The weekly report as referred to in paragraph (1) is set with
the period as follows:
a. First-week reports start date 1 (one) to
date 7 (seven).
b. The second week of the report starts at 8 (eight) to the
date 15 (fifteen).
c. Third week's report period starts at 16 (sixteen) to
with a date of 23 (twenty-three).
d. Fourth week reports start date 24 (twenty-four)
up to the end of the month.
(3) The report referred to the paragraph (1) is required to
The Bank of Indonesia is the slowest 7 (seven) business days after
report period.
(4) The reporting time limit of the report as referred to in paragraph (3)
includes the time to pass the report correction.
Article 11 ...
-10-
Section 11
(1) the bank committing a violation of Section 2 of the paragraph (2), Section 3,
Article 4, Section 5, Section 6, Section 7, Section 8, Article 9 and Section 10 are imposed
administrative sanction of a reprimand written and liabilities paid
by 10% (ten per hundred) of the nominal value of the transaction that
violated.
(2) The total liabilities paid for the transaction as referred to in
the paragraph (1) of the most Rp.27,000,000,000 (twenty-seven
billion rupiah) in 1 calendar year.
Section 12
The Bank is on When the Bank of Indonesia Regulation is still
has a position (outstanding) of Derivative Transactions as intended
in Section 7 and not due, then 1 (one) months after
the Bank Regulation is effective. This Indonesia Bank is obliged to dilue the position
that.
Article 13
With the enactment of the Regulation of the Bank of Indonesia, then the Decree
The Bank of Indonesia No. 28/119/KEP/DIR dated 29 December 1995
on the Derivative Transaction was revoked and declared not applicable.
Article 14 ...
-11-
Article 14
The Bank of Indonesia Regulation entered into force on 15 September 2005.
Set in Jakarta
On September 13, 2005
GOVERNOR OF THE BANK OF INDONESIA,
BURHANUDDIN ABDULLAH
SHEET COUNTRY REPUBLIC OF INDONESIA 2005 NUMBER 85
DPD
as referred to in paragraph (4) is also required to contain things as
following:
a. Amount ....
-6-
a. Margin of Deposit;
b. Maintenance Margin specified; and
c. the rights and obligations of the nasabah.
(6) Contracts as referred to in paragraph (4) and paragraph (5) are mandatory
in large letter sizes so that it is easy to read.
Section 5
(1) The bank is prohibited from maintaining the position of Derivative Transactions performed
by the related parties with the Bank.
(2) The Bank is considered to maintain a position on the Derivative Transaction that
is carried out by the associated p