INDONESIA BANK REGULATION

NUMBER: 7/44/PBI/2005

ABOUT

THE SECOND CHANGE OVER

INDONESIA BANK REGULATION NUMBER 5/5/PBI/2003

ABOUT THE BROKERAGE FIRM OF THE RUPIAH AND

THE FOREIGN EXCHANGE

THE BANK GOVERNOR OF INDONESIA,

DRAWS: A. that to support the growth of the

national, it needs to be a financial market development

rupiah including the secondary market Letter Utang;

b. that one of the ways to drive development

rupiah financial markets and secondary market development

The State Debt Letter is by expanding, role

company brokerage firm rupiah and foreign exchange

in provide intermediary services and in giving

relevant market information;

c. that based on consideration as intended

in letter a and letter b is viewed as necessary to

make changes to the Regulation Bank Indonesia

Number 5/5/PBI/2003 on Market Brokerage Firms

Money Rupiah and Foreign Valuta;

Given ...

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Given: 1. Law Number 7 of 1992 on Banking

(State Sheet of Indonesia Year 1992 Number

31, Additional Gazette Number 3472) as

has been amended by Act No. 10 of 1998

(sheet State Of The Republic Of Indonesia In 1998 Number

182, Extra State Sheet Number 3790);

2. Invite-Invite Number 23 Year 1999 on

Bank Indonesia (State of the Republic of Indonesia Year

1999 Number 66, Additional Gazette Number 3843)

as amended by Law No. 3

2004 (State of the Republic of Indonesia Number 7,

Additional Republic of Indonesia News Number 4357);

3. Law No. 24 of 1999 on

Traffic Devisa and Exchange Rate System (sheet

state of the Republic of Indonesia in 1999 No. 67,

additional state sheet number 3844);

4. Law No. 24 Year 2002 on Letters

Debt of State (sheet State Of The Republic Of Indonesia Year

2002 Number 110, Additional State Sheet Number 4236);

5. Indonesia Bank Regulation No. 5/5/PBI/2003 on

The Rupiah Money Market and Foreign Valuta (Sheet

State of the Republic of Indonesia in 2003 No. 44,

Additional Gazette of the Republic of Indonesia Number

4283) as has been amended with the Bank Regulation

Indonesia No. 7/20/PBI/2005 (Republic State Sheet

Indonesia number 67)

DECIDED ...

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DECIDED:

SET: A SECOND CHANGE TO THE BANK REGULATION

INDONESIA NUMBER 5/5/PBI/2003 ABOUT

THE BROKERAGE FIRM OF THE RUPIAH AND

THE FOREIGN EXCHANGE.

Article I

Some provisions in the Bank Indonesia Regulation Number 5/5/PBI/2003

about the Rupiah Money Market Brokerage Firm and the Foreign Valuta (Sheet

State of the Republic of Indonesia Year 2003 No. 44) as it has edited

with Indonesia Bank Regulation No. 7/20/PBI/2005 (State Sheet

The Republic of Indonesia Year 2005 Number 67) was changed as follows:

1. The provisions of Article 1 of the number 4 and number 6 are amended so that Article 1 reads

as follows:

Article 1

In this Bank of Indonesia Regulation is referred to:

1. The Rupiah Money Market broker company and the next Foreign Valuta

called Pialang Company is a specially established company

to conduct intermediate service activities for its customers ' interests

in the field of money market Rupiah and foreign exchange by acquiring

in return for his services.

2. Bank is the General Bank as specified in the Invite-

invite Number 7 of 1992 on Banking as it has

amended by Invite-invite Number 10 Year 1998.

3. User ...

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3. Users of the service are parties that use the services of the brokerage firm

the Rupiah money market and the foreign exchange.

4. The State Debt Letter (SUN) is a letter of value that is a letter

a recognition of the debt as referred to in the Law Number

24 of 2002 about the State Debt Letter, which consists of the Letter

The Treasury of the State and the State Bonds

5. The State Treasury letter is the State Letter which

futures up to 12 (twelve) months with

interest payments on a disconto.

6. State Bonds is a State Letter of the State that is time-running more

of 12 (twelve) months with coupons and/or with payment

interest in disconto.

7. The Board of Directors is an organ of a fully responsible brokerage firm

for the company's concern for the company's interests and purposes

as well as representing the company both inside and outside the court

in accordance with the provisions of the company. basic budget.

8. A commissioner is an organ of a brokerage firm that serves

general supervision and or special and provides advice

to the Board of Directors in the running of brokerage firm.

9. Day is a calendar day unless specified as a working day.

2. The provisions of Article 2 of the paragraph (1a) and paragraph (3) are changed so that Article 2 reads

as follows:

Section ...

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Article 2

(1) The venture activities undertaken by the Company Pialang are

conducting intermediate service activities for its customers ' interests at

the Rupiah currency market area and the foreign exchange.

(1a) Pialang's company may also conduct intermediate services activities

in the transaction of the State Treasury in the inaugural market and in

secondary market, as well as the State Obligation transaction in the secondary market.

(2) In conducting activities efforts are intended to be in the

paragraph (1) and paragraph (1a) of the Brokerage Firm may obtaining rewards.

(3) Corporate services users Pialang in the foreign exchange market are

Bank, while in the money market Rupiah the Company services

Pialang is Bank and Non Bank.

(4) In terms of required Bank Indonesia can use the services

Company Pialang.

3. The provisions of Article 4 of the letter c are amended so that Article 4 reads as

following:

Article 4

The brokerage firm is banned:

a. conduct a transaction in the Rupiah money market and the top foreign exchange

its own name and or funds itself;

b. conduct a transaction in the Rupiah money market and foreign exchange on behalf

owner of the Pialang Company and or the owner of the Company Owner Pialang

are concerned;

c. gives ...

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c. provides an intermediary service in the capital market, except in the transaction

The State Obligation in the secondary market;

d. conduct a transaction settlement (setelment) for the service user; and

e. provide service user name information prior to the transaction

agreed.

Article II

The Bank of Indonesia Regulation is beginning to apply at a set date.

Specified in Jakarta

On October 21, 2005

GOVERNOR OF THE BANK OF INDONESIA,

BURHANUDDIN ABDULLAH SHEET STATE OF REPUBLIC OF INDONESIA IN 2005 NUMBER 109

DPD