PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 578 22. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS continued
Based on the agreement, the counterparty bank has the right to early terminate the agreement should the unwind events occur, or where Bank fails to top up the Rupiah deposit as required in the
agreement.
If the counterparty Bank exercised its right to early terminate due to unwind events, the Bank has to pay unwind cost to the counterparty banks as determined later by the counterparty bank.
In addition, the counterparty bank has the right to early terminate if the counterparty bank considers the fund received in form of callable zero coupon deposits has delete higher interest rate than the
market interest rate, as executed by the counterparty bank on 28 May 2007 and 25 June 2007.
On 28 May 2007, the counterparty bank had early terminated the callable zero coupon deposits with beginning balance amounting to Rp634,000 and paid in cash as settlement of the transaction on
20 June 2007.
On 25 June 2007, the counterparty bank had early terminated the callable zero coupon deposits with beginning balance amounting to Rp634,000 and paid in cash as settlement of the transaction
on 21 December 2007.
23. SECURITIES SOLD UNDER REPURCHASE AGREEMENTS
2009
Securities Nominal
Value Commencement
Date Maturity
Date Repurchase
Value Unamortised
Interest Expense
Net Value
Government Bonds Rupiah
Bonds VR0019 355,652
18052005 18052010
316,356 -
316,356
Total 355,652
316,356 -
316,356
2008
Securities Nominal
Value Commencement
Date Maturity
Date Repurchase
Value Unamortised
Interest Expense
Net Value
Government Bonds Rupiah
Bonds VR0019 355,652
18052005 18052010
316,356 -
316,356 Bonds VR0017
289,859 04112004
04112009 284,062
- 284,062
Bonds FR0019 231,028
03112004 03112009
285,060 -
285,060
Total 876,539
885,478 -
885,478
Non Government Bonds
Rupiah Bonds
50,000 05092008
04032009 50,997
350 50,647
ORI 004 26,000
22092008 22012009
24,076 189
23,887 ORI 004
11,000 23092008
23012009 10,602
83 10,519
Bonds 7,000
09122008 02022009
6,335 9
6,326 Bonds
5,000 09122008
02022009 5,102
66 5,036
Total 99,000
97,112 697
96,415 Total
975,539 982,590
697 981,893
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 579 23. SECURITIES SOLD UNDER REPURCHASE AGREEMENTS continued
2007
Securities Nominal
Value Commencement
Date Maturity
Date Repurchase
Value Unamortised
Interest Expense
Net Value
Government Bonds Rupiah
Bonds VR0013 617,500
07062005 07012008
617,500 -
617,500 Bonds VR0031
669,000 19122007
03012008 602,746
259 602,487
Bonds VR0031 446,000
19122007 03012008
401,829 172
401,657 Bonds VR0019
355,652 18052005
18052010 316,356
- 316,356
Bonds VR0017 289,859
04112004 04112009
284,062 -
284,062 Bonds FR0040,
FR0043 and FR0047
283,000 28122007
28012008 297,527
34 297,493
Bonds FR0019 231,028
03112004 03112009
285,060 -
285,060 Bonds FR0020,
FR0027 and FR0033
100,000 28122007
11012008 110,021
293 109,728
Total 2,992,039
2,915,101 758
2,914,343
The Government Bonds sold under repurchase agreement with counterparty banks serial numbers VR0013, VR0017, FR0019 and VR0019 represents contracts associated with foreign currency funding
through cross currency swap transactions with the above counterparties Note 10. There were no premium or discount recognised from the above contracts.
24. ACCEPTANCE PAYABLES
