PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
72
21. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS continued
Based on the agreement counterparty bank has option rights to pre-terminate the transaction by early terminationwithdrawal of the Rupiah and US Dollar deposits on any of the redemption date each year.
The Agreement requires the Bank to add top up Rupiah deposit placement to counterparty bank during the period of transaction based on the movement of Rupiah against US Dollar spot rate.
On June 15, 2006, the Bank has excercised the right to early terminate the facility of US50,000,000 full amount with effective date May 17, 2005. On December 15, 2006, the Bank also has exercised
the right to early terminate the facility of US50,000,000 full amount with effective date June 8, 2005. In the event that counterparty bank excercise the option then the outstanding placement in Callable
Zero Coupon Deposit is not automatically terminated. If trigger events occur, which is the defaults or restructuring of Government Recapitalization Bonds by
Government the Indonesia relating to the principal or interest payment, the counterparty bank may opt to return the transferred bonds as a settlement for the callable zero coupon deposit transactions.
As of December 31, 2006, on the Bank’s balance sheet the Rupiah deposits are presented as Government Recapitalization Bonds Note 7, considering that the sales has not yet met the
Government Recapitalization Bonds sales recognition requirement.
22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE
As of December 31, 2006, securities sold with agreements to repurchase are as follows :
Securities Nominal
Value Commen-
cement Date
Maturity Date
Repurchase Value
Unamortized Prepaid
Interest Expense
Net Value Rupiah
Recap bonds VR0019 111,915
12282006 01252007
100,700 625
100,075 Recap bonds VR0013
617,500 06072005
01072008 617,500
- 617,500
Recap bonds FR0019 231,028
11032004 11032009
285,060 -
285,060 Recap bonds VR0017
289,859 11042004
11042009 284,062
- 284,062
Recap bonds VR0019 355,652
05182005 05182010
316,356 -
316,356 Bonds
30,000 09292006
09282007 31,994 3,194
28,800 Bonds
27,000 09292006
09282007 26,426 2,396
24,030 Medium term notes
21,000 12222006
06202007 22,097
1,097 21,000
Bonds 14,000
09292006 09282007
14,087 1,347 12,740
Medium term notes 10,000
09292006 09282007
10,057 822
9,235 Bonds
10,000 09292006
09282007 9,915 915
9,000 Bonds
9,000 12222006 06202007
9,550 550
9,000 Bonds
6,500 12222006 06202007
7,028 398
6,630 Recap bonds FR0040
6,000 12222006
06202007 6,545
314 6,231
Bonds 5,000
09292006 09282007 5,304
504 4,800
Bonds 5,000
09292006 09282007 5,001
476 4,525
Bonds 2,000
12222006 06202007 2,125
112 2,013
Bonds 2,000
12222006 06202007 2,111
104 2,007
Bonds 1,900
12222006 06202007 2,004
123 1,881
Foreign Currency Bonds FR0038 and
FR0040 47,725
12112006 01272007 48,054
182 47,872 Bonds FR0019, FR0023,
FR0034 and bonds 50,588
12152006 01152007 50,828
116 50,712 Bonds FR0034 and FR0040
16,226 12212006
01222007 16,305
54 16,251
Jumlah 1,869,893
1,873,109 13,329
1,859,780
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
73
22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE continued
