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Th e ru ral b an k t h at w as exit ed f ro m sp ecial surveillance in case f inancial condit ion is improved
so The Capit al Adequacy Rat io CAR at least 4 and average Cash Rat io f or t he past six mont hs at
least 3 Af t er get t he announcement f rom BI in let t er b and c,
LPS w ill evaluat e t o t ake decision rescue or not . If LPS decide not t o rescue, BI shall est ablish a revocat ion of
operat ing license w it h t he announcement f rom LPS and publish it t o t he sociat e.
12. Certifying Institution for Rural Bank
The objectives for establishing the certifying institutions are:
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To ensure t he qualit y of t he cert if ying syst em
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To ensure t he im plem ent at ion of t he cert if ying syst em; and
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To im p ro ve t h e q u alit y o f p er f o r m an ce an d prof essionalism of BPR’s human resources.
The requirements that must be fulfilled by the certifying inst it ut ions are:
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Having a vision and mission to improve and develop human resources in BPRs t o support t he creat ion
of sound, healt hy and eff icient indust rial condit ion f or BPRs;
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Const it ut ing t he minimum bodies t hat consist of : Cert if ying Board, Nat ional Curriculum Commit t ee,
and management .
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Having and conduct ing it s dut ies based on it s co m p et en ce an d co m m i t m en t t o m an ag e,
det ermine, and organize t he cert if ying syst em.
13. Debtor Information System SID
The operat ion of t he Debt or Inf ormat ion Syst em is int ended t o assist report ing ent it ies in expedit ing t he
process of provision of f unds, f acilit at e t he applicat ion of risk management , and assist banks in ident if icat ion
of debt or qualit y f or purposes of legal compliance. Commercial bank, non-bank financial institution, non-
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bank credit providers, and rural bank w ith are required t o b eco m e rep o rt in g en t it ies w it h in t h e d eb t o r
inf ormat ion syst em. The scope of debt or inf ormat ion provided t o a report ing ent it y shall include but not be
lim it ed t o t he ident it y of t he debt or, ow ner and management , f acilit ies f or provision of f unds received
by debt or, collat eral, guarant or, andor collect ibles.
14. Restrictions on Rupiah Transactions and Foreign Currency Loans By Banks
Banks are prohibited andor restricted andor exempted in regard t o conduct ing cert ain t ransact ions w it h
f oreign part ies. The prohibit ed t ransact ions are as f ollow s:
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Provision of credit and overdrafts in Rupiahsforeign currencies
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Placement s in rupiah
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Purchase of rupiah-denominat ed securit ies issued by f oreign part ies
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Int eroff ice account s in rupiahs
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In t er o f f ice acco u n t s in f o reig n cu rren cy f o r provision of credit out side Indonesia
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Equit y part icipat ion in rupiahs
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Rupiah transfer to an account held by foreign parties andor joint account held by a f oreign part y and
non-f oreign part y at a domest ic banks
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Rupiah t ransf er t o an account held by a f oreign party andor joint account held by foreign party and
non-f oreign part y at an overseas bank. Banks are prohibited from conducting rupiah transfers
t o non f oreign part ies out side Indonesia. The rest rict ed t ransact ions are as f ollow s:
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Foreign exchange selling derivat ive t ransact ions against rupiahs;
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Foreign exchange buying derivat ive t ransact ions against rupiah.
Exem p t io n s t o p ro h ib it io n s an d rest r ict io n s o n t ransact ions are as f ollow s:
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The prohibition on provision of credit shall not apply to: syndicated credit that meets some requirements;
credit card; consumpt ion credit used in Indonesia; int raday rupiah and f oreign currency overdraf t ;
overdrafts in rupiah and foreign currency due to imposit ion of administ rat ion charges; negot iat ion
b y f o reig n p art ies o f claim s f ro m t h e ag en cy appoint ed by t he government f or management of
banks asset s w it hin t he f ramew ork of Indonesian b an k r est r u ct u r i n g , f o r w h i ch p aym en t i s
guarant eed by a prime bank.
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The prohibit ion on purchase of securit ies in rupiah shall not apply t o: purchase of securit ies relat ed t o
merchandise export f rom Indonesia, merchandise im p o r t s in t o In d o n esia, an d d o m est ic t r ad e;
purchase rupiah-denominat ed bank draf t s issued by overseas banks f or t he account of Indonesian
overseas w orkers in w hich t he rupiah f unds are received by non f oreign part ies w it hin Indonesia.
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The prohibit ion on rupiah t ransf ers shall not apply if conduct ed: as part of an economic act ivit y in
Indonesia; or bet w een account s held by t he same f oreign part y.
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The rest rict ions on f oreign exchange derivat ive t ransact ion against rupiahs shall not apply in t he
case o f d erivat ive t ran sact io n s co n d u ct ed f o r h ed g in g p u r p o ses as p ar t o f : in vest m en t in
Indonesia w it h a t im e f ram e of no less t han 3 mont hs; merchandise export s f rom Indonesia and
merchandise import int o Indonesia by means of let t er of credit LC; andor domest ic t rade means
of domest ic let t er of credit SKBDN
15. National Clearing System
