g. Request by legal heir of deceased deposit or h. For purposes of examinat ion pert aining t o money
laundering. Implement at ion of t he provisions in let t ers a, b, and c,
shall require prior w ritten order or approval for w aiving of bank secrecy f rom t he management of BI, w hile
implement at ion of t he provisions in let t ers d, e, f , g, and h shall not require such order or approval.
21. Government Securities SUN
SUN consist s of Treasury Bills and Sovereign Bonds. Treasury Bills are issued w it h a m at urit y up t o 12
t w elve m ont hs, w it h int erest paym ent using t he discount s syst em. Sovereign Bonds are issued w it h a
m at urit y of m ore t han 12 t w elve m ont hs, w it h variable rate, fixed rate, andor interest payment using
t he discount s syst em. Any person, company, business part nership, associat ion, or organized group m ay
purchase SUN by take place the placement of bids w ith Bank Indonesia t hrough bidders consist ing of Banks,
M oney M arket Brokerage Companies, and Securit ies Companies f ulf illed t he crit eria by M inist er of Finance.
22. Human Resources Development at Banks
Banks are required t o provide educat ion and t raining f unds t o develop prof essional hum an resources at
bank. For Commercial Banks, educat ion and t raining f unds are st ipulat ed at no less t han 5 of human
resources budget . For Rural Banks, t he f unds are st ipulat ed at no less t han 5 of act ual expense
incurred for human resources throughout the previous year. In case of t he educat ion and t raining f unds have
not f ully used by t he end of t he current year, t he f und shall be added int o t he f unds f or t he f ollow ing year.
Educat ion and t raining may be implement ed by t he f ollow ing means:
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organized by t he bank it self ;
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part icipat e in educat ion and t raining provided by anot her bank;
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w ork t oget her t o organize educat ion w it h anot her bank; or
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assign human resources t o part icipat e in educat ion and t raining provided by a banking educat ional
inst it ut ion. The educat ion and t raining plan shall be approved by
t he Board of Commissioners or supervisory board and shall be report ed t o Bank Indonesia in t he annual
business plan.
23. Depositor Funds Guarantee
As st ipulat ed in Act No. 24 of 2004 dat ed Sept ember 22 concerning t he Deposit Insurance Agency, t o t ake
eff ect 12 m ont hs af t er t he dat e of prom ulgat ion, deposit ors at banks and rural banks holding demand
deposits, time deposits, certificates of deposits, savings deposits, andor other equivalent form of deposit funds
shall benef it f rom government prot ect ion ext ended t h ro u g h t h e Dep o si t In su r an ce A g en cy LPS.
Lim it at io n s o n d ep o sit valu e p ro t ect ed b y t h is guarant ee w ill be phased in as f ollow s:
a. For 6 mont hs af t er Act No. 24 of 2004 becomes eff ect ive, deposit s shall be guarant eed t o t heir f ull
value; b. For t he next 6 mont hs af t er t he period ref erred to
in let t er a, d ep o sit s sh all b e g u aran t eed t o a maximum of Rp 5 billions;
c. For t he next 6 mont hs af t er t he period ref erred t o in let t er b , d ep o sit s sh all b e g u aran t eed t o a
maximum of Rp 1 billion; d. Af t er expirat ion of t he period ref erred t o in let t er
c, t he maximum guarant eed value of deposit s f or each cust omer at any one bank shall be Rp 100
millions. Af t er t he operat ing license of a bank is revoked,
deposit ors have a maximum of 5 years t o f ile Deposit Insurance claims against t he LPS.
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24. Special Treatment for Commercial Bank Credit follow ing the National Disaster in Aceh Province
