Securities Purchased under Resale Agreements
BANK INDONESIA
Notes to Financial Statements As at December 31, 2008
22
1 Government Bonds SUP
The values of SUP as at December 31, 2008 and December 31, 2007 were as follows:
December 31, 2008 December 31, 2007
IDR million IDR million
Nominal value: - SU-002MK1998
20,000,000 20,000,000
- SU-004MK1999 53,779,500
53,779,500 - SU-005MK1999
1,218,592 2,437,185
- SU-007MK2006 53,817,977
53,817,977 128,816,069
130,034,662
a SUP Number SU-002MK1998 SU-002
SU-002 was issued on October 23, 1998 based on Presidential Decree Number 55 of 1998 concerning Domestic Loans in the form of Debt
Securities in relation with Government Regulation Number 60 of 1998 concerning Addition of The Republic of Indonesia’s Equity Participation in PT
Bank Ekspor Impor Indonesia PT. BEII.
The nominal value of SU-002 was IDR20,000,000 million, non-transferable and non-marketable.
As stated in Minister of Finance Letter Number S-505MK.082006 dated November 24, 2006, since January 1, 2006 the terms and conditions of SU-
002 has been amended as follows:
1 SU-002 interest rate is 1 per annum calculated based on the outstanding principal balances, without indexation and paid in cash by
the Government to Bank Indonesia semi-annually on April 1 and October 1. The first payment was settled on December 1, 2006 to settle interest
due on April 1, 2006 and October 1, 2006.
2 Principal repayment is divided into 31 installments. The first installment is due on April 1, 2010, the next installments will be due on April 1 and
October 1 each year until the final installment is due on April 1, 2025. Principal repayment may be settled in form of cash or marketable
treasury bonds.
This amendment of SU-002 is part of the Agreement between the Minister of Finance and the Governor of Bank Indonesia dated April 18, 2006 regarding
the Restructurization of Government Bond Number SU-002MK1998 and SU-004MK1999, that was supported by Commission XI of the DPR-RI in the
work meeting between Commission XI DPR-RI with the Minister of Finance and the Governor of Bank Indonesia dated October 11, 2006.
Based on Act No. 41 of 2008 dated November 10, 2008 concerning Government Income and Expenditure Budget for the year 2009, the Minister