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
121
53. CUSTODIAL AND TRUST OPERATIONS
Custodial Operations Bank Mandiri started rendering custodial services in 1995. The operating license for custodial services was
renewed and re-issued based on Bapepam Decision Letter No. KEP.01PMKstd1999 dated October 4, 1999. Bank Mandiri’s Custodial, which is part of the Securities Services Department SSD of Bank Mandiri,
provides a full range of custodial services such as: a. Settlement and handling services for script and scriptless trading transactions.
b. Safekeeping and administration of securities and other valuable assets. c. Corporate action services related to the rights on the securities.
d. Proxy services for its customers’ shareholders’ meetings and obligation holders’ meetings e. Generate reports and informations regarding customers’ securities kept and administrated by custody.
In order to fulfill the investors needs in investing in various securities instruments, Bank Mandiri’s Custodial facilitates by acting as:
a. General custodial which provides services for the investors in investing in the Indonesia capital market; b. Local custodial for American Depository Receipts ADRs and Global Depository Receipts GDR which
is needed by the investors in converting the companies’ shares listed in local and overseas stock exchange dual listing;
c. Sub-registry services for settlement of transactions of Indonesian recapitalization bonds “Government Recapitalization Bonds” as well as SBIs;
d. Custodial for mutual fund issued and managed by investment manager; e. As direct participant of Euroclear for customer who is conducting investment and securities
transactions settlement listed in overseas market and recorded in Euroclear Operations Centre, Brussels;
f. Securities lending as services for customers who want to maximize their investment return by lending their securities to securities companies through intermediary and guarantee by PT Kliring Penjaminan
Efek Indonesia. Bank Mandiri has 337 and 329 custodial customers as of December 31, 2006 and 2005, respectively. The
customers are primarily pension funds, insurance companies, institution, banks, securities companies, mutual funds and other private companies with a total portfolio value as of December 31, 2006 of
Rp73,596,884 and US395,383,869.08 full amount and as of December 31, 2005 of Rp60,690,045 and US260,618,596.36 full amount.
Bank Mandiri carries insurance on custodial services against safekeeping and transit loss in accordance with Capital Market Supervisory Agency and financial institutions’ regulation.
Trust Operations Bank Mandiri had been rendering trustee services since 1983. The operating license for trustee services
was renewed and re-registered with Bapepam as stipulated in Decision Letter No. 17STTD-WAPM1999 dated October 27, 1999. The Trustee Services Business TSB provides a full range of the following
services:
a. Trustee for bonds MTN
b. Escrow Account
Agent c. Paying
Agent d.
Initial Public OfferingIPO Receiving Bank e. Security
Agent
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
122
53. CUSTODIAL AND TRUST OPERATIONS continued
