PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5132 53. NON-PERFORMING EARNING ASSETS RATIO, ALLOWANCE FOR POSSIBLE LOSSES ON
EARNING ASSETS RATIO, SMALL-SCALE LOANS RATIO AND LEGAL LENDING LIMIT continued
The ratio of small-scale loans to total loans provided by Bank Mandiri as at 31 December 2009, 2008 and 2007 were 3.23, 2.66 and 3.31, respectively.
The Legal Lending Limit LLL as at 31 December 2009, 2008 and 2007 did not exceed the LLL regulation for related parties and third parties. LLL is calculated in accordance with Bank Indonesia
Regulation - PBI No. 73PBI2005 dated 20 January 2005 regarding Legal Lending Limit for Commercial Bank as amended in PBI No. 813PBI2006 dated 5 October 2006.
54. CUSTODIAL AND TRUST OPERATIONS
Custodial Operations Bank Mandiri started rendering custodial services in 1995. The operating license for custodial services
was renewed based on Bapepam Decision Letter No. KEP.01PMKstd1999 dated 4 October 1999. Bank Mandiri’s Custodial, which is part of the Capital Market Services Department, International
Banking Capital Market Services Group, 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 marketable securities and other valuable assets.
c. Corporate action services related to the rights on the marketable securities.
d. Proxy services for its customers’ shareholders’ meetings and bond holders’ meetings.
e. Generate reports and information regarding customers’ marketable securities which is kept and
administred by Bank Mandiri’s custody. In order to fulfill the investors needs in investing in various marketable securities instruments, Bank
Mandiri’s Custodial Operations facilitates it by acting as: a.
General custodial which provides services for investors investing in capital market of Indonesia; 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 dualmulti listing; c.
Sub-registry services for settlement of Government Debenture Debt SUN and SBIs transactions; d.
Custodial for mutual funds issued and managed by investment manager; e.
As direct participant of Euroclear for customer who is conducting investment and settlement of securities transactions listed in overseas market and recorded in Euroclear Operations Centre,
Brussels; f.
Securities lending as services for customers who want to maximise their investment return by lending their securities to securities companies through intermediary and guarantee of PT Kliring
Penjaminan Efek Indonesia PT KPEI. g.
Custody services for Exchange Traded Fund ETF which issued and managed by an investment manager. The unit of participation will be traded on stock exchange.
As at 31 December 2009, 2008 and 2007, Bank Mandiri’s Custodial Operations has 434,416 and 370 customers, respectively. The customers are primarily pension funds, insurance companies, banks,
institution, securities companies, mutual funds, other institutionlegal entity and individual customer with a total portfolio value as at 31 December 2009 of Rp122,113,182, USD382,734,735 full amount,
JPY2,016,666,666 full amount and EUR105,647 full amount, as at 31 December 2008 of Rp97,801,970, USD425,028,200 full amount and JPY1,344,444,444 full amount and as at
31 December 2007 of Rp90,072,761, USD439,473,200 full amount and JPY672,222,222 full amount.
Bank Mandiri carries insurance on custodial services against potential losses from safekeeping and transit of securities in accordance with the Capital Market and Financial Institution Supervisory Board’s
regulation.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5133 54. CUSTODIAL AND TRUST OPERATIONS continued
Trust Operations Bank Mandiri had been rendering trustee services since 1983. The operating license for trustee
services was renewed and re-registered with Capital Market and Financial Institution Supervisory Board as stipulated in Decision Letter No. 17STTD-WAPM1999 dated 27 October 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
As at 31 December 2009, Bank Mandiri as Trustee has 23 trustee customers with the total value of bonds and MTN issued amounting to Rp16,184,400, as at 31 December 2008 has 25 trustee customers
with the total value of bonds and MTN issued amounted to Rp14,124,400, and as at 31 December 2007 has 37 trustee customers with the total value of bonds and MTN issued amounted to
Rp13,686,607 and USD100,000,000 full amount, respectively. While the sinking fund, escrow account and third party funds managed amounted to Rp463,128 on behalf of 14 customers, Rp378,176 on
behalf of 26 customers and Rp448,816 on behalf of 17 customers as at 31 December 2009, 2008, and 2007, respectively.
Both Bank Mandiri Trust and Custodial Services have received Quality Certification ISO 9001:2000.
55. CHANNELING LOANS
