NET OPEN POSITION Bank Mandiri Tbk (english)
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated
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52. NON-PERFORMING EARNING ASSETS RATIO, TOTAL ALLOWANCE FOR POSSIBLE LOSSES ON EARNING ASSETS RATIO, SMALL-SCALE LOANS RATIO AND LEGAL LENDING LIMIT continued
Legal Lending Limit BMPK as of December 31, 2008 and 2007 did not exceed the BMPK regulation for related parties and third parties. BMPK is calculated in accordance with Bank Indonesia Regulation - PBI
No. 73PBI2005 dated January 20, 2005 as revised with PBI No. 813PBI2006 dated October 15, 2006 regarding changes on PBI No. 73PBI2005 regarding Legal Lending Limit Commercial Bank.
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 Capital Market Services Department 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 information regarding customers’ securities which is kept and administered by
Bank Mandiri’s custody. In order to fulfill the investors needs in investing in various 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 Bonds 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 maximize their investment return by lending their securities to securities companies through intermediary and guarantee of PT Kliring Penjaminan
Efek Indonesia. As of December 31, 2008 and 2007, Bank Mandiri’s Custodial Operations has 416 and 370 customers,
respectively. The customers are primarily pension funds, insurance companies, banks, institution, securities companies, mutual funds and other institutionlegal entity and individual customer with a total
portfolio value as of December 31, 2008 of Rp97,801,970, US425,028,200 full amount and
JPY1,344,444,444 full amount and as of December 31, 2007 of Rp90,072,761, US439,473,200 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
Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated
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