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The prohibition on provision of credit shall not apply to: syndicated credit that meets some requirements;
credit card; consumpt ion credit used in Indonesia; int raday rupiah and f oreign currency overdraf t ;
overdrafts in rupiah and foreign currency due to imposit ion of administ rat ion charges; negot iat ion
b y f o reig n p art ies o f claim s f ro m t h e ag en cy appoint ed by t he government f or management of
banks asset s w it hin t he f ramew ork of Indonesian b an k r est r u ct u r i n g , f o r w h i ch p aym en t i s
guarant eed by a prime bank.
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The prohibit ion on purchase of securit ies in rupiah shall not apply t o: purchase of securit ies relat ed t o
merchandise export f rom Indonesia, merchandise im p o r t s in t o In d o n esia, an d d o m est ic t r ad e;
purchase rupiah-denominat ed bank draf t s issued by overseas banks f or t he account of Indonesian
overseas w orkers in w hich t he rupiah f unds are received by non f oreign part ies w it hin Indonesia.
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The prohibit ion on rupiah t ransf ers shall not apply if conduct ed: as part of an economic act ivit y in
Indonesia; or bet w een account s held by t he same f oreign part y.
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The rest rict ions on f oreign exchange derivat ive t ransact ion against rupiahs shall not apply in t he
case o f d erivat ive t ran sact io n s co n d u ct ed f o r h ed g in g p u r p o ses as p ar t o f : in vest m en t in
Indonesia w it h a t im e f ram e of no less t han 3 mont hs; merchandise export s f rom Indonesia and
merchandise import int o Indonesia by means of let t er of credit LC; andor domest ic t rade means
of domest ic let t er of credit SKBDN
15. National Clearing System
Clearing is t he exchange of paper inst rum ent s or elect ronic f inancial dat a among clearing members,
w het her in f avor of members or in f avor of cust omers of members, w it h set t lement calculat ions complet ed
at a specif ied t im e. The Bank Indonesia Nat ional
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Clearing System SKNBI is the Bank Indonesia Clearing syst em t hat covers debit clearing and credit clearing
w it h set t lem ent conduct ed on a nat ionw ide basis. Set t lement during debit clearing and credit clearing is
conduct ed by t he Nat ional Clearing Operat or on t he basis of t he result s of net mult ilat eral calculat ion and
t he novat ion principle and is f inal and irrevocable. Set t lement also t akes place on t he basis of same-day
settlement. Debit notes issued by a Bank for processing in debit clearing in t he SKNBI are rest rict ed in amount
t o no more t han Rp 10 million per debit not e. Credit t ransf ers processed in credit clearing are rest rict ed t o
no more t han Rp 100 million per t ransact ion.
16. Real Time Gross Settlement RTGS
To su p p o r t t h e ach i evem en t o f an ef f i ci en t , expedit ious, secure, and reliable payment syst em f or
upholding f inancial syst em st abilit y, Bank Indonesia h as im p lem en t ed t h e Ban k In d o n esia Real Tim e
Set t lement syst em BI-RTGS. BI-RTGS is a syst em f or electronic funds transfer among M embers in the rupiah
currency w it h set t lement processed on an individual per t ransact ion basis.
17. Intercity Clearing
Any bank t hat is regist ered and approved by BI may conduct t he clearing of checks and bilyet giro issued
by bank off ices t hat are not members in t he Clearing Area in w hich t he checks and bilyet giro are cleared.
Th e b en ef it s o f In t ercit y Clearin g are im p ro ved eff iciency in t ime and cost s due t o:
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Funds becom e available f rom checksbilyet giro according t o t he local clearing schedule w here t he
not es are cleared same day set t lement
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Processing f ees charged by BI are t he same as f or ot her local clearing inst rument s
18. Bank Indonesia Certificates SBIs
