Periodic Report Bank Reports Type of Report
This page is intentionally left blank
205
VI . OTHERS A. Banking Popular Terminology
Terminology Description
Collateral Collateral given by debtor customers to the
bank in relation to loans or inancing facility. Machine with computer system activated
using bank’s magnetic card coded or given password. From this machine customers
may save money, withdraw cash, transfer fund to other accounts, and other routine
transactions.
Bank Notes Form, note, and other written evidence that
proves a transaction, containing description or payment order.
Cheque Written order from a customer to a bank
in order to withdraw fund for the amount written on the customer’s behalf or bearer.
National Black List
A compilation list of Bank’s Individual Black List in Bank Indonesia, DHIB which data
derived from the Oice of National Black List Management KPDHN, to be accessed
by Banks.
Bank Guarantee
Leasing contract between leasing object owner including ownership of payment
guarantee given to guarantee recipient, in case the guaranteed party does not fulill its
obligation.
Debit Card Bank’s card that can be used to pay for
a transaction andor withdraw a sum of money charged to the card holder’s account
using PIN Personal Identiication Number Automated
Cash Machine ATM
206
Terminology Description
Credit Card Card issued by banks or credit card
management companies that give the right to the person who meets certain conditions,
whose name is written on the card, to use it as credit payment instrument on purchase
of goods or services, or to withdraw cash within the credit limit as set by the banks or
credit card management companies.
Safe Deposit Box
Box rental service to keep valuables things or commercial papers that is speciically
made of steel material and placed inside a strong vault, burglarproof and ireproof, to
guarantee the safety of the valuables kept and give sense of security to users.
Deposit Insurance
Agency LPS A legal entity that undertakes insurance
activities of customers’ savings.
PIN Personal Identiication
Number Conidential numbers given to cardholders
credit card, ATM card, debit card, etc, which coded numbers can be given by the
bank or inancing company, or chosen by the cardholders.
Transfer Remittance
Service for money transfer from one account’s owner to another or to the same
account’s owner, from one city to another or to the same city, in Rupiah or in foreign
currency.
Disqualiied List
A list managed by BI that contains the names of parties that did not pass the it and proper
test towards shareholders, controlling shareholders, board of commissioners,
board of directors and executive oicers.
207
Terminology Description
Customer Due Diligence
CDD Activities in the form of identiication,
veriication and supervision by Banks to ensure that the transaction is in accordance
with the customer’s proile. CDD should be performed when:
a. Making business relations with
prospective customers; b. Making business relations with WIC;
c. Bank doubts the accuracy of information given by customers,
endorsees, andor Beneicial Owners, or
d. There are unusual inancial transactions related to money laundering andor
terrorism funding. Enhanced
Due Diligence EDD
More depth CDD conducted by Banks when having business relations with
customers who are considered having high risks, including Politically Exposed Person
towards the possibility of money laundering and terrorism funding.
Politically Exposed
Person PEP Persons who are trusted with public
authorities, among others State Government Ofcials as stated in the
provisions of laws and regulations which governs The State Oicials, andor persons
recorded as members of a political party which have inluence over the political
party’s policies and operations, whether the persons in question are Indonesian citizens
or Foreign citizens.
Walk In Customer
WIC Users of bank services who do not have
account with the related Bank, not including parties who receive orders or
assignments from Customers to make transactions on behalf of the Customers.
208