2025-09-17
Added · Updated
Sharia Commercial Banks (BUS) are required to maintain a Leverage Ratio of at least 3% calculated as Core Capital divided by Total Exposure, with compliance first required for the end of the first quarter of 2026. The regulation mandates quarterly reporting of leverage ratio calculations and exposures to the Financial Services Authority (OJK) via its reporting system, as well as public disclosure of these values starting from the end of September 2026. BUS entities that fail to meet the ratio must submit a corrective action plan, and violations of reporting or compliance obligations are subject to administrative sanctions including written reprimands, suspension of specific business activities, or a downgrade in health level.
OJK published 6 documents in the last 30 days — get each new one by email the day it lands.
EXTRACT
FINANCIAL SERVICES AUTHORITY REGULATION
OF THE REPUBLIC OF INDONESIA
NUMBER 21 OF 2025
ON
LEVERAGE RATIO COMPLIANCE REQUIREMENTS FOR
SHARIA COMMERCIAL BANKS
BY THE GRACE OF GOD THE ALMIGHTY
THE COMMISSIONERS OF THE FINANCIAL SERVICES AUTHORITY,
Considering:
a. that in order to create a healthy, developing, and globally competitive Sharia banking system that is in line with the development of international standards, a strong capital structure for Sharia Commercial Banks is required; b. that in order to measure the capital structure of Sharia Commercial Banks, a Leverage Ratio is needed to complement the risk-based minimum capital adequacy requirement ratio;
c. that in order to support the policy of developing and strengthening Sharia banking, it is necessary to expand regulations on capital adequacy in Sharia banking;
d. that based on the considerations as referred to in letters a, b, and c, it is necessary to establish a Financial Services Authority Regulation on Leverage Ratio Compliance Requirements for Sharia Commercial Banks;
Recalling:
Number 4 of 2023 on the Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia Year 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);
DECIDES:
Establish: FINANCIAL SERVICES AUTHORITY REGULATION ON LEVERAGE RATIO COMPLIANCE REQUIREMENTS FOR SHARIA COMMERCIAL BANKS.
CHAPTER I
GENERAL PROVISIONS
Article 1
In this Financial Services Authority Regulation, the following terms are defined as:
CHAPTER II
LEVERAGE RATIO PROVISIONS
Article 2
(1) BUS is required to provide adequate Core Capital based on Total Exposure recorded in the balance sheet report and the commitment and contingency report.
(2) Adequate Core Capital provision as referred to in paragraph (1) is calculated using the Leverage Ratio.
(3) BUS is required to comply with the Leverage Ratio as referred to in paragraph (2) of at least 3% (three percent) at all times.
(4) The Leverage Ratio as referred to in paragraph (2) is calculated in Rupiah denomination.
(5) The Leverage Ratio compliance obligation as referred to in paragraph (3) first becomes effective for the position at the end of the first quarter of 2026.
(6) The Financial Services Authority may establish a Leverage Ratio different from the Leverage Ratio compliance obligation as referred to in paragraph (3) based on certain considerations.
Article 3
(1) In the event that BUS owns and/or controls a Subsidiary Company, the Leverage Ratio compliance obligation as referred to in Article 2 paragraph (3) applies to BUS individually and on a consolidated basis. (2) Leverage Ratio compliance on a consolidated basis as referred to in paragraph (1) does not include Subsidiary Companies that conduct Sharia insurance business activities.
Article 4
(1) BUS that violates the provisions as referred to in Article 2 paragraph (1) and/or paragraph (3) is subject to administrative sanctions in the form of a written reprimand.
(2) In the event that BUS has been subject to administrative sanctions as referred to in paragraph (1) and continues to violate the provisions as referred to in Article 2 paragraph (1) and/or paragraph (3), BUS is subject to administrative sanctions in the form of:
a. suspension of specific business activities; and/or b. downgrade of the BUS health level.
(3) In the event that BUS has been subject to administrative sanctions as referred to in paragraph (1) and/or paragraph (2), the principal party of BUS may be subject to administrative sanctions in the form of a prohibition from acting as a principal party in accordance with the Financial Services Authority Regulation regarding re-evaluation for principal parties of financial service institutions.
CHAPTER III
LEVERAGE RATIO CALCULATION
Article 5
(1) For Leverage Ratio compliance as referred to in Article 2 paragraph (3), BUS is required to calculate Core Capital and Total Exposure.
(2) Core Capital as referred to in paragraph (1) includes core capital primary and additional core capital for BUS by considering capital reduction factors, as regulated in the Financial Services Authority Regulation regarding minimum capital adequacy requirements for Sharia Commercial Banks. (3) Total Exposure as referred to in paragraph (1) includes trading book and banking book positions. (4) In calculating Total Exposure as referred to in paragraph (1), BUS is prohibited from:
a. performing netting processes between asset positions and liabilities recorded in the balance sheet report; b. recognizing credit risk mitigation techniques as reduction factors for Total Exposure; and/or
c. recognizing assets that have been calculated as reduction factors for Core Capital as regulated in the Financial Services Authority Regulation regarding minimum capital adequacy requirements for Sharia Commercial Banks.
(5) Asset exposure financed from funding sources of restricted investment products where all risks are borne by investor customers may be excluded from the Leverage Ratio calculation. (6) The method of calculating the Leverage Ratio as referred to in paragraph (1) is contained in Appendix I which is an integral part of this Financial Services Authority Regulation.
Article 6
(1) BUS that violates the provisions as referred to in Article 5 paragraph (1) and/or paragraph (4) is subject to administrative sanctions in the form of a written reprimand.
(2) In the event that BUS has been subject to administrative sanctions as referred to in paragraph (1) and continues to violate the provisions as referred to in Article 5 paragraph (1) and/or paragraph (4), BUS is subject to administrative sanctions in the form of:
a. suspension of specific business activities; and/or b. downgrade of the BUS health level.
(3) In the event that BUS has been subject to administrative sanctions as referred to in paragraph (1) and/or paragraph (2), the principal party of BUS may be subject to administrative sanctions in the form of a prohibition from acting as a principal party in accordance with the Financial Services Authority Regulation regarding re-evaluation for principal parties of financial service institutions.
CHAPTER IV
REPORTING AND PUBLICATION
Article 7
(1) BUS is required to submit a report on Leverage Ratio compliance obligations based on the end-of-quarter position to the Financial Services Authority.
(2) The Leverage Ratio compliance obligation report as referred to in paragraph (1) consists of:
a. Leverage Ratio Total Exposure report; and b. Leverage Ratio calculation report.
(3) The end-of-quarter position report as referred to in paragraph (1) is a report for the end-of-position months of March, June, September, and December.
(4) The format of the Leverage Ratio compliance obligation report as referred to in paragraph (1) is contained in Appendix II which is an integral part of this Financial Services Authority Regulation.
Article 8
(1) BUS is required to submit the Leverage Ratio compliance obligation report as referred to in Article 7 electronically through the Financial Services Authority reporting system. (2) The electronic reporting method as referred to in paragraph (1) is implemented in accordance with the Financial Services Authority Regulation regarding reporting of commercial banks through the Financial Services Authority reporting system. (3) In the event that the Financial Services Authority reporting system for the Leverage Ratio compliance obligation report as referred to in paragraph (1) is not yet available, BUS is required to submit the Leverage Ratio compliance obligation report offline. (4) The quarterly Leverage Ratio compliance obligation report as referred to in paragraph (1) and paragraph (3) is submitted no later than:
a. the 7th day after the end of the reporting month, for individual quarterly Leverage Ratio compliance obligation reports; and b. the last day of the month following the end of the reporting month, for consolidated quarterly Leverage Ratio compliance obligation reports. (5) The quarterly Leverage Ratio compliance obligation report as referred to in paragraph (3) is submitted to:
a. the Sharia Banking Department or the Financial Services Authority Office in Jakarta, for BUS with headquarters in the Special Capital Region of Jakarta Province; or b. the local Financial Services Authority Office, for BUS with headquarters outside the Special Capital Region of Jakarta Province. (6) In the event that the submission deadline for the report as referred to in paragraph (4) falls on a Saturday, Sunday, and/or public holiday, the report is submitted on the next working day. (7) The Leverage Ratio compliance obligation report as referred to in paragraph (1) is first submitted for the end-of-position month of March 2026. (8) The Financial Services Authority may at any time request BUS to submit the Leverage Ratio compliance obligation report.
Article 9
(1) BUS is required to publish the calculation report and value of the quarterly Leverage Ratio for the months of March, June, September, and December.
(2) The publication obligation for the quarterly Leverage Ratio calculation as referred to in paragraph (1) is first carried out for the reporting position of September 2026.
(3) The format for publishing the quarterly calculation report and value of the Leverage Ratio as referred to in paragraph (1) is in accordance with the format of the Leverage Ratio compliance obligation report as contained in Appendix II which is an integral part of this Financial Services Authority Regulation. (4) The method and timeframe for publishing the quarterly calculation report and value of the Leverage Ratio as referred to in paragraph (1) are carried out in accordance with the Financial Services Authority Regulation regarding transparency and publication of bank reports. (5) BUS is deemed not to have published the quarterly Leverage Ratio value as referred to in paragraph (1) if the published quarterly publication report does not include information regarding the Leverage Ratio value.
Article 10
(1) BUS that violates the provisions as referred to in Article 8 paragraph (3) is subject to administrative sanctions in the form of a written reprimand.
(2) In the event that BUS has been subject to administrative sanctions as referred to in paragraph (1) and continues to violate the provisions as referred to in Article 8 paragraph (3), BUS is subject to administrative sanctions in the form of:
a. suspension of specific business activities; and/or b. downgrade of the BUS health level.
(3) In the event that BUS has been subject to administrative sanctions as referred to in paragraph (1) and/or paragraph (2), the principal party of BUS may be subject to administrative sanctions in the form of a prohibition from acting as a principal party in accordance with the Financial Services Authority Regulation regarding re-evaluation for principal parties of financial service institutions. (4) BUS that violates the provisions as referred to in Article 7 paragraph (1) and/or Article 8 paragraph (1) is subject to administrative sanctions in accordance with the Financial Services Authority Regulation regarding reporting of commercial banks through the Financial Services Authority reporting system. (5) BUS that violates the provisions as referred to in Article 9 paragraph (1) is subject to administrative sanctions in accordance with the Financial Services Authority Regulation regarding transparency and publication of bank reports.
CHAPTER V
LEVERAGE RATIO COMPLIANCE AND ACTION PLAN
Article 11
(1) In the event that BUS is unable to comply with the Leverage Ratio in accordance with the provisions as referred to in Article 2 paragraph (3) and paragraph (5), BUS is required to prepare an Action Plan individually and on a consolidated basis and submit it to the Financial Services Authority. (2) The Financial Services Authority may request BUS to make adjustments to the Action Plan as referred to in paragraph (1). (3) BUS is required to submit the Action Plan individually and on a consolidated basis as referred to in paragraph (1) no later than the end of the following month since BUS faced the conditions as referred to in paragraph (1). (4) BUS is required to submit the Action Plan as referred to in paragraph (3) electronically through the Financial Services Authority reporting system. (5) In the event that the Financial Services Authority reporting system for the Action Plan as referred to in paragraph (4) is not yet available, BUS is required to submit the Action Plan offline. (6) Offline submission as referred to in paragraph (5) is submitted to:
a. the Sharia Banking Department or the Financial Services Authority Office in Jakarta, for BUS with headquarters in the Special Capital Region of Jakarta Province; or b. the local Financial Services Authority Office, for BUS with headquarters outside the Special Capital Region of Jakarta Province. (7) The format of the Action Plan as referred to in paragraph (1) is contained in Appendix III which is an integral part of this Financial Services Authority Regulation.
Article 12
(1) BUS is required to submit a report on the realization of the Action Plan to the Financial Services Authority no later than 10 (ten) working days after the target completion time of the Action Plan. (2) The report on the realization of the Action Plan as referred to in paragraph (1) contains at least:
a. repair actions that have been carried out by BUS; b. obstacles in implementing repair actions; and
c. implementation time for repairs.
(3) Submission of the report on the realization of the Action Plan as referred to in paragraph (1) is carried out electronically through the Financial Services Authority reporting system. (4) In the event that the Financial Services Authority reporting system as referred to in paragraph (3) is not yet available for the report on the realization of the Action Plan, BUS is required to submit the report on the realization of the Action Plan offline. (5) Offline submission as referred to in paragraph (4) is submitted to:
a. the Sharia Banking Department or the Financial Services Authority Office in Jakarta, for BUS with headquarters in the Special Capital Region of Jakarta Province; or b. the local Financial Services Authority Office, for BUS with headquarters outside the Special Capital Region of Jakarta Province.
Article 13
(1) BUS that violates the provisions as referred to in Article 11 paragraph (1), paragraph (5), and/or Article 12 paragraph (4) is subject to administrative sanctions in the form of a written reprimand. (2) In the event that BUS has been subject to administrative sanctions as referred to in paragraph (1) and continues to violate the provisions as referred to in Article 11 paragraph (1), paragraph (5), and/or Article 12 paragraph (4), BUS is subject to administrative sanctions in the form of:
a. suspension of specific business activities; and/or b. downgrade of the BUS health level.
(3) In the event that BUS has been subject to administrative sanctions as referred to in paragraph (1) and/or paragraph (2), the principal party of BUS may be subject to administrative sanctions in the form of a prohibition from acting as a principal party in accordance with the Financial Services Authority Regulation regarding re-evaluation for principal parties of financial service institutions. (4) BUS that violates the provisions as referred to in Article 11 paragraph (3), paragraph (4), Article 12 paragraph (1), and/or paragraph (3) is subject to administrative sanctions in accordance with the Financial Services Authority Regulation regarding reporting of commercial banks through the Financial Services Authority reporting system.
CHAPTER VI
CLOSING PROVISIONS
Article 14
This Financial Services Authority Regulation comes into force on the date of its enactment.
This extract is in accordance with the original Head of the Legal Development Directorate Legal Department signed.
Aat Windradi
In order that everyone may know it, order the enactment of this Financial Services Authority Regulation by placing it in the State Gazette of the Republic of Indonesia.
Established in Jakarta on 12 September 2025
CHAIRMAN OF THE COMMISSIONERS
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA, signed.
MAHENDRA SIREGAR
Enacted in Jakarta on 17 September 2025
MINISTER OF LAW
REPUBLIC OF INDONESIA, signed.
SUPRATMAN ANDI AGTAS
STATE GAZETTE OF THE REPUBLIC OF INDONESIA YEAR 2025 NUMBER 30/OJK
EXPLANATION
OF
FINANCIAL SERVICES AUTHORITY REGULATION
OF THE REPUBLIC OF INDONESIA
NUMBER 21 OF 2025
ON
LEVERAGE RATIO COMPLIANCE REQUIREMENTS FOR
SHARIA COMMERCIAL BANKS
I. GENERAL
Experience from various financial and economic crises provides lessons for creating a healthy Sharia banking system, including the condition of no excessive leverage, both exposure in the balance sheet report and exposure in administrative account transactions. In addition, Sharia banking needs to have the ability to grow and develop in a competitive and dynamic global environment, supported by strong capital in accordance with current international standards.
Although banks have strong minimum capital adequacy requirement ratios, the condition of excessive leverage has proven to cause losses to banks and the economy as a whole when there is a process of selling assets in large quantities that results in asset prices in the financial system decreasing further. Subsequently, the amount and quality of capital simultaneously decrease due to the amount of losses that must be borne by banks when liquidity conditions in the financial system decrease significantly. This condition causes the impact of large-scale credit contraction, which affects the decreasing ability of banks to support economic growth and increases overall credit risk. Therefore, a strong bank capital structure is required.
As one of the efforts to mitigate these impacts, an additional ratio in the form of Leverage Ratio is introduced, which is used to complement the risk-based capital framework ratio in the form of minimum capital adequacy requirements. In 2014, the Basel Committee on Banking Supervision (BCBS) issued Basel III: Leverage Ratio Framework and Disclosure Requirements (2014), which was subsequently updated through Basel III: Finalising Post Crisis Reforms in 2017. Subsequently, the Islamic Financial Services Board (IFSB) in 2021 adapted the Basel III framework by issuing IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services Excluding Islamic Insurance (Takāful) Institutions and Islamic Collective Investment Schemes, which was refined with IFSB-23: Revised Capital Adequacy Standards for Institutions offering Islamic Financial Services (Banking Segment), which applies to Sharia banks.
In line with the implementation of the Basel and IFSB frameworks, a roadmap for the development and strengthening of Sharia banking has been issued, including among others strengthening the structure and resilience of the Sharia banking industry and strengthening regulations, licensing, and supervision of Sharia banking. This strengthening can be realized, among others, through regulations on capital risk that meet international standards and best practices in Indonesia, namely the measurement of the Leverage Ratio. The Leverage Ratio aims to limit the condition of excessive leverage in the Sharia banking sector, so that the process of worsening asset sales that can endanger the entire financial system and economy can be avoided. The Leverage Ratio is a simpler measurement that is not risk-based, so it is expected to strengthen risk-based capital calculation requirements.
In relation to this, regulations regarding the Leverage Ratio compliance obligation for Sharia Commercial Banks are required.
II. ARTICLE BY ARTICLE
Article 1
Sufficiently clear.
Article 2
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sufficiently clear.
Paragraph (3)
Sufficiently clear.
Paragraph (4)
Conversion of foreign currency into Rupiah is carried out using the reference exchange rate issued by Bank Indonesia on the date of the Leverage Ratio compliance obligation report.
Paragraph (5)
Sufficiently clear.
Paragraph (6)
What is meant by "certain considerations" includes among others macroeconomic conditions, systemic impact of banks, and expansion of business activity complexity.
Article 3
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sharia insurance business activities have very different risk characteristics from BUS business activities, so Leverage Ratio calculation is not applied.
Article 4
Sufficiently clear.
Article 5
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sufficiently clear.
Paragraph (3)
Sufficiently clear.
Letter a
Sufficiently clear.
Letter b
Credit risk mitigation techniques include among others collateral, guarantees, guarantees, or credit insurance as regulated in the Financial Services Authority Circular regarding risk-weighted assets standard approach.
Letter c
Sufficiently clear.
Paragraph (5)
Examples of restricted investment products where risks are borne by investor customers include among others Sharia Restricted Investment Account (SRIA).
Paragraph (6)
Sufficiently clear.
Article 6
Sufficiently clear.
Article 7
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Letter a
The Leverage Ratio Total Exposure report is a report containing detailed Total Exposure calculations by comparing the Total Exposure value based on financial accounting standards with the Total Exposure value based on the calculation method as regulated in this Financial Services Authority Regulation.
Letter b
The Leverage Ratio calculation report is a report presenting quantitative information in the form of Leverage Ratio calculations and values.
Paragraph (3)
Sufficiently clear.
Paragraph (4)
Sufficiently clear.
Article 8
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sufficiently clear.
Paragraph (3)
Sufficiently clear.
Paragraph (4)
Letter a
For example, for the quarterly individual Leverage Ratio report as of the end of March 2026, the Sharia Commercial Bank (BUS) must submit it no later than April 7, 2026.
Letter b
For example, for the quarterly consolidated Leverage Ratio report as of the end of March 2026, the BUS must submit it no later than April 30, 2026.
Paragraph (5)
Clearly stated.
Paragraph (6)
Clearly stated.
Paragraph (7)
Clearly stated.
Paragraph (8)
Clearly stated.
Article 9
Clearly stated.
Article 10
Clearly stated.
Article 11
Paragraph (1)
The Action Plan contains improvement steps to be implemented by the BUS to improve the BUS's capital conditions and completion time targets, including:
a. conducting:
Paragraph (4)
Clearly stated.
Paragraph (5)
Clearly stated.
Paragraph (6)
Clearly stated.
Paragraph (7)
Clearly stated.
Article 12
Paragraph (1)
The implementation time targets for the Action Plan include the completion time targets for each stage of the Action Plan as well as overall completion.
Paragraph (2)
The Action Plan implementation report submitted by the BUS includes explanations regarding the implementation of the Action Plan, accompanied by proof of implementation and/or supporting documents. Paragraph (3) Clearly stated. Paragraph (4) Clearly stated. Paragraph (5) Clearly stated.
Article 13
Clearly stated.
Article 14
Clearly stated.
SUPPLEMENT TO THE STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 160/OJK
APPENDIX I
FINANCIAL SERVICES AUTHORITY REGULATION
REPUBLIC OF INDONESIA
NUMBER 21 YEAR 2025
CONCERNING
LEVERAGE RATIO COMPLIANCE REQUIREMENTS FOR SHARIA COMMERCIAL BANKS
LEVERAGE RATIO CALCULATION PROCEDURE FOR SHARIA COMMERCIAL BANKS
I. LEVERAGE RATIO CALCULATION
II. CALCULATION OF TOTAL EXPOSURE IN THE LEVERAGE RATIO
A. General
e. Leasing Financing Exposure (Ijarah, IMBT)
= [{Asset Acquisition Cost – Amortization (if any)} + Accrued Profit/Rent to be Received] – Ijarah Asset CKPN + Rent Receivable – CKPN f. Multi-Service Receivable Exposure = Total Multi-Service Receivables - Deferred Multi-Service Income + (Accrued Profit - Multi-Service Receivables) – CKPN g. Salam Exposure = Total Salam h. Istishna Assets in Progress Exposure = Total Istishna Assets in Progress
i. Istishna Terminology = Total Istishna Terminology
j. Inventory = Total Inventory
3. Asset exposure originating from investment-linked products where the risk is borne by investor customers may be excluded from the Leverage Ratio calculation.
4. Regular Purchase or Sale of Islamic Financial Assets
Accounting treatment for the regular purchase or sale of Islamic financial assets that has not yet been settled may use trade date accounting or settlement date accounting.
Regular purchase or sale refers to the purchase or sale of Islamic financial assets based on contracts requiring delivery of assets within a timeframe generally established by regulations or market customs. a. Trade Date Accounting For Leverage Ratio calculation purposes, BUSs using trade date accounting for the purchase and sale of Islamic financial assets must eliminate the difference (if any) between cash receivables from unsettled sales and cash payables from unsettled purchases, which have been recognized based on applicable financial accounting standards. BUSs may net cash receivables with cash payables, regardless of the applicable financial accounting standards' treatment of such netting, provided that:
D. Securities Financing Transaction (SFT) Exposure SFT at the BUS is a reverse repo transaction (where this transaction is only with Bank Indonesia). The value of SFT transactions generally depends on market prices and has margin agreements. Exposure calculation will differ if the BUS conducts SFT for its own benefit versus the BUS acting as an intermediary or agent.
the gross book value calculation of SFT assets without recognizing netting based on applicable financial accounting standards.
Example: netting between cash receivables and cash liabilities; and
measurement of credit risk due to counterparty failure (counterparty credit risk) considered as current exposure, hereinafter referred to as current exposure, without calculating the add-on factor of PFE.
In SFT transactions, there is treatment for sale accounting transactions. If SFT transactions are treated as sales transactions causing the transfer of ownership of the underlying securities, then for Leverage Ratio calculation, the BUS must reverse the journal entry for the said sales transaction and calculate the SFT transaction exposure as referred to in these regulations. b. Gross Book Value Calculation of SFT Assets Example of gross book value calculation of SFT assets:
Sharia securities assets in the form of reverse repo receivables for Sharia reverse repo transactions as referred to in item a.1) are adjusted as follows:
excluding the value of Sharia securities received in SFT transactions only if the Sharia securities have been recorded as assets in the BUS's financial position report.
Example:
BUS receives assets recorded in the BUS's financial position report and has the right to re-pledge, but the BUS has not yet done so;
Current Exposure Calculation
The current exposure calculation as referred to in item 2.a) is calculated based on the positive difference between the value of Sharia financial instruments delivered by the Sharia Commercial Bank (BUS) and the value of Sharia financial instruments received by the BUS (E*).
Current Exposure Calculation in the Event the BUS Does Not Have an MNA.
The positive difference between the value of Sharia financial instruments delivered by the BUS and the value of Sharia financial instruments received by the BUS (E*) is calculated using the formula:
Ei* = max {0, [Ei - Ci]}
Explanation:
Ei* : Positive difference between the fair value of financial instruments delivered by the BUS and the fair value of Sharia financial instruments received by the BUS from counterparty i. Ei : Fair value of financial instruments delivered by the BUS to counterparty i. For reverse repo transactions, this is the net book value of reverse repo receivables. Ci : Fair value of financial instruments received by the BUS from counterparty i, where for reverse repo transactions, this is the fair value of Sharia collateral securities underlying the reverse repo transaction.
Explanation:
E* : Positive difference between the fair value of Sharia financial instruments delivered by the BUS and the fair value of Sharia financial instruments received by the BUS from counterparty i. ∑Ei : Total fair value of Sharia financial instruments delivered by the BUS to counterparty i. ∑Ci : Total fair value of Sharia financial instruments received by the BUS from counterparty i.
The MNA must meet the following requirements:
a) in accordance with laws and regulations in force in the jurisdiction where the BUS and the counterparty are located, and can be applied at the time of default, bankruptcy, and/or inability to meet obligations (insolvency);
This copy is consistent with the original
Head of Legal Development Directorate
Legal Department signed.
Aat Windradi
b) the party not in default has the right to terminate or close out all transactions upon the occurrence of default, bankruptcy, and/or inability to meet obligations (insolvency) of the transaction counterparty; c) netting is not only performed based on the initial transaction value but also against transaction profits and losses, including the value of collateral at the time of transaction cancellation or termination. Netting results in only one legal obligation for either the BUS or the transaction counterparty; and d) in the event of default, bankruptcy, and/or inability to meet obligations (insolvency), the liquidation and netting process of collateral must be carried out immediately.
E. Administrative Account Transaction (TRA) Exposure
TRA exposure calculated in the Leverage Ratio includes all facilities provided, whether from committed facilities (including liquidity facilities) or uncommitted facilities. Uncommitted facilities include facilities that can be contractually cancelled by the BUS at any time without notice to the customer. Examples of TRA include guarantees in the form of Sharia guarantees (kafalah), acceptance, letter of credit (L/C), and standby letter of credit (SBLC) in trade transactions. In the event that TRA exposure must be treated as derivative transaction exposure, based on applicable financial accounting standards, such exposure is calculated as derivative exposure.
The calculation of TRA exposure is the result of multiplying the notional value of committed or contingent liabilities by the Credit Conversion Factor (CCF) minus the Current Credit Provision (CKPN), with the formula:
TRA Exposure = (notional value of committed or contingent liabilities x CCF) – CKPN
The total value of TRA exposure as referred to in the formula above cannot be less than 0 (zero).
CHAIRMAN OF THE COMMISSIONERS COUNCIL
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA, signed.
MAHENDRA SIREGAR
APPENDIX II
FINANCIAL SERVICES AUTHORITY REGULATION
REPUBLIC OF INDONESIA
NUMBER 21 OF 2025
CONCERNING
LEVERAGE RATIO COMPLIANCE REQUIREMENTS FOR SHARIA COMMERCIAL BANKS
FORMAT OF LEVERAGE RATIO COMPLIANCE REPORT
Part A
FORMAT OF TOTAL EXPOSURE REPORT
IN THE LEVERAGE RATIO FOR SHARIA COMMERCIAL BANKS Name of BUS: PT Bank…. (individual/consolidated) Report Position: Month (mm)/Year (yyyy) (in million Rupiah) No. Description Amount 1 Total assets in the balance sheet in public financial statements other than receivables, profit-sharing financing, lease financing, salam, istishna assets in progress, istishna installments, and inventory (gross value before deducting CKPN). 2 Total assets in the balance sheet in public financial statements consisting of receivables, profit-sharing financing, and lease financing (gross value before deducting CKPN) including margin/fees/rent to be received (if any). 3 Total assets in the balance sheet in public financial statements consisting of salam (gross value before deducting CKPN). 4 Total assets in the balance sheet in public financial statements consisting of istishna assets in progress and istishna installments (gross value before deducting CKPN). 5 Total assets in the balance sheet in public financial statements consisting of inventory (gross value before deducting CKPN). 6 Adjustments for the value of participation in Sharia Banks, Sharia financial institutions, Sharia insurance companies, and/or other entities that must be consolidated but are outside the consolidation scope. 7 Adjustments for the value of underlying Sharia financial asset pools that have been transferred in Sharia asset securitization that meets the requirements of true sale. 8 Adjustments for temporary exclusion of wadiah deposit placements at Bank Indonesia in order to meet minimum reserve requirements (if any). 9 Adjustments for fiduciary assets recognized as components of the balance sheet based on applicable financial accounting standards but excluded from the Leverage Ratio calculation for BUS. 10 Adjustments for the value of regular purchases or sales of Sharia financial assets using the trade date accounting method.
11 Adjustments for the value of cash pooling transactions that meet the requirements as regulated in this OJK Regulation.
12 Adjustments for the value of Sharia derivative transaction exposure.
13 Adjustments for the value of SFT exposure in the form of Sharia reverse repo transactions.
14 Adjustments for the value of TRA exposure that has been multiplied by the CCF.
15 Prudential valuation adjustments in the form of capital reduction factors and CKPN.
16 Other adjustments.
17 Total Exposure in the Leverage Ratio calculation.
Qualitative Analysis
Part B
INSTRUCTIONS FOR COMPLETING THE TOTAL EXPOSURE REPORT IN THE LEVERAGE RATIO FOR SHARIA COMMERCIAL BANKS The total exposure report in the Leverage Ratio is a summary comparison between the book value of assets based on applicable financial accounting standards and the total exposure in the Leverage Ratio based on the Leverage Ratio calculation procedures as regulated in this OJK Regulation. The purpose of the total exposure report in the Leverage Ratio is to present quantitative information and reconcile the total assets in the balance sheet in public financial statements with the total Leverage Ratio exposure. BUS publishes and details the sources of significant differences between the book value of assets in financial statements and the total Leverage Ratio exposure. No. Line Description 1 This line shows total assets in the balance sheet in public financial statements other than receivables, profit-sharing financing, and lease financing, salam, istishna in progress, and inventory. (This value must be the same as the value reported by the BUS in public financial statements as regulated in OJK Regulations regarding transparency and publication of bank reports). 2 This line shows total assets in the balance sheet (gross value before deducting CKPN) in the BUS's public financial statements consisting of:
a. Receivables:
4 This line shows total assets in the balance sheet in public financial statements consisting of istishna assets in progress and istishna installments. The Istishna asset balance is all costs incurred by the Reporting Bank in ordering goods with the istishna contract. Istishna installments are the principal portion of the Reporting BUS's receivable from the end customer buyer according to the completion percentage (this value must be the same as the value reported by the BUS in public financial statements as regulated in OJK Regulations regarding transparency and publication of bank reports). 5 This line shows total assets in the balance sheet in the BUS's public financial statements in the inventory position. The inventory position is all assets obtained for the purpose of resale, among others through murabahah, salam, and istishna contracts. (This value must be the same as the value reported by the BUS in public financial statements as regulated in OJK Regulations regarding transparency and publication of bank reports). 6 This line shows participation in Sharia banks, Sharia financial institutions, Sharia insurance companies, and/or other entities not included in the consolidation scope as regulated in OJK Regulations regarding the application of consolidated risk management for BUS that exercise control over Subsidiary Companies, must be calculated in the total Leverage Ratio exposure at the book value of such participation (not at the value of underlying assets and other exposures to the investee). In the event that such participation is a core capital reduction factor, such participation may reduce the total Leverage Ratio exposure. The reduction value is presented as a negative value because it is a reduction factor from the total Leverage Ratio exposure. 7 This line shows the reduction value in the Leverage Ratio exposure calculation, for underlying Sharia financial assets that have been transferred in Sharia asset securitization that meets the true sale requirements as regulated in OJK Regulations regarding prudential principles in asset securitization activities for commercial banks. The reduction value is presented as a negative value because it is a reduction factor from the total Leverage Ratio exposure. In the event that the underlying Sharia financial assets referred to have already been deducted from total assets in the balance sheet, the figure in this line is 0 (zero). 8 This line shows adjustments for temporary exclusion of wadiah deposit placements at Bank Indonesia in order to meet minimum reserve requirements (if any). This adjustment will reduce the total exposure value in the Leverage Ratio calculation, so it is presented as a negative value. 9 This line shows the reduction in asset value for fiduciary assets recognized as assets based on applicable financial accounting standards and meeting derecognition requirements. The reduction value is presented as a negative value because it is a reduction factor from the total
Leverage Ratio exposure.
10 This line shows adjustments for the value of regular purchases or sales of Sharia financial assets using the trade date accounting method. Such adjustments are:
a. The BUS issues the difference (if any) between cash receivables from unsettled sales and cash payables from unsettled purchases, which have been recognized based on applicable financial accounting standards; and b. The BUS performs netting between cash receivables and cash payables, regardless of the applicable financial accounting standards treatment for such netting, as long as the netting meets the requirements as regulated in the Appendix to this OJK Regulation. Adjustments that result in an increase in total exposure are reported as positive values. Adjustments that result in a decrease in total exposure are reported as negative values. 11 This line shows adjustments for cash pooling transactions that meet the requirements. This adjustment is a comparison between the book value of cash pooling transactions in the balance sheet and the treatment of cash pooling transactions as regulated in the Appendix to this OJK Regulation. Adjustments that result in an increase in total exposure are reported as positive values. Adjustments that result in a decrease in total exposure are reported as negative values. 12 This line shows adjustments for derivative transaction exposure as a comparison between the book value of derivative transactions and the calculation of derivative transaction exposure as regulated in the Appendix to this OJK Regulation referring to the OJK Circular Letter regarding guidelines for calculating risk-weighted assets for credit risk using the standard approach for Sharia commercial banks. Adjustments that result in an increase in total exposure are reported as positive values. Adjustments that result in a decrease in total exposure are reported as negative values. 13 This line shows adjustments for the value of SFT exposure as a comparison between the book value of SFT as assets and the result of SFT exposure calculation based on the calculation procedures in the Appendix to this OJK Regulation. In the event that adjustments result in an increase in total exposure, they are reported as positive values. Adjustments that result in a decrease in total exposure are reported as negative values. 14 This line shows the result of multiplying the TRA value by the CCF as regulated in the Appendix to this OJK Regulation referring to the OJK Circular Letter regarding guidelines for calculating risk-weighted assets for credit risk using the standard approach for Sharia commercial banks. The result of this multiplication is an increase in Leverage Ratio exposure, so it is reported as a positive value. 15 This line shows prudential valuation adjustments in the form of capital reduction factors and CKPN. CKPN in this line does not include CKPN calculated in SFT transaction exposure. This adjustment is reported as a negative value. 16 This line shows other adjustments (if any). Adjustments that result in an increase in total exposure are reported as
positive values. Adjustments that result in a decrease in total exposure are reported as negative values.
17 This line shows the total Leverage Ratio exposure which is the sum of lines 1 to 16. (The value in this line must be the same as the value in line 23 of the Leverage Ratio Calculation Report).
Part C
FORMAT OF LEVERAGE RATIO CALCULATION REPORT
Name of BUS: PT Bank…. (individual/consolidated) Report Position: Month (mm) / Year (yyyy) (in million Rupiah) No. Description Period T Period T-1 Asset Exposure in Balance Sheet 1 Asset exposure in the balance sheet including collateral assets, but excluding derivative transaction exposure and SFT exposure (gross value before deducting CKPN) 2 Value of add-back for derivative collateral delivered to counterparties that results in a decrease in total asset exposure in the balance sheet due to the application of applicable financial accounting standards 3 (Adjustment for the value of assets financed by linked investment products in the total asset exposure calculation) 4 (Reduction for receivables related to CVM provided in derivative transactions) 5 (Adjustment for the book value of Sharia securities received in SFT exposure recognized as assets) 6 (CKPN for such assets according to applicable financial accounting standards) 7 (Assets that have been calculated as a reduction factor for Core Capital according to relevant POJK) 8 Total Asset Exposure in the balance sheet (Sum of lines 1 to 7) Derivative Transaction Exposure 9 RC Value for all derivative transactions, whether there is variation margin that meets requirements or there is a netting agreement that meets certain requirements. 10 Add-back value which is PFE for all derivative transactions. 11 (Exemption for derivative transaction exposure settled through CCP) N/A N/A 12 Total Derivative Transaction Exposure (Sum of lines 9 to 11) Securities Financing Transactions (SFT) Exposure 13 Gross book value of SFT assets 14 (Net value between cash liabilities and cash receivables) N/A N/A 15 Credit risk due to counterparty failure related to SFT assets 16 SFT agent exposure N/A N/A
17 Total SFT Exposure (Sum of lines 13 to 16)
Administrative Account Transaction (TRA) Exposure 18 Value of all committed or contingent liabilities (gross value before deducting CKPN) 19 (Adjustment for the result of multiplying the value of committed/contingent liabilities by CCF then deducting CKPN) 20 (CKPN for TRA according to applicable financial accounting standards) 21 Total TRA Exposure (Sum of lines 18 to 20) Capital and Total Exposure 22 Core Capital 23 Total Exposure (Sum of line 8, line 12, line 17, and line 21) Leverage Ratio 24 Leverage Ratio Value, including the impact of adjustments for temporary exclusion of wadiah deposit placements at BI 24a Leverage Ratio Value, excluding the impact of temporary exclusion of wadiah deposit placements at BI 25 Minimum Leverage Ratio Value 3% 3% 26 Buffer against Leverage Ratio Value N/A N/A Average Value Disclosure 27 Average value of gross book value of SFT assets after adjustments for sale accounting transactions calculated net with cash liabilities in SFT and cash receivables in SFT 28 Quarter-end report final value of gross book value of SFT assets 29 Total Exposure, including the impact of temporary exclusion of wadiah deposit placements at BI 29a Total Exposure, excluding the impact of temporary exclusion of wadiah deposit placements at BI 30 Leverage Ratio Value, including the impact of temporary exclusion of wadiah deposit placements at BI 30a Leverage Ratio Value, excluding the impact of temporary exclusion of wadiah deposit placements at BI Qualitative Analysis
Part D
INSTRUCTIONS FOR COMPLETING THE LEVERAGE RATIO CALCULATION REPORT The Leverage Ratio calculation report is a detailed information regarding components in the Leverage Ratio and provides a comparison of the Leverage Ratio at the reporting date with the minimum Leverage Ratio percentage required. The Bank explains the main factors that have a material impact on the Leverage Ratio at the end of the current reporting quarter compared to the end of the previous reporting quarter. The Bank explains the main factors causing significant differences between the SFT value calculated in the Total Exposure Report in the Leverage Ratio and the average SFT value reported in line 28 of the Leverage Ratio Calculation Report. Line No. Description 1 This line shows all asset values in the balance sheet in the total exposure calculation including derivative transaction collateral recorded in the balance sheet and SFT collateral, with the exception of the aforementioned assets which are the scope of lines 8 to 18. Derivative transaction collateral and SFT collateral refer to collateral received or collateral delivered, which are recorded as assets in the balance sheet. 2 This line shows the add-back (gross up) amount equal to the decrease in asset exposure in the balance sheet in the event that collateral delivered to the transaction counterparty results in a decrease in total asset exposure in the balance sheet, due to the application of applicable financial accounting standards. 3 This line shows the adjustment value of asset exposure originating from assets financed by linked investment products. 4 This line shows the reduction for receivables related to CVM provided in derivative transactions. 5 This line shows adjustments for securities received in SFT and the BUS recognizes such securities recorded as assets in the balance sheet. This adjustment will reduce total exposure, so it is reported as a negative value. 6 This line shows CKPN for assets according to applicable financial accounting standards. Adjustments in this line will reduce exposure, so it is reported as a negative value. 7 This line shows all asset values that have been calculated as a reduction factor for Core Capital as referred to in OJK Regulations regarding minimum capital adequacy requirements for Sharia commercial banks. Adjustments in this line will reduce exposure, so it is reported as a negative value. 8 This line is the sum of lines 1 to 7. 9 This line shows the RC value for all derivative transactions, whether there is CVM that meets requirements or there is a netting agreement that meets requirements
10 This line shows the add-back value which is PFE for all derivative transactions.
11 This line shows the exemption for derivative transaction exposure settled through CCP.
12 This line shows the total derivative transaction exposure.
13 This line shows the gross book value of SFT assets.
14 This line shows the net value between cash liabilities and cash receivables.
15 This line shows the credit risk due to counterparty failure related to SFT assets.
16 This line shows the SFT agent exposure.
17 This line shows the total SFT exposure.
18 This line shows the value of all committed or contingent liabilities.
19 This line shows the adjustment for the result of multiplying the value of committed/contingent liabilities by CCF then deducting CKPN.
20 This line shows the CKPN for TRA according to applicable financial accounting standards.
21 This line shows the total TRA exposure.
22 This line shows the Core Capital.
23 This line shows the total exposure.
24 This line shows the Leverage Ratio value, including the impact of adjustments for temporary exclusion of wadiah deposit placements at BI.
24a This line shows the Leverage Ratio value, excluding the impact of temporary exclusion of wadiah deposit placements at BI.
25 This line shows the minimum Leverage Ratio value.
26 This line shows the buffer against the Leverage Ratio value.
27 This line shows the average value of gross book value of SFT assets after adjustments for sale accounting transactions calculated net with cash liabilities in SFT and cash receivables in SFT. 28 This line shows the quarter-end report final value of gross book value of SFT assets. 29 This line shows the total exposure, including the impact of temporary exclusion of wadiah deposit placements at BI. 29a This line shows the total exposure, excluding the impact of temporary exclusion of wadiah deposit placements at BI. 30 This line shows the Leverage Ratio value, including the impact of temporary exclusion of wadiah deposit placements at BI. 30a This line shows the Leverage Ratio value, excluding the impact of temporary exclusion of wadiah deposit placements at BI. Qualitative Analysis
specific items as regulated in Appendix I of this Financial Services Authority Regulation. The value reported in this row is after being multiplied by 1.4 (one point four).
10 This row shows the addition value which is the PFE for all derivative transactions. This value refers to the Financial Services Authority Circular regarding guidelines for calculating risk-weighted assets for credit risk using the standard approach for Sharia commercial banks. The value reported in this row is after being multiplied by 1.4 (one point four).
11 This row is an exclusion for derivative transaction exposures settled through a Central Counterparty (CCP).
12 This row is the sum of row 9 through row 11.
13 This row shows the gross recorded value of SFT assets without recognizing the netting process.
14 This row shows the treatment of cash liabilities in SFT and cash receivables in SFT with the same counterparty which can be calculated on a net basis. This adjustment will reduce total exposure, so it is reported as a negative value.
15 This row shows the credit risk value due to counterparty failure related to SFT assets referring to the current exposure calculation as regulated in the Appendix of this Financial Services Authority Regulation.
16 This row shows the exposure value when the Sharia Commercial Bank acts as an SFT agent providing guarantees.
17 This row is the sum of row 13 through row 16.
18 This row shows the value of all commitment obligations or contingent liabilities before adjustment with the FKK.
19 This row shows the deduction value for all commitment obligations or contingent liabilities caused by adjustment with the FKK. This adjustment will reduce total exposure so it is reported as a negative value.
20 This row shows the CKPN on TRA according to applicable financial accounting standards. Adjustments in this row will reduce exposure so it is reported as a negative value.
21 This row is the sum of row 18 through row 20.
22 This row shows the Core Capital value as referred to in this Financial Services Authority Regulation.
23 This row is the sum of row 8, row 12, row 17, and row 21. This value must be the same as the value in row 17 of the Total Exposure Report in the Leverage Ratio.
24 This row shows the Leverage Ratio value which is the comparison between Core Capital and the sum of total exposure considering the temporary exclusion of wadiah deposit placements at the Bank of Indonesia in order to meet minimum reserve requirements (if any). This row is reported in percentage form.
24a This row shows the Leverage Ratio value calculation which is the comparison between Core Capital and the sum of Total Exposure without considering the temporary exclusion of wadiah deposit placements at the Bank of Indonesia in order to meet minimum reserve requirements (if any). This row
is reported in percentage form. In the event that there are no adjustments to the temporary exclusion of wadiah deposit placements at the Bank of Indonesia in order to meet minimum reserve requirements, the value in this row will be the same as the value in row 24.
25 This row shows the minimum Leverage Ratio value which has been set at 3% (three percent).
26 This row shows the total buffer against the Leverage Ratio value, to include the Leverage Ratio buffer for G-SIB and other buffers.
27 This row shows the average value of the sum of values in row 13 and row 14. Based on the sum of daily values from the quarterly reporting period.
28 This row shows that in the event that the values in row 13 and row 14 are based on end-of-quarter position values, the value in row 28 is filled with the sum of values in row 13 and row 14. In the event that the values in row 13 and row 14 are based on average values, the value in row 28 is filled with the sum of end-of-quarter position values from row 13 and row 14.
29 This row shows Total Exposure, including the impact of adjustments to the temporary exclusion of wadiah deposit placements at the Bank of Indonesia in order to meet minimum reserve requirements (if any), using the daily average value of the gross recorded value of SFT assets during the quarterly reporting period, after adjustment for sale accounting transactions calculated on a net basis with cash liabilities in SFT and cash receivables in SFT.
29a This row shows Total Exposure, excluding the impact of adjustments to the temporary exclusion of wadiah deposit placements at the Bank of Indonesia in order to meet minimum reserve requirements (if any), using the daily average value of the gross recorded value of SFT assets during the quarterly reporting period, after adjustment for sale accounting transactions calculated on a net basis with cash liabilities in SFT and cash receivables in SFT. In the event that there are no adjustments to the temporary exclusion of wadiah deposit placements at the Bank of Indonesia in order to meet minimum reserve requirements, the value in this row will be the same as the value in row 29.
30 This row shows the comparison between Core Capital and the sum of Total Exposure, including the impact of adjustments to the temporary exclusion of wadiah deposit placements at the Bank of Indonesia in order to meet minimum reserve requirements (if any), using the daily average value of the gross recorded value of SFT assets during the quarterly reporting period, after adjustment for sale accounting transactions calculated on a net basis with cash liabilities in SFT and cash receivables in SFT.
30a This row shows the comparison between Core Capital and the sum of Total Exposure, excluding the impact of adjustments to the temporary exclusion of wadiah deposit placements at the Bank of Indonesia in order to meet minimum reserve requirements (if any), using
the daily average value of the gross recorded value of SFT assets during the quarterly reporting period, after adjustment for sale accounting transactions calculated on a net basis with cash liabilities in SFT and cash receivables in SFT. In the event that there are no adjustments to the temporary exclusion of wadiah deposit placements at the Bank of Indonesia in order to meet minimum reserve requirements, the value in this row will be the same as the value in row 30.
Part E
EXAMPLE OF FILLING OUT THE TOTAL EXPOSURE REPORT IN THE LEVERAGE RATIO AND LEVERAGE RATIO CALCULATION REPORT Bank A has the following publication financial statements:
Sharia Commercial Bank Name: Bank A
Reporting Position: 03/2026
(In millions of rupiah)
| Assets | Liabilities and Equity |
|---|---|
| Cash 1,000 | Wadiah Deposits Based on Sharia Principles 1,555 Spot and Forward Receivables 500 |
| c. Multi-service Receivables 220 | Deferred Income-Multi-service (20) |
| d. Qardh 100 | e. Lease Receivables 100 |
| a. Mudharabah 500 | |
| --- | |
| b. Musyarakah 1,500 | |
| c. Others 0 | |
| Lease Financing 550 | |
| Amortization -/- (45) | |
| CKPN Ijarah Assets (5) | |
| Capital Participation 1) 1,000 | |
| Other Financial Assets 65 | a. remuneration to be received-Murabahah 20 |
| c. remuneration to be received-Qardh 1 | |
| d. remuneration to be received-Multi-service Receivables 2 |
e. remuneration to be received-Lease Receivables 1 | f. remuneration to be received-Profit-Sharing Financing 20 | g. Other Financial Assets Others 20 | Reserve for financial asset impairment losses -/- (185) | a. Securities held (50) | b. Murabahah Receivables (60) |
c. Istishna' Receivables (3) |
d. Qardh Receivables (3) | e. Lease Receivables (3) | f. Multi-service Receivables (6) | g. Profit-Sharing Financing-Mudharabah (15) | h. Profit-Sharing Financing-Musyarakah (45) |
i. Other Profit-Sharing Financing - MMQ etc. 0 |
Salam 10 |
Istishna' Assets in Progress 20 |
Termin Istishna' -/- (10) |
Inventory 100 |
Fixed Assets and Inventories 3,500 |
Total 12,900 | Total 12,900
Notes:
A. Total Exposure Calculation
The RC and PFE values are assumptions of calculation results as regulated in the Appendix of this Financial Services Authority Regulation.
SFT Exposure for reverse repo transactions…4)
= Gross SFT + Current Exposure
= (700) + max {0, [700 - 5 - 1000]}
= 700 + 0
= 700
TRA Exposure ……………………………………… 5)
= (Nominal value of commitment obligations x FKK) - CKPN = (1,500 x 10%) - 0 = 150
Total Exposure
= (1) + (2) + (3) + (4)
= 10,200 + 728 + 700 + 150
= 11,778
B. Filling Out the Total Exposure Report in the Leverage Ratio
| No | Description | Amount | Explanation |
|---|---|---|---|
| 1 | Total assets in the financial position report in publication financial statements other than receivables, profit-sharing financing, lease financing, salam, istishna' assets in progress, termin istishna, and inventory (gross value before deducting CKPN). | 6,920 | 2 |
excluded from the Leverage Ratio calculation for Sharia Commercial Banks.
10 | Adjustment for the value of regular purchase or sale of Sharia financial assets using the trade date accounting method. | - | 11 | Adjustment for the value of cash pooling transactions meeting requirements as regulated in this Financial Services Authority Regulation. | - | 12 | Adjustment for the value of Sharia derivative transaction exposure | 228 | = (2) – spot and forward receivables = 728 - 500 13 | Adjustment for the value of SFT exposure such as Sharia reverse repo transactions. | 0 | = (3) – (reverse repo receivables) = (700) – (700) 14 | Adjustment for the value of TRA exposure multiplied by FKK. | 150 | 15 | Prudential valuation adjustment in the form of capital reduction factors and CKPN. | (1,190) | Capital participation and CKPN of asset exposure in the financial position report. 16 | Other adjustments. | (500) | RPSIA in the form of SRIA 17 | Total Exposure in the Leverage Ratio calculation. | 11,778 |
Qualitative Analysis
C. Filling Out the Leverage Ratio Calculation Report
| No. | Description | Period T | T-1 |
|---|---|---|---|
| Asset Exposure in the Financial Position Report 1 | Asset exposure in the financial position report including collateral assets, but excluding derivative transaction exposure and SFT exposure (gross value before deducting CKPN) | 11,890 | 2 |
Derivative Transaction Exposure
9 | RC value for all derivative transactions whether there is variation margin meeting requirements or there is a netting agreement meeting requirements | 700 | 10 | Addition value which is PFE for all derivative transactions | 28 | 11 | (Exclusion for derivative transaction exposures settled through CCP) | N/A | N/A 12 | Total Derivative Transaction Exposure (Sum of row 9 through row 11) | 728 |
Securities Financing Transactions (SFT) Exposure 13 | Gross recorded value of SFT assets | 700 | 14 | (Net value between cash liabilities and cash receivables) | - | 15 | Credit risk due to counterparty failure related to SFT assets | 0 | 16 | Exposure as SFT agent | - | 17 | Total SFT Exposure (Sum of row 13 through row 16) | 700 |
Transaction Rekening Administratif (TRA) Exposure 18 | Value of all commitment obligations or contingent liabilities (gross value before deducting CKPN) | 1,500 | 19 | (Adjustment for the result of multiplying commitment/contingency obligation values by FKK then subtracting CKPN) | (1,350) | 20 | (CKPN on TRA according to applicable financial accounting standards) | 21 | 21 | Total TRA Exposure (Sum of row 18 through row 20) | 150 |
Capital and Total Exposure
22 | Core Capital | 1,800 |
23 | Total Exposure (Sum of row 8, row 12, row 17, and row 21) | 11,778 |
Leverage Ratio
24 | Leverage Ratio Value, including the impact of adjustments to the temporary exclusion of wadiah deposit placements at BI | 15,31% | 24a | Leverage Ratio Value, excluding the impact of temporary exclusion of wadiah deposit placements at BI | 15,31% | 25 | Minimum Leverage Ratio Value | 3% | 3% 26 | Buffer against Leverage Ratio Value | N/A | N/A
CHAIRMAN OF THE COMMISSIONERS COUNCIL
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA,
signed.
MAHENDRA SIREGAR
APPENDIX III
FINANCIAL SERVICES AUTHORITY REGULATION
REPUBLIC OF INDONESIA
NUMBER 21 OF 2025
CONCERNING
COMPLIANCE REQUIREMENTS FOR THE
LEVERAGE RATIO FOR SHARIA COMMERCIAL BANKS
ACTION PLAN FORMAT
Part A
INDIVIDUAL LEVERAGE RATIO COMPLIANCE ACTION PLAN REPORT
Sharia Commercial Bank Name: PT Bank …
Reporting Position: Month/Year
Individual Analysis
(Contains an explanation of the action plan carried out by the Sharia Commercial Bank in the event that the Sharia Commercial Bank's Leverage Ratio is below the minimum compliance).
This copy is in accordance with the original.
Head of Legal Development Directorate
Legal Department signed.
Aat Windradi
Part B
CONSOLIDATED LEVERAGE RATIO COMPLIANCE ACTION PLAN REPORT
Sharia Commercial Bank Name: PT Bank …
Reporting Position: Month/Year
Consolidated Analysis
(Contains an explanation of the action plan carried out by the Sharia Commercial Bank in the event that the Sharia Commercial Bank's consolidated Leverage Ratio is below the minimum compliance).
CHAIRMAN OF THE COMMISSIONERS COUNCIL
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA,
signed.
MAHENDRA SIREGAR
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Source: Otoritas Jasa Keuangan (Financial Services Authority) — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from OJK
OJK published 6 documents in the last 30 days. We email you each new one the day it's published.