Amendment to Bank Indonesia Circular Letter Number 3/13/DSM concerning Reporting of International Transaction by Banks

BANK INDONESIA
NO. 9/28/DSM Jakarta, November 30, 2007 CIRCULAR LETTER TO ALL COMMERCIAL BANKS IN INDONESIA Concerning: Amendment to Bank Indonesia Circular Letter Number 3/13/DSM dated June 13, 2001 concerning Reporting of International Transaction by Banks To enable a more effective monitoring on international transaction conducted through commercial banks, especially related to securities transactions in which its significant amount may cause negative impact on national economy, it is necessary to amend Bank Indonesia Circular Letter Number 3/13/DSM dated June 13, 2001 concerning Reporting of International Transaction by Banks as follows:

1. Provisions number IX shall be added so that it reads as follows:
   C. Addresses, telephone numbers, facsimile numbers, e-mail addresses of Bank Indonesia
   Head Office stated in Circular Letter Number 3/13/DSM dated June 13, 2001 shall be changed into:
   Bank Indonesia
   Directorate of Economic and Monetary Statistics c.q. Balance of Payments Statistics Division

• Address : Menara Sjafruddin Prawiranegara 16 th floor
  JL. M. H. Thamrin No.2
  Jakarta 10350
• Telephone : (021) 381-7410, 381-7411, and 381-8388
• Facsimile : (021) 350-1974
• E-mail : lldbank@bi.go.id

2. Provisions point III.A.2.c.1.2.(iii) in the Circular Letter Attachment of the manual book shall
   be amended so that it reads as follows:
   iii. If the customer…

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(iii) If the customer of Bank ‘A’ is NR and the customer of Bank ‘B’ is also NR, Bank ‘A” shall report the transaction according to specific rules point c.3.1 concerning transactions among NR, whereas Bank ‘B’ shall report according to specific rules. For non-resident transactions in securities affecting account ‘4A’ or ‘4B’, either Bank ‘A’ or Bank ‘B’ shall report according to general rules in which the transactions purpose of field ‘o’ shall be filled according to the type of traded securities .
3. Provisions point III.A.2.c.2. in the Circular Letter Attachment of the manual book shall be
amended so that it reads as follows:
c.2. Transactions affecting more than one account Transactions affecting more than one account are transactions reported in several records according to the affected AFLN/ KFLN account, with rules as follows:
c.2.1. If account ‘3C’ is affected, records affecting account ‘3C’ shall be filled according to general rules, whereas other records shall be filled according to specific rule in which field ‘o’ shall be filled with ‘xNNN’ dummy code. For non-resident securities transactions affecting account ‘3C’ and ‘4A’ or ‘3C’ and ‘4B’, the records in the affected accounts shall be reported according to general rules. In this case, for records affecting account ‘3C’, the transaction purpose of field ‘o’ shall be filled according to the type of traded securities. Whereas for records affecting account ‘4A’ or ‘4B’, the transaction purpose of field ‘o’ shall be filled with foreign currency trading. c.2.2. If account ‘3C’ is unaffected, but account ‘4A’ or ‘4B’ are affected, records with account ‘4A’ or ‘4B’ shall be filled according to general rule, whereas other records shall be filled according to specific rule in which field ‘o’ shall be filled with ‘xNNN’ dummy code. For non-resident securities transactions affecting account ‘4A’ and ‘4A’ or ‘4A’ and ‘4B’ or ‘4B’ and ‘4B”, the records in each account shall be reported according to general rules. In this case, for records having either debit or credit movement, the transaction purpose shall be filled according to the type of traded securities. c.2.3. If accounts ‘3C’, ‘4A’ or ‘4B’ are unaffected, one of the records shall be filled according to general rule, whereas other records shall be filled according to specific rule in which field ‘o’ shall be filled with ‘xNNN’ dummy code.
4. Attachment 4…

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4. Attachment 4 in the reporting manual of Circular Letter Attachment shall be amended as
attached.
Reporting requirements as stipulated in this Circular Letter shall come into force for the reporting period of March 2008 which shall be submitted on April 2008. The Circular Letter shall come into force on March 3, 2008. For informing the public, the Circular Letter shall be published in the State Gazette of the Republic of Indonesia. Kindly be informed. BANK INDONESIA TRIONO WIDODO DIRECTOR ECONOMIC AND MONETARY STATISTICS

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LIST OF TRANSACTION PURPOSE CODES Transaction Purpose Code Transaction Purpose Code A. GOODS TRANSACTIONS
01. Export/Import
01.1. Export
Including goods delivery outside Indonesia for trading purpose.
01.2. Import
Including goods delivery inside Indonesia for trading purpose.
01.3. Refunds
Including refunds upon returned export/import goods
01.4. Prepayment
Including prepayments for goods to be exported/ imported.
02. Bunkers & Stores
Including goods purchasing/selling for transportation activities such as fuels, logistics and supplies.
03. Other good transactions
Including goods trading inside Indonesia, in one country, or among countries outside Indonesia and other goods transaction out of export-import, bunkers & stores. B. SERVICE TRANSACTIONS
01. Good processing service
Including service related to goods processing, inside Indonesia or outside Indonesia X011 X012 X013 X014 X015 X099 X016
02. Good repair service
Including reparation of moving object such as ship, airplane, drilling rig, and other of one kind, inside Indonesia or outside Indonesia
03. Transportation service
03.1.Passenger
03.2.Goods Carriage a. go out from Indonesia b. come in to Indonesia
c. others
03.3.Other transportation service Including facilities maintenance service, warehouse service, harbor or airport, including its supporting facilities.
04. Travel
Including all travel expenses for:
business purpose, such as trade promotion and exhibition; private purpose, such as recreation, sport and health. Not included expenses for transportation service from/to Indonesia
05. Education
Including all expenses for education/ training, such as school, seminar, workshop, and other of one kind. X017 X021 X022 X023 X024 X025 X030 X040

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LIST OF TRANSACTION PURPOSE CODES Transaction Purpose Code Transaction Purpose Code
06. Postage and communication
service
Including mail delivery service, package delivery service, courier service, telecommunication service such as international dialing also other postage and communication services.
07. Construction service
Including construction services of houses, buildings, factories, streets, harbor, and other carried out:
07.1. Outside Indonesia
07.2. In Indonesia
08. Insurance service
Including services from all insurance/reinsurance activities including claim and premium receipt/ payment
09. Financial service
Including fees, brokerage commissions and other financial services given by banks of mom￾bank financial institutions, such as fees and commissions for securities brokerage service, placements of issues, underwritings, redemption, custodian service, asset management, lines of credits, also fees and commissions from L/C. X050 X061 X062 X070 X080
10. Computer and information service
Including software creation and implementation, data processing, database & data storage development, consultancy, computer maintenance/ reparation and other related activities (not included computer hardware purchasing/selling), agency/subscriber service of newspapers, photographs, feature articles and other of one kind.
11. Royalty and license
Including fees upon trademark, franchise, patent, copy right, industrial process, and other of one kind.
12. Operational leasing also land and
building rental
12.1. Operational leasing
Including rental without buying option upon moving object such as ship, airplane and oil drilling equipment.
12.2. Land and building rental
Including rental of land, office space, apartment, house and other of one kind. X090 X100 X111 X112

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LIST OF TRANSACTION PURPOSE CODES Transaction Purpose Code Transaction Purpose Code
13. Technical service, professional
service and other business service.
13.1. Legal, accounting, auditing,
business and management service.
13.2. Service in mining, agriculture,
architecture, and other of one kind.
13.3. Research and development
service.
13.4. Administrative and operational
service
14. Account settlement (netting).
Including account settlement between branch offices with other branch office/head office of a company or between companies with other company.
15. Service in art, culture, and
recreation.
Including services related to movie production, radio program and television program, theater show and the use of its distribution right; sports and recreation activities; including fees for those activities.
16. Government services.
Including income of resident of foreign ambassador/ consulate/ attaché also the payment of Indonesian government to X121 X122 X123 X124 X129 X130 X140 Indonesian ambassador/ consulate/ attaché abroad.
17. Other service transactions
Including all transactions other than those mentioned above.
C. UNREQUITED TRANSFERS
01. Worker’s remittances
Including income of Indonesian Workers abroad transferred to Indonesia also income of foreign workers in Indonesia transferred outside Indonesia.
02. Taxes, sanctions/penalties
Including taxes, payments/receipts concerning social welfare, pensions, and sanctions/penalties.
03. Grants/prizes
Including grants/donations (among others for humanism and religious activity) also prize winning. D. INCOME/EXPENSE
01. Compensation of employees
Including salaries and wages paid to/received by the employees.
02. Investment income/expenses
Including dividend, profit, and interest of securities such as interest of bonds, notes, money market papers, also loan and saving interest. X199 X150 X161 X162 X163

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LIST OF TRANSACTION PURPOSE CODES Transaction Purpose Code Transaction Purpose Code
02.1. Dividend and profit
02.2. Interest:
a. securities issued by non￾resident b. saving
c. loan
d. securities issued by resident
02.3. Others
D. CAPITAL/FINANCIAL
01. Non-financial assets trading
Including selling/purchasing of patent, copy right, trademark, franchises, not included fees for the use of non-financial assets.
02. Fixed assets trading
Including selling/purchasing of land, building, and subsoil assets and other of one kind.
03. Direct investment
03.1. Capital participation
03.2. Divestation of capital
participation
04. Securities transaction
Including selling/purchasing of stocks and other securities such as bonds, commercial papers, certificate of deposits and promissory notes. X170 X181 X182 X183 X184 X189 X191 X192 X201 X202
04.1. Securities issued by non￾resident:
a. Stocks b. Other securities, with terms more than one year:

• Bonds
• Medium Term Notes
  (MTNs)
• Other long term
  securities
  c. Other securities, with
  terms up to one year:
• Treasury Bills
• Promissory Notes (PNs/
  Promes)
• Other short term
  securities
  04.2. Securities issued by resident:
  a. Equity stocks
• Stocks
• Other Equity stocks such
  as warrant and right b. Other securities, with terms more than one year:
• Government bonds of
  the Republic Indonesia for national banking recapitalization and Indonesia Retail Bonds (ORI)
• Corporate Bonds
  X311
  X321
  X322
  X323
  X331
  X332
  X333
  X341
  X342
  X351
  X352

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LIST OF TRANSACTION PURPOSE CODES Transaction Purpose Code Transaction Purpose Code

• Medium Term Notes
  (MTNs)
• Other long term
  securities.
  c. Other securities, with terms
  up to one year:
• Bank Indonesia
  Certificate (SBI) and bank Indonesia Wadiah Certificate (SWBI)
• Treasury Notes (SPN)
• Promissory Notes
  (PNs/Promes)
• Negotiable Certificate
  Deposit (NCD)
• Other short term
  securities.
  04.3. Mutual funds
  04.4. Exchange Traded funds

5. Debt transaction/loan
   05.1. Loan withdrawal with terms:
   a. up to one year b. more than one year
   05.2. Loan payment with terms:
   a. up to one year b. more than one year
   05.3. Financial leasing
   Including leasing based on rental with buying option. X353 X354 X361 X362 X363 X364 X365 X371 X372 X221 X222 X231 X232 X233
6. Savings inside Indonesia
   06.1. Saving Placement
   a. up to 3 months, including deposit account and call money b. more than 3 months to 6 months
   c. more than 6 months
   06.2. Saving Withdrawal
   a. up to 3 months, including deposit account and call money b. more than 3 months to 6 months
   c. more than 6 months
7. Savings outside Indonesia
   07.1. Saving Placement
   a. up to 3 months, including deposit account and call money b. more than 3 months
   07.2. Saving Withdrawal
   a. up to 3 months, including deposit account and call money b. more than 3 months X241 X242 X243 X245 X246 X247 X251 X252 X255 X256

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LIST OF TRANSACTION PURPOSE CODES Transaction Purpose Code Transaction Purpose Code
08. Foreign currency trading
Including spot and forward transaction settlement
08.1. Spot transaction:
a. foreign currency to rupiah b. among foreign currencies
08.2. Forward transaction:
a. foreign currency to rupiah b. among foreign currencies X261 X262 X263 X264
09. Derivative transaction
Including receipt/payment of premium, margin and other one kind concerning derivative transactions.
10. Other capital/financial transaction
Including all capital/financial transactions other than mentioned above. X270 X299