Circular Letter No. 9/2/DPM Commercial Bank Daily Report and appendix

Unofficial Translation
No. 9/2/DPM Jakarta, March 5, 2007

CIRCULAR LETTER
Subject : Commercial Bank Daily Report

-------------------------------------- Following the enactment of Bank Indonesia Regulation Number 9/2/PBI/2007 dated March 5, 2007 concerning Commercial Bank Daily Report (State Gazette of the Republic of Indonesia Number 40 of 2007, Supplement to the State Gazette of the Republic of Indonesia Number 4706), it is deemed necessary to stipulate its implementation provisions in a Bank Indonesia Circular Letter as follows.
I. GENERAL PROVISIONS
To enhance effectiveness and efficiency of the management of Commercial Bank Daily Report system in order to generate more complete, comprehensive, and high quality information, it is necessary to expand the scope of information contents to be reported and to improve system and procedures of Commercial Bank Daily Report. In relation to the expansion of scope of information contents, it is necessary to improve the Guidelines for Commercial Bank Daily Report (LHBU) Preparation (hereinafter referred to as the Guidelines) as contained in Appendix 1 and the Manual for LHBU Application as contained in Appendix 2 constituting a unity and inseparable parts from this Circular Letter.
II. REPORTING BANKS
Reporting Banks comprise :

1. Head offices of Banks legally incorporated under Indonesian laws,
   namely :
   a. head …

a. head offices of Banks conducting business on conventional basis; b. head offices of Banks conducting business under sharia principles;
2. Foreign bank branch offices; and
3. Sharia Division.
III. SCOPE OF LHBU DATA
Types of data which have to be reported by Reporting Banks to Bank Indonesia comprise transactional and non-transactional data as follows. A. Transactional Data
1. Interbank Money Market (PUAB), comprising data of :
a. Rupiah PUAB - Morning Session; b. Rupiah PUAB - Afternoon Session;
c. Foreign Exchange PUAB; and
d. Overseas PUAB.
2. Sharia Interbank Money Market (PUAS).
3. Foreign Exchange Transactions, comprising data of :
a. tod/tom/spot transactions; b. derivative transactions in the form of forward, swap, option; and
c. other derivative transactions other than the abovementioned
letter b.
4. Money Market Securities Trade in Secondary Markets, including
but not limited to Bank Indonesia Certificate, Certificate of Deposit, and Commercial Paper transactions. B. Non-transactional Data
1. End-day Position of Non-investment Foreign Currency Selling
Derivative Transactions with Foreign Parties.
2. End-day Position of Non-investment Foreign Currency Buying
Derivative Transactions with Foreign Parties.
3. Position of Derivative Transaction Recapitulation.
4. Net …

4. Net Open Position (NOP) for end-day position, comprising :
a. consolidated data covering domestic Reporting Bank offices; and b. consolidated data covering domestic and overseas Reporting Bank offices. Reporting Banks as referred to in letter b which do not have any overseas office shall be required to continue to submit form headers.
5. Selected Balance Sheet Items, comprising :
a. data of selected items of consolidated balance sheets of domestic Reporting Bank offices; and b. data of selected items of consolidated balance sheets of domestic and overseas Reporting Bank offices. Reporting Banks as referred to in letter b which do not have any overseas office shall be required to continue to submit form headers.
6. Cash Flow Projection, comprising :
a. Rupiah cash flow projection; and b. foreign currency cash flow projection.
7. Rupiah and Foreign Currency (USD) Quotation Interest Rates.
8. Rupiah and Foreign Currency (USD) Base Lending Rates.
9. Rupiah and Foreign Currency (USD) Lending Rates.
10. Rupiah and Foreign Currency (USD) Time Deposit Rates, Rupiah
and Foreign Currency (USD) Certificate of Deposit Discount Rates, and Rupiah Savings Deposit Rates.
11. Sharia Bank Mudharabah Deposit Rates.
IV. TYPES OF REPORT
A. Types of LHBU Forms
1. LHBU …

1. LHBU transactional data shall be submitted using types of forms:
a. Form 101 (PUAB); b. Form 102 (PUAS);
c. Form 201 (Tod/Tom/Spot Transactions);
d. Form 202 (Forward/Swap/Option Transactions); e. Form 203 (Other Derivative Transactions); and f. Form 301 (Money Market Securities in Secondary Markets) referring to the Guidelines (Appendix 1).
2. LHBU non-transactional data shall be submitted using types of
forms :
a. Form 204 (End-day Position of Non-investment Foreign Currency Selling Derivative Transactions with Foreign Parties); b. Form 205 (End-day Position of Non-investment Foreign Currency Buying Derivative Transactions with Foreign Parties);
c. Form 206 (Derivative Transaction Recapitulation);
d. Form 401 (Consolidated Domestic Office NOP); e. Form 402 (Consolidated Domestic and Overseas Office NOP); f. Form 403 (Selected Items of Consolidated Domestic Office Balance Sheets); g. Form 404 (Selected Items of Consolidated Domestic and Overseas Office Balance Sheets); h. Form 405 (Report on Rupiah Cash Flow Projection);
i. Form 406 (Report on Foreign Currency Cash Flow Projection);
j. Form 501 (Quotation Interest Rate); k. Form 601 (Base Lending Rates);
l. Form 602 (Lending Rates);
m. Form 603 (Time Deposit Rates, Savings Deposit Rates, and Certificate of Deposit Discount Rates); and n. Form 604 (Sharia Bank Mudharabah Deposit Rates), as referred to in the Guidelines (Appendix 1). B. Types …

B. Types of LHBU Forms to be Submitted by Reporting Banks
1. Submission of types of LHBU forms for Bank head offices and
Foreign Bank Branch Offices conducting business on conventional basis is stipulated as follows. a. Banks with the status of foreign exchange Banks shall be required to submit form 101, form 102, form 201, form 202, form 203, form 204, form 205, form 206, form 301, form 401, form 402, form 403, form 404, form 405, form 406, form 501, form 601, form 602, and form 603. b. Banks with the status of non-foreign exchange Banks shall be required to submit form 101, form 102, form 301, form 403, form 405, form 501, form 601, form 602, and form 603.
2. Submission of types of LHBU forms for Bank head offices and
foreign bank branch offices conducting business based on sharia principles is stipulated as follows. a. Banks with the status of foreign exchange Banks shall be required to submit form 102, form 201, form 401, form 402, form 403, form 404, form 405, form 406, and form 604. b. Banks with the status of a non-foreign exchange Banks shall be required to submit form 102, form 403, form 405, and form 604.
3. Sharia Division shall be required to submit form 102, form 201, and
form 604.
V. SUBMISSION OF LHBU DATA AND LHBU CORRECTION
Submission of LHBU data and LHBU correction is stipulated as follows. A. Submission of data
1. Transactional Data
Reporting …

Reporting Banks shall be required to submit transactional data together with form headers every Working Day by On-Line and in real time or immediately after the transaction on the reporting day.
2. Non-transactional Data
Reporting Banks shall be required to submit non-transactional data including form headers every Working Day by On-Line as follows. a. End-day Position Data of Non-investment Foreign Currency Selling Derivative Transactions with Foreign Parties to be submitted are the data of the reporting date position. Example :
End-day Position Data of Non-investment Foreign Currency Selling Derivative Transactions with Foreign Parties on January 10, 2007 must be submitted by Reporting Banks and received by Bank Indonesia on the date (January 10, 2007) no later than
11.59 p.m. (western Indonesian time).
b. End-day Position Data of Non-investment Foreign Currency Buying Derivative Transactions with Foreign Parties to be submitted are the data of the reporting date position. Example :
End-day Position Data of Non-investment Foreign Currency Buying Derivative Transactions with Foreign Parties on January 10, 2007 must be submitted by Reporting Banks and received by Bank Indonesia on the date (January 10, 2007) no later than
11.59 p.m. (western Indonesian time).
c. NOP data which shall be submitted are the data of 2 (two)
previous working day position (H-2).
Example :
NOP data submitted on January 10, 2007 shall be the data of January 8, 2007. These data must be submitted by Reporting Banks …

Banks and received by Bank Indonesia no later than 11.59 p.m. (western Indonesian time). d. Data of Selected Balance Sheet Items which shall be submitted are the data of 2 (two) previous working day position (H-2). Example :
Data of Selected Balance Sheet Items submitted on January 10, 2007 shall be the data of January 8, 2007 position. These data must be submitted by Reporting Banks and received by Bank Indonesia no later than 11.59 p.m. (western Indonesian time). e. Data of Position of Derivative Transaction Recapitulation submitted are the data of 2 (two) previous working day position (H-2). Example :
Data of Position of Derivative Transaction Recapitulation submitted on January 10, 2007 shall be the data of January 8, 2007 position. These data must be submitted by Reporting Banks and received by Bank Indonesia no later than 11.59 p.m. (western Indonesian time). f. Data of Cash Flow Projection to be submitted shall include projection of revenue and expenditure in Rupiah and foreign currency in the items as stipulated in the Guidelines during 3 (three) following months and be grouped into 4 (four) periods as follows.
1) period I contains daily cash flow projection for 14
(fourteen) calendar days since the reporting date;
2) period II contains accumulated cash flow projection since
the 15 th (fifteenth) day up to the 21 st (twenty first) day;
3) period III contains accumulated cash flow projection since
the 22 nd (twenty second) day up to the 28 th (twenty eighth) day; and
4) period …

4) period IV contains accumulated cash flow projection for
the 2 nd (second) and the 3 rd (third) month since the 29 th (twenty ninth) day up to the 90 th (ninetieth) day. Foreign currency cash flow projection for other than the USD shall be converted into the USD in advance. Reporting on the converted foreign currency cash projection shall be totally consolidated with the cash flow in the USD. Example :
Data of Cash Flow Projection to be submitted on April 4, 2007 shall be the estimated revenues and expenditures for :
1) April 5, 2007 up to April 18, 2007;
2) April 19, 2007 up to April 25, 2007, accumulation of the
rd (third) week;
3) April 26, 2007 up to May 2, 2007, accumulation of the 4 th
(fourth) week; and
4) May 3, 2007 up to July 3, 2007, accumulation of the 2 nd
(second) and 3 rd (third) month.
The data of cash flow projection must be submitted by Reporting Banks and received by Bank Indonesia on April 4, 2007 no later than 11.59 p.m. (western Indonesian time). g. Data of Quotation Interest Rates in Rupiah and foreign currency (USD) must be submitted immediately on any quotation by Reporting Banks on the reporting date. h. Data of Base Lending Rates in Rupiah and foreign currency (USD), Lending Rates in Rupiah and foreign currency (USD), Deposit Rates on Time Deposits in Rupiah and foreign currency (USD), Certificate of Deposit Discount Rates in Rupiah and foreign currency (USD), Rupiah Savings Deposit Rates, and Sharia …

Sharia Bank Mudharabah Deposit Rates in Rupiah submitted are the data effective on the reporting date. Example :
Data of Lending Rates or Sharia Bank Mudharabah Deposit Rates of April 6, 2007 must be submitted by Reporting Banks and received by Bank Indonesia on April 6, 2007 no later than
5.00 p.m. (western Indonesian time).
B. LHBU Submission Procedures
Procedures of LHBU submission are stipulated as follows.

1. Prior to the submission Reporting Banks shall be required to
   conduct technical validation in accordance with specifications stipulated in the Guidelines and the User Manual for LHBU Application (Appendix 1 and Appendix 2).
2. Following the data submission, Reporting Banks shall be required
   to confirm that transactional data status with other Reporting Banks as counterparts have been matched, through LHBU presence report.
3. Reporting Banks shall be required to submit entire forms by report
   type and Bank status as referred to in point IV.B.
4. If a Reporting Bank does not hold any transactional data (no
   transaction) and/or does not hold any non-transactional data, the obligation to report LHBU shall continue to be in force by submitting form header with no data.
5. For non-transactional data as referred to in number 4, submission of
   form header with no data generally occurs only on :
   a. form 501, for Reporting Banks without interest rate quotation on the reporting date; b. form 402 and 404, for Reporting Banks without branch office overseas; and
   c. form …

c. form 206, for Reporting Banks without derivative transaction
position.
6. If a Reporting Bank conducts merger or consolidation with other
bank, each Reporting Bank participating merger or consolidation shall continue to submit LHBU data up to the final day prior to the effective date of merger or consolidation of respective Reporting Bank. Example :
If on June 15, 2007 Bank X conducts merger or consolidation with Bank Y, Bank X and Bank Y shall be required to submit their respective LHBU for the data of June 14, 2007 position.
7. If Reporting Banks report over-weekend Rupiah PUAB transactions
and/or Rupiah PUAB transactions with a term over the national holiday(s), the transactions shall continue to be treated as overnight Rupiah PUAB. Example :
A transaction conducted with transaction/value date on Friday, September 7, 2007, and settlement due on Monday, September 10, 2007, shall be treated as an overnight transaction. A transaction conducted with transaction/value date on Wednesday, May 16, 2007, and settlement due on Friday, May 18, 2007, shall be treated as an overnight transaction.
C. LHBU Submission Time Limit
LHBU submission time limit shall refer to time limit as contained in Bank Indonesia LHBU system, with stipulations as follows.
1. 7.00 a.m. up to 12.00 p.m. (western Indonesian time) for data of
Rupiah PUAB Morning Session;
2. After 12.00 p.m. up to 6.00 p.m. (western Indonesian time) for data
of Rupiah PUAB Afternoon Session;
3. 7.00 a.m. …

3. 7.00 a.m. up to 5.00 p.m. (western Indonesian time) for data of
Money Market Securities Trade in Secondary Markets, Quotation Interest Rates in Rupiah and foreign currency (USD), Base Lending Rates in Rupiah and foreign currency (USD), Lending Rates in Rupiah and foreign currency (USD), Time Deposit Rates in Rupiah and foreign currency (USD), Savings Deposit Rates in Rupiah, and Certificate of Deposit Discount Rates in Rupiah and foreign currency (USD), and Sharia Bank Mudharabah Deposit Rates in Rupiah.
4. 7.00 a.m. up to 6.00 p.m. (western Indonesian time) for data of
foreign exchange PUAB and PUAS;
5. 7.00 a.m. up to 11.59 p.m. (western Indonesian time) for data of
overseas PUAB, Foreign Exchange Transactions, NOP, Selected Balance Sheet Items, Cash Flow Projection, End-day Position of Non-Investment Foreign Currency Selling Derivative Transactions with Foreign Parties, End-day Position of Non-Investment Foreign Currency Buying Derivative Transactions with Foreign Parties, and Derivative Transaction Position Recapitulation. D. LHBU Correction Procedures and Time Limit LHBU correction procedures are stipulated as follows.
1. In the event of any error in data submitted referring to point III
letter A.1, letter A.2, letter A.4, letter B.4, letter B.5 letter B.6, letter B.7, letter B.8, letter B.9, letter B.10, and letter B.11, Reporting Banks shall be required to submit the data corrections immediately after the error is found within the submission time limit as referred to in letter C. Example :
In the event of any error in data of Rupiah PUAB Morning Session transaction submitted on March 6, 2007, the correction on the data concerned …

concerned must be submitted by Reporting Banks on March 6, 2007 no later than 12.00 p.m. (western Indonesian time).
2. In the event of any error in data submitted referring to point III
letter A.3, letter B.1, letter B.2, and letter B.3, Reporting Banks shall be required to submit correction on the data concerned since the date of reporting up to the following working day at 4.00 p.m. (western Indonesian time) at the latest. Example :
In the event of any error in data of foreign exchange transactions on June 6, 2007, the correction on the data concerned shall be submitted by Reporting Banks since June 6, 2007 up to June 7, 2007 no later than 4.00 p.m. (western Indonesian time). E. Technical Interference and Force Majeure

1. Reporting Banks encountering technical interference causing the
   Banks unable to submit LHBU data and/or correction by On-Line shall be required to inform by telephone immediately after encountering the interference prior to the report time limit and to confirm in writing on the same Working Day.
2. The written notification as referred to in number 1 shall be signed
   by authorized Officer and submitted to Bank Indonesia, c.q. Special Unit for Information Management (UKMI), Jl. M.H. Thamrin Number 2, Jakarta 10350.
3. Reporting Banks failing to submit any written notification as
   referred to in number 2 shall be considered not submitting LHBU by On-Line.
4. For Reporting Banks located outside the working area of Bank
   Indonesia Head Office (outside the Special Capital Territory of Jakarta, Banten Province [Lebak, Pandeglang, Tangerang, and Cilegon], Bekasi, Bogor, Karawang, and Depok), besides submitting …

submitting the notification as referred to in number 2, shall also be required to submit carbon copy of the notification to local Bank Indonesia Regional Office.
5. Reporting Banks failing to submit LHBU data and/or correction by
On-Line due to technical interference or other interference on communication system and/or network either in Reporting Banks or in Bank Indonesia shall be required to submit LHBU data and/or correction by Off-Line to :
a. Bank Indonesia, c.q. Special Unit for Information Management (UKMI), Jl. M.H. Thamrin Number 2, Jakarta 10350, for Reporting Banks located in the working area of Bank Indonesia Head Office (the Special Capital Territory of Jakarta, Banten Province [Lebak, Pandeglang, Tangerang, and Cilegon], Bekasi, Bogor, Karawang, and Depok); b. Bank Indonesia Regional Office, for Reporting Banks located outside the working area of Bank Indonesia Head Office as referred to in letter a.
6. LHBU data and/or correction as referred to in number 4 shall be
submitted as follows. a. No later than 1 (one) hour after the report time limit on the same Working Day for data or data correction as referred to in point III letter A.1a, letter A.1b, letter A.1c, letter A.2, letter A.4, letter B.7, letter B.8, letter B.9, letter B.10, and letter B.11. b. No later than the following Working Day at 10.00 a.m. (western Indonesian time) for data or correction data as referred to in point III letter A.1d, letter A.3, letter B.1, letter B.2, letter B.3, letter B.4, letter B.5, and letter B.6.
7. Reporting Banks failing to submit LHBU data or correction due to a
force majeure shall be required to submit a written notification immediately …

immediately together with explanations on causes of the force majeure.
8. The written notification as referred to in number 5 shall be signed
by authorized Officer and/or institution and submitted to :
a. Bank Indonesia, c.q. Special Unit for Information Management (UKMI), Jl. M.H. Thamrin Number 2, Jakarta 10350, for Reporting Banks located in the working area of Bank Indonesia Head Office (the Special Capital Territory of Jakarta, Banten Province [Lebak, Pandeglang, Tangerang, and Cilegon], Bekasi, Bogor, Karawang, and Depok); b. Bank Indonesia Regional Office, for Reporting Banks located outside the working area of Bank Indonesia Head Office as referred to in letter a. F. Submission of LHBU Data and/or LHBU Correction After Submission Time Limit

1. Reporting Banks considered failing to submit LHBU data and/or
   correction up to the deadline of submission as referred to in letter C and letter D.2 shall continue to be required to submit by On-Line LHBU data and/or correction concerned no later than 4.00 p.m. (western Indonesian time) on :
   a. 5 (five) Working Days after the date of report submission period for data of :
   1) Net Open Position;
   2) Selected Balance Sheet Items;
   3) Cash Flow Projection.
   b. 5 (five) Working Days after the date of correction submission period for data of :
   1) Foreign Exchange Transactions;
   2) Non-investment …

2) Non-investment Foreign Currency Selling Derivative
Transactions with Foreign Parties;
3) Non-investment Foreign Currency Buying Derivative
Transactions with Foreign Parties;
4) Position of Derivative Transaction Recapitulation.
2. Reporting Banks failing to submit LHBU and/or LHBU correction
by On-Line within the submission time limit as referred to in number 1 due to technical interference or other interference shall continue be required to submit the LHBU and/or LHBU correction concerned by Off-Line with procedures as referred to in point V letter E.5.
VI. LHBU OUTPUTS AND USERS
1. LHBU submitted by Reporting Banks shall be processed by Bank
Indonesia to become LHBU outputs in the form of :
a. information in the aggregate provided by Money Market Information Center (PIPU); and b. Reporting Bank individual data as stipulated by Bank Indonesia.
2. Reporting Banks may obtain LHBU outputs as referred to in number 1.
3. In obtaining LHBU outputs as referred to in number 2 each Reporting
Bank shall obtain right to access into the LHBU system in Bank Indonesia free of charge for no more than 2 (two) user id for foreign exchange bank and 1 (one) user id for non-foreign exchange bank
4. To add the number of user id as referred to in number 3 Reporting Banks
shall be charged for each addition of the user id comprising LHBU system license fee and system maintenance fee with respective amount to be stipulated in Bank Indonesia Circular Letter concerning LHBU and PIPU charges.
5. To obtain …

5. To obtain the additional user id as referred to in number 4 Reporting
Banks shall submit a written application to Bank Indonesia, c.q. Special Unit for Information Management (UKMI), Jl. M.H. Thamrin No. 2, Jakarta 10350.
VII. PIPU SUBSCRIBERS
1. Procedures to become PIPU Subscribers are stipulated as follows.
a. A prospective PIPU Subscriber shall submit a written application for PIPU subscription to Bank Indonesia as referred to in Appendix 3 (Example of Application Letter). b. The application letter for PIPU subscription as referred to in letter a shall be submitted to Bank Indonesia, c.q. Special Unit for Information Management (UKMI), Jl. M.H. Thamrin No. 2, Jakarta, 10350.
c. Bank Indonesia shall send a written notification to the prospective
PIPU Subscriber concerning respond to the application as referred to in letter a within 10 (ten) Working Days after the receipt of a complete application. d. If the application is approved by Bank Indonesia, the prospective PIPU Subscriber shall be required to sign an Agreement on the Using of PIPU with Bank Indonesia as referred to in Appendix 4 (Example of Agreement).
2. PIPU Subscribers may only obtain LHBU outputs in the form of
information in the aggregate as referred to in point VI.1.a.
3. For the LHBU outputs as referred to in number 2 PIPU Subscribers shall
be charged PIPU fees as contained in the Agreement on the Using of PIPU.
4. PIPU …

4. PIPU fees as referred to in number 3 comprise LHBU system license fee,
LHBU system maintenance fee, and information fee of LHBU outputs with respective amount to be stipulated in Bank Indonesia Circular Letter concerning LHBU and PIPU charges.
VIII. SANCTIONS
Sanctions in the form of financial penalties are imposed as follows.
1. Any Reporting Bank failing to submit transactional data as referred to in
point III letter A.1, letter A.2, and letter A.4 by On-Line or Off-Line within the submission time limit as stipulated in this Circular Letter shall be liable to a sanction in the form of financial penalty amounting to Rp250,000.00 (two hundred and fifty thousand Rupiah) for each transactional data not submitted, with a maximum penalty of Rp5,000,000.00 (five million Rupiah) per day for the whole transactional data in point III letter A.1, letter A.2, and letter A.4. Example :
a. On January 5, 2007 Bank A and Bank B conducted transactions of PUAB Morning Session (form 101) 10 times, transactions of PUAB Afternoon Session (form 101) 10 times, PUAS transactions (form
102) and Money Market Securities transactions in Secondary Market
(form 301) 10 times. b. Up to the deadline of report submission for the respective transaction Bank B had not submitted the whole reports on the abovementioned transactions.
c. On the failure of submitting the whole data of the abovementioned
transactions Bank B shall be liable to a sanction of financial penalty amounting to only Rp5,000,000.00 (five million Rupiah) instead of 30 (thirty) x Rp250,000.00 (two hundred and fifty thousand Rupiah) or Rp7,500,000.00…

or Rp7,500,000.00 (seven million and five hundred thousand Rupiah).
2. Any Reporting Bank failing to submit transactional data as referred to in
point III letter A.3 by On-Line or Off-Line within the submission period as stipulated in this Circular Letter shall be liable to a sanction in the form of financial penalty amounting to Rp250,000.00 (two hundred and fifty thousand Rupiah) for each transactional data not submitted, with a maximum penalty of Rp5,000,000.00 (five million Rupiah) per day. Example :
On January 5, 2007 Bank A did not submit :

• 10 (ten) transactions for form 201;
• 10 (ten) transactions for form 202;
• 10 (ten) transactions for form 203.
  Up to the deadline of report submission for the respective transaction Bank A had not submitted the whole reports on the abovementioned transactions. On the failure in submitting the whole data of the abovementioned transactions Bank A shall be liable to a sanction of financial penalty amounting to only Rp5,000,000.00 (five million Rupiah) instead of 30 x Rp250,000.00 or Rp7,500,000.00 (seven million and five hundred thousand Rupiah).

3. Any Reporting Bank failing to submit non-transactional data as referred
   to in point III.B.1 up to point III.B.6 and point III.B.8 up to point III.B.11 by On-Line or Off-Line in accordance with respective form up to the end of the submission period as stipulated in this Circular Letter shall be liable to a sanction in the form of financial penalty amounting to Rp250,000.00 (two hundred and fifty thousand Rupiah) for each non￾transactional data not submitted. Example : …

Example :
a. Base Lending Rates (form 601)
As the basis in the imposition of sanction, Base Lending Rates include no more than 2 (two) types of data to be submitted, namely (1) Base Lending Rates in Rupiah and (2) Base Lending Rates in USD. Example :
On January 5, 2007 Bank A did not submit data of Base Lending Rates up to the deadline of reporting. According to Bank Indonesia, on the aforementioned date Bank A held data of Base Lending Rates either in Rupiah or USD. Since Bank A held data of Base Lending Rates but did not submit to Bank Indonesia, Bank A shall be liable to a sanction in the form of financial penalty amounting to 2 (two) x Rp250,000.00 (two hundred and fifty thousand Rupiah) = Rp500,000.00 (five hundred thousand Rupiah). If on the abovementioned date Bank A held, in fact, one of those 2 types of data, Bank A shall be liable to a sanction in the form of financial penalty of 1 (one) x Rp250,000.00 (two hundred and fifty thousand Rupiah) = Rp250,000.00 (two hundred and fifty thousand Rupiah). b. Lending Rates in Rupiah and USD (form 602) As the reference to impose the sanction, Lending Rates in Rupiah and Foreign Currency (USD) include no more than 6 (six) types of data to be submitted, namely (1) interest rates on working capital credits in Rupiah, (2) interest rates on working capital credits in USD, (3) interest rates on investment credits in Rupiah, (4) interest rates on investment credits in USD, (5) interest rates on consumer credits in Rupiah, and (6) interest rates on consumer credits in USD. Example : …

Example :
On January 5, 2007 Bank A did not submit data of Lending Rates up to the deadline of reporting. According to Bank Indonesia, on the aforementioned date Bank A held data of Lending Rates (6 types). Since Bank A held a complete data of Lending Rates but did not submit those data to Bank Indonesia, Bank A shall be liable to a sanction of financial penalty of 6 (six) x Rp250,000.00 (two hundred and fifty thousand Rupiah) = Rp1.500.000,00 (one million and five hundred thousand Rupiah). If on the abovementioned date Bank A held, in fact, only 4 (four) types of data of Lending Rates, Bank A shall be liable to a sanction of financial penalty of 4 (four) x Rp250,000.00 (two hundred and fifty thousand Rupiah) = Rp1,000,000.00 (one million Rupiah).
c. Time Deposit, Certificates of Deposit, and Savings Deposit Rates
(form 603)
As the reference to impose the sanction, Time Deposit, Certificates of Deposit, and Savings Deposit Rates shall include no more than 5 (five) types of data to be submitted, namely (1) rates on time deposits in Rupiah, (2) rates on time deposits in USD, (3) discount rates on certificates of deposits in Rupiah, (4) discount rates on certificates of deposits in USD, and (5) rates on savings deposits in Rupiah. Example :
On January 5, 2007 Bank A did not submit data of Time Deposit, Certificates of Deposit, and Savings Deposit Rates up to the deadline of reporting. According to Bank Indonesia, on the aforementioned date Bank A held data of Time Deposit, Certificates of Deposit, and Savings Deposit Rates (5 types). Since Bank A held a complete data of rates on those deposits but did not submit them to Bank Indonesia, Bank A shall be liable to a sanction of financial penalty of 5 (five) x Rp250,000.00 …

Rp250,000.00 (two hundred and fifty thousand Rupiah) = Rp1,250,000.00 (one million two hundred and fifty thousand Rupiah). If on the abovementioned date Bank A held, in fact, only 3 types of data of Time Deposit, Certificates of Deposit, and Savings Deposit Rates, Bank A shall be liable to a sanction of financial penalty of 3 (three) x Rp250,000.00 (two hundred and fifty thousand Rupiah) = Rp750,000.00 (seven hundred and fifty thousand Rupiah).
4. Any Reporting Bank conducting interest rate quotation but failing to
submit non-transactional data of Quotation Interest Rates by On-Line or Off-Line on any occurrence of quotation up to the end of submission period as stipulated shall be liable to a sanction of financial penalty of Rp250,000.00 (two hundred and fifty thousand Rupiah) for each quotation data not submitted. Example :
a. On January 5, 2007 Bank A conducted interest rate quotation 50 times (Form 501). b. Up to the deadline of submission Bank A did not submit 30 (thirty) data of the quotation.
c. On the failure of submitting the whole data of those transactions Bank
A shall be liable to a sanction of financial penalty of only Rp5,000,000.00 (five million Rupiah) instead of 30 (thirty) x Rp250,000.00 (two hundred and fifty thousand Rupiah) or Rp7,500,000.00 (seven million and five hundred thousand Rupiah).
5. Any Reporting Bank failing to submit LHBU form headers by On-Line
or Off-Line within the submission time limit as stipulated shall be liable to a sanction in the form of financial penalty amounting to Rp1,000,000.00 (one million Rupiah) for each form header not submitted. Example : …

Example :
On January 5, 2007 Bank A did not hold any data of Lending Rates (form 602) and did not submit any form header concerned up to the deadline of submission at 5.00 p.m. (western Indonesian time). Bank A shall be liable to a sanction of financial penalty of Rp1,000,000.00 (one million Rupiah) for the failure in submitting form header.
6. Any Reporting Bank submitting LHBU data incorrectly for data of :
a. Rupiah PUAB – Morning Session; b. Rupiah PUAB – Afternoon Session;
c. Foreign Exchange PUAB;
d. Overseas PUAB; e. Money Market Securities Trade in Secondary Markets; f. Net Open Position; g. Selected Balance Sheet Items; h. Cash Flow Projection;
i. Quotation Interest Rates;
j. Base Lending Rates; k. Lending Rates;
l. Time Deposit Interest Rates, Certificate of Deposit Discount Rates,
and Savings Deposit Rates; m. Sharia Bank Mudharabah Deposit Rates, shall be liable to a sanction in the form of financial penalty amounting to Rp50,000.00 (fifty thousand Rupiah) for each incorrect item, with a maximum penalty of Rp2,000,000.00 (two million Rupiah) per day. a. Example for transactional data :
On January 5, 2007 Bank A and Bank B conducted 1 (one) PUAB Morning Session transaction with information as follows.

• Transaction value: Rp16,000,000,000.00 (sixteen billion Rupiah),
  term: 1 day, interest rate: 10 % p.a.

• Bank A …

• Bank A and Bank B submitted the data of PUAB Morning Session
  transaction prior to the deadline of PUAB Morning Session submission.

• data of transaction value in Volume column reported by Bank B
  amounted to Rp6,000,000,000.00 (six billion Rupiah).
  On the incorrectness in reporting the nominal value of PUAB Morning Session Bank B shall be liable to a sanction of financial penalty at the amount of Rp50,000.00 (fifty thousand Rupiah) for submitting 1 (one) incorrect data item in volume column. b. Example for non-transactional data :
  On January 5, 2007 Bank A reported form 602 Lending Rates with information as follows.

• Type of lending rate: consumer, currency: Rupiah, flat: 10%,
  effective: 15%.

• Type of lending rate: investment, currency: Rupiah, flat: 8%,
  effective: 14%.

• According to Bank Indonesia Bank A reported incorrect
  information on investment credit that is supposed to be reported as follows.

• type of lending rate: investment

• currency: Rupiah

• flat: 6%

• effective: 9%.
  On the incorrect reporting Bank A shall be liable to a sanction of financial penalty of 2 items x Rp50,000.00 = Rp100,000.00.

7. Any Reporting Bank submitting LHBU data incorrectly for data of :
   a. Foreign Exchange Transactions; b. End-day Position of Non-investment Foreign Currency Selling Derivative Transactions with Foreign Parties;
   c. End-day …

c. End-day Position of Non-investment Foreign Currency Buying
Derivative Transactions with Foreign Parties; and d. Derivative Transaction Recapitulation shall be liable to a sanction of financial penalty in the amount of Rp50,000.00 (fifty thousand Rupiah) for each item of error, with a maximum penalty of Rp2,000,000.00 (two million Rupiah) per day. Example :
a. On January 8, 2007 Bank A conducted a spot transaction (form 201) USD/IDR with its customer with an exchange rate of Rp9,300.00 (nine thousand and three hundred Rupiah) and a volume of USD1,000,000.00 (one million dollars). However, Bank A reported the rate as Rp3,900.00 (three thousand and nine hundred Rupiah). On the incorrectness, Bank A shall be liable to a sanction of financial penalty of Rp50,000.00 (fifty thousand Rupiah) for submitting 1 (one) incorrect data item in exchange rate column. b. On January 8, 2007 Bank A submitted :

• form 201 containing 15 (fifteen) transactions;
• form 202 containing 10 (ten) transactions;
• form 203 containing 15 (fifteen) transactions;
• form 204;
• form 205;
• form 206.
  According to Bank Indonesia there were 48 (forty eight) incorrect transactional data items including exchange rate, volume, name of seller, and term, namely :
• 20 (twenty) items in form 201;
• 10 (ten) items in form 202;
• 15 (fifteen) items in form 203,
  while …

while for non-transactional data, there were also incorrect data in the report, namely :

• 1 (one) item in form 204;
• 1 (one) item in form 205;
• 1(one) item in form 206.
  On the incorrectness Bank A shall be liable to a sanction of financial penalty of only Rp2,000,000.00 (two million Rupiah) because the value of incorrectness made by Bank A for the aforementioned transactional data and non-transactional data exceeded the maximum sanction of financial penalty of Rp2,000,000.00 (two million Rupiah).

8. Sanction for not submitting form header as referred to in number 5 may
   be imposed together with sanction for not submitting data as referred to in number 1, number 2, number 3, number 4, number 6, and number 7. Example :
   a. Transactional data
   1) On January 5, 2007 Bank A and Bank B conducted PUAB
   Morning Session transactions (form 101) 10 (ten) times, PUAB Afternoon Session transactions (form 101) 10 (ten) times, PUAS transaction (form 102) and money market securities transactions in secondary markets (form 301) 10 (ten) times.
   2) Up to the deadline of report submission for respective transaction,
   Bank B had not submitted the whole transaction reports.
   3) On the fault of not submitting the whole transaction data, Bank B
   shall be liable to a sanction of financial penalty in the amount of Rp5,000,000.00 (five million Rupiah) and no 30 (thirty) x Rp250,000.00 (two hundred and fifty thousand Rupiah or Rp7,500,000.00 (seven million and five hundred thousand Rupiah).
   4) In addition, …

4) In addition, Bank B shall also be liable to a sanction for not
submitting form header and shall be imposed with a financial penalty of Rp1,000,000.00 (one million Rupiah).
5) The total amount of penalty to be paid by Bank B shall be
Rp5,000,000.00 (five million Rupiah) + Rp1,000,000.00 (one million Rupiah). b. Non-transactional data
1) On January 5, 2007 Bank A was required to submit forms of non￾transactional data of lending rates (form 602) totally containing 6
(six) data including data of interest rates on working capital credits in Rupiah and foreign currency, interest rates on investment credits in Rupiah and foreign currency, and interest rates on consumer credits in Rupiah and foreign currency but did not submit those 6 (six) data. Therefore, Bank A shall be liable to a sanction of financial penalty of 6 (six) x Rp250,000.00 (two hundred and fifty thousand Rupiah) = Rp1,500,000.00 (one million and five hundred thousand Rupiah).
2) In addition, Bank A shall be liable to a sanction for not submitting
form header that shall be imposed a financial penalty of Rp1,000,000.00 (one million Rupiah).
3) The total amount of penalty to be paid by Bank A shall be
Rp1,500,000.00 (one million and five hundred thousand Rupiah)

• Rp1,000,000.00 (one million Rupiah).
  9. Bank Indonesia shall deliver a written notification to Reporting Banks
  concerning infringement made by the Reporting Banks and sanctions to be imposed.
  10. The imposition of sanctions on Reporting Banks as referred to in number
  1, number 2, number 3, number 4, number 5, number 6, number 7, and number 8 shall be executed by debiting Reporting Banks’ Rupiah account at Bank Indonesia.
  11. Procedures …

11. Procedures of imposition of sanctions on PIPU Subscribers shall be
stipulated in the Agreement on the Using of PIPU as referred to in
Appendix 2.
12. Reporting Bank infringing provisions in point V letter F number 1.a1,
number 1.a2, number 1.a3, number 1.a4, number 1.b1, number 1.b2, number 1.b3, and number 1.b4 shall be imposed a financial penalty and administrative sanction in the form of a written warning for the sake of Bank supervision.
IX. QUERIES
In the event of any ambiguity in the implementation of LHBU preparation and submission, Reporting Banks may submit queries relating to LHBU system, subject matters, and provisions to Bank Indonesia Head Office as follows.
1. Directorate of Monetary Management, Monetary Management
Transaction Settlement Division, concerning subject matters of Form 101, Form 102, Form 301, Form 501, Form 601, Form 602, Form 603, and Form 604.
2. Directorate of Reserve Management, Reserve and Exchange Rate
Analysis Bureau, concerning subject matters of Form 201, Form 202, Form 203, Form 204, Form 205, and Form 206.
3. Directorate of Banking Research and Regulation, Team for Banking
Regulation, concerning subject matters of Form 401, Form 402, Form 405, and Form 406.
4. Directorate of Economic and Monetary Statistics, Monetary, Financial,
and Fiscal Statistics Division, concerning subject matters of Form 403 and Form 404.
5. Directorate of Information Technology, Helpdesk, concerning matters
relating to application and automation of LHBU submission system.
6. Special …

6. Special Unit for Information Management, concerning access into LHBU
system in Bank Indonesia.
X. CONCLUDING PROVISIONS
By the enactment of this Circular Letter, Bank Indonesia Circular Letter Number 7/7/DPM dated March 29, 2005 concerning Commercial Bank Daily Report as amended by Bank Indonesia Circular Letter Number 7/16/DPM dated May 31, 2005 shall be revoked and declared no longer valid. Provisions in this Circular Letter shall come into force since March 5, 2007. For the public to be informed, it is ordered that this Bank Indonesia Circular Letter be promulgated in the State Gazette of the Republic of Indonesia. Please be informed accordingly.

BANK INDONESIA,
EDDY SULAEMAN YUSUF
DIRECTOR OF MONETARY MANAGEMENT