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2011-09-30

Bank Indonesia Regulation Number 13/21/PBI/2011 on Monitoring of Bank Activity in Foreign Exchange Flows

Bank Indonesia issued Regulation Number 13/21/PBI/2011 to refine foreign exchange flow monitoring by restricting reporting obligations to commercial banks domiciled in Indonesia. This regulation requires reporting banks to submit data on transactions affecting external financial assets and liabilities, as well as detailed export transaction information, to support monetary policy and economic statistics. The new rules became effective for October 2011 data, revoking the previous 1999 regulation while allowing a transition period for non-bank financial institution reporting.

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Regulation

Sumber Data Legal Information Team, Directorate of Legal Affairs

9/30/2011 10:31 AM

Judul Bank Indonesia Regulation Number:13/21/PBI/2011 dated September 30, 2011 concerning Monitoring of Bank Activity in Foreign Exchange Flows

Peraturan Bank Indonesia

Moneter dan Pasar Keuangan

Berlaku

Bank Indonesia Regulation

Monetary

Effective

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Page Content

Regulation

Bank Indonesia Regulation Number:13/21/PBI/2011 dated September 30, 2011 concerning Monitoring of Bank Activity in

Foreign Exchange Flows

Valid from

September 30, 2011

Summary

The Reporting of Foreign Exchange Flows (FEF) covers the reporting of transfers in financial assets and liabilities between residents and nonresidents, including transfers in foreign financial assets and liabilities among residents. The implementation of this reporting requirement is based on Act Number 24 of 1999 concerning The Foreign Exchange Flows and Exchange Rate System. The objective of this reporting requirement is to support

the formulation and

implementation of policies on monetary , banking and

payment

systems . The i nformation and data obtained from this reporting requirement is used to compile various economic statistics, including Indonesia Balance of Payments statistics and International Investment Position Indonesia statistics.

B ank Indonesia Regulation Number 13/21/PBI/2011 dated September 30, 2011 concerning Monitoring of Bank Activity in

Foreign Exchange Flows is a refinement to the previous regulation. It is adopted in

order to improve the

completeness

and

accuracy of

data and information on foreign exchange flows and to

support the

implementation of the regulation concerning receipt of export proceeds to domestic banks . Several aspects have been improved in the above-mentioned regulation, particularly related to the scope of reported data and reporting banks, report period, and penalties. Unlike the

regulation which also governed the reporting of non-bank financial institutions’ foreign exchange flows , the new regulation

only regulates

banks as there are different business characteristics between both types of financial institutions .

The reporting banks set forth in this regulation are all commercial banks domiciled in Indonesia.

Each reporting bank as mentioned above is required to submit FEF reports which generally include data/information on:

Bank and/or its customer’s transactions

that affect bank’s external financial assets

( EFA) and/or

external financial liabilities

( EFL), and/or

The position and changes of bank’s EFA and/or EFL.

When bank’s customers engaged in export-related transactions, the bank must submit details of the export transactions and other supporting documents to Bank Indonesia as stipulated in the regulation concerning receipt of export proceeds to domestic banks .

This new regulation is effective starting from data for October 2011 which is submitted in November 2011.

With the enactment of this new regulation, Bank Indonesia Regulation Number 1/9/PBI/1999 dated October 28, 1999 concerning the Monitoring of Foreign Exchange Flows of Banks and Non Bank Financial Institutions is revoked and declared null and void, except for the articles that regulate the monitoring of FEF of non-bank financial institutions up to data for December 2011 which is submitted in January 2012.

Lampiran Attachments

Lampiran 1 Bank Indonesia Regulation Number:13/21/PBI/2011

Lampiran 2 FAQ - Bank Indonesia Regulation Number:13/21/PBI/2011

Lampiran 3

Lampiran 4

Lampiran 5

Lampiran 6

Lampiran 7

Lampiran 8

Lampiran 9

Lampiran 10

Kontak Contact

Kontak Legal Information Team, Ph. : (021) 2310108 ext : 8737, 7993, 4838

Halaman ini terakhir diperbarui 1/27/2021 9:15 PM

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