Guidelines for Preparing Adjusted Net Working Capital Forms and Submission and Validation of Adjusted Net Working Capital Reports

To:

The Board of Directors of Securities Companies;
The Board of Directors of PT Indonesia Stock Exchange; and
The Board of Directors of PT Indonesia Stock Exchange Clearing and Guarantee Corporation,
At their respective locations.

COPY
CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY REPUBLIC OF INDONESIA NUMBER 2 /SEOJK.04/2023 CONCERNING GUIDELINES FOR PREPARING ADJUSTED NET WORKING CAPITAL FORMS AND SUBMISSION AND VALIDATION OF ADJUSTED NET WORKING CAPITAL REPORTS

In order to implement the mandate of Article 4 and in relation to the provisions of Article 5 of Financial Services Authority Regulation Number 52/POJK.04/2020 concerning the Maintenance and Reporting of Adjusted Net Working Capital (State Gazette of the Republic of Indonesia Year 2020 Number 276, Supplement to the State Gazette of the Republic of Indonesia Number 6589), as well as developments in practices and regulations for securities transactions in the capital market, it is necessary to regulate technical details regarding the preparation and submission of adjusted net working capital reports and the validation of such reports in a Circular Letter of the Financial Services Authority as follows:

I. GENERAL PROVISIONS
In this Circular Letter of the Financial Services Authority, the following terms are meant:

Securities Company is a party that conducts business activities as an underwriter of securities, securities broker, and/or investment manager.
Securities Company Member of the Stock Exchange, hereinafter abbreviated as PE AB, is a securities broker that has obtained a business license from the Financial Services Authority and has obtained stock exchange membership approval to use the stock exchange's system and/or facilities in accordance with stock exchange regulations.
Stock Exchange is a party that organizes and provides systems and/or facilities to bring together buy and sell offers of securities from other parties with the aim of trading securities among them.
Clearing and Guarantee Institution is a party that organizes clearing and guarantee services for the settlement of exchange transactions.
Adjusted Net Working Capital, hereinafter abbreviated as ANWC, is the amount of current assets of the Securities Company minus all liabilities of the Securities Company and ranking liabilities, plus sub-ordinated debt, and other adjustments.
Central Adjusted Net Working Capital Reporting System, hereinafter abbreviated as SPP-ANWC, is the ANWC Report Receiving System managed by PT Indonesia Stock Exchange Clearing and Guarantee Corporation based on the Decision of the Chairman of the Capital Market Supervisory Agency and Financial Institutions Number Kep-22/BL/2012 dated January 30, 2012 concerning the Appointment of PT Indonesia Stock Exchange Clearing and Guarantee Corporation as the Receiver of Adjusted Net Working Capital Reports.

II. GUIDELINES FOR PREPARING ANWC FORMS

Securities Companies prepare ANWC reports using the following forms:
a. Daily Trial Balance Report Form – Assets (Form 1); b. Daily Trial Balance Report Form - Liabilities and Equity (Form 2);
c. Ranking Liabilities Report Form (Form 3);
d. Mutual Fund Securities Concentration Risk Calculation Form (Form 4); e. Haircut Return Calculation Form for Hedged Securities Portfolios (Form 5); f. Cash Ledger Report Form (Form 6); g. Securities Ledger Report Form (Form 7); h. Minimum Adjusted Net Working Capital Requirement Calculation Form (Form 8);
i. Adjusted Net Working Capital Calculation Report Form (Form 9); and
j. Supporting Data Report Form for Adjusted Net Working Capital (Form 10).
Filling out the ANWC report forms as referred to in item 1 is carried out in accordance with the Guidelines for Preparing Adjusted Net Working Capital Forms as contained in the Appendix which is an integral part of this Circular Letter of the Financial Services Authority.

III. SUBMISSION AND VALIDATION OF ANWC REPORTS

Submission of ANWC reports to the Financial Services Authority, Stock Exchange, and/or Clearing and Guarantee Institution as referred to in Article 5 of Financial Services Authority Regulation Number 52/POJK.04/2020 concerning the Maintenance and Reporting of Adjusted Net Working Capital is conducted through SPP-ANWC.
SPP-ANWC validates the Securities Company's ANWC report, and the ANWC value resulting from the validation is the correct ANWC value and is used as the ANWC reporting value.
In the event that the ANWC value based on the SPP-ANWC calculation differs from the ANWC reported by the Securities Company but still meets the minimum ANWC value, the difference may be used as material for further supervision by the Financial Services Authority.
If at 08:30 WIB according to SPP-ANWC, PE AB fails to meet the minimum ANWC value as regulated in Article 2 paragraph (2) and paragraph (6) of Financial Services Authority Regulation Number 52/POJK.04/2020 concerning the Maintenance and Reporting of Adjusted Net Working Capital, the PE AB in question is prohibited from conducting exchange transactions by the Stock Exchange as referred to in the provisions of Article 6 of Financial Services Authority Regulation Number 52/POJK.04/2020 concerning the Maintenance and Reporting of Adjusted Net Working Capital.
In the event there are PE AB activities excluded from the ANWC calculation that are not covered in the calculation performed by SPP-ANWC, including but not limited to the recognition of tender offer debt, advance receipt of institutional client funds, recognition of client-owned dividend debt, and debt financing to securities financing institutions for financing client transactions as contained in Appendix Form 8 line 19 which is an integral part of this Circular Letter of the Financial Services Authority, the following provisions apply:

a. PE AB submits notification to the Stock Exchange regarding the said transaction accompanied by supporting documents no later than 1 (one) business day before the ANWC report date (H-1); b. The Stock Exchange verifies the consistency of the supporting documents submitted by PE AB with PE AB's ANWC report; and
c. if based on the Stock Exchange's verification there is a difference between the supporting documents submitted by PE AB and PE AB's ANWC report, the difference may be used as material for further supervision by the Stock Exchange.

The Stock Exchange's examination unit conducts on-site examinations of PE AB in the event:
a. according to SPP-ANWC, PE AB fails to meet the minimum ANWC value as referred to in item 4; or b. PE AB does not submit the ANWC report, including late submission of the ANWC report as referred to in the provisions of Article 5 letter a of POJK 52/POJK.04/2020 concerning the Maintenance and Reporting of Adjusted Net Working Capital.
On-site examination of PE AB as referred to in item 6 letter a is conducted no later than 13:00 WIB on the next business day after PE AB fails to meet the minimum ANWC value.
On-site examination of PE AB as referred to in item 6 letter b is conducted on the day PE AB does not submit or is late in submitting the ANWC report.
If according to SPP-ANWC a Securities Company that is not a member of the Stock Exchange fails to meet the minimum ANWC value at the time of reporting as referred to in Article 2 paragraph (1), paragraph (3), paragraph (4), paragraph (5), and paragraph (7) of Financial Services Authority Regulation Number 52/POJK.04/2020 concerning the Maintenance and Reporting of Adjusted Net Working Capital, the Securities Company that is not a member of the Stock Exchange in question is required to submit a correction report to the Financial Services Authority as regulated in Article 10 of Financial Services Authority Regulation Number 52/POJK.04/2020 concerning the Maintenance and Reporting of Adjusted Net Working Capital.
The Stock Exchange's examination unit reports to the Financial Services Authority no later than 15:00 WIB on the next business day

This copy is consistent with the original
Legal Director 1
Legal Department signed
Mufli Asmawidjaja

after the examination referred to in item 6 has begun in accordance with the provisions of Article 14 of Financial Services Authority Regulation Number 52/POJK.04/2020 concerning the Maintenance and Reporting of Adjusted Net Working Capital.

IV. CLOSING

At the time this Circular Letter of the Financial Services Authority takes effect:
a. Circular Letter of the Chairman of Bapepam and LK Number SE-07/BL/2011 concerning Guidelines for Preparing Adjusted Net Working Capital Forms; b. Circular Letter of the Chairman of Bapepam and LK Number SE-02/BL/2012 concerning Additional Explanations for SE-07/BL/2011 and Validation of Adjusted Net Working Capital Reporting; and
c. Financial Services Authority Circular Letter Number 8/SEOJK.04/2017 concerning the Method of Calculating Adjusted Net Working Capital for Securities Brokers Designated as Gateways that Conduct Securities Transactions for Client Interests in the Implementation of Law Number 11 of 2016 concerning Tax Amnesty,
are revoked and declared invalid.
The provisions in this Circular Letter of the Financial Services Authority take effect after 6 (six) months from the date of establishment.

Established in Jakarta on January 10, 2023

EXECUTIVE HEAD
CAPITAL MARKET SUPERVISOR
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA, signed
INARNO DJAJADI

APPENDIX
CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY REPUBLIC OF INDONESIA NUMBER 2 /SEOJK.04/2023 CONCERNING GUIDELINES FOR PREPARING ADJUSTED NET WORKING CAPITAL FORMS AND SUBMISSION AND VALIDATION OF ADJUSTED NET WORKING CAPITAL REPORTS

TABLE OF CONTENTS
GUIDELINES FOR PREPARING ADJUSTED NET WORKING CAPITAL FORMS

I. Daily Trial Balance Report Form – Assets (Form 1)
No.
Line
Account Name / Sub
Account / Sub-Sub
Account
Explanation

8 Current Assets
9 Cash and Cash Equivalents
This account is used to record cash and cash equivalents owned by the Securities Company.

10 Bank Demand Deposits
This sub-account is used to record funds including:
a. demand deposit and/or savings balances at banks; b. operational demand deposit balances;
c. transaction settlement demand deposit balances (depository account/mapping at the Depository and Settlement Institution (The Central Depository and Book Entry Settlement (C-BEST) system)) in the name of the Securities Company, including Central Bank Money (CEBM)); and/or
d. petty cash, including the Securities Company's funds in the form of electronic money.
In the event that fund balances are in foreign currency, recording in rupiah uses the Bank Indonesia middle exchange rate.
The authorized party over the Securities Company's account, namely members of the board of directors, employees and/or staff of the Securities Company or other parties authorized by the Securities Company based on an agreement for the benefit of exchange member transactions facilitated by other parties, in the context of cooperation for certain activities including outsourcing of custodian functions.

Securities Company accounts authorized by unauthorized parties are reclassified into other assets.
Client funds held by the Securities Company as collateral for transaction settlement are not counted as bank demand deposits. The client funds mentioned may be in bank accounts in the name of the client and/or client sub-accounts at the Depository and Settlement Institution.

11 Restricted Use Cash
This account is used to record funds deposited in bank accounts in the name of the Securities Company but with restricted usage.

12 Segregated Cash
This sub-account is used to record funds with restricted usage. Funds included in this sub-account include:
a. advance receipt of institutional client transaction funds for both primary market orders, secondary market transactions, and other transactions. Institutional clients are clients that are other Securities Companies, banks, insurance companies, pension funds, or other financial institutions that are exempted from opening Securities accounts in accordance with Financial Services Authority regulations regarding internal control of Securities Companies conducting business as Securities Brokers; b. funds set aside to cover short selling transaction risks for the Securities Company's own benefit; and/or
c. funds from public offerings or limited offerings (private placement) where allocation has been done but funds have not yet been handed over to the issuer or securities issuer.
Bank accounts used to store the aforementioned segregated cash funds are placed in separate accounts according to their purpose.

13 Client qq. Securities Accounts
This sub-account is used to record Securities Company funds set aside in an amount equal to the fair market value of securities that are not under the direct control of the Securities Company and have been held for more than 5 (five) business days. These funds are placed in a special account at a bank in the name of the Securities Company for the benefit (qq) of the account holder, to guarantee free securities that are not under the direct control of the Securities Company in accordance with Financial Services Authority regulations regarding the control and protection of securities stored by the Securities Company. Funds in this account cannot be pledged to banks or other parties to obtain loans for the Securities Company's working capital.

14 Time Deposits
This account is used to record funds placed in time deposits.
The authorized party over the Securities Company's time deposits is an employee and/or staff of the Securities Company or another party authorized by the Securities Company based on an agreement for the benefit of exchange member transactions facilitated by other parties, or in the context of cooperation for certain activities including outsourcing of custodian functions. Time deposits authorized by unauthorized parties are reclassified into other assets. Time deposits recorded in this account include time deposits pledged to banks under the following conditions:
a. to obtain short-term loans (less than one year); or b. for the Securities Company's working capital needs, namely capital used in the context of securities transactions and is liquid.
If time deposits pledged to banks do not meet the above provisions, then the deposits are recorded as assets in the other assets group.

15 Domestic Bank Time Deposits
This sub-account is used to record fund placements in time deposits at domestic banks, namely banks with offices located in the territory of the Republic of Indonesia, including branch offices of foreign banks located in the territory of the Republic of Indonesia that have obtained a license from the Financial Services Authority. Domestic bank time deposits are grouped as follows:

a. general bank time deposits maturing in less than or equal to 3 (three) months from the date of the ANWC report; b. general bank time deposits maturing in more than 3 (three) months from the date of the ANWC report, and grouped as follows:

general bank time deposits that meet the criteria as deposits guaranteed by the Deposit Insurance Institution in accordance with Deposit Insurance Institution regulations, including:
a) guarantee limit value; and b) maximum interest rate; and
general bank time deposits that do not meet the criteria as deposits guaranteed by the Deposit Insurance Institution, grouped as follows:
a) the general bank in question is not undergoing bankruptcy proceedings, has not been declared bankrupt, or is not in the liquidation process; and b) the general bank in question is undergoing bankruptcy proceedings, has been declared bankrupt, or is in the liquidation process; and
c. rural credit bank deposits.

23 Foreign Bank Time and Non-
Time (Demand) Deposits
This sub-account is used to record fund placements at banks outside the territory of the Republic of Indonesia, both foreign banks and branches of domestic banks located abroad, including non-time (demand) deposits. For foreign bank branches located in the territory of the Republic of Indonesia, they are treated as domestic banks as long as the time deposit certificates are issued by the local management of the bank.

24 Reverse Repo Receivables
This account is used to record receivables from other parties related to repo transactions as referred to in Financial Services Authority regulations governing repurchase agreement guidelines for financial service institutions with categories that are not suspended (recognized). The amount of receivables recognized is equal to the purchase value plus periodic repo income accruals, maximally monthly.

In this transaction, securities purchased on the purchase date (1st leg) will be sold on the repurchase date (2nd leg) at the price set in the agreement. Securities purchased must be transferred by the selling party to the Securities Company acting as the buyer in the repo transaction. Securities Companies acting as buyers in repo transactions do not recognize the purchased securities as securities portfolios. Securities Companies may present this receivable net after deducting provisions.

Repo transaction receivables that can be recognized in this account are:
a. repo transaction receivables where there is a cash flow from the repo buyer to the party repo-ing the securities and the securities meet repo regulations. For example, suspended, blocked, or seized securities by competent authorities cannot become repo securities; or b. repo transactions conducted with roll over under the following conditions:

there is still interest payment by the repo seller; and
the repo securities are not suspended, blocked, or seized by law enforcement or competent authorities.
If these criteria are not met, they are removed from repo transaction receivables and moved to line 103/104.

This account consists of 3 (three) sub-accounts based on the type of securities received in the repo transaction, namely:
a. government securities; b. corporate bonds or sukuk; and
c. equity-like securities.
If there is a repo transaction where the securities being repo-ed are a combination of 2 (two) or more of the above types of securities, then the recording of the receivable amount is recorded proportionally based on the fair market value of the securities being repo-ed into each sub-account.

25 Government Securities Reverse Repo
This sub-account is used to record repo transaction receivables with government securities as the repo securities.

26 Corporate Bond or Sukuk Reverse Repo
This sub-account is used to record repo transaction receivables with corporate bonds or sukuk as the repo securities.

27 Equity-Like Securities Reverse Repo
This sub-account is used to record repo transaction receivables with equity-like securities as the repo securities.

28 Clearing and Guarantee Institution Receivables This account is used to record receivables from the Clearing and Guarantee Institution related to exchange transactions and collateral submitted by the Securities Company in the context of exchange transactions.

29 Clearing and Guarantee Institution Collateral Funds This sub-account is used to record funds submitted by Securities Company members of the clearing house to the Clearing and Guarantee Institution, including time deposits, as collateral for:
a. settlement of exchange transactions guaranteed by the Clearing and Guarantee Institution, including:

Securities Company funds placed in collateral account 004 (online collateral); and/or
minimum cash collateral in the form of cash or time deposit certificates in the name of the Securities Company;
b. securities lending and borrowing through the Clearing and Guarantee Institution; and/or
c. derivative transaction collateral placed at the Clearing and Guarantee Institution.
For derivative contract collateral after considering the provision for decline in safeguard funds (collateral) in the context of mark-to-market transactions of derivative contracts.
Interest to be obtained at the end of the period over funds and/or time deposits pledged in this sub-account is recorded on line 57.

30 Exchange Transaction Receivables
This sub-account is used to record receivables from the Clearing and Guarantee Institution for sell transactions conducted by the Securities Company, both for client benefit and for own benefit. The amount presented corresponds to the value presented on the clearing results list.

Recording of debt and receivables with the Clearing and Guarantee Institution arising from exchange transactions guaranteed by the Clearing and Guarantee Institution is done on a netting basis with settlement due on the same day. In the event that the Stock Exchange and Clearing and Guarantee Institution determine that transactions are separated, the value of receivables with the Clearing and Guarantee Institution in this account is reclassified to the 'Receivables from Other Securities Companies' account in the 'Securities Sell Transactions' sub-account on line 43 by the value of the separated transaction per transaction (trade per trade), until there is a decision from the Financial Services Authority that separated transactions are guaranteed or not guaranteed by the Clearing and Guarantee Institution. If decided to be guaranteed, it returns to the 'Exchange Transaction Receivables' account, and if decided not to be guaranteed, it remains in the 'Receivables from Other Securities Companies' account.

31 Commission Receivables
This sub-account is used to record receivables arising from services provided to the Clearing and Guarantee Institution, for example: commissions on securities lending conducted through the Clearing and Guarantee Institution.

32 Client Receivables
This account is used to record receivables from the Securities Company's clients.

33 Account Holder Client Receivables
This sub-account is used to record receivables from clients who are account holders of securities accounts, which are grouped into:
a. securities purchase transactions, and b. client securities account debit balances.
Recording of debt and receivables with clients arising from exchange transactions in the regular market is done on a netting basis for each client with settlement due on the same day. Netting can be done at the single investor identity number or client code level with the condition that it is done consistently. In the event that the Stock Exchange and Clearing and Guarantee Institution determine that transactions are separated, recording of debt and receivables with clients arising from exchange transactions in the regular market is not done on a netting basis.

For funds receivables and payables with customers arising from exchange transactions in the negotiated market, or in alternative market/over-the-counter organizers and not guaranteed by the Clearing and Guaranteeing Institution, recording is done on a trade-for-trade basis.

34 Sub-sub Account for Securities Purchase Transactions This sub-sub account is used to record customer receivables from securities purchases for account holders that have not yet matured, i.e., T+0 to T+1 for transactions in the regular market, or other times for the negotiated market, and receivables from securities purchases for debt securities over-the-counter or through alternative market organizers.

35 Debit Balance
Customer Securities
Account
This sub-sub account is used to record balances in customer securities accounts showing the amount of money that must be paid by the customer to the Securities Company for the financing of securities settlement (margin) by the Securities Company for the customer since the settlement date (T+2 and thereafter) in accordance with the regulations of the Financial Services Authority regarding the financing of securities transactions by Securities Companies for customers and short selling transactions by Securities Companies, including outstanding margin financing interest income receivables presented in this account. Receivables from customer account holders for securities purchase transactions outside of transactions financed by the Securities Company through financing facilities as referred to in the Financial Services Authority regulations above, since the transaction settlement date (T+2 and thereafter), are classified as other financial assets in the sub-account 'Receivables from Customer Account Holders for Securities Purchase Transactions Since Transaction Settlement Date' in line 103.

36 General
Customer Receivables
This sub-account is used to record charges to customers who ordered securities during the public/limited offering period but have not paid by the allocation date.
In the event that this receivable has not been resolved on the distribution date, it must be transferred to line 104.

37 Institutional
Customer Receivables
This sub-account is used to record the Securities Company's charges to institutional customers, namely customers who are other Securities Companies including regional Securities Companies and Investment Managers, banks, insurance companies, pension funds, or other financial institutions that are exempted from opening securities accounts at the Securities Company in accordance with the Financial Services Authority regulations regarding internal control of Securities Companies conducting business activities as Securities Brokers. This sub-account is grouped into:
a. securities purchase transactions; and b. failed delivery - institutional customers.
Recording of funds payables and receivables with institutional customers arising from exchange transactions in the regular market is done on a netting basis for each customer whose settlement matures on the same day. Netting can be done at the single investor identity number or client code level with the condition that it is done consistently. Specifically for Investment Manager customers for mutual funds and other collective investment contracts, as well as portfolio management contracts for individual customers, the value of charges is recorded per mutual fund or per contract (netting is not performed for Investment Managers). For funds receivables and payables with customers arising from exchange transactions in the negotiated market, or in alternative market/over-the-counter organizers and not guaranteed by the Clearing and Guaranteeing Institution, recording is done on a trade-for-trade basis. In the event that the Stock Exchange and Clearing and Guaranteeing Institution determine that transactions are separated, recording of funds payables and receivables with customers arising from exchange transactions in the regular market that are separated transactions is done on a trade-for-trade basis until there is a decision from the Financial Services Authority that separated transactions are or are not guaranteed by the Clearing and Guaranteeing Institution.

38 Sub-sub Account for Securities Purchase Transactions This sub-sub account is used to record institutional customer receivables from securities purchases that have not yet matured (T+0 to T+1 for the regular market, or other times for the negotiated market and securities purchases for debt securities over-the-counter or through alternative market organizers).

39 Failed Delivery -
Institutional
Customers
This sub-sub account is used to record:
a. compensation charges arising from institutional customers failing to deliver securities to the Securities Company for sales transactions; and/or b. charges arising from institutional customers failing to deliver funds to the Securities Company for purchase transactions.

40 Other
Securities Company
Receivables
This account represents the Securities Company's charges to other Securities Companies in the course of Securities Broker activities.

41 Security Deposit for Securities Borrowing
This sub-account is used to record the value of collateral including interest (if any), placed at other Securities Companies for securities borrowing.

42 Security Deposit at Clearing Members
This sub-account is used to record funds pledged by non-clearing member Securities Companies to clearing member Securities Companies, including interest (if any).

43 Securities Sales
Transactions
This sub-account is used to record the Securities Company's charges to other Securities Companies that have not yet matured, including:
a. for securities sales transactions not guaranteed by the Clearing and Guaranteeing Institution, including the sale of government securities and debt-type securities and corporate sukuk over-the-counter or through alternative market organizers, mutual fund participation units, and other collective investment contracts; or b. for securities sales transactions of the Securities Company as a customer, recording in this account is done on a trade-for-trade basis. This sub-account is also used to record sales transactions conducted by the Securities Company for customer interests or for its own interests, which are designated by the Stock Exchange and Clearing and Guaranteeing Institution as separated transactions, from the announcement of separated transactions until there is a decision from the Financial Services Authority that separated transactions are or are not guaranteed by the Clearing and Guaranteeing Institution. If the decision from the Financial Services Authority is that separated transactions are guaranteed by the Clearing and Guaranteeing Institution, this account is reclassified to the 'Receivables from Clearing and Guaranteeing Institution' account in the 'Exchange Transaction Receivables' sub-account in line 30 for the value of separated transactions guaranteed by the Clearing and Guaranteeing Institution, and settlement is done on a netting basis. If the decision from the Financial Services Authority is that separated transactions are not guaranteed by the Clearing and Guaranteeing Institution, transaction settlement is done with the counterparty Securities Company on a trade-for-trade basis.

44 Failed Delivery -
Securities Companies
This sub-account is used to record the Securities Company's charges to other Securities Companies that have matured and are not yet resolved, including:
a. charges to other Securities Companies in transactions not guaranteed by the Clearing and Guaranteeing Institution, among others:

due to the Securities Company failing to deliver securities to other Securities Companies, thereby delaying the Securities Company's right to receive funds; and/or
due to other Securities Companies failing to deliver funds to the Securities Company; and/or
b. charges for securities sales transactions of the Securities Company as a customer.

45 Commission Receivables
This sub-account is used to record commission charges to other Securities Companies for securities transactions, among others:
a. commissions from securities borrowing and lending activities; b. commissions from activities as securities sales agents in public offerings;
c. commissions from exchange member Securities Companies or regional Securities Company agents; and/or
d. commissions related to tender offer activities.

46 Advance Paid
Securities Order Funds
This sub-account is used when the Securities Company acts as a securities sales agent to record securities order funds in the primary market deposited by the sales agent to the Securities Underwriter.
This sub-account is used when the Securities Company records securities order funds in the primary market for its own interests deposited to the Securities Underwriter before the distribution date, which will be reclassified into the portfolio account on the distribution date, unless there is a refund. This sub-account is also used to record securities order funds already deposited to the lead underwriter before the distribution date (if not via e-IPO).

47 Underwriting
Issuance Activities
Receivables
This account is used to record charges arising from securities issuance underwriting activities.

48 Securities Issuance
Service Receivables
This sub-account is used to record charges to issuers for securities issuance underwriting services, among others, securities issuance underwriting commissions (underwriting fee).

49 Issuance Arranger
Service Receivables
This sub-account is used to record charges to securities issuers for securities issuance services, among others, limited public offerings (private placement).

50 Financial Advisory
Service Receivables
This sub-account is used to record charges to third parties related to financial advisory services.

51 Advance Payment
Costs - Securities
Underwriter
This sub-account is used to record the amount of receivables of the Securities Company to the issuer/securities issuer related to costs that are the responsibility of the prospective issuer/securities issuer, but are paid in advance by the Securities Company.

52 Investment Manager
Activities Receivables
This account is used to record charges related to the Securities Company's activities as an Investment Manager.

53 Management Fee
Receivables
This sub-account is used to record charges to investment products (mutual funds, real estate investment funds, etc.) for investment product management services managed by Investment Managers such as mutual funds, asset-backed securities, or bilateral and individual fund management.

54 Subscription Fee and Redemption Fee
Receivables
This sub-account is used to record charges for sales (subscription) and settlement (redemption) services.

55 Advance Payment
Costs – Investment
Manager
This sub-account is used to record charges for costs incurred by the Investment Manager in bilateral and individual fund management activities, but which are the customer's burden.

56 Other Securities
Sales Transaction
Receivables
This account is used to record charges arising from securities sales transactions where the counterparty is other than the Securities Company's customers, Clearing and Guaranteeing Institution, and other Securities Companies, such as:
a. sales of government securities and debt-type securities or other corporate sukuk where the counterparty is a bank or other financial institution, either over-the-counter or through alternative market organizers; and/or b. sales of securities for tender offerings, either for own interests or for customer interests. Bookkeeping is done from the transaction date until the maturity date, and if failure occurs on the maturity date, it is recorded in other financial assets. For securities sales transactions not guaranteed by the Clearing and Guaranteeing Institution, recording is done on a trade-for-trade basis.

57 Dividend and
Interest Receivables
This account is used to record dividend and interest charges related to securities or securities transactions owned by the Securities Company to third parties, among others:
a. dividends for shares (including dividends for shares currently lent to the Clearing and Guaranteeing Institution (manufactured dividend)); b. interest on debt-type securities and government debt securities; and/or
c. profit sharing for sukuk and state Islamic securities.

58 Securities Portfolio
This account is used to record the fair value of securities inventory according to the type of securities owned by the Securities Company.
For MKBD reporting purposes, ownership above 20% (twenty percent) of shares issued by a fixed issuer is recorded at fair market value, not using the equity method or consolidation.
Securities blocked or seized by law enforcement or competent authorities are subject to a 100% (one hundred percent) haircut.

59 Bank Indonesia
Certificates
This sub-account is used to record the fair value of Bank Indonesia certificates, determined using discounted value.

60 Government
Securities
This sub-account is used to record the fair market value of government securities issued by the Government of the Republic of Indonesia.
Its fair market value is determined with reference to reference prices issued by securities price rating institutions. In the event that there are government securities whose fair market value is not issued by a securities price rating institution, the fair market value is determined with reference to applicable financial accounting standards. Presentation in MKBD Reports For MKBD reporting purposes, government securities are grouped based on remaining time to maturity, consisting of:
a. 0-7 years; b. above 7 years up to 15 years; and
c. above 15 years.

64 Corporate Bonds,
Corporate Sukuk, or Fixed Cash Flow
Asset-Backed Securities
Recorded at
Indonesian Stock Exchange
This sub-account is used to record the fair market value of corporate bonds, corporate sukuk, or fixed cash flow asset-backed securities listed on the Indonesian Stock Exchange.
Its fair market value is determined with reference to reference prices issued by securities price rating institutions. In the event that its fair market value is not issued by a securities price rating institution, the fair market value is determined with reference to applicable financial accounting standards. Presentation in MKBD Reports For MKBD reporting purposes, this sub-account is grouped based on ratings issued by securities rating companies that have obtained business licenses from the Financial Services Authority, consisting of:
a. ratings equivalent to AAA; b. ratings equivalent to AA up to less than equivalent to AAA;
c. ratings equivalent to A up to less than equivalent to AA;
d. ratings equivalent to BBB- up to less than equivalent to A; and e. ratings less than equivalent to BBB-.
Securities rating information is obtained from publications by securities rating companies, either through newspapers or websites.
If there is a difference in ratings from 2 (two) securities rating companies, the rating used is the most recent rating issued by the securities rating company.
For corporate bonds, corporate sukuk, or fixed cash flow asset-backed securities resulting from public offerings (new IPO securities), since the recognition of the securities (since distribution), they are presented in this sub-account according to their rating group.

70 Equity-Type Securities or
Non-Fixed Cash Flow
Asset-Backed Securities
Listed on the
Indonesian Stock Exchange and
Mutual Funds Whose
Participation Units
Are Traded at the
Indonesian Stock Exchange
This sub-account is used to record the fair market value of equity-type securities or non-fixed cash flow asset-backed securities listed on the Indonesian Stock Exchange, mutual funds whose participation units are traded on the Indonesian Stock Exchange (exchange traded fund/ETF), real estate investment funds, infrastructure investment funds in the form of collective investment contracts, and structured warrants and other collective investment contracts or structured products traded on the Indonesian Stock Exchange. The fair market value of these securities is determined based on the closing price on the last day at the Indonesian Stock Exchange. Presentation in MKBD Reports For MKBD reporting purposes, this sub-account is grouped based on Haircut groups established by the Haircut Determination Committee of the Clearing and Guaranteeing Institution, consisting of:
a. Committee Haircut 5% and 10%; b. Committee Haircut 15% and 20%;
c. Committee Haircut 25%;
d. Committee Haircut 30%; e. Committee Haircut 35%; f. Committee Haircut 40%; g. Committee Haircut 45%; h. Committee Haircut 50%;
i. Committee Haircut 55% to 80%; and
j. Committee Haircut 85% to 100%.
Equity-type securities include securities of issuers dual-listed in Indonesia and abroad.
For equity-type securities or non-fixed cash flow asset-backed securities listed on the Indonesian Stock Exchange and mutual funds whose participation units are traded on the Indonesian Stock Exchange, since the recognition of the securities (since distribution), they are presented in this sub-account in the Committee Haircut 5% and 10% group. Since these securities are listed on the Indonesian Stock Exchange, the securities in question must be presented based on the group from the Committee Haircut. If there is a trading error in customer purchase transactions caused by the Securities Company, the Securities Company bears the transaction, and the purchased securities are recognized as a portfolio.

81 Equity-Type Securities
No Longer
Listed on the
Indonesian Stock Exchange
(Delisted)
This sub-account is used to record the fair value of equity-type securities no longer listed on the Indonesian Stock Exchange (delisted from the Exchange).
The fair value of these securities is determined by the Securities Company's accounting policy with reference to the fair value determination hierarchy of securities according to financial accounting standards.

82 Foreign Securities
This sub-account is used to record the fair market value of securities listed on foreign stock exchanges whose price information can be accessed through mass media or available internet facilities.
The fair market value of securities listed on foreign stock exchanges is determined based on the closing price at that foreign stock exchange.

83 Mutual Fund
Participation Units
This sub-account is used to record the Securities Company's ownership value of mutual fund participation units.
The fair market value is determined based on the net asset value of the mutual fund participation units owned, using the value from 2 (two) business days before the MKBD reporting date. For limited participation mutual funds, the last calculated net asset value price reported by the custodian bank is used. Example: for the MKBD report dated September 17 afternoon which must be submitted no later than September 18 morning, the net asset value data used is the data as of the end of September 16. For MKBD reporting purposes, this sub-account is grouped based on the type of mutual fund, consisting of mutual funds:
a. money market; b. protected;
c. guaranteed;
d. fixed income; e. mixed or equity; f. index; and g. limited participation.

91 Investments
Managed by
Companies
This sub-account is used to record the Securities Company's investment value in investment products managed by other Securities Companies (Investment Managers) through customer fund management schemes based on bilateral and individual fund management agreements by Investment Managers. Other Securities Fair value is determined based on the latest investment development report submitted by the Investment Manager.

92 Real Estate
Investment Fund
Participation Units
This sub-account is used to record the Securities Company's ownership value of real estate investment fund participation units and participation units of other investment products in the form of collective investment contracts that are not listed and traded on the Stock Exchange. The fair market value for real estate investment funds and participation units of other investment products in the form of collective investment contracts that are not listed and traded on the Stock Exchange uses the last calculated net asset value price reported by the custodian bank.

93 Option Contracts
This sub-account is used to record stock option contracts (KOS) traded on the Indonesian Stock Exchange.
Market price for option contracts is based on the premium transaction price for the series of KOS owned.

94 Futures Contracts
This sub-account is used to record futures contracts such as securities index futures contracts (KBIE) or individual stock futures contracts (KBSI) traded on the Indonesian Stock Exchange, namely profits resulting from the calculation of daily/final settlement prices (HPH/HPF) of KBIE are recorded as KBIE portfolio, and at the end of the day, market price adjustment (marked to market) is done using daily settlement prices or final adjustment prices.

95 Other Securities
Besides
Lines 59 to
94 That
Are Registered at
The Financial Services
Authority
This sub-account is used to record the fair market value of other securities registered at the Financial Services Authority.
The fair value of these securities is determined by the Securities Company's accounting policy with reference to the fair value determination hierarchy of securities according to financial accounting standards. Examples of these securities are securities of public companies not listed (listing) on the Indonesian Stock Exchange, debt-type securities issued not through public offerings in accordance with Financial Services Authority regulations, among others Medium Term Notes, securities issued through securities crowdfunding.

96 Securities Repo/
Lent/Pledged
This sub-account is used to record securities owned by the Securities Company that are reclassified because they are repo-ed, lent, and/or pledged to third parties. This sub-account consists of 3 (three) sub-sub accounts based on the type of securities used as collateral, namely:
a. government securities; b. corporate bonds or corporate sukuk; and
c. equity-type securities.
Securities in this sub-account are recorded at their fair market value and Haircut on the securities remains binding on those securities.

101 Other Financial
Assets
This account is used to record financial assets of the Securities Company that cannot be classified into the above financial asset type groups.

102 Receivables from
Other Special
Parties
This sub-account is used to record receivables from related (special) parties not related to securities or securities transactions.

103 Receivables from
Customer Account
Holders for
Securities Purchase
Transactions
Since Transaction
Settlement Date
This sub-account is used to record receivables from customer account holders for securities purchase transactions outside of transactions financed by the Securities Company through margin transaction financing facilities, since the transaction settlement maturity date (since T+2 for transactions in the regular market or other times for the negotiated market). This sub-account is a reclassification of receivables from customer account holders for securities purchase transactions outside of margin transactions that have passed their maturity period according to the explanation in the sub-sub account 'Securities Purchase Transactions' in line 34 above. The Securities Company must make efforts to close this position as soon as possible by conducting forced sell of the assets of the aforementioned customers within the time limits established in the standard operating procedures of the Securities Company's risk management function. Such reclassification is recorded at the end of the transaction settlement day, for example: for non-margin stock transactions in the regular market, at the end of day T+2 it is directly recorded in this sub-account. In the event that there is an excess financing value causing the financing ratio above the margin call and/or forced sell/buy as a result of customer collateral securities no longer meeting the criteria as financing collateral securities issued by the Stock Exchange, then a certain amount of that financing value is transferred to line 103, to then be resolved in accordance with the regulations.

If financing excess remains recorded in the debit balance account, the Securities Company must perform a margin call and/or forced sell/buy in accordance with applicable regulations.

104 Other Receivables
This sub-account is used to record receivables that cannot be grouped into the above receivables accounts, including penalties and compensation/premiums regarding the ownership of debt securities issued by debt security issuers.

105 Prepaid Taxes
This sub-account is used to record the value of prepaid taxes.

106 Prepaid Expenses
This sub-account is used to record the value of prepaid expenses.

107 Other Collateral
This sub-account is used to record the value of collateral other than for transaction settlement purposes, such as building deposits, electricity, water, telephone, and so on.

108 Long-Term Investments
This account is used to record investments intended to be held by the company for a period of more than 12 (twelve) months, including intangible assets and investments in associate entities, such as participation in the Stock Exchange, participation in the Clearing and Guarantee Institution, participation in companies not listed on the Stock Exchange, and other long-term investments. For MKBD reporting purposes, ownership values of subsidiaries are recorded according to the cost method.

109 Fixed Assets
This account is used to record the acquisition cost of the Securities Company's fixed assets after deducting accumulated depreciation, except for land and assets under construction.
Fixed assets are tangible assets obtained in ready-to-use form, whether through purchase, obtained through donation, or built first, used in the company's business activities and not intended for sale in the company's normal operations, and having a useful life of more than 1 (one) year.

110 Deferred Tax Assets
This account is used to record the value of the Securities Company's deferred tax assets.

111 Other Assets
This account is used to record assets that cannot be classified into the above asset groups. This account includes:
a. fixed assets no longer in use; b. assets from business segments that management has decided to discontinue or sell;
c. other assets presented at recorded value, i.e., acquisition cost after deducting amortization and impairment costs (if any, there are amortization and impairment costs);
d. right-of-use assets; for MKBD purposes, the value of right-of-use assets is recorded net-off with the value of the related lease liability for the right-of-use asset; e. debt securities with a term of less than one year regulated by other authorities, such as commercial papers (SBK) and negotiable certificates of deposit (NCD); and f. foreign securities not listed on foreign stock exchanges.

II. Trial Balance Report Form - Liabilities and Equity (Form 2)

No. Line
Account Name / Sub-Account Explanation

122 Short-Term Liabilities
This account is used to record:
a. loan balances that will mature within 1 (one) year or less; and b. the portion of long-term loans that will mature within 1 (one) year, equal to the principal loan amount.
Types of short-term liabilities include:
a. loans from banks; b. loans from non-bank financial institutions; or
c. funding from securities financing institutions for margin transactions and/or short sales to the Securities Company's clients.

123 Short-Term Debt Securities
This account is used to record the nominal value of debt securities issued by the Securities Company that will mature within a period of 1 (one) year or less, such as medium-term notes, commercial paper, promissory notes, commercial securities, and similar instruments.

124 Repo Liabilities
This account is used to record liabilities regarding the promise to repurchase repo securities in recognized repo transactions.
The recognized liability amount is equal to the sales value plus the repo rate (the difference with the repurchase price of the repo securities) periodically, at most monthly.
This account can also be used if the Securities Company performs a re-repo on repo securities, in the case of conducting a repo (sale) transaction using repo securities received from a previous repo seller. This account consists of 3 (three) sub-accounts based on the type of securities being repoed, namely:
a. government securities repo; b. corporate bonds or sukuk repo; and
c. equity securities repo.

128 Clearing and Guarantee Institution Liabilities This account is used to record obligations to the Clearing and Guarantee Institution that have not yet matured in connection with stock exchange transactions whose settlement is guaranteed by the Clearing and Guarantee Institution and securities lending/borrowing through the Clearing and Guarantee Institution.

129 Stock Exchange Transaction Liabilities
This sub-account is used to record obligations to the Clearing and Guarantee Institution for purchase transactions conducted by the Securities Company, both for its own interests and for its clients' interests. The amount presented is in accordance with the netting value presented in the clearing results list. Recording liabilities and receivables with the Clearing and Guarantee Institution arising from stock exchange transactions guaranteed by the Clearing and Guarantee Institution is done via netting for transactions with settlement due on the same day. In the event that the Stock Exchange and Clearing and Guarantee Institution determine that transactions are separated, the obligation value to the Clearing and Guarantee Institution in this account is reclassified to the 'Other Securities Company Liabilities' account under the 'Securities Purchase Transactions' sub-account at line 141, equal to the separated transaction value per transaction (trade per trade), until there is a decision from the Otoritas Jasa Keuangan that separated transactions are or are not guaranteed by the Clearing and Guarantee Institution. If the transaction is determined to be guaranteed, the recording is returned to this account.

130 Commission Liabilities
This sub-account is used to record obligations arising from services provided by the Clearing and Guarantee Institution.
For example, fees for securities lending through the Clearing and Guarantee Institution, including obligations for manufacturing dividends attached to the lent securities.

131 Client Liabilities
This account is used to record obligations to clients.

132 Client Account Holder Liabilities
This sub-account is used to record obligations to clients who are account holders of securities accounts.
Client liabilities for securities account holders are grouped into 2 sub-sub-accounts, namely:
a. securities sale transactions; and b. credit balances.
Recording liabilities and receivables with clients arising from stock exchange transactions in the regular market is done via netting for each client with settlement due on the same day. Netting can be done at the single investor identity number or client code level, with the condition that it is done consistently. For liabilities and receivables with clients arising from stock exchange transactions in the negotiated market, or at alternative market organizers/over-the-counter and not guaranteed by the Clearing and Guarantee Institution, recording is done per transaction (trade for trade). In the event that the Stock Exchange and Clearing and Guarantee Institution determine that transactions are separated, recording liabilities and receivables with clients arising from stock exchange transactions in the regular market is not done via netting.

133 Securities Sale Transactions
This sub-sub-account is used to record obligations to clients who are account holders from sale transactions that have not yet matured (T+0 to T+1 for the regular market or other times for the negotiated market) and liabilities for sale transactions of debt securities over-the-counter or through alternative market organizers. Recording liabilities and receivables with clients arising from stock exchange transactions in the regular market is done via netting for each client with settlement due on the same day. This sub-sub-account is used to record funds borrowed by the Securities Company from clients based on specific separate lending agreements in accordance with Otoritas Jasa Keuangan regulations regarding internal control of Securities Companies conducting business as Securities Trading Intermediaries.

134 Credit Balances
This sub-sub-account is used to record funds borrowed by the Securities Company from clients based on specific separate lending agreements in accordance with Otoritas Jasa Keuangan regulations regarding internal control of Securities Companies conducting business as Securities Trading Intermediaries.

135 Institutional Client Liabilities
This sub-account is used to record the Securities Company's obligations to clients who are other Securities Companies, banks, insurance companies, pension funds, or other financial institutions, where such clients do not open securities accounts at the Securities Company. This sub-account is grouped into 2 sub-sub-accounts, namely:
a. securities sale transactions; and b. failure to receive – institutional clients.
Recording liabilities and receivables with institutional clients arising from stock exchange transactions in the regular market is done via netting for each client with settlement due on the same day. Netting can be done at the single investor identity number or client code level, with the condition that it is done consistently. Specifically for Investment Manager clients for mutual funds and other collective investment contracts, as well as portfolio management contracts for individual clients, liabilities are recorded per mutual fund or per contract (no netting is done for Investment Managers). For liabilities and receivables with clients arising from stock exchange transactions in the negotiated market, or at alternative market organizers/over-the-counter and not guaranteed by the Clearing and Guarantee Institution, recording is done per transaction (trade for trade). In the event that the Stock Exchange and Clearing and Guarantee Institution determine that transactions are separated, recording liabilities and receivables with clients arising from stock exchange transactions in the regular market that are separated transactions is done per transaction (trade for trade) until there is a decision from the Otoritas Jasa Keuangan that separated transactions are or are not guaranteed by the Clearing and Guarantee Institution.

136 Securities Sale Transactions
This sub-sub-account is used to record obligations to institutional clients for sale transactions not yet completed by the Securities Company because they have not yet matured (T+0 to T+1 for the regular market, or other times for the negotiated market and for sale transactions of debt securities over-the-counter or through alternative market organizers).

137 Failure to Receive – Institutional Clients This sub-sub-account is used to record:
a. obligations arising from institutional clients failing to deliver securities to the Securities Company, thereby delaying the right to receive funds; and/or b. obligations arising from the Securities Company failing to receive funds from the counterparty on the settlement due date for transactions not guaranteed by the Clearing and Guarantee Institution.

138 Other Securities Company Liabilities
This account is used to record the Securities Company's obligations to other Securities Companies in the course of Securities Trading Intermediary activities.
This account is grouped into 5 sub-accounts, namely:
a. collateral for securities lending; b. collateral from non-clearing member Securities Companies;
c. securities purchase transactions;
d. failure to receive - Securities Companies; and e. commission liabilities.

139 Collateral for Securities Lending
This sub-account is used to record the value of collateral received from other Securities Companies as collateral for securities lending (the Securities Company acts as the lender).

140 Collateral from Non-Clearing Member Securities Companies This sub-account is used to record obligations to non-clearing member Securities Companies for funds submitted as collateral to clearing member Securities Companies. Example: cash deposits received by stock exchange member Securities Companies from non-stock exchange member Securities Companies or from regional Securities Companies.

141 Securities Purchase Transactions
This sub-account is used to record the Securities Company's obligations to other Securities Companies that have not yet matured, including:
a. for securities purchase transactions not guaranteed by the Clearing and Guarantee Institution, including the purchase of government securities and debt securities and corporate sukuk over-the-counter or through alternative market organizers, mutual fund participation units, and other collective investment contracts; or b. for securities purchase transactions by the Securities Company as a client. For liabilities and receivables with other Securities Companies regarding securities not guaranteed by the Clearing and Guarantee Institution, recording is done per transaction (trade for trade). This sub-account is also used to record purchase transactions conducted by the Securities Company, both for clients' interests and for its own interests, which are designated by the Stock Exchange and Clearing and Guarantee Institution as separated transactions, from the announcement of separated transactions until there is a decision from the Otoritas Jasa Keuangan that separated transactions are or are not guaranteed by the Clearing and Guarantee Institution. If the decision from the Otoritas Jasa Keuangan is that separated transactions are guaranteed by the Clearing and Guarantee Institution, this account is reclassified to the 'Clearing and Guarantee Institution Liabilities' account under the 'Stock Exchange Transaction Liabilities' sub-account at line 129, equal to the value of separated transactions guaranteed by the Clearing and Guarantee Institution, and settlement is done via netting. If the decision from the Otoritas Jasa Keuangan is that separated transactions are not guaranteed by the Clearing and Guarantee Institution, transaction settlement is done with the Securities Company that is the counterparty per transaction (trade per trade).

142 Failure to Receive - Securities Companies
This sub-account is used to record the Securities Company's obligations to other Securities Companies that have matured and not yet completed, including:
a. obligations to other Securities Companies in transactions not guaranteed by the Clearing and Guarantee Institution, including:

due to the Securities Company failing to deliver funds to other Securities Companies, thereby delaying the right to receive securities; and/or
due to other Securities Companies failing to deliver securities to the Securities Company; and/or
b. obligations for securities purchase transactions by the Securities Company as a client.

143 Commission Liabilities
This sub-account is used to record commission liabilities to other Securities Companies for securities transactions, such as commissions arising from securities lending activities, partnership activities with non-stock exchange member Securities Companies, and activities as securities selling agents.

144 Underwriting Activities Liabilities
This account is used to record obligations arising from securities issuance underwriting activities. This account is grouped into 2 sub-accounts, namely:
a. liabilities in the context of public offerings/limited offerings, consisting of sub-sub-accounts, namely:

liabilities to general clients and other clients who are not account holders who have placed order funds for securities at the Securities Company;
liabilities to issuers; and
liabilities to security issuers; and
b. securities issuance service liabilities.

145 Liabilities in the Context of Public/Limited Offerings This account is used to record liabilities in the context of public offerings/limited offerings to issuers and/or security issuers.

146 General Clients and Other Clients Who Are Not Account Holders This sub-sub-account is used to record order funds for securities during public offerings and limited offerings, including institutional clients placing order funds at the beginning in the Securities Company's account and recorded as segregated funds (Db). Order funds from clients placed in client accounts and/or sub-accounts for securities in the name of each client are recorded off balance sheet.

147 Issuer Liabilities
This sub-sub-account is used to record the Securities Company's obligations to the issuer to deliver a certain amount of funds from the sale of the issuer's securities from allocation to distribution of securities.

148 Liabilities to Security Issuers
This sub-sub-account is used to record the Securities Company's obligations to the issuer to deliver a certain amount of funds from the sale of the issuer's securities.

149 Securities Issuance Service Liabilities
This sub-account is used to record the Securities Company's obligations to other Securities Companies in the context of services related to securities issuance underwriting, such as underwriting fees to syndicate participants for securities issuance underwriting and selling fees to selling agents.

150 Investment Manager Activities Liabilities
This account is used to record obligations related to the Securities Company's activities as an Investment Manager.

151 Selling Agent Commission Liabilities
This sub-account is used to record the portion of selling agent fees that have not yet been paid.

152 Other Securities Purchase Transaction Liabilities This account is used to record liabilities arising from securities purchase transactions where the counterparty is other than the Securities Company's clients, the Clearing and Guarantee Institution, and other Securities Companies, such as the purchase of government securities and debt securities or other corporate sukuk where the counterparty is a bank or other financial institution, either over-the-counter or through alternative market organizers, and accounting is done from the transaction date until the maturity date, and if failure occurs on the maturity date, it is recorded in other financial assets. For securities purchase transactions not guaranteed by the Clearing and Guarantee Institution, recording is done per transaction (trade for trade).

153 Short Position Liabilities - Own
This account is used to record the value of securities that have been sold but not yet owned, for the interests of the Securities Company in accordance with Otoritas Jasa Keuangan regulations regarding financing of securities transactions by Securities Companies for clients and short selling transactions by Securities Companies, including short selling transactions by Securities Companies as liquidity providers. This account is also used to record when securities received in repo transactions are sold (short position). These securities are recorded according to their fair market value.

154 Government Securities
This sub-account is used to record the fair market value of short position securities that are government securities issued by the government.
Their fair market value is determined by referring to reference prices issued by securities valuation agencies.

155 Debt Securities Listed on the Stock Exchange in Indonesia This sub-account is used to record the fair market value of short position securities that are corporate bonds, corporate sukuk, or cash flow-secured assets listed on the Stock Exchange in Indonesia. Their fair market value is determined by referring to reference prices issued by securities valuation agencies.

156 Equity Securities Listed on the Stock Exchange in Indonesia, or Mutual Funds with Participation Units Traded on the Stock Exchange in Indonesia This sub-account is used to record the fair market value of short position securities that are equity securities or non-fixed cash flow-secured assets listed on the Stock Exchange in Indonesia and mutual funds with participation units traded on the Stock Exchange in Indonesia. Their fair market value is determined based on the closing price on the last day at the Stock Exchange.

157 Other Securities Registered with the Otoritas Jasa Keuangan This sub-account is used to record the fair market value of short position securities that are other securities registered with the Otoritas Jasa Keuangan.

158 Foreign Securities
This sub-account is used to record the fair market value of short position securities that are securities listed on foreign stock exchanges, the price information of which can be accessed through media or internet facilities available. The fair market value of securities listed on foreign stock exchanges is determined based on the closing price at that foreign stock exchange.

159 Other Short-Term Liabilities
This account is used to record the Securities Company's obligations to third parties that cannot be classified into the above liability groups. This account includes:
a. tax liabilities and deferred tax liabilities; b. accrued expenses;
c. transaction costs (levy) liabilities to the Stock Exchange;
d. transaction costs (levy) liabilities to the Clearing and Guarantee Institution; e. transaction costs (levy) liabilities to the Clearing and Guarantee Institution; f. deferred revenue; g. dividend and interest liabilities; and h. wage liabilities.

160 Long-Term Liabilities
This account is used to record the Securities Company's obligations to third parties that mature more than 1 (one) year.
This account includes, among others, bank and financial institution liabilities that mature within a period of more than 1 (one) year.

161 Bond Liabilities
This account is used to record liabilities caused by the issuance of debt securities and sukuk by the Securities Company, including bonds that can be converted into company shares in the future, sukuk, and medium-term notes. This account is presented at nominal value after considering the amortization of premium or discount.

162 Other Liabilities
This account is used to record obligations that cannot be reasonably classified into any of the above liability accounts.
This account includes, among others:
a. liabilities to other related parties; b. finance lease liabilities. For MKBD purposes, this records the value of lease liabilities net-off with the value of the related right-of-use assets for the right-of-use assets;
c. tender offer liabilities;

d. secondary market transaction funds from institutional clients received in advance; e. obligations of the Securities Company as an issuer of structured warrants and additional structured warrants; f. uncommitted capital deposits; and g. employee benefit liabilities.

163 Subordinated Liabilities
This account is used to record loans obtained based on a subordination agreement in accordance with Otoritas Jasa Keuangan regulations regarding the main provisions of subordinated loan agreements for Securities Companies. Subordinated loans can be recorded in this account after receiving approval from the Clearing and Guarantee Institution, including having been reported to the Clearing and Guarantee Institution if there is an extension of the agreement term, or if there is partial repayment.

166 Equity Attributable to Parent Entity Owners This account is used to record equity attributable to parent entity owners, including:
a. share capital; b. additional paid-in capital;
c. differences in transactions with non-controlling parties;
d. treasury shares; e. retained earnings; and f. other equity components (other comprehensive income).
Explanations of items in letters a to f refer to the Otoritas Jasa Keuangan Circular regarding accounting treatment guidelines for Securities Companies.

171 Non-Controlling Interests
This account is used to record minority ownership rights of the Securities Company.

III. Net Working Capital Report Form (Form 3)

No.	Row	Liabilities Explanation
9	Reverse Repurchase Agreement (Reverse Repo) over Government Securities	Ranking Liabilities for reverse repo transactions with government securities as the repo instrument are the shortfall between the market value of the repo instrument after haircut, and the minimum required repo instrument value, which is 105% (one hundred five percent) of the repurchase value stated in the repo contract. The Ranking Liabilities value for this reverse repo transaction is adjusted (mark to market) for the market value of the repo instrument daily.

For the purpose of calculating Net Working Capital (NWC), the haircut used to calculate Ranking Liabilities refers to the NWC haircut. In the event that the receivable from the repo transaction has its repo instrument blocked, seized, and/or suspended for an extended period, the repo instrument is subject to a 100% (one hundred percent) haircut.

Illustration of Ranking Liabilities calculation for government securities reverse repo transaction:
Securities Company ABC conducts a reverse repo worth Rp90 billion with government securities (SUN FR001) worth Rp100 billion as the repo instrument, with counterparty Securities Company XYZ. The agreed reverse repo contract value, serving as the repurchase value of the SUN FR001 repo instrument, is Rp100 billion. The haircut on FR001 is 0.050.

Calculation of Ranking Liabilities:
Minimum repo instrument value = 105% x repurchase value = 105% x Rp100 billion = Rp105 billion

Ranking Liabilities value = Minimum repo instrument value – Market value of repo instrument after haircut = Rp105 billion – (Rp100 billion x (1-0.050)) = Rp 105 billion - 95 billion = Rp 10 billion

The repo instrument value is marked-to-market daily, so if on day 10 the market value of the SUN FR001 after haircut rises to Rp106 billion, the market value of the repo instrument after haircut exceeds the minimum repo instrument value (105 billion), so the Ranking Liabilities value becomes 0.

No.
Row
Liabilities Explanation
27. Mutual Fund Securities If a Securities Company holds Mutual Fund Securities where the individual value exceeds a certain limit of the total net asset value of that mutual fund, the excess must be added as Ranking Liabilities. The specific limits established are for mutual funds:
a. money market is 50% (fifty percent); b. protected is 50% (fifty percent);
c. guaranteed is 50% (fifty percent);
d. fixed income is 40% (forty percent); e. mixed or equity is 25% (twenty-five percent); f. index is 25% (twenty-five percent); and g. limited participation is 25% (twenty-five percent), of the Net Asset Value of that Mutual Fund. The calculation of the concentration risk of Mutual Fund Securities is prepared with reference to the form regarding the calculation of the concentration risk of Mutual Fund Securities. 28 Concentration Risk of Transaction Settlement Financing to One Client or Several Clients Who Have Affiliation Relationships If a Securities Company provides transaction settlement financing to one client or several clients who have affiliation relationships with each other, where the value of the financing exceeds 10% (ten percent) of the total financing value, the excess must be added as Ranking Liabilities. The total financing used refers to the previous one-day period. This provision applies to Securities Companies that provide transaction settlement financing to at least 10 (ten) clients who do not have affiliation relationships with each other.

No.
Row
Liabilities Explanation
29 Excess Margin Financing against Collateral Financing If a Securities Company provides transaction settlement financing for Securities for each individual client where the value of the financing is more than 80% (eighty percent) of the value of the financing collateral for margin transactions, the excess financing must be added as Ranking Liabilities. The calculation of Ranking Liabilities is in line with the regulations of the Financial Services Authority in the Financial Services Authority regulation regarding Securities transaction financing by Securities Companies for clients and short selling transactions by Securities Companies, where if the financing value has reached 80% (eighty percent) of the financing collateral value, the Securities Company, with or without notification to the client, must immediately sell the Securities in the financing collateral through a sell offer so that the financing value does not exceed 65% (sixty-five percent) of the financing collateral value. Calculation example:
Securities Company ABCD provides margin facilities to 4 clients with the following details:
Client Financing Value Collateral Financing Value Collateral Shortfall Value (NP-(80%*NJP)) A 1,000,000,000 1,500,000,000 0 B 500,000,000 800,000,000 0 C 500,000,000 600,000,000 20,000,000 D 2,000,000,000 2,000,000,000 400,000,000 Total 4,000,000,000 4,900,000,000 420,000,000 With the financing value and financing collateral value details as in the table above, the Ranking Liabilities value that must be recorded by Securities Company ABCD is Rp420 million. 30 Collateral Shortfall for Short Selling Positions If a Securities Company provides transaction settlement financing for Securities for each individual client where the value of the collateral is less than 120% (one hundred twenty percent) of the fair market value of the Securities in the short position for short selling transactions, the collateral shortfall value must be added as Ranking Liabilities.

No.
Row
Liabilities Explanation
Short Selling Positions
The calculation of Ranking Liabilities is in line with the regulations of the Financial Services Authority in the Financial Services Authority regulation regarding Securities transaction financing by Securities Companies for clients and short selling transactions by Securities Companies, where if the collateral value is less than 120% (one hundred twenty percent) of the fair market value of the Securities in the short position, the Securities Company must immediately buy the Securities in the short position evidenced by making a buy offer so that the financing collateral value is not less than 135% (one hundred thirty-five percent) of the fair market value of the Securities in the short position. Calculation example:
Securities Company ABCD provides margin facilities to 4 clients with the following details:
With the details of the Securities value in the short position and financing collateral value as in the table above, the Ranking Liabilities value that must be recorded by Securities Company ABCD is Rp350 million. Client Securities Value in Short Position Financing Collateral Value Collateral Shortfall Value (NEPS-(NJP/120%)) A 1,000,000,000 1,500,000,000 0 B 500,000,000 800,000,000 0 C 550,000,000 600,000,000 50,000,000 D 1,800,000,000 1,800,000,000 300,000,000 Total 3,850,000,000 4,900,000,000 350,000,000

IV. Mutual Fund Concentration Risk Calculation Form (Form 4)
A Type of Mutual Fund
Mutual fund types are classified into 7 categories, namely:
a. money market; b. protected;
c. guaranteed;
d. fixed income; e. mixed or equity; f. index; and g. limited participation.
B Mutual Fund Name
Filled with the mutual fund name according to the International Securities Identifying Number issued by the Insurance and Settlement Agency.
C Affiliated/Not Affiliated

Filled with “Affiliated” if the Investment Manager issuing the mutual fund is an affiliated party with the Securities Company.
Filled with “Not Affiliated” if the Investment Manager issuing the mutual fund is not an affiliated party with the Securities Company.
D Net Asset Value of Mutual Fund Participation Units Owned Filled with the total net asset value of mutual fund participation units owned by the Securities Company.
The net asset value data used for the MKBD report is the net asset value data 2 (two) days before the MKBD report date, or the last calculated net asset value price reported by the custodian bank for limited participation mutual funds and mutual funds whose net asset values are not issued daily (example: for an MKBD report dated September 17 afternoon, it must be submitted at the latest on September 18 morning, the net asset value data used is the data as of the end of September 16). E Net Asset Value per Mutual Fund Filled with the total net asset value of the mutual fund in column B that has been issued by the Investment Manager issuing the mutual fund. This total net asset value data can be obtained from the custodian bank where the mutual fund is stored or the Investment Manager issuing the mutual fund. The net asset value data used for the MKBD report is the net asset value data 2 (two) days before the MKBD report date, or the last calculated net asset value price reported by the custodian bank for limited participation mutual funds and mutual funds whose net asset values are not issued daily (example: for an MKBD report dated September 17 afternoon, it must be submitted at the latest on September 18 morning, the net asset value data used is the data as of the end of September 16). F Calculation of Ranking Liabilities This column contains an explanation of the calculation method for Ranking Liabilities related to the concentration risk of Securities in the form of mutual fund participation units held by the Securities Company. If a Securities Company holds Securities in the form of mutual fund participation units where the individual value exceeds a certain limit of the total net asset value of that mutual fund, the excess must be added as Ranking Liabilities. The specific limits established are for mutual funds:
a. money market is 50% (fifty percent); b. protected is 50% (fifty percent);
c. guaranteed is 50% (fifty percent);
d. fixed income is 40% (forty percent); e. mixed or equity is 25% (twenty-five percent); f. index is 25% (twenty-five percent); and g. limited participation is 25% (twenty-five percent), of the net asset value of that mutual fund. G Limits That Can Be Owned for MKBD This is the limit value of mutual fund participation units that can be owned by the Securities Company for the purpose of the MKBD report. If this value is exceeded, the Securities Company will be subject to Ranking Liabilities equal to the excess. This value is calculated by multiplying the total net asset value in column E by the percentage limit of mutual fund participation units stated in column F. Calculation example:
The total net asset value of fixed income mutual fund ABC is Rp20 billion, so the limit that can be owned by the Securities Company is Rp8 billion (40% x Rp20 billion).
H Excess Above Limit (Column D - Column G)
The calculation of the Ranking Liabilities value for the concentration risk of mutual fund participation unit Securities, namely by comparing the net asset value of the mutual fund owned by the Securities Company (column D) with the limit that can be owned for MKBD (column G). If the net asset value of the mutual fund owned by the Securities Company is higher than the limit value that can be owned for MKBD, the excess will become Ranking Liabilities. The total calculation result of the concentration risk of mutual fund Securities will become the reference value for Ranking Liabilities on form 3 line 27 column B.

V. Form for Reporting Haircut Returns on Hedged Securities Portfolios (Form 5)
A Securities Name Code for Securities owned (long position) or Securities that must be delivered (short position) whose market risk has been closed with hedging.
B Securities Value Fair market value of all Securities owned (long position) or Securities that must be delivered (short position) whose market risk has been closed with hedging.
C Hedging Securities Name Code for hedging Securities in the form of options derivative contracts or index futures contracts over Securities that close the risk of changes in the fair market value of Securities owned (long position) or Securities that must be delivered (short position). D Hedging Securities Value Fair value of hedging Securities in the form of options derivative contracts or index futures contracts over Securities owned by the Securities Company. E Securities Value Closed with Hedging Portion of the fair market value of Securities owned (long position) whose market risk is closed with hedging. Example:
If a Securities Company owns 1,000 shares of ABCD stock with a price of 100, and has an options contract to sell 500 shares of ABCD stock at a price of 110, then the portion of the value of Securities closed with hedging is the number of long position Securities shares closed with hedging Securities multiplied by its fair market price or 500 shares x Rp100 = 50,000. F Haircut Value of Securities Closed with Hedging The Haircut value of Securities closed with hedging transactions is a specific percentage that serves as a reduction factor for the fair market value of Securities (Haircut) of long position Securities multiplied by the value of Securities closed with hedging (Haircut x column E). G Haircut Value of Hedging Securities The Haircut value of hedging Securities in the form of options derivative contracts or index futures contracts over Securities that close the market risk of long position Securities or short position Securities. If the volume portion of derivative Securities owned by the Securities Company exceeds the volume of long position Securities or short position Securities, the value stated in this column is only equal to the volume portion of long position Securities or short position Securities. H Total Haircut Return (Column F + Column G) The Haircut value of Securities closed with hedging plus the Haircut value of hedging Securities (column F plus column G).

VI. Auxiliary Funds Ledger Report Form (Form 6)
No.
Balance on Debit Side Auxiliary Funds Ledger (fund ownership) 8 Funds Owned by Securities Company This account is used to record funds owned by the Securities Company, whether stored in banks in the name of the Securities Company or in the main Securities account (REU) 001 at the Settlement and Custody Agency, including in the CeBM account. The amount of funds in this account is reflected in the cash and cash equivalents amount and the amount of funds reclassified to other financial assets caused by checking or deposit accounts authorized by unauthorized parties on form 1 regarding the daily trial balance report - assets. 9 Funds Owned by Client Account Holders This account is used to record funds owned by client account holders. Client funds are stored in bank accounts in the name of each client or in client Securities sub-accounts at the Settlement and Custody Agency, including in the CeBM account, covering free client funds and pledged funds. 10 Free Funds This sub-account is used to record free client funds that can be withdrawn by the client account holder at any time. This sub-account must present information on the amount of affiliated client funds and non-affiliated client funds. 11 Pledged Funds This sub-account is used to record client funds bound by certain obligations, including obligations for Securities transaction settlement. Funds for fulfilling client pool/fixed orders (e-IPO) placed by system participants, members of the exchange, in client Securities sub-accounts (SRE) 004 (already transferred from client funds accounts, but not yet allocated), can be recorded in this account.

No.
This sub-account must present information on the amount of affiliated client funds and non-affiliated client funds.
12 General Client Funds and Other Clients Who Are Not Account Holders This account is used to record funds for ordering Securities during initial public offering (IPO).
13 Securities Ordering Funds This sub-account is used to record Securities ordering funds from client account holders, general clients, and/or institutional clients during initial public offering (IPO). This sub-account must present information on the amount of affiliated client funds and non-affiliated client funds. 14 Positive Fund Difference This account is used to record fund differences arising, among others, due to excesses in reconciling the amount of funds in bank accounts with fund records at the Securities Company. The Securities Company must immediately conduct examinations and take necessary actions to find the cause and resolve the fund differences that occur. Balance on Credit Side Auxiliary Funds Ledger (fund location) This account is used to record funds under the direct control of the Securities Company, which are distinguished into:
a. owned funds are funds owned by the Securities Company itself, separated from client funds; b. segregated funds are funds under the control of the Securities Company owned by clients and not currently pledged to the Securities Company; or
c. unsegregated funds are funds owned by clients and currently pledged to the Securities Company, or bound by settlement transaction obligations, or in the administrative process at the issuer or securities administration agency issued or confirmed within 5 (five) working days.
17 Funds Stored in Working Units That Perform Accounting Functions This account is used to record funds owned by the Securities Company that are stored or accounted for by working units performing accounting functions, including petty cash. 18 Funds Stored in Banks and/or Securities Accounts at the Settlement and Custody Agency This account is used to record funds stored in banks in the name of the Securities Company and/or withdrawal authority and use of funds in bank accounts are in the hands of the Securities Company. Bank accounts consist of:

bank accounts in the name of the Securities Company itself.
bank accounts in the name of client account holders authorized to the Securities Company.
bank accounts in the name of the Securities Company or joint bank accounts between the Securities Company and the issuer to accommodate ordering funds in the primary market (initial public offering - IPO), where the usage authority is in the hands of the Securities Company as an Underwriter of Securities Issuance.
client funds stored in client Securities sub-accounts and Securities Company funds stored in Securities accounts are also recorded in this account.
19 Funds Owned by Securities Company
This sub-account is used to record funds owned by the Securities Company stored in bank accounts in the name of the Securities Company or in Securities accounts at the Settlement and Custody Agency, including in the CeBM account. 20 Funds Owned by Client Account Holders This sub-account is used to record funds owned by client account holders stored in bank accounts in the name of the client account holder authorized to the Securities Company or stored in client Securities sub-accounts in the name of the client at the Settlement and Custody Agency, including

No. in the CeBM account or stored in other locations permitted by regulations (e.g., checking accounts for certain reasons with the approval of the authority).
21 General Client Funds
This sub-account is used to record funds related to securities issuance underwriting activities stored in bank accounts in the name of the Securities Company or joint bank accounts between the Securities Company and the issuer to accommodate ordering funds in the primary market (IPO), where the usage authority is in the hands of the Securities Company as an Underwriter of Securities Issuance. 22 Negative Fund Difference This account is used to record fund differences arising, among others, due to excesses in reconciling the amount of funds in bank accounts with fund records at the Securities Company. The Securities Company must immediately conduct examinations and take necessary actions to find the cause and resolve the fund differences that occur. 24 Details of Balances for Each Bank Account The details of balances for each bank account must detail:

details of balances of funds owned by the Securities Company itself per bank account;
summary of bank accounts for total client account holder funds for each bank per currency type.
The bank name column is filled with the bank code.
Funds stored in CeBM use Code 900.
The own/client column is filled with “S” for funds owned by the Securities Company and “N” for funds owned by clients.
The account number column is filled with the account number of the Securities Company at the relevant bank or the Securities account number at the Settlement and Custody Agency if the fund balance belongs to the Securities Company, and filled with “nil” for funds owned by clients. The currency column is filled with the currency code of the funds stored in that bank, e.g., IDR for funds in Rupiah currency, and USD for funds in US Dollars.

No.
The balance column is filled with the end-of-day balance value for funds stored in that bank.
The Rupiah balance column is filled with the end-of-day balance value after being converted to Rupiah currency using the Bank Indonesia middle exchange rate on that day.

VII. Auxiliary Securities Ledger Report Form (Form 7)
No.
Row
Account Name / Subaccount Name Explanation
Balance on Debit Side Auxiliary Securities Ledger (showing ownership of Securities) 8 Reverse Repo Securities This account is used to record the fair market value of Securities received by the Securities Company in repo transactions (resulting in a transfer of Securities location/transferred from the party conducting the repo to the Securities Company’s Securities account) based on recognized repo agreements. Securities received in repo transactions (reverse repo Securities) that are in a suspended state are still recorded in this account until replacement and/or accelerated settlement (termination) is carried out. If a default occurs, Securities received in repo transactions (reverse repo Securities) can be recorded as portfolio Securities or pledged Securities. 9 Securities Company Portfolio (Long Position) This account is used to record the fair market value of Securities owned by the Securities Company, whether it is the company’s original portfolio, orders for warehousing using a single investor identification number of the Securities Company, and Securities from other purchase transactions using a single investor identification number of the Securities Company. The value presented in this account must be the same as that presented in the portfolio account on form 1 regarding the daily trial balance report - assets). 10 Securities in Client Securities Accounts (Long Position) This account is used to record the fair market value of Securities owned by clients, distinguished into 2 (two) types, namely free Securities and collateral Securities. 11 Free Securities Free Securities are Securities recorded as long position client Securities accounts in the Auxiliary Securities Ledger that are in excess of client collateral Securities and can be withdrawn by clients from Securities accounts at any time. This sub-account is used to record the fair market value of free Securities owned by clients. In the event of Securities sales transactions, free Securities decrease on the transaction date when transferred to the collateral Securities sub-account line 12 below, while for Securities purchase transactions, free Securities increase on the settlement date. This sub-account must present information on the fair market value of long position Securities for affiliated clients and non-affiliated clients. 12 Collateral Securities Collateral Securities are Securities recorded as long position client Securities accounts in the Auxiliary Securities Ledger that are not free Securities. This sub-account is used to record the fair market value of client Securities held as collateral for open order settlement and other client obligations. The determination of collateral Securities is carried out according to the risk management calculation of the Securities Company applied consistently. This sub-account must present information on the fair market value of long position Securities for affiliated clients and non-affiliated clients. Securities used as collateral cannot
be used as objects for other transactions. 13 Securities Purchase Transactions for Client Account Holders This account is used to record the purchase value of Securities conducted by the Securities Company for the benefit of client account holders. Securities purchases for the benefit of client Securities accounts must be booked into the sub-account for securities purchase transactions for client account holders on the transaction date and transferred to the client long position account on the settlement due date.

14 Securities Owned by the Company
Other Securities
This account is used to record the fair market value of Securities owned by the Company and held by other Securities Companies.

15 Securities Borrowed from Other Companies
Other Securities
This sub-account is used to record the fair market value of Securities borrowed from other Securities Companies.

16 Sale Transaction Securities
This sub-account is used to record the fair market value of Securities that must be delivered to other Securities Companies in the context of settling transactions where settlement does not go through the Clearing and Guarantee Agency (other than transactions in the regular market). Recording is done from the transaction date until the settlement due date.

17 Delivery Failure - Other Securities Companies This sub-account is used to record the fair market value of Securities that failed to be delivered to other Securities Companies on the transaction settlement date.

18 Securities to be Delivered to the Clearing and Guarantee Agency This account is used to record the fair market value of Securities to be delivered to the Clearing and Guarantee Agency.

19 Securities Borrowed from the Clearing and Guarantee Agency This sub-account is used to record the fair market value of Securities borrowed from the Clearing and Guarantee Agency.

20 Delivery Securities for Clearing Transactions This sub-account is used to record the fair market value of Securities that must be delivered by Securities Company members of the Stock Exchange to the Clearing and Guarantee Agency on the settlement due date, as a result of Securities sale transactions conducted on the Stock Exchange guaranteed by the Clearing and Guarantee Agency. Recording is done from the transaction date until the settlement due date.

21 Securities Owned by Institutional Clients
This account is used to record the fair market value of Securities to be delivered to institutional clients.

22 Purchase Transaction - Institutional Clients This sub-account is used to record the purchase value of Securities conducted by the Securities Company for the benefit of institutional clients from the transaction date until the settlement due date.

23 Delivery Failure - Institutional Clients
This sub-account is used to record the fair market value of Securities that still must be delivered to institutional clients since the transaction settlement due date.

24 Securities Borrowed from Other Parties
This account is used to record the value of Securities borrowed from parties other than the Clearing and Guarantee Agency and other Securities Companies, such as custodian banks or other parties. If Securities borrowed are for the purpose of settling short selling transactions, whether for the benefit of clients or the Securities Company, they must be based on standard contracts approved by the Financial Services Authority (OJK) in accordance with OJK regulations regarding financing of Securities transactions by Securities Companies for clients and short selling transactions by Securities Companies.

25 Positive Securities Difference
This account is used to record Securities differences arising, among others, from excesses in the reconciliation of the physical quantity of Securities and/or the quantity of Securities in Securities accounts compared to the Securities records of the Securities Company. Securities Companies must immediately conduct examinations and take necessary actions to find the cause and resolve any Securities differences that occur.

27 Balance on the Credit Side of Securities Sub-ledger (indicating Securities location)

28 Securities under Direct Control of the Securities Company This account is used to record the fair market value of Securities under the direct control of the Securities Company, distinguished as follows:
a. Owned Securities are Securities owned by the Securities Company itself, separated from client Securities; b. Separated Securities are Securities under the direct control of the Securities Company owned by clients and not currently pledged to the Securities Company; and/or
c. Non-separated Securities are Securities under the direct control of the Securities Company owned by clients and currently pledged to the Securities Company, or bound by settlement obligations, or in the process of administration at the issuer or Securities administration bureau, or confirmed within the last 5 (five) working days.

29 Securities Stored in the Working Unit Performing Custodian Functions of the Securities Company This sub-account is used to record the value of Securities in the form of documents (physical) stored in the working unit performing the custodian functions of the Securities Company, including if corporate actions occur on such Securities.

30 Securities Stored in Custodian Bank Storage Boxes This sub-account is used to record the value of Securities in the form of documents (physical) stored in storage boxes of custodian banks leased by the Securities Company, including if corporate actions occur on such Securities.

31 Securities in Securities Accounts at Custodian Banks This sub-account is used to record the value of documentless (scriptless) Securities stored in Securities accounts in the name of the Securities Company at custodian banks.

32 Securities in Securities Accounts at Other Securities Companies This sub-account is used to record the value of documentless (scriptless) Securities stored in Securities accounts in the name of the Securities Company at other Securities Companies. This sub-account can also be used to record documentless (scriptless) Securities owned by the Securities Company that are not clearing members, stored in the Securities accounts of clearing member Securities Companies.

33 Securities in Securities Accounts at the Clearing and Settlement Agency This sub-account is used to record the value of documentless (scriptless) Securities stored in the Securities accounts of the Securities Company at the Clearing and Settlement Agency.

34 Securities at Issuers or Securities Administration Bureaus (not yet issued within 5 (five) working days from the date the Securities are entered into the Issuer or Securities Administration Bureau) This sub-account is used to record the value of Securities to be received by the Securities Company from the Securities administration bureau or issuer, which have not been issued within 5 (five) working days from the date the Securities are entered into the issuer or Securities administration bureau, including, among others, the conversion of document shares to documentless shares and the exercise of pre-emptive rights.

35 Securities in Securities Accounts at Other Storage Institutions This sub-account is used to record the value of Securities stored in the Securities accounts of the Securities Company at other storage institutions, Securities financing institutions, foreign central securities depositories, or foreign central banks.

39 Securities Not under Direct Control of the Securities Company This account is used to record the value of Securities not under the direct control of the Securities Company.

40 Securities Used as Collateral for Loans at Banks or Financial Institutions This sub-account is used to record the fair market value of Securities currently pledged at commercial banks or other financial institutions, including pawnshops.

41 Securities in Transit Between Offices within One Securities Company This sub-account is used to record the fair market value of Securities in the form of documents (physical) currently in transit between offices within one Securities Company. Securities are distinguished based on a duration of up to 5 (five) working days and more than 5 (five) working days. The 5 (five) working day time limit is calculated from the date of Securities transfer. In the event that the Securities in transit are Separated Securities, after passing the 5 (five) working day period, they must be replaced by Securities purchased by the Securities Company. Securities Companies may extend the 5 (five) working day period to purchase Securities, provided that:
a. The Securities Company has set aside funds equal to the fair market value of Securities not yet under the direct control of the Securities Company, held in a special account at a bank in the name of the Securities Company for the benefit (qq) of account holders to guarantee Securities that are not under the direct control of the Securities Company; and b. The Securities Company has actively and continuously taken best efforts to ensure the Securities are under the direct control of the Securities Company.

42 Securities in Transit to Other Securities Companies, Custodian Banks, Clearing and Guarantee Agencies, or Clearing and Settlement Agencies where delivery proof has not yet been received This sub-account is used to record the fair market value of Securities in the form of documents (physical) currently in transit to other Securities Companies, custodian banks, Clearing and Guarantee Agencies, or Clearing and Settlement Agencies, where delivery proof has not yet been received. Securities are distinguished based on a duration of up to 5 (five) working days and more than 5 (five) working days. The 5 (five) working day time limit is calculated from the date of Securities transfer.

43 Securities to be Received from Foreign Banks, Foreign Clearing Agencies, or Foreign Securities Companies This sub-account is used to record the fair market value of Securities that the Securities Company (whether client-owned or the Securities Company's own) must still receive from foreign banks, foreign clearing agencies, or foreign Securities Companies, recorded from the transaction date until the settlement date.

44 Securities at Issuers or Securities Administration Bureaus (not yet issued within 5 (five) working days from the date the Securities are entered into the Issuer or Securities Administration Bureau) This sub-account is used to record the fair market value of Securities to be received from the Securities administration bureau or issuer, the process of which cannot be completed within 5 (five) working days, including, among others, the conversion of document shares to documentless shares and the exercise of pre-emptive rights. The 5 (five) working day time limit is calculated from the date of receiving the announcement document or the date of receiving confirmation from the issuer/securities administration bureau.

45 Securities to be Received from Issuers as a Result of Rights Distribution in Corporate Actions This sub-account is used to record the value of Securities to be received from the issuer as a result of rights distribution in corporate actions on the recording date where shareholders are entitled to receive Securities from the issuer. Securities are distinguished based on a duration of up to 5 (five) working days and more than 5 (five) working days. The 5 (five) working day time limit is calculated from the occurrence of the corporate action.

46 Repo or Re-repo Securities
This sub-account is used to record the fair market value of Securities that have been re-pledged and not derecognized, where such repo Securities are transferred to parties acting as buyers in the repo transaction (resulting in a change in Securities location). This account is also used to record the value of reverse repo Securities re-repoed and recorded at their fair market value. The use of this sub-account also includes recording Securities lent or pledged to other parties (other than the Clearing and Guarantee Agency and other Securities Companies).

47 Sale Transaction Securities of Account Owners This sub-account is used to record the value of client-owned Securities that have been sold through the Stock Exchange.
The sale of Securities for the benefit of client Securities accounts must be booked into the sub-account for sale transaction securities of account owners on the transaction date.

48 Securities Sold but Not Yet Owned (Short Position) This sub-account is used to record the value of Securities that have been sold but are not yet owned by the Securities Company, including recording the sale of reverse repo Securities (reclassification of reverse repo Securities line 8).

49 Securities to be Received from Other Securities Companies This sub-account is used to record the value of Securities to be received from other Securities Companies.

50 Securities Lent
This sub-sub-account is used to record the value of Securities currently lent to other Securities Companies.

51 Purchase Transaction Securities
This sub-sub-account is used to record the value of Securities that must be received from other Securities Companies in the context of settling Securities transactions where settlement does not go through the Clearing and Guarantee Agency (other than transactions in the regular market).

52 Delivery Failure - Other Securities Companies This sub-sub-account is used to record the value of Securities that failed to be received from other Securities Companies since the transaction settlement date. Securities are distinguished based on a duration of up to 5 (five) working days and more than 5 (five) working days. The 5 (five) working day time limit is calculated from the occurrence of delivery failure.

53 Securities to be Received from the Clearing and Guarantee Agency This sub-account is used to record the quantity of Securities to be received from the Clearing and Guarantee Agency.

54 Securities Lent
This sub-sub-account is used to record the value of Securities lent to the Clearing and Guarantee Agency.

55 Clearing Transaction Securities
This sub-sub-account is used to record the value of Securities to be received from the Clearing and Guarantee Agency in the context of settling exchange transactions.

56 Securities to be Received from Institutional Clients This sub-account is used to record the value of Securities to be received from institutional clients.

57 Sale Transaction - Institutional Clients
This sub-sub-account is used to record the value of Securities to be received from institutional clients in the context of settling transactions.

58 Delivery Failure - Institutional Clients
This sub-sub-account is used to record the value of Securities that failed to be received from institutional clients since the transaction settlement date.
Securities are distinguished based on a duration of up to 5 (five) working days and more than 5 (five) working days.
The 5-day time limit is calculated from the occurrence of delivery failure.

59 Short Position - Client Securities Accounts (Affiliated) This sub-account is used to record the value of Securities sold by affiliated clients but not yet delivered to the Securities Company. The short position is recognized from the settlement date.

60 Short Position - Client Securities Accounts (Non-Affiliated) This sub-account is used to record the value of Securities sold by non-affiliated clients but not yet delivered to the Securities Company. The short position is recognized from the settlement date.

62 Negative Securities Difference
This account is used to record Securities differences arising from shortages in the reconciliation of the physical quantity of Securities and/or the quantity of Securities in Securities accounts compared to the Securities records of the Securities Company. Securities Companies must immediately conduct examinations and take necessary actions to find the cause and resolve any Securities differences that occur.

VIII. Form for Calculating Minimum Adjusted Net Working Capital Requirements (Form 8)

No. Line	Line Name	Filling Explanation
8	Total Liabilities	This line is filled with total liabilities as stated in Form 2, Column B, line 164.
9	Total Ranking Liabilities	This line is filled with total Ranking Liabilities as stated in Form 3, Column B, line 31.
10	Total Liabilities and Ranking Liabilities (Line 8 + Line 9)	This line is filled with the sum of line 8 and line 9.
11	Less Sub-Ordinarity Debt	This line is filled with total sub-ordinated debt as stated in Form 2, Column B, line 163.
12	Less Debt in the Context of Public Offerings/Limited Offerings	Debt in the context of public offerings is divided into 3 (three) types, and the value for each type must be presented in this form, as follows:
a. client debt including institutional client funds paid in advance for ordering Securities in the primary market, as stated in Form 2, Column B, line 146; b. issuer debt as stated in Form 2, Column B, line 147; or
c. debt to Securities issuers as stated in Form 2, Column B, line 148.
16	Total Liabilities and Ranking Liabilities Without Subordinated Debt and Debt in the Context of Public Offerings/Limited Offerings	This line is filled with the total calculation of line 10 minus the values on line 11, line 13, line 14, and line 15.
---	---	---
17	Required MKBD Value for Securities Brokers or Securities Issuance Underwriters
18	Minimum MKBD Requirement Value*	This line is filled with the required MKBD value for Securities Companies conducting business as Securities Brokers and/or Securities Issuance Underwriters, with the following provisions:
a. for Securities Companies conducting business only as Securities Brokers administering client Securities accounts, the value column is filled with Rp25 billion; b. for Securities Companies conducting business only as Securities Brokers not administering client Securities accounts, the value column is filled with Rp200 million;
c. for Securities Companies conducting business only as Securities Issuance Underwriters, the value column is filled with Rp25 billion;
d. for Securities Companies conducting business as Securities Issuance Underwriters and Securities Brokers administering client Securities accounts, the value column is filled with Rp25 billion; and e. for Securities Companies conducting business as Securities Issuance Underwriters and Securities Brokers not administering client Securities accounts, the value column is filled with Rp25 billion.
19	6.25% of Line 16	This line is filled with 6.25% of total liabilities and Ranking Liabilities without subordinated debt and debt in the context of public offerings/limited offerings, including if the Securities Company has:
a. debt in the context of tender offers; b. debt related to institutional client funds received in advance;
c. client dividend debt for account owners;
d. debt to Securities financing institutions in the context of financing margin/short selling transactions; and/or e. finance lease debt.
20	Required MKBD (higher value between line 18 and line 19)	This line is filled with the highest value between line 18 and line 19.
---	---	---
21	Required MKBD Value for Investment Managers (MI)
22	Minimum MKBD Requirement Value	This line is filled with the required MKBD value for Securities Companies conducting business as Investment Managers, namely Rp200 million.
23	Value of Funds Managed by MI	This line is filled with the value of funds managed (Asset Under Management/AUM) of investment products issued by the Securities Company as an Investment Manager.
The AUM data used to fill this line is AUM data from 2 (two) days before the MKBD report date (example: for an MKBD report dated September 17 afternoon, which must be submitted by September 18 morning, the AUM data used is data as of the end of September 16).
24	0.1% of Line 23	This line is filled with 0.1% multiplied by the value of funds managed by the Investment Manager.
---	---	---
25	Required MKBD Value (line 22 plus line 24)	This line is filled with the required MKBD value for Securities Companies holding business licenses as Investment Managers, namely the value on line 22 plus the value on line 24.
26	Required MKBD Value for Securities Companies according to Business Licenses Held (line 20, line 25, or line 20 plus line 25)	This line is filled with:
a. the value on line 20, if the Securities Company only holds a business license as a Securities Broker and/or Securities Issuance Underwriter; b. the value on line 25, if the Securities Company only holds a business license as an Investment Manager; or
c. the value on line 20 plus the value on line 25, if the Securities Company holds business licenses as a Securities Broker and/or Securities Issuance Underwriter, and an Investment Manager.

IX. Form for Reporting Adjusted Net Working Capital Calculation (Form 9)

No.	Line Name	Filling Explanation
8	WORKING CAPITAL
9	Total Current Assets	The amount column is filled with total current assets as stated in Form 1, Column B, line 100.
11	Total Liabilities	The amount column is filled with total liabilities as stated in Form 2, Column B, line 164.
12	Total Ranking Liabilities	The amount column is filled with total Ranking Liabilities as stated in Form 3, Column B, line 31.
13	Total Working Capital (Line 9 minus Line 11 and Line 12)	The amount column is filled with the calculation result of total current assets minus total liabilities and Ranking Liabilities.
14	NET WORKING CAPITAL
15	Total Working Capital (Line 13)	The amount column is filled with the total as stated on line 13.
17	Sub-Ordinarity Debt	The amount column is filled with the value of sub-ordinated debt as stated in Form 2, Column B, line 163.
18	Total Net Working Capital (Line 15 plus Line 17)	The amount column is filled with the sum of total working capital (line 15) plus sub-ordinated debt (line 17).
19	ADJUSTED NET WORKING CAPITAL
20	Total Net Working Capital (Line 18)	The total column is filled with the net working capital total as stated on line 18.
22	Liquidity Risk Adjustment	Liquidity risk adjustment is an adjustment for risks regarding the liquidity of time deposits held by the Securities Company.
The amount column on lines 23 to 31 is filled with data as stated in Form 1, Column B, lines 15 to 23.
The total column on lines 23 to 31 is filled with the product of the value in the amount column multiplied by the factorization value in the factorization column.
32	Market Risk Adjustment	Market risk adjustment is an adjustment for risks regarding the Securities owned by the Securities Company, calculated based on specific Haircuts of the fair market value.
The amount column on lines 33 to 69 is filled with data as stated in Form 1, Column B, lines 59 to 95.
The amount column on lines 70 to 91 is filled with the value of Securities reclassified because they have been re-pledged, lent, or pledged to other parties, according to the value data in Form 1, Column B, lines 96 to 99, but presented based on their Securities Haircut groups. The total column on lines 33 to 91 is filled with the product of the value in the amount column multiplied by the Haircut value in the factorization column.
92	Credit Risk Adjustment	Credit risk adjustment is an adjustment for risks resulting from counterparties failing to deliver funds at the stipulated time.

No.
Column amount on line 93 (Failed Delivery - Institutional Customers) is filled with data according to the value listed on Form 1 column B line 39.
Column amount on line 94 (Failed Delivery - Securities Companies) is filled with data according to the value listed on Form 1 column B line 44.
Column total on lines 70 to 99 is filled with the result of multiplying the value in the amount column by the value in the factorization column.

95 Business Activity
Risk
Adjustment
Business activity risk adjustment is a reducing factor resulting from a Securities Company not separating customer funds/securities.

96 Excess
Form 6 line
10 column B compared to
Form 6 line
20 column D
(Customer Free Funds of Account Holders compared to balances of Funds stored in Banks Owned by Account Holders that are Separated) Column total is filled with the result of subtracting customer free funds of account holders (Form 6 line 10 column B) from the balance of funds stored in banks owned by account holders that are separated and customer funds stored in each customer's sub-account Securities (Form 6 line 20 column D). If the value of Form 6 line 10 column B is higher than the fund balance on Form 6 line 20 column D, then the difference becomes the value presented in the total column. However, if the value on Form 6 line 10 column B is lower than the balance on Form 6 line 20 column D, then the total column is filled with 'zero'.

No.
97 Excess
Form 6 line
13 column B compared to
Form 6 line
21 (Funds belonging to General Customers
(Funds for Ordering Securities) compared to Funds that are stored in Banks Owned by General Customers) Column total is filled with the result of subtracting general customer funds for ordering Securities (Form 6 line 13 column B) from the balance of funds stored in banks owned by general customers (Form 6 line 21). If the value of funds for ordering Securities is higher than the balance of funds stored in the bank, then the difference becomes the value presented in the total column. However, if the value of funds for ordering Securities is lower than the balance of funds stored in the bank, then the total column is filled with 'zero'.

98 Excess
Form 7 line
11 column B compared to
Form 7 line
36 column D
(Customer Free
Securities of Account Holders compared to Securities in Direct Control Column total is filled with the result of subtracting customer free Securities of account holders (Form 7 line 11 column B) from Securities in direct control of the separated Securities Company (Form 7 line 36 column D). If the value of Free Securities is higher than the value of Securities in direct control of the separated Securities Company, then the difference becomes the value presented in the total column. However, if the value of Free Securities is lower than the value of Securities in direct control of the separated Securities Company, then the total column is filled with 'zero'.

No.
Securities Company that is Separated)
99 Excess
Form 7 line
61 column E compared to
Form 1 line
13 column B
(Customer Separated
Securities that are not in control of the Securities Company for more than 5 working days compared to funds of the Securities Company that are restricted for use in Sub Accounts of Customer Securities Accounts) Column total is filled with the result of subtracting Customer Separated Securities that are not in control of the Securities Company for more than 5 working days (Form 7 line 61 column E) from funds of the Securities Company that are restricted for use in the sub-account 'Customer Securities Rekening qq' (Form 1 line 13 column B). If the value of Customer Separated Securities that are not in control of the Securities Company for more than 5 working days is higher than funds of the Securities Company that are restricted for use in the sub-account 'Customer Securities Rekening qq', then the difference becomes the value presented in the total column. However, if the value of Customer Separated Securities that are not in control of the Securities Company for more than 5 working days is lower than funds of the Securities Company that are restricted for use in the sub-account 'Customer Securities Rekening qq', then the total column is filled with 'zero'.

No.
101 Return of Haircut on Securities that are Closed with Hedging Column total is filled according to the total value listed in Form 5 column H.

102 Total Adjusted
Net Working
Capital
Column total is filled with the result of the calculation of net working capital minus the total liquidity risk adjustment, market risk adjustment, credit risk adjustment, and business activity risk adjustment, plus the return of Haircut on Securities that are closed with hedging.

103 REQUIRED
ANWC
VALUE
Column total is filled according to the value listed in Form 8 column E line 26.

104 MORE
(LESS)
ANWC
Column total is filled according to the result of the calculation of the total ANWC value minus the required ANWC value.
If the calculation result yields a positive number, then the ANWC value is 'MORE' (surplus). However, if the calculation result yields a negative number, then the ANWC value is 'LESS' (deficit).

X. Form Supporting Data Report for Adjusted Net Working Capital (Form 10)
Form 10 consists of 9 tables, including:
a. Table 10A: Repo Activities
Number This column is filled with the sequential number of the repo transaction.
Type of Repo This column is filled with the type of repo based on the type of repo Securities, including:
a. repo of government securities; b. repo of corporate bonds or sukuk; and
c. repo of Equity Securities.
For repo transactions with repo Securities consisting of more than one type of Security (e.g., repo Securities consist of government securities and shares), the transaction must be separated based on the type of repo Securities proportionally. Example: for a repo transaction with a contract value (repurchase value) of Rp100B and repo Securities consisting of government securities worth Rp50B plus shares worth Rp75B, then the transaction must be presented separately as follows:
a. repo of government securities worth Rp40B with repo Securities of Rp50B b. repo of Equity Securities worth Rp60B with repo Securities of Rp75B.
Purchaser (Counterparty)
This column is filled with the name of the counterparty (the party that is the buyer in the repo transaction).
Sale Date This column is filled with the sale date (1st leg).
Repurchase Date
This column is filled with the maturity date of the repurchase (2nd leg).
Sale Value This column is filled with the transaction value on the 1st leg, namely the amount of funds received from the counterparty on the sale date.

Repurchase Value
This column is filled with the transaction value on the 2nd leg, namely the amount of funds that must be handed over to the counterparty on the repurchase date.
Collateral Security Code This column is filled with the code of the repo Securities in the repo transaction.
Collateral Amount
(Sheets/Par Value)
This column is filled with the volume (number of sheets) for Equity Securities, or the par value for government securities and corporate bonds or sukuk.
Fair Market Value of Collateral
This column is filled with the fair market value of the repo Securities.
In the event that the repo Securities are shares, the fair market value refers to the closing price.
Ranking Liabilities
Value
This column is filled with the Ranking Liabilities value related to the repo transaction that is added, namely:
a. for repo transactions with repo Securities being government securities, the value added is 1% (one percent) multiplied by the repurchase value; Ranking Liabilities = {1% x repurchase value} b. for repo transactions with repo Securities being corporate bonds or sukuk, the value added is 3% (three percent) multiplied by the repurchase value; or Ranking Liabilities = {3% x repurchase value}
c. for repo transactions with repo Securities being Equity Securities (shares), the value added is 5% (five percent) multiplied by the repurchase value.
Ranking Liabilities = {5% x repurchase value}.

b. Table 10B: Reverse Repo Activities
Number This column is filled with the sequential number of the reverse repo transaction.
Type of Reverse Repo This column is filled with the type of reverse repo based on the type of repo Securities, including:
a. reverse repo of government securities; b. reverse repo of corporate bonds or sukuk; and
c. reverse repo of Equity Securities.
For reverse repo transactions with repo Securities consisting of more than one type of Security (e.g., repo Securities consist of government securities and shares), the transaction must be separated based on the type of repo Securities proportionally. Example: for a reverse repo transaction with a contract value (resale value) of Rp100B and received repo Securities consisting of government securities worth Rp50B plus shares worth Rp75B, then the transaction must be presented separately as follows:
a. reverse repo of government securities worth Rp40B with the value of repo Securities being Rp50B b. reverse repo of Equity Securities worth Rp60B with the value of repo Securities being Rp75B.
Seller (Counterparty)
This column is filled with the name of the counterparty (the party that performs the repo).
Purchase Date This column is filled with the purchase date (1st leg).
Resale Date
This column is filled with the maturity date of the resale (2nd leg).
Purchase Value This column is filled with the transaction value on the 1st leg, namely the amount of funds handed over to the counterparty.
Resale Value
This column is filled with the transaction value on the 2nd leg, namely the amount of funds that will be received from the counterparty on the resale date.

Collateral Security Code This column is filled with the code of the repo Securities in the repo transaction.
Collateral Amount
(Sheets/Par Value)
This column is filled with the volume (number of sheets) for Equity Securities, or the par value for government securities and corporate bonds or sukuk.
Fair Market Value of Collateral
This column is filled with the fair market value of the repo Securities.
In the event that the repo Securities are shares, the fair market value refers to the closing price.
Ranking Liabilities
Value
This column is filled with the Ranking Liabilities value related to the reverse repo transaction that is added, namely:
a. for reverse repo transactions on government securities, if the fair market value of the repo Securities that have been haircuted is less than 105% (one hundred five percent) multiplied by the resale value, then the deficiency must be added as Ranking Liabilities; Ranking Liabilities = {(105% x resale value) – fair market value of repo Securities that have been haircuted)} b. for reverse repo transactions on corporate bonds or sukuk, if the fair market value of the repo Securities that have been haircuted is less than 110% (one hundred ten percent) multiplied by the resale value, then the deficiency must be added as Ranking Liabilities; and Ranking Liabilities = {(110% x resale value) – fair market value of repo Securities that have been haircuted)}
c. for reverse repo transactions on Equity Securities, if the fair market value of the repo Securities that have been haircuted is less than 120% (one hundred twenty percent) multiplied by the resale value, then the deficiency must be added as Ranking Liabilities.
Ranking Liabilities = {(120% x resale value) – fair market value of repo Securities that have been haircuted)}.

c. Table 10C: Securities Portfolio Activities and Concentration
Number This column is filled with the sequential number of the Securities portfolio owned by the Securities Company.
Type of Security This column is filled with the type of Securities portfolio owned by the Securities Company, including:
a. government securities; b. corporate bonds or sukuk; and
c. Equity Securities.
Security Code This column is filled with the code of the Securities owned by the Securities Company.
Affiliated/Not
Affiliated
This column is filled with 'Affiliated' if the Securities Company has an affiliation relationship with the issuer/issuer of Securities or 'Not Affiliated' if the Securities Company does not have an affiliation relationship with the issuer/issuer of Securities. Sheets/Par Value This column is filled with the volume (number of sheets) for Equity Securities, or the par value for government securities and corporate bonds or sukuk. Acquisition Price This column is filled with the price of the Security at the time of its acquisition. Fair Market Price This column is filled with the fair price of the Security. Fair Market Value This column is filled with the fair market value which is the result of multiplying sheets/par value by the fair market price. Issuer Group This column is filled with the issuer group code (if any). Percentage of Fair Market Value Against Total Own Capital This column is filled with the percentage value of the fair market value column against the Equity of the Securities Company in the ANWC report Form 2 (line 172) one trading day prior.

Ranking Liabilities
Value
This column is filled with the Ranking Liabilities value related to the Securities portfolio that is added, namely:
a. if the Securities Company holds Equity Securities, Debt Securities and/or sukuk issued by one issuer or several issuers in one corporate group (holding company) whose value exceeds 20% (twenty percent) of total own capital, then the excess must be added as Ranking Liabilities; and Ranking Liabilities = {fair market value – (20% x total own capital)} b. if the Securities Company holds a portfolio of government securities whose value exceeds 40% (forty percent) of total own capital, then the excess must be added as Ranking Liabilities. Ranking Liabilities = {fair market value – (40% x total own capital)}.

d. Table 10D: Securities Transaction Financing Activities (Margin/Short Selling Transactions) of Customers Number This column is filled with the sequential number of customers who receive financing for transaction settlement, both margin transactions and short selling transactions. These customers are ordered based on the value of their financing from the customer receiving the largest financing to the smallest. Name (Code) of Customer This column is filled with the single identity number of each investor issued by the Depository and Clearing Institution. Margin Transaction (M)/Short Selling (S) This column is filled with 'M' for customers who receive financing for margin transactions, or 'S' for customers who receive financing for short selling transactions. Margin Financing Value/Fair Market Value of Short Position Securities This column is filled with:
a. debit balance in the margin transaction financing Securities account, or b. fair market value of Short position Securities for short selling transactions, according to the regulations of the Financial Services Authority regarding the financing of Securities transactions by Securities Companies for customers and short selling transactions by Securities Companies. Financing Collateral Value This column is filled with the value of the financing collateral owned by the respective customer. Financing Ratio This column is filled with the financing ratio of the respective customer. This ratio is calculated as follows:
a. for margin transactions, the financing ratio is the financing value divided by the financing collateral value; or b. for short selling transactions, the financing ratio is the financing collateral value divided by the fair market value of Short position Securities.

Ranking Liabilities Value
Excess Financing to
One Customer
This column is filled with the Ranking Liabilities value if the Securities Company provides financing for transaction settlement to one customer or several customers who mutually have an affiliation relationship, whose financing value exceeds 10% (ten percent) of the total financing value at the end of the previous day position. This rule applies to Securities Companies that provide financing for transaction settlement to at least 10 (ten) customers who do not mutually have an affiliation relationship. The Ranking Liabilities value added is:
a. for margin transaction financing, the margin financing value minus 10% (ten percent) of the total margin transaction financing.
Ranking Liabilities = {margin financing value – (10% x sub total margin transaction financing)} b. for short selling transaction financing, the Short Position Securities value minus 10% (ten percent) of the total Short Selling transaction financing. Ranking Liabilities = {Short Position Securities Value – (10% x Sub Total Short Selling Transaction Financing)} Ranking Liabilities Value Excess/Deficiency of Maximum Ratio Limit This column is filled with the Ranking Liabilities value, namely:
a. for Securities Companies that provide financing for margin transaction settlement for each individual customer whose financing ratio is more than 80%, then the excess percentage of that ratio multiplied by the financing collateral value becomes Ranking Liabilities. Ranking Liabilities = (financing value-(80%*financing collateral value)) b. for Securities Companies that provide financing for short selling transaction settlement for each individual customer whose financing ratio is less than 120%, then the Short position Securities value multiplied by the percentage deficiency of the ratio and then divided by 120% becomes Ranking Liabilities. Ranking Liabilities = (Short position Securities value-(financing collateral value/120%))

e. Table 10E: Collateral in Securities Transaction Financing Activities (Margin/Short Selling Transactions) of Customers Number This column is filled with the sequential number.
Name of Security This column is filled with the name of the Security that serves as collateral in margin transactions or short selling transactions.
Security Code This column is filled with the code of the Security that serves as collateral in margin transactions or short selling transactions.
Volume This column is filled with the volume (number of sheets) for Equity Securities, or the par value for government securities.
Price This column is filled with the fair price of the collateral Security.
Fair Market Value This column is filled with the fair market value which is the result of multiplying the price by the volume of the Security.

f. Table 10F: Securities Issuance Underwriting Activities/Standby Buyer Number This column is filled with the sequential number.
Contract Date This column is filled with the date of the contract (mandate) given by the issuer/candidate issuer.
Type of Underwriting This column is filled with the type of underwriting, including:
a. full commitment; b. best effort; and
c. standby buyer.
Party Being Underwritten This column is filled with the name of the party being underwritten.
Underwriting Status This column is filled with the status of the underwriting activity, including:
a. effective, for securities issuance underwriting contracts that have received an effective statement from the Financial Services Authority until before the offering period; b. offering period, for securities issuance underwriting contracts that have entered the offering period until before the allocation period;
c. allocation period, for securities issuance underwriting contracts that have entered the allocation period until before the Securities are listed (listing) on the Stock Exchange; and
d. standby buyer, for Securities Companies acting as stand by buyers either for the right to order Securities first or for the issuance of Securities without the right to order Securities first.
Value of Underwriting
Commitment Portion
This column is filled with the value of the underwriting commitment portion borne by the Securities Company.

Haircut on Securities (if the Securities Company acts as Standby Buyer) This column is filled with the Haircut on Securities, specifically for Securities Companies acting as standby buyers.
For securities issuance underwriting activities, this column is filled with '0' (zero).
Value Not/Not Yet
Absorbed (if any)
This column is filled with the value of Securities that have not been ordered in the public offering activity (securities issuance underwriting).
For standby buyer activities, this column is filled with '0' (zero).
Value of Bank Guarantee/
Credit Guarantee (if any)
This column is filled with the value of proof of fund capability in the form of bank guarantees and/or credit guarantees used to cover (cover) the risk of securities issuance underwriting or standby buyer activities. The value of bank guarantees and/or credit guarantees required is 25% (twenty-five percent) of the underwriting commitment value that is the portion of the Securities Company. If the Securities Company uses bank guarantees and/or credit guarantees whose value is smaller than its portion of commitment, then the Securities Company is still subject to Ranking Liabilities on the remaining commitment not covered by bank guarantees and/or credit guarantees. Ranking Liabilities Value This column is filled with the Ranking Liabilities value added, namely:
a. for securities issuance underwriting activities full commitment and not covered by proof of fund capability in the form of bank guarantees/credit lines, then:

at the time the registration statement is declared effective by the Financial Services Authority until before the offering period, the Ranking Liabilities value imposed is 25% (twenty-five percent) of the value of the underwriting commitment portion;
Ranking Liabilities = {25% x (value of underwriting commitment portion – value of bank guarantee or credit guarantee)}
at the time of entering the offering period until before the allocation period, the Ranking Liabilities value imposed is 50% (fifty percent) of the value not yet absorbed or at most 25% (twenty-five percent) of the value of the underwriting commitment portion; and

Ranking Liabilities = {50% x value not yet absorbed} or {25% x (value of underwriting commitment portion – value of bank guarantee or credit guarantee)} whichever is lower.

at the time of entering the allocation period until before the Securities are listed (listing) on the Stock Exchange, the Ranking Liabilities value imposed is 100% (one hundred percent) of the value of the remaining unabsorbed Securities that is its portion, until the Securities are paid by the Securities Company to the issuer.
Ranking Liabilities = {100% x (value not absorbed – value of bank guarantee or credit guarantee)} b. For Securities Companies acting as standby buyers and not covered by proof of fund capability in the form of bank guarantees/credit lines, then since the effective date of the right to order Securities first until the date of share conversion, the Ranking Liabilities value imposed is 50% (fifty percent) of the Haircut on Securities multiplied by the offering price for a number of Securities that is its portion. Ranking Liabilities = {(50% x Haircut on Securities) x (value of underwriting commitment portion – value of bank guarantee or credit guarantee)}.

g. Table 10G: Corporate Guarantee by Companies Number This column is filled with the sequential number.
Contract Date This column is filled with the date of the underwriting contract/agreement by the Securities Company.
Party Being Guaranteed This column is filled with the name of the party given the guarantee (corporate guarantee).
Affiliated/ Not
Affiliated
This column is filled with 'Affiliated' if the party being guaranteed has an affiliation relationship with the Securities Company, or 'Not Affiliated' if the party being guaranteed does not have an affiliation relationship with the Securities Company. Details of Guarantee This column is filled with the details of the guarantee (corporate guarantee) given by the Securities Company. Duration of Guarantee This column is filled with the duration of the guarantee given in units of calendar days. Date of Expiry of Guarantee This column is filled with the date of expiry (maturity) of the corporate guarantee. Guarantee Value (Rp) This column is filled with the value of the corporate guarantee given. Ranking Liabilities Value This column is filled with the Ranking Liabilities value added, namely 20% (twenty percent) of the guarantee value. Ranking Liabilities = {20% x guarantee value}.

h. Table 10H: Capital Expenditure Commitments in Accordance with Notes to the Financial Statements

Number: This column is filled with the serial number.

Commitment Date: This column is filled with the date the agreement or capital expenditure commitment was made.

Capital Expenditure Details: This column is filled with the details of specific goods to be capitalized as assets of the Securities Company in accordance with the commitment of the agreement.

Date of Realization of Capital Goods: This column is filled with the date the capital goods were realized.

Value of Realized Capital Expenditure Commitments: This column is filled with the value of capital expenditure commitments that have been realized (incurred) or paid by the Securities Company.

Value of Unrealized Capital Expenditure Commitments: This column is filled with the value of capital expenditure commitments that have not yet been realized.

Ranking Liabilities Value: This column is filled with the added Ranking Liabilities value, which is 20% (twenty percent) of the excess of the current year's unrealized capital expenditure commitments above Rp150 million.

Ranking Liabilities = {20% x (value of unrealized capital expenditure commitments – 150 million)}

This copy is in accordance with the original
Legal Director 1
Legal Department signed
Mufli Asmawidjaja

i. Table 10I: Transactions in Foreign Currency

Established in Jakarta on January 10, 2023

HEAD OF THE EXECUTIVE SUPERVISOR OF THE CAPITAL MARKET FINANCIAL SERVICES AUTHORITY REPUBLIC OF INDONESIA, signed INARNO DJAJADI

Number: This column is filled with the serial number.

Transaction Type: This column is filled with the type or description of the foreign currency transaction that is still outstanding.

Transaction Date: This column is filled with the date the transaction was conducted.

Currency Type: This column is filled with the type of foreign currency used in the transaction.

Transaction Value (in Rp): This column is filled with the transaction value converted into Indonesian Rupiah.

Unrealized Profit/Loss: This column is filled with the unrealized profit or loss from the foreign currency transaction.

Ranking Liabilities Value: This column is filled with the added Ranking Liabilities value, which is the value of the unrealized loss.

Ranking Liabilities = {unrealized loss}

Guidelines for Preparing Adjusted Net Working Capital Forms and Submission and Validation of Adjusted Net Working Capital Reports

Lineage: In force

Timeline