OJK Circular No. 10/SEOJK.05/2013 on Monthly Reports of Secondary Housing Finance Companies

To:
Secondary Housing Finance Companies At Their Places

COPY

CIRCULAR OF THE FINANCIAL SERVICES AUTHORITY NUMBER 10/SEOJK.05/2013

CONCERNING
MONTHLY REPORTS OF SECONDARY HOUSING FINANCE COMPANIES

In connection with Financial Services Authority Regulation Number 3/POJK.05/2013 dated September 12, 2013 concerning Monthly Reports of Non-Bank Financial Service Institutions (State Gazette of the Republic of Indonesia Year 2013 Number 150, Additional State Gazette of the Republic of Indonesia Number 5443), it is necessary to regulate implementation provisions regarding monthly reports for Secondary Housing Finance Companies in this Circular of the Financial Services Authority as follows:

I. GENERAL PROVISIONS

1. The Financial Services Authority, hereinafter abbreviated as OJK, is an independent institution free from the interference of other parties, which has the functions, duties, and authorities of regulation, supervision, examination, and investigation, as referred to in Law Number 21 of 2011 concerning the Financial Services Authority.

2. Monthly Report is a financial report prepared by non-bank financial service institutions for the benefit of OJK, which covers the period from the 1st to the end of the current month and is submitted according to the format and procedures determined by OJK.

II. FORM AND STRUCTURE OF MONTHLY REPORTS

The form and structure, as well as guidelines for preparing the Monthly Report for Secondary Housing Finance Companies, are as set forth in the Appendix which is an integral part of this OJK Circular.

III. TIME OF SUBMISSION OF MONTHLY REPORTS

1. Secondary Housing Finance Companies are required to submit Monthly Reports to OJK no later than the 10th of the following month.

2. In the event that the 10th date referred to in item 1 falls on a holiday, the Monthly Report must be submitted on the next working day.

IV. SUBMISSION PROCEDURES

1. Submission of Monthly Reports is conducted online through the OJK data communication network system.

2. In the event that the OJK data communication network system is not yet available, the Monthly Report is submitted online via the company's official electronic mail (email) by attaching a softcopy of the Monthly Report in spreadsheet format to LB.LJKL@ojk.go.id.

3. In the event that the Monthly Report is submitted offline, submission is conducted via a letter signed by the Board of Directors and addressed to:
   Financial Services Authority u.p. Director of Supervision of Other Financial Service Institutions Sumitro Djojohadikusumo Building, 14th Floor Jl. Lapangan Banteng Timur Number 2-4 Jakarta 10710

4. Submission of Monthly Reports offline as referred to in item 3 can be done in one of the following ways:
   a. handed in directly to the OJK office; b. sent via registered mail; or
   c. sent via a courier/courier service company.

5. Secondary Housing Finance Companies are deemed to have submitted the Monthly Report with the following provisions:
   a. for submission online via email, evidenced by an email receipt from OJK, b. for submission offline, evidenced by:

1. a receipt letter from OJK, if the report is handed in directly to the OJK office; or
2. a shipping receipt from the post office or courier/courier service company, if the report is sent via the post office or courier/courier service company.

6. In the event of changes to the OJK electronic mail (email) address as referred to in item 2 and/or changes to the OJK office address as referred to in item 3, OJK will communicate the address changes via letter or announcement.

V. SANCTION PROVISIONS

1. OJK establishes administrative sanctions in the form of a first written warning as regulated in Article 6 paragraph (3) of OJK Regulation Number 3/POJK.05/2013 concerning Monthly Reports of Non-Bank Financial Service Institutions, with a compliance period for the submission of Monthly Reports of no more than 30 (thirty) days from the establishment of the administrative sanction in the form of a first written warning.

2. If within the period referred to in item 1 the obligation to submit Monthly Reports has not been fulfilled, OJK establishes administrative sanctions in the form of a second written warning as regulated in Article 6 paragraph (4) of OJK Regulation Number 3/POJK.05/2013 concerning Monthly Reports of Non-Bank Financial Service Institutions, with a compliance period for the submission of Monthly Reports of no more than 30 (thirty) days from the establishment of the administrative sanction in the form of a second written warning.

3. If within the period referred to in item 2 the obligation to submit Monthly Reports has not been fulfilled, OJK establishes administrative sanctions in the form of a third written warning as regulated in Article 6 paragraph (4) of OJK Regulation Number 3/POJK.05/2013 concerning Monthly Reports of Non-Bank Financial Service Institutions, with a compliance period for the submission of Monthly Reports of no more than 30 (thirty) days from the establishment of the administrative sanction in the form of a third written warning.

VI. TRANSITIONAL PROVISIONS

1. Secondary Housing Finance Companies are required to submit Monthly Reports to OJK for the reporting period of September 2013 through the reporting period of August 2014 no later than the 15th of the following month.

2. In the event that the 15th date referred to in item 1 falls on a holiday, the Monthly Report must be submitted on the next working day.

VII. CLOSING

This OJK Circular takes effect on the date of establishment. To make everyone aware, it orders the announcement of this OJK Circular by placing it in the State Gazette of the Republic of Indonesia.

Established in Jakarta on November 25, 2013

EXECUTIVE HEAD OF SUPERVISOR OF NON-BANK FINANCIAL INSTITUTIONS FINANCIAL SERVICES AUTHORITY, Signed, FIRDAUS DJAELANI

Copy matches the original
Head of Legal Assistance Division
Legal Directorate
Signed,
Mufli Asmawidjaja

APPENDIX
CIRCULAR OF THE FINANCIAL SERVICES AUTHORITY NUMBER 10/SEOJK.05/2013 CONCERNING MONTHLY REPORTS OF SECONDARY HOUSING FINANCE COMPANIES

To:
Financial Services Authority u.p. Director of Supervision of Other Financial Service Institutions Sumitro Djojohadikusumo Building, 14th Floor Jl. Lapangan Banteng Timur 1 - 4 Jakarta - 10710

MONTHLY REPORT
Month... Year...
Secondary Housing Finance Company

(in millions of Rupiah)

DESCRIPTION | Rupiah | Foreign Currency | Total ASSETS Current Assets Cash and Cash Equivalents Short-term Investments a. Demand Deposits b. Time Deposits
c. Asset-Backed Securities
Loan Disbursements
Collateral and Credit Support
Servicer Transition Fund
Trade Receivables
Advances
Prepaid Expenses
Prepaid Taxes
Other Receivables
Other Assets
Non-Current Assets
Long-term Investments a. Demand Deposits b. Time Deposits
c. Government Bonds
d. Asset-Backed Securities
Loan Disbursements
Collateral and Credit Support
Other Receivables
Receivables from Affiliated Parties Fixed Assets - net Intangible Assets Deferred Tax Assets Accumulated Depreciation (-) Other Assets TOTAL ASSETS LIABILITIES Current Liabilities Tax Payables Accrued Expenses Other Current Liabilities Non-Current Liabilities Bonds Debt Instruments Estimation Liabilities for Employee Benefits Interest Payable on Debt Instruments TOTAL LIABILITIES EQUITY Paid-in Capital Retained Earnings (Deficit) a. Appropriated b. Unappropriated TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

Secondary Housing Finance Company
BALANCE SHEET
As of...

DESCRIPTION | Rupiah | Foreign Currency | Total INCOME Operating Income Interest Income Securitization Income Profit (Loss) from Fair Value Changes Traded Financial Instruments Profit (Loss) from Sale of Financial Instruments Other Operating Income Non-Operating Income Interest on Deposits Interest on Employee Loans Foreign Exchange Gain (Loss) Other Non-Operating Income TOTAL INCOME EXPENSES Operating Expenses a. Securitization Expenses b. Interest Expenses
c. Employees
d. Board of Directors and Commissioners e. Depreciation and Amortization Expenses f. Administration g. General h. Education and Training Non-Operating Expenses TOTAL EXPENSES PROFIT (LOSS) BEFORE TAX Income Tax Expense (Benefit) Current Deferred Total Income Tax Expense (Benefit) Profit for the Current Period OTHER COMPREHENSIVE INCOME AFTER TAX COMPREHENSIVE PROFIT (LOSS) FOR THE CURRENT PERIOD

Secondary Housing Finance Company
STATEMENT OF COMPREHENSIVE INCOME
Month... Year...
(in millions of Rupiah)

(in millions of Rupiah)
Year...
Month...
Loan Disbursements
Deposits
Government Bonds
Indonesian Retail Bonds
Asset-Backed Securities
Third Parties
Commissioners, Directors, and Employees Post-Employment Benefits (Addition) Sinking Fund Reduction of Sinking Fund Credit Support Placement of Credit Support Servicer Transition Fund Bond Interest Interest on Medium-Term Securities Income Tax Tax Refunds Reclassification - Long-term Deposits Disposal (Investment) in Bonds Purchase of Fixed Assets Addition of Assets Under Construction Addition of Other Assets Receipts from Bond Issuance Receipts from Medium-Term Securities Issuance Payment of Bond Principal Payment of Medium-Term Securities Principal Bond Issuance Costs Medium-Term Securities Issuance Costs Addition of Paid-in Capital Cash and Cash Equivalents at Year End (Addition) Loan Disbursements Receipts of Loan Installments Investment in Asset-Backed Securities Disposal of Asset-Backed Securities Receipts from Other Results As of...

Description
Net Increase (Decrease) in Cash and Cash Equivalents Cash Used for Investment Activities Cash Flow from Financing Activities Cash and Cash Equivalents at Beginning of Year Cash Flow from Operating Activities

Secondary Housing Finance Company
Receipts (Payments) of Cash from (for):
Cash Used for Operating Activities
Cash Obtained from Financing Activities CASH FLOW STATEMENT Receipts from Interest:
Receipts of Asset-Backed Securities Principal Installments Cash Flow from Investment Activities For the Period Ended

Start of Maturity | Interest Rate | Interest Type | ... Institution | Rating Agency | Interest Rate Period | Total (Rp) TOTAL LIST OF DETAILED ASSET-BACKED SECURITIES FROM SECURITIZATION

Secondary Housing Finance Company
Month... Year...
No. | Originator Name | Issuer | Purchaser | Rating

Current | In Watch | Special Care* | Substandard | Doubtful | Default | Installment | Prepayment | ...

Secondary Housing Finance Company
Month... Year...

• There are overdue principal and/or interest payments up to 90 days.
  Special Care Collectibility Criteria:
  According to BI Director Regulation No. 31/147/KEP/DIR on Productive Asset Quality, LIST OF DETAILED SECURITIZED MORTGAGE POOL COLLATERAL

Balance | TOTAL
Collectibility (%)

• Note:
  No. | EBA Name | Originator

• Non-principal violation of credit agreements.
• Complete credit documentation and strong collateral attachment.
• Good relationship between debtor and bank, and debtor always submits financial information regularly and accurately.
• Rarely experiences deficits.

Initial Value | Amortization | ...
LIST OF DETAILED LOAN DISBURSEMENTS

No. | Contract/Agreement No.
| Borrower Name | Financing Type | Term | Collectibility | Interest Rate | Financing Amount | Total
Number of KPR Debtors | TOTAL

Secondary Housing Finance Company
Month... Year...
Start of Maturity | Interest Rate | Interest Type | Outstanding Plafond

Start of Maturity | Interest Rate | Interest Type | ... Total

Secondary Housing Finance Company
TOTAL
Month... Year...
LIST OF DETAILED FUND PLACEMENTS

No. | Instrument Type | Issuer/Financial Institution Name | Rating (For Securities) | Rating Agency (For Securities) | Term | Interest Rate Quality

Start of Maturity | Interest Rate | Interest Type | Term | Interest Rate | Total

Secondary Housing Finance Company
TOTAL
Month... Year...
LIST OF DETAILED OUTSTANDING DEBT INSTRUMENTS ISSUED

No. | Purchaser Name

No. | Industry Segment | Amount | % | Description ... (In millions of Rupiah) End of month

Secondary Housing Finance Company
LIST OF DEBT INSTRUMENT HOLDERS

Rupiah | Foreign Currency | 3) Total | Rupiah | Foreign Currency | 3) Total | Rupiah | Foreign Currency | 3) Total ≤ 1 year 1 year < age ≤ 5 years 5 years < age ≤ 10 years

10 years
Total
Rupiah 2) | Foreign Currency 2) | Total 2)

Note:

1. In millions of Rupiah
2. In percentage
3. Already converted to Rupiah currency
   Current assets/liabilities are assets/liabilities with a life of less than 1 year up to 1 year Non-current assets/liabilities are assets/liabilities with a life of more than 1 year

Signed,
Legal Directorate

Signed,
FIRDAUS DJAELANI
Mufli Asmawidjaja

Asset to Liability Ratio 2)
Established in Jakarta on November 25, 2013 Copy matches the original HEAD OF EXECUTIVE SUPERVISOR OF NON-BANK FINANCIAL INSTITUTIONS FINANCIAL SERVICES AUTHORITY Head of Legal Assistance Division

Secondary Housing Finance Company
Description
Current Asset to Non-Current Asset Ratio Current Liability to Non-Current Liability Ratio ASSET AND LIABILITY MATCHING ANALYSIS REPORT As of...

Asset Age 1) | Liability 1)