Product & Services

A. Foreign Exchange Transaction

TOD 

TOD transaction is a foreign exchange transaction of buying or selling foreign currencies where the settlement is done in the same day with the deal date when transaction occurred.

TOM 

TOM transaction is a foreign exchange transaction of buying and selling foreign currencies where the settlement is done 1 (one) business day after the deal date when transaction occured.

SPOT

SPOT transaction is a foreign exchange transaction of buying or selling foreign currencies where the settlement is done 2 (two) business days after the deal date when transaction occured.

FORWARD 

FORWARD transaction is a foreign exchange transaction of buying or selling foreign currencies where the settlement is done more than 2 (two) business days after the deal when transaction occured.

SWAP 

SWAP transaction is a transaction of "sell-buy" or "buy-sell" of one currency to another which is done at the same time, with the same counter party, base on agreeable exchange rate and term, in consideration of interest rate differential of both currency.


B. Foreign Currencies

    USD, JPY, EUR, SGD, CHF, AUD, HKD, GBP, THB (for TT)
    USD, JPY (for Bank Notes and TC)


C. Benefit and Risk

Benefit

  • To fulfill and accommodate the customer needs. 
  • As one alternative hedging instrument of customer for example export process, foreign 
  • exchange obligation and maturity loan.

Risk

1. Market Risk

Risk occurred due to market interest fluctuation.

2.    Operational Risk

The dysfunction of internal process, human error, system failure or external problem.

FX Transaction With Domestic Parties

Transaksi Valas

Tipe Transaksi Valas

Nominal Transaksi

Dokumen yang diperlukan

Underlying Transaction

Surat Pernyataan

Fotocopy ID dan NPWP

Buying

Spot

>USD.25.000/month (threshold)

≤USD.25.000/month (threshold)

x

x

Derivative

> USD.100.000/month (threshold)

≤USD.100.000/month (threshold)

x

x

Selling

Forward

>USD.5.000.000/ month (threshold)

x

<USD.5.000.000/ month (threshold)

x

Option

>USD.1.000.000/ month (threshold)

x

x

x

<USD.1.000.000/ month (threshold)

x

x

x

Settlement by netting of the initial derivatives transaction ≤ Threshold

Derivative Buy

Derivative Sell (forward or option)

x

Settlement by netting of the initial derivatives transaction > Threshold

Derivative Buy

x

x

x

Derivative Sell (forward or option)

x

x

x

Domestic Parties:

  • Indonesian Citizens ; and
  • Business entity other than a bank incorporated in Indonesia, domicilied in Indonesia, and has a Taxpayer Identification Number (NPWP)

Note:

The underlying transaction must be submited to the Bank no later than 5 (five) working days after the date of the transaction, unless the maturity transaction is sooner than 5(five) working days thus the document must be submitted on the value date

 

FX Transaction with Foreign Parties

Foreign Exchange Transaction

 

Type of Forex

Nominal Transaction

Required Documents

Underlying Transaction

Statement Letter

Buying

Spot

>USD.25.000/month (threshold)

≤USD.25.000/month (threshold)

×

Derivative

> USD 100.000/month (threshold)

≤ USD 100.000/month (threshold)

×

x

Selling

Derivative

> USD 5.000.000.- per transaction per customer (threshold)

≤USD 5.000.000 - per transaction per customer(threshold)

×

×

Settlement by netting of the initial derivatives transaction

> threshold

x

x

≤ threshold

Foreign parties:

a. Foreign citizens: those who have citizenship other than Indonesian, including those having permanent residence or residence permit in Indonesia.

b.       Foreign legal entities or other foreign organizations, but does not include:

  • Foreign Bank Branch Offices in Indonesia;
  • Foreign Investment Company; and
  • Foreign legal entity or a foreign institution that has a non-profit activity.

c.  Indonesian citizens who have permanent resident in another country and not domiciled in Indonesia.

Note:
The underlying transaction must be submitted to the Bank no later than 5 (five) working days after the date of the transaction, unless the maturity transaction is sooner than 5 (five) working days thus the document must be submitted on the value date.