Angka 12Pasal 19Ayat (1)Huruf aCuku

Angka 12
Pasal 19
Ayat (1)
Huruf a
Cukup jelas.
Huruf b
Cukup jelas.
Huruf c
Otoritas Jasa Keuangan berwenang untuk menetapkan kondisi dimana Bank berpotensi terganggu kelangsungan usahanya (point of non-viability) dan memerintahkan Bank untuk mengkonversi instrumen modal pelengkap menjadi saham biasa atau melakukan write down.
Dampak dilakukan write down antara lain pengurangan nilai kewajiban, pengurangan nilai kewajiban pada saat opsi beli dieksekusi atau pengurangan sebagian atau seluruh pembayaran imbal hasil.
Dalam dokumentasi penerbitan wajib terdapat klausul yang menyatakan bahwa instrumen modal pelengkap dapat dikonversi menjadi saham biasa atau dilakukan write down apabila terdapat perintah dari Otoritas Jasa Keuangan.
Huruf d
Instrumen modal pelengkap bersifat subordinasi terhadap antara lain deposan dan kreditur.
Huruf e
Cukup jelas.
Huruf f
Termasuk dalam pengertian diproteksi maupun dijamin oleh Bank atau Perusahaan Anak yaitu proteksi maupun jaminan yang diterima dari pihak lain tetapi dilakukan melalui Bank atau Perusahaan Anak, misalnya premi atau fee dalam rangka penjaminan dibayar oleh Bank atau Perusahaan Anak.
Huruf g
Yang dimaksud dengan “dividen atau imbal hasil yang sensitif terhadap Risiko Kredit” adalah tingkat dividen atau imbal hasil yang ditetapkan berdasarkan peringkat atau tingkat Risiko Kredit Bank penerbit.
Huruf h
Yang dimaksud dengan “fitur step-up” adalah fitur yang menjanjikan kenaikan tingkat suku bunga atau imbal hasil apabila opsi beli tidak dieksekusi pada jangka waktu yang telah ditetapkan.
Huruf i
Angka 1
Cukup jelas
Angka 2
Cukup jelas
Angka 3
Contoh memberikan ekspektasi adalah mempersiapkan kriteria atau kondisi tertentu yang memungkinkan opsi beli (call option) dapat dilakukan, kecuali apabila kriteria atau kondisi tersebut adalah sebagaimana tercantum pada Pasal ini.
Huruf j
Cukup jelas.
Huruf k
Cukup jelas.
Huruf l
Cukup jelas.
Huruf m
Cukup jelas.
Huruf n
Cukup jelas.
Ayat (2)
Huruf a
Cukup jelas.
Huruf b
Yang dimaksud dengan “kondisi rentabilitas Bank dalam keadaan yang baik” adalah apabila eksekusi opsi beli (call option) tersebut tidak mengganggu kelangsungan rentabilitas Bank.
Huruf c
Angka 1
Yang dimaksud dengan “kualitas sama atau lebih baik” adalah instrumen modal yang paling sedikit memenuhi persyaratan sebagai komponen modal pelengkap.
Angka 2
Batasan modal pelengkap diperhitungkan dengan memperhatikan seluruh instrumen modal pelengkap yang tersedia.
Contoh “jumlah yang berbeda”:
Modal pelengkap yang dieksekusi adalah Rp500 juta namun pada saat penggantian, modal inti Bank mengalami perubahan sehingga batasan modal pelengkap menjadi paling tinggi sebesar Rp400 juta.
Dengan kondisi ini, Bank dapat menggantikan modal pelengkap sebesar Rp400 juta.
Ayat (3)
Yang dimaksud dengan “metode garis lurus” adalah perhitungan amortisasi secara prorata.
Ayat (4)
Amortisasi dihitung berdasarkan nilai instrumen modal yang telah memperhitungkan pengurangan dari cadangan pelunasan (sinking fund).
Ayat (5)
Contoh ilustrasi pelaksanaan amortisasi:
a. Bank menerbitkan obligasi subordinasi yang memiliki jangka waktu 10 (sepuluh) tahun dan memiliki opsi beli pada akhir tahun kelima. Dalam kondisi ini, Bank mulai menghitung amortisasi sejak tahun pertama.
Apabila pada akhir tahun kelima, Bank tidak mengeksekusi opsi beli (call option), mulai awal tahun keenam obligasi subordinasi dapat diperhitungkan kembali dalam perhitungan KPMM dengan memperhatikan batasan yang dipersyaratkan, termasuk kewajiban untuk memperhitungkan amortisasi.
b. Bank menerbitkan obligasi subordinasi yang memiliki jangka waktu 10 (sepuluh) tahun dan memiliki opsi beli (call option) setelah lewat tahun kelima. Dalam kondisi ini, sisa jangka waktu instrumen pada awal penerbitan adalah 5 (lima) tahun. Amortisasi mulai diperhitungkan oleh Bank sejak tahun pertama.
Setelah lewat tahun kelima sampai dengan jatuh tempo, Bank tidak dapat memperhitungkan kembali obligasi subordinasi sebagai modal pelengkap meskipun Bank belum mengeksekusi opsi beli (call option).

結果 (英語) 1:

Figure 12Article 19Paragraph (1)The letter aIs quite clear.The letter bIs quite clear.The letter cThe financial services authority is authorized to establish the conditions under which the Bank is potentially disrupted the continuity of his business (point of non-viability) and ordered the Bank to convert an instrument supplementary capital into common stock or write down.Impact do write down, among others, a reduction in the value of liabilities, the reduction of the value of the liability at the time the options were executed or reduction of some or all of the yield payment.In the documentation there is a mandatory publication of clause stating that capital instruments complement can be converted into common stock or do write down if there is an order from the financial services authority.The letter dSupplementary capital instruments are subordinated against, among others, depositors and creditors.The letter eIs quite clear.The letter fIncluded in the notion of protected or guaranteed by the Bank or the company of Children, namely protection or assurances received from the other party but is done through a Bank or a company of children, such as premium or fee in order to guarantee paid by banks or companies.The letter gThe definition of "dividend or yield-sensitive credit risk" is the level of the dividend or yield that is assigned based on rank or level of Bank credit risk of the issuer.The letter hWhat is meant by "features step-up" is a feature that promises a rise in interest rates or the yield when the option to buy is not executed on a predetermined period of time.The letter iNumber 1Pretty obviousNumber 2Pretty obviousThe number 3Give examples of expectations is preparing criteria or specific conditions that allow the option to buy (a call option) can be done, unless the criteria or conditions are as listed on this article.The letter jIs quite clear.The letter kIs quite clear.The letter lIs quite clear.The letter mIs quite clear.Letter nIs quite clear.Paragraph (2)The letter aIs quite clear.The letter bThe definition of "conditions of earning ratios the Bank in good condition" is when the execution option to buy (call option) does not interfere with the continuity of the Bank's earning ratios.The letter cNumber 1What is meant by "the same or better quality" is a capital instrument of at least fulfill the requirements as a complementary component.Number 2Supplementary capital restrictions taken into account by considering the whole complement of capital instruments available.Example of a "number of different":Modal auxiliaries which are executed at Rp500 million but at the time of replacement, the core capital of the Bank experienced a change so that complementary capital constraints become most high amounting to Rp400 million.With this condition, the Bank can replace supplementary capital amounting to Rp400 million.Paragraph (3)The definition of "straight line method" is the calculation of amortization are prorated.Paragraph (4)Amortization is calculated based on the value of capital instruments that have been take into account the reduction of the reserve payment (sinking fund).Paragraph (5)Example illustration of the implementation of the amortization:a. the Bank issuing the bond of subordination which has a period of 10 (ten) years and have the option to buy at the end of the fifth year. In these conditions, the Bank began to calculate amortization since first year.If at the end of the fifth year, the Bank does not execute the option to buy (call option), start early sixth year bonds issuance can be taken into account in the calculation of return KPMM having regard to the restrictions required, including the obligation to take into account the amortization.b. the Bank issuing the bond of subordination which has a period of 10 (ten) years and have the option to buy (a call option) after the fifth year. In this condition, the remaining period of the instrument at the beginning of the publication is 5 (five) years. Amortization starts to be taken into account by the Bank since the first year.After passing the fifth year up to maturity, the Bank can not take into account the subordinated bonds back as complementary capital even though the Bank has yet to execute the option to buy (a call option).

結果 (英語) 2:

Figures 12
Article 19
Paragraph (1)
Letter a
Self-explanatory.
Letter b
Self-explanatory.
Letter c
Financial Services Authority is authorized to establish the conditions in which the Bank could be disrupted continuity of their business (the point of non-viability) and ordered the bank to convert the instrument supplementary capital into shares regular or had written down.
the impact do write down include a reduction in the value of liabilities, a reduction in the value of the obligation at the time of purchase options exercised or reduction of some or all of the payment yields.
in publishing documentation required a clause which states that the instrument supplementary capital can be converted into ordinary shares or do write down if there are orders from the Financial Services Authority.
Letter d
Instrument supplementary capital is subordinated to, among others, depositors and creditors.
Letter e
Self-explanatory.
Letter f
the definition of protected and guaranteed by the Bank or its subsidiaries namely protection and guarantees received from third parties but through the Bank or its subsidiaries, for example, premium or fee in order to guarantee paid by the Bank or its subsidiaries.
Letter g
What is meant by "dividends or yields are sensitive to credit risk" means the dividend rate or yield, defined by rank or level of Credit Risk the issuing bank.
Letter h
What is meant by "feature step-up" is a feature that promises increases in interest rates or yields when the purchase option is not exercised at the time period specified.
Letter i
Number 1
Self-explanatory
Number 2
Self-explanatory
Number 3
Example provides expectation is preparing a criterion or condition that allows the option to buy (call option) can be done, unless the criteria or conditions are as stated in this Article.
j
Self-explanatory.
Letter k
Self-explanatory.
Letter l
enough clear.
Letter m
Sufficiently clear.
Letter n
Self-explanatory.
Paragraph (2)
Letter a
Self-explanatory.
Letter b
What is meant by "conditions of profitability the Bank in a good state" is if the execution of the buy option (call option) does not interfere with continued profitability Bank .
Letter c
number 1
What is meant by "quality equal or better" means capital instruments that at least qualify as supplementary capital.
Figures 2
Limitation of supplementary capital calculated by taking into account all instruments supplementary capital available.
Examples of "the number of different":
supplementary capital that is executed is 500 million, but at the time of replacement, the core capital of Bank experience changes that limit supplementary capital into a maximum of 400 million.
with these conditions, the Bank may replace supplementary capital amounting to 400 million.
Paragraph (3)
the term "method straight line "is the prorated amortization calculation.
Paragraph (4)
amortization is calculated based on the value of equity instruments that have been taking into account the reduction of redemption reserve (sinking fund).
Paragraph (5)
An illustrative example implementation amortization:
a. Bank issued subordinated bonds have a term of ten (10) years old and has a purchase option at the end of the fifth year. In these conditions, the Bank began calculating amortization since the first year.
If at the end of the fifth year, the Bank does not execute an option to buy (call option), starting early sixth year subordinated bonds can be recalculated in the calculation of CAR with regard limitation requirements, including the obligation to take into account amortization.
b. Bank issued subordinated bonds have a term of ten (10) years and has an option to buy (call option) after the fifth year. In this condition, the remaining term of the instrument in the early issuance of five (5) years. Amortization started to be taken into account by the Bank since the first year.
After over five years to maturity, the Bank can not take into account the return of subordinated bonds as supplementary capital despite the Bank has not executed an option to buy (call option).