ProdukHukum BankIndonesia mou menkeu bi

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JOINT DECREE OF

MINISTER OF FINANCE AND

GOVERNOR OF BANK INDONESIA

NUMBER 17/KMK.05/2009 NUMBER 11/3/KEP.GBI/2009

CONCERNING

COORDINATION OF GOVERNMENT CASH MANAGEMENT

THE MINISTER OF FINANCE AND

THE GOVERNOR OF BANK INDONESIA,

Considering : a. that in the management of Government Cash as referred to in Act Number 1 of 2004 concerning State Treasury and Government Regulation Number 39 of 2007 concerning Central/Regional Government Cash Management, it is deemed necessary to establish a coordination between the Minister of Finance and the Governor of Bank Indonesia;

b. that the coordination has in view that the Government Cash management shall not disturb smoothness of government cash flows in the State Budget and to maintain the macroeconomic stability;

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Government Cash Management

In view of : 1. Act Number 17 of 2003 concerning Government Finance (State Gazette of the Republic of Indonesia Number 47 of 2003, Supplement to the State Gazette of the Republic Indonesia Number 4287);

2. Act Number 1 of 2004 concerning State Treasury (State Gazette of the Republic of Indonesia Number 5 of 2004, Supplement to the State Gazette of the Republic of Indonesia Number 4355);

3. Act Number 23 of 1999 concerning Bank Indonesia (State Gazette of the Republic of Indonesia Number 66 of 1999, Supplement to the State Gazette of the Republic of Indonesia Number 3843) as amended several times and the last time by Act Number 6 of 2009 (State Gazette of the Republic of Indonesia Number 7 of 2009, Supplement to the State Gazette of the Republic of Indonesia Number 4962);

4. Government Regulation Number 39 of 2007 concerning Central/Regional Government Cash Management (State Gazette of the Republic of Indonesia Number 83 of 2007, Supplement to the State Gazette of the Republic Indonesia Number 4738);

5. Presidential Decree Number 20/P of 2005.

HAS DECREED :

To enact : JOINT DECREE OF MINISTER OF FINANCE AND GOVERNOR OF BANK INDONESIA CONCERNING COORDINATION OF GOVERNMENT CASH MANAGEMENT.

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including holidays in State Treasury Account with Bank Indonesia at Rp2,000,000,000,000.00 (two trillion rupiah) for rupiah account and equivalence of USD1,000,000.00 (one million United States dollars) for foreign exchange USD and non-USD accounts.

SECOND : The State Treasury may invest any excess balance of the State Treasury Account in Investment Spending Account with Bank Indonesia comprising Rupiah Investment Spending Account, USD Foreign Exchange Investment Spending Account, and Non-USD Foreign Exchange Investment Spending Account.

THIRD : The interest rate on Government Cash (rupiah and foreign exchange) in the State Treasury Account is 0.1% (zero point one per one hundred) per annum and the interest rate on each Investment Spending Account per annum is :

a. For Rupiah Investment Spending Account, at 65% (sixty five per one hundred) of Bank Indonesia policy rate (BI Rate);

b. For Foreign Exchange USD Investment Spending Account, at 65% (sixty five per one hundred) of Fed Fund Rate;

c. For Non-USD Foreign Exchange Investment Spending Account, at 65% (sixty five per one hundred) of the foreign exchange home currency policy rate.

FOURTH : Calculation of interest shall be based on end of day average balance in one month for each account either State Treasury Account or Investment Spending Account.

FIFTH : By the enactment of this Joint Decree of Minister of Finance and Governor of Bank Indonesia :

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Investment Spending Account with Bank Indonesia which the interest shall be calculated as of January 2009 and the payment of interest on end of day average balance for the current one month shall be calculated at the end of the current month.

b. Especially for the interest for January 2009, the payment shall be carried out together with the payment of the interest for March 2009 because the interest for January 2009 shall be calculated manually while automatic calculation shall be implemented as of February 2009.

c. The Government shall implement a full Revenue Treasury Single Account (TSA) no later than January 1, 2009, as the schedule agreed by the Ministry of Finance and Bank Indonesia and becoming an inseparable Appendix of this Joint Decree of Minister of Finance and Governor of Bank Indonesia.

SIXTH : Any other Government Account may be treated as Investment Spending Account as far as it complies with provisions in Article 15 and Article 36 of Government Regulation Number 39 of 2007 concerning Central/Regional Government Cash Management and after the Government notifies Bank Indonesia that the other Government Account has been categorized as Investment Spending Account.

SEVENTH : In the implementation of the full TSA the balance of any State Treasury Account with commercial banks functioning as Revenue Account and Spending Account shall be made null at end of day to be deposited to the State Treasury Account with Bank Indonesia.

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with Bank Indonesia may be revised every 6 (six) months and in the event of any disagreement with the interest rate, the applicable interest rate shall be extended up to a new agreement is reached.

NINTH : The Minister of Finance may invest any excess balance in the State Treasury Account in commercial banks under coordination with the Governor of Bank Indonesia in regard to the investment amount and time.

TENTH : In case of any failure in the implementation of any matter agreed in this Joint Decree of Minister of Finance and Governor of Bank Indonesia by any party, one of the parties may request for a meeting between the Governor of Bank Indonesia and the Minister of Finance to review the implementation of this Joint Decree of Minister of Finance and Governor of Bank Indonesia.

ELEVENTH : To implement this Joint Decree of Minister of Finance and Governor of Bank Indonesia the Ministry of Finance shall issue Minister of Finance Regulation and Bank Indonesia shall issue Board of Governors Regulation in accordance with respective authority.

TWELFTH : This Joint Decree of Minister of Finance and Governor of Bank Indonesia shall come into force as of the date of its enactment and retroactively be effective since January 1, 2009.

Copy of this Joint Decree of Minister of Finance and Governor of Bank Indonesia shall be submitted to:

1. Minister of Finance;

2. Governor of Bank Indonesia;

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5. Deputy Governor of Bank Indonesia.

Enacted in Jakarta

Dated January 30, 2009

THE GOVERNOR THE MINISTER

OF BANK INDONESIA, OF FINANCE,

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Appendix to Joint Decree of Minister of Finance and Governor of Bank Indonesia Number 17/KMK.05/2009 and 11/3/KEP.GBI/2009 concerning Coordination for Government Cash Management

SCHEDULE OF IMPLEMENTATION OF REVENUE ACCOUNT ON THE FOLLOWING WORKDAY

UP TO FULL REVENUE TREASURY SINGLE ACCOUNT

Stage Directorate General

of Treasury Regional Office

Treasury Office

Bank/Post Office Counterparty

Time of Implementation

1 Bandung

Regional Office XII

Pekanbaru

Regional Office IV

Bandung I

Bandung II

Karawang

Batam

- Bank Mandiri, Bina Citra Branch Office

- Bank BRI, Naripan Branch Office

- Bank Danamon, Otista Branch Office

- Bank BNI, Asia Africa Branch Office

- Bank Jabar, Suci Branch Office

- PT Pos Bandung

- Bank Mandiri, Karawang Branch Office

- Ban BRI, Karawang Branch Office - Bank BNI, Karawang

Branch Office

- Bank Danamon, Karawang Branch Office

- Bank Jabar, Karawang Branch Office

- PT Pos Karawang

- Bank Mandiri, Lubuk Baja Branch Office

- Bank BRI, Batam Branch Office

- Bank BNI, Batam Branch Office

- Bank Danamon, Batam Branch Office

November 3, 2008

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Stage Directorate General of Treasury Regional

Office Treasury Office Bank/Post Office Counterparty Time of Implementation

- PT Pos Batam

II Bandung

Regional Office XII

Pekanbaru

Regional Office IV

All Regional Offices

Bandung I Bandung II Karawang Batam All Offices All perception bank/perception foreign exchange bank/perception post office counterparties

All perception

bank/perception foreign exchange bank/perception post office counterparties

All perception

January 15, 2009

III Pekanbaru

Regional Office IV

Serang

Regional Office X

Bandung

Regional Office XII

Yogyakarta

Regional Office XIV

All Offices All Offices All Offices All Offices All perception bank/perception foreign exchange bank/perception post office counterparties

All perception

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Stage Directorate General of Treasury Regional

Office Treasury Office Bank/Post Office Counterparty Time of Implementation Palu

Regional Office XXIV

Manado

Regional Office XXVII

All Offices

post office counterparties

All perception

February 2009

IV Jambi

Regional Office V

Palembang

Regional Office VI

Bengkulu

Regional Office VIII

Palangkaraya

Regional Office XVII

Denpasar

Regional Office XX

Mataram

Regional Office XXI

Kendari

Regional Office XXV

All Offices All Offices All Offices All Offices All Offices All Offices All Offices All perception bank/perception foreign exchange bank/perception post office counterparties

All perception

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Stage Directorate General of Treasury Regional

Office Treasury Office Bank/Post Office Counterparty Time of Implementation

V Pangkalpinang

Regional Office IX

Medan

Regional Office II

Pontianak

Regional Office XVI

Jayapura

Regional Office XXX

Jakarta

Regional Office XI

All Offices All Offices All Offices All Offices Jakarta II and Jakarta IV All perception bank/perception foreign exchange bank/perception post office counterparties

All perception

April 2009

VI Banda Aceh

Regional Office I

Padang

Regional Office III

Semarang

Regional Office XIII

Ternate Regional Office XXVIII All Offices All Offices All Offices All Offices All perception bank/perception foreign exchange bank/perception post office counterparties

All perception

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Stage Directorate General of Treasury Regional

Office Treasury Office Bank/Post Office Counterparty Time of Implementation Jakarta

Regional Office XI

Kupang

Regional Ofice XXII

Samarinda

Regional Office XIX

Jakarta III and Jakarta V

All Offices

post office counterparties

All perception

May 2009 May 2009 May 2009 VII Bandar Lampung Regional Office VII

Surabaya

Regional Office XV

Ambon

Regional Office XXIX

Gorontalo

Regional Office XXVI

Jakarta

Regional Office XI

Banjarmasin

Regional Office XVIII

All Offices All Offices All Offices All Offices Jakarta I All Offices All perception bank/perception foreign exchange bank/perception post office counterparties

All perception

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Stage Directorate General of Treasury Regional

Office

Treasury Office

Bank/Post Office Counterparty

Time of Implementation

Makassar

Regional Office XXIII

All Offices All perception

banks/perception foreign exchange/perception post office counterparties

June 2209

VIII All Regional Offices

Stage of end of workday

implementation (H+0) in several Offices

Implementation of end of workday

implementation (H+0)

All Offices All perception

July 2009

January 2010

THE GOVERNOR THE MINISTER

OF BANK INDONESIA, OF FINANCE,