Summary : I. DEFINITION OF FLIS

Sharia Principle-Based Intraday Liquidity Facility (FLIS) is a funding facility provided by Bank Indonesia to Bank in its capacity as the member of the BI-RTGS System and SKNBI provided by means of agreement on securities repurchase (repo) which must be settled on the same day as the day of use.

II. APPLICATION REQUIREMENTS & PROCEDURES FOR FLIS

Bank may use FLIS in the form of FLIS-RTGS or FLIS-Clearing in the event that the Bank:

1. has securities which may be subject to repurchase by Bank Indonesia in the form of SBIS, SBSN and/or other sharia securities stipulated by Bank Indonesia;

2. has an active status as the member of BI-SSSS; and

3. has an active status as the member of BI-RTGS and/or is not subject to the imposition of sanction of suspension as the member of SKNBI.

In order to be able to use FLIS, the Bank must obtain prior approval from Bank Indonesia by filing a written application to Bank Indonesia by way attaching:

1. agreement on the use of FLIS;

2. a copy of the Bank’s articles of association or the power of attorney granted by the head office of the Bank to its branch, the head office of which is domiciled abroad which has been declared to be issued as original copy by the Bank; and

3. other supporting documents.

FLIS is used automatically in the event that:

1. the balance of the Bank’s rupiah giro account with Bank Indonesia is insufficient to conduct outgoing transaction; or

2. the balance of the Bank’s rupiah giro account with Bank Indonesia is insufficient to perform the Bank’s obligations with regard to the final settlement of Debit Clearing, FLIS-Clearing

The maximum value of FLIS which may be used by the Bank is equal to the amount of value of SBIS and/or SBSN and/or other sharia securities stipulated by Bank Indonesia which may be subject to repurchase in the context of FLIS-RTGS or FLIS-Clearing.

Specifically for FLIS-Clearing, the value of securities available for FLIS-RTGS is automatically used to perform the obligations with regard to the final settlement of Debit Clearing. However, it is not applicable vice versa.

Bank Indonesia may charge fees for the use of such FLIS.

IV. SETTLEMENT

1. FLIS is automatically settled by the BI-RTGS System any time an incoming transaction is made crediting the relevant Bank’s rupiah giro account with Bank Indonesia until the deadline for FLIS settlement.

2. The value of FLIS which cannot be settled until the deadline for FLIS settlement is treated as a repurchase transaction with Bank Indonesia with 1 (one) day term.

1. In the event of failure of the BI-RTGS System and/or BI-SSSS which as a result, the Bank is unable to settle FLIS, FLIS is settled automatically in the event that an incoming transaction is made by the BI-RTGS System, immediately after the BI-RTGS System and/or BI-SSSS is back in operation.

2. The Bank which, upon the coming into effect of this Regulation of Bank Indonesia has signed an Agreement on the Use and Collateralization of FLIS must replace the agreement with the Agreement on the Use of FLIS as set forth in the Circular Letter of Bank Indonesia.

1. Further provisions of this Regulation of Bank Indonesia shall be set forth in the Circular Letter of Bank Indonesia

2. The Regulation of Bank Indonesia shall revoke and declare as void Regulation of Bank Indonesia Number 7/24/PBI/2005 dated August 3, 2005 concerning the Sharia Principles-Based Intraday Liquidity Facility.

3. This Regulation of Bank Indonesia shall come into effect as of the date of its stipulation.