Banking Terms Based on the word / phrase from letter A (Part IV / End)

Banking Terms Based on the word / phrase from letter A (Part IV / End) :

Automated Teller Machine (ATM / Automatic Teller Machine).

(1) is the activity of cash that is done electronically to facilitate customers, among others, in order to withdraw or deposit in cash, or make a payment through the transfer of the books or obtain information on customer account balances or mutation. (10)
(2) In terms of Information Technology Systems, an ATM is one type of terminal or computer system used by banks, which is connected to other computers via the data communication that allows one bank customer can store and retrieve money dibank, or conduct other transactions without human assistance .


Anti Money Laundering (APU) and the Prevention of Terrorism Financing (PPT).

Is the prevention and eradication of money laundering and terrorism financing. Banks are required to apply the APU program and PPT.
In the application of APU and PPT programs, the Bank shall be guided by the provisions stipulated in Bank Indonesia Regulation. APU and PPT Program is part of the application of Bank's overall risk management.

Credit Application.

Is proposed credit to customers of the bank branch to its Central Office which contain a credit analysis, credit limit of the proposed requirements and recommendations of the branch. Credit applications filed in accordance kewenagan credit authority decided that the Central Office shall be submitted to Head Office and Regional Offices the authority of credit filed with the Regional Office. Credit Analysis of the authority of the Head of Bank Branch Analysis Memorandum prepared in the same function with the credit application.

SSSS Terminal application (Applications ST).

Is the application of a computer system at the BI-SSSS consisting of ABS (Automatic Bidding System) to conduct transactions with Bank Indonesia, SSTS to perform settlement of securities transactions in the secondary market, the supervisory function, among others, to apply for funding of Bank Indonesia and the Enquiry to view Securities and position information

Applicant (Petitioner).

Is a person or customer who submitted something to the bank, generally the term is used in foreign exchange transactions such as foreign currency transfer request, the request of Bank Guarantee currency, opening of L / C import, and so on. To request the opening of L / C import is often also used the word "opener" in lieu of the importer. The term is also used for transactions in the L / C Letter of Credit Local or undocumented Domestic (SKBDN) (9)
(Source: Banking Practice)

APT (Deed Granting Dependant).

Is the owner or director of corporate security for the debts of
the bank on behalf of the company personally. This means that in addition to the guarantees have been submitted by companies, banks also may request personal guarantees from the management or owners. Deed made notaril as "Deed Granting dependents" which contains the owner or caretaker attachment to guarantee repayment of credit with his personal possessions. APT typically charged to borrowers who lack sufficient collateral managers and owners of companies concurrently (key person)

APU (Debt Recognition Certificate).

Is an agreement which was signed for the settlement of debts between the obligor (debtor) to IBRA, especially for the obligor (debtor) who do not need to submit additional assets, which will pay off its obligations by mortgage and the sale of IBRA assets already controlled
Arranging Bank.

Is the banks that arrange financing against a debtor. His job is to bring banks and financial institutions that will provide financing to a debtor, negotiate terms, share of each participant and other requirements, after discussing the terms of the financing to prospective borrowers. Normally arranging bank acts as an agent representing the interests of all members of the syndicate in the implementation or realization of financing as well as in dealing with debtors. To his duties as an arranger, arranging banks earn fees arranging

Financial assets.

Is any asset in the form:
(A) cash;
(B) another entity's equity instruments;
(C) contractual rights;
(I) to receive cash or another financial asset from another entity; or
(Ii) to exchange financial assets or financial liabilities with another entity with conditions that potentially profitable entity, or
(D) a contract that will or may be solved by using the entity's equity instruments is concerned and is a:
(I) non-derivative in terms of the entity must or may be required to receive a variable amount (variable number) of the entity's equity instruments; or
(Ii) derivative that will or may be settled other than by exchanging a certain amount of cash or another financial asset for a predetermined amount (fixed amount) of the entity's equity instruments. For this purpose, the entity's equity instruments do not include their own instruments are contracts to receive or deliver such entity's equity instruments in the future.

Financial assets are transferred (in asset securitization).

Are financial assets consisting of loans, claims arising from securities, bills which arise in the future (future receivables) and other financial assets are equal. Financial assets are transferred shall fulfill the following criteria:
a. Having cash flow (cash flows)
b. Owned and in control of the debtor origin.
c. Freely transferable to the Issuer EBA. (3)
.

Asset to Bond Swap.

Is the term for the purchase of assets ex. IBRA by the Bank Recap using Government Bonds (Bonds Recap). Bank Indonesia to limit the purchase of assets by IBRA Banks maximum of 50% of Core Capital bank. Assets purchased can be categorized as to the collectibility of Earning Assets smoothly for 1 year from the purchase of the obligations of the establishment of reserves by 1% Earning Assets (General Reserves). Purchase of credit assets by using Recap Bonds must be approved by the seller (IBRA). This practice took place during the IBRA has not been dissolved.

Import Identification Number (API).

Is the identification that must be possessed by every importer or companies that import trade. API imposed to prevent the misuse of import activity and various other deviant acts.