Banking Terms Based on the word / phrase from letter D (Part I / IV)

Banking Terms Based on the word / phrase from letter D (Part I / IV) :
DAF (Delivered at Frontier).

The term is usually followed by the name of the place, is a code in the International Commercial Terms (Incoterms), which means limits the responsibility of Seller / Seller to the Buyer / Buyer for export of both the cost of shipping goods, transport and the risk is limited to somewhere outside the borders Seller / The seller (usually occurs in the transaction in neighboring countries). Limits of responsibility include:
a. Carriage arranged by seller.
b. Risks and costs of switching from seller to buyer when the goods have been delivered at the border.
c. Seller handed when the goods are put in place the buyer when the arrival of the carrier, has not been dismantled, are free to export but not yet out for imports, at the appointed place at the frontier, but before the customs border of neighboring countries earlier.


Difference List.

Is a list containing items account the difference between branches or between branches of the Central Office. Normally the set procedure in which a list is the headquarters for the difference between accounts with the branches and Head Office Branch a more "old" for the branches are "younger". The list was created after the matching of inter-branch accounts for inter-office account balance should be. The function list of the difference disappeared after using the system "on line".

Daily Settlement Limit.

Is the determination of the amount of settlement that can be done every day to limit losses due to time differences between countries.

Systemic Impact.

Is the potential spread of the problem (contagion effect) of a troubled bank may cause liquidity problems that other banks that could potentially cause loss of confidence in the banking system and can negatively impact the stability of the financial system. Impact or systemic risk is assessed from the 2 (two) main aspects of the deployment problem (contagion) and economic loss (degree of loss) caused. Factors considered in determining systemic effects are:
(A) Internal factors, namely the difficulties faced likiditas one or more banks with systemic impact, and / or
(B) External factors
such as disturbance systemically important payment system, currency crises (currency crisis) and / or natural disasters that disrupt the stability of the financial system.


Data Encryption.

Is a computer term for a technique or tool that is used to obscure or disguise the data in order to secure confidential data and storing data, including through the use of character combinations with certain formats.

Electronic Financial Data (EFD).

Is the data transfer funds in an electronic format that is used as the basis for calculations in SKNBI (National Clearing System, Bank Indonesia).
EFD EFD Debit is to transfers made on the basis Debit Debit. Debit is a non-cash payment instruments are accounted for at the expense of the customer or the bank through the Clearing Debit. EFD EFD Credit is for credit transfers are made on the basis of credit transfer orders.

DDP (Delivered Duty Paid).

The term is usually followed by the name of the destination, is a code in the International Commercial Terms (Incoterms), which means limits the responsibility of Seller / Seller to the Buyer / Purchaser upon delivery of goods that have been prepared in good export costs, freight and limited risk until the goods enter into the customs territory of the Buyer / Purchaser. Thus Seller / Vendor is responsible for the permit revenues and fees and charges (import duty.
Limitation of responsibility includes:
a. Carriage arranged by seller.
b. Risks and costs of switching from seller to buyer when the goods are put into place the buyer.
c. The seller must bear all the risks and costs incurred in sending the goods to the place requested, including all import taxes (if any) in destination countries.
d. DDP stated maximum liability of the seller.

DDU (Delivered Duty Unpaid).

The term is usually followed by the name of the destination, is a code in the International Commercial Terms (Incoterms), which means the limits of responsibility of Seller or Seller whether the cost of goods, transport and limited risk to the port of destination, but is not responsible for the payment customs entry.
Thus DDU same as DES. The only difference is the import duty on components.
Limits of responsibility include:
(1) transportation of regulated sellers.
(2) The risk and cost of switching from seller to buyer when the goods are put in place the buyer.
(3) The seller must bear all costs and risks incurred in transporting goods to the requested site (without import taxes).

Blacklisted Individuals Bank (DHIB).

Is a list prepared by the Bank which include data Attractor Checks and / or empty Giro set by the Bank concerned.

National Black List (DHN).

Is a list of which is a collection DHIB (Blacklisted Individuals Bank) in Bank Indonesia for which data are derived from KPDHN (Office of the National Black List Manager) to be accessed by the Bank.

Fit and proper list (List Not Passed).

Is a list of parties who received the title Not Eligible (Disqualified) in a fit and proper test.

List of Operator (in Money Transfer).

Is a list issued by Bank Indonesia, which contains the identity of the Operator who has done Enrollment in Bank Indonesia or have obtained approval from Bank Indonesia.

List Details of Related Parties.

Is a list of at least contain the details of shareholders, board, business sector / businesses, as well as control of and relationships between each of the Related Parties. In terms possible, the preparation of a detailed list of Related Parties also includes a diagram the structure of business groups (corporate tree) from related party of the Bank. In preparing the list of Related Parties, the Bank include all the parties included in the definition of Related Party, both parties have the exposure directly or indirectly, or have no exposure to banks.

Continued to Part II