Acquisition.
Is the takeover of ownership of a bank
Public Accountants.
Is an accountant who has a business license to conduct audits of service issued by Ministry of Finance.
Alamiyah.
Is a conception of Islamic banking on something that can be done and accepted by, with and for all interested parties (stakeholders) without distinction of race, religion, race and class, in accordance with the spirit of the universe kerahmatan (rahmatan lil alamin).
ALCO (Asset and Liability Committee).
Is an institution in the organization of commercial banks to support the effective implementation of Asset and Liability Management (ALMA)
ALCO policy coverage includes:
(A) A description of the responsibilities, frequency of ALCO meetings, and membership ALCO
(B) A description of the reporting lines between the ALCO and the Board of Directors
(C) A description of the fund investment strategy
(D) hedging strategy
(E) funding strategy
(F) Pricing strategy
(G) The management of interest rate risk
ALMA (Asset and Liability Management).
Management of Asset and Liability Management is one of the processes of risk management at Commercial Bank. ALMA Bank apply to carry out the functions of control interest rate risk, exchange risk, and risk likiditas. To support the effective implementation of ALMA, the bank formed Asset and Liability Committee (ALCO) which is adapted to scale the organization committee with the volume and complexity of banking transaction relating to the implementation of ALMA.
ALCO consists of members of the field of credit, treasury, funding is authorized and relevant Directors.
All Risks.
Insurance coverage is a term in which the Penganggung / insurer shall provide compensation for any loss or physical damage to goods caused by factors outside without looking at the percentage. Closure of this risk is as a continuation of the closure of WA and does not cover the risks due to war, strikes riots, seizure, detention and other risks that are not included in the FC & S (Free of Capture and seizure = Collateral free from arrest and foreclosure) and SR & CC (Strikes, Riots and Civil Commotion) and Warranty (Guarantee free of strikes, riots and noises) but these risks are specifically agreed upon. This type of insurance coverage is widely used for valuables and luxury goods and motor vehicles.
Al-Qard.
Is a contract of loan (funds) to the customer provided that the customer must return the funds it receives to the Islamic Financial Institutions (LKS) on time as agreed by the LKS and customer.
Al-Qard embodies the addition worksheets as well as the Commercial Institute of Social Institutions that can boost the economy to the fullest.
Al - Sharf (Offers to buy the currency).
Is buying and selling currencies based on sharia principles that should be done with the following conditions:
Type of transaction
(1) Spot Transaction.
Namely the purchase and sale of foreign currency for delivery at the time (over the counter) or a settlement at the latest within a period of 2 (two) days.
(2) Forward Transaction.
Namely the purchase and sale transactions whose value is set at the present time and the enactment for the future, between 2 x 24 hours up to one year.
(3) Swap Transactions.
That is a contract of purchase or sale of spot foreign exchange at a price which, combined with the purchase of sale of foreign currency equal to the price forward.
(4) Transaction Option.
That is a contract to acquire rights in order to buy or sell the rights for which must not be made on a number of units of foreign currency on the price and time period or a specific end date.
Earning Assets.
Are all assets in rupiah and foreign currency held by banks with a view to earn income, which includes:
1. Loans.
2. Securities.
3. Placement of funds with other banks, both domestic and foreign investment except in the form of demand.
4. Acceptances receivable, receivables for securities purchased under agreement to resell (reserve purchase agreement), Derivative,
5. Investments.
6. Balance sheet items, as well as other forms of provision of funds which can be equated with that
Earning Assets Classified (APD).
Assets are either already or that contain potential no earnings or result in losses, which amount shall be as follows:
(A) 25% (twenty five percent) of credit is classified as Special (special mention); and
(B) 50% (fifty percent) of loans classified as Substandard (sub standard); and
(C) 75% (seventy five percent) of credit is classified Doubtful (Doubtful); and
(D) 100% (hundred percent) of loans classified as Loss (Loss) are still recorded in the books of banks and securities classified as Loss
Payment.
Payment instrument is a specific unit that has a value of payment known as money. Money is one of the main payment instrument in force in the community. Furthermore, the means of payment continues to evolve from a means of payment in cash (cash based) to a non-cash means of payment (non cash) such as paper-based payment instruments (paper based), for example, checks and demand deposit. Also known paperless means of payment such as electronic funds transfer and payment using the card (card-based) (ATM, Credit Cards, Debit and Prepaid Cards)
Card Based Payment Instrument.
Is a means of payment in the form of a credit card, Automated Teller Machine (ATM), debit cards and / or prepaid cards
Non-cash payment instrument.
Non-cash means of payment is a payment instrument commonly used community, banks and institutions other than banks (LSB), both in the process of transferring funds, clearing and settlement system of the final (settlement). Non-cash payment instruments already developed and increasingly prevalent. Currently non-cash payment transactions with a value of Bank Indonesia conducted through the BI-RTGS (Real Time Gross Settlement) and the Clearing System. For information, the BI-RTGS system is the estuary of the entire settlement of financial transactions in Indonesia. People who used to wear non-cash means of payment referred to as' Less Cash Society (LCS).
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