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

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

 
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).

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

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

Air Way Bill.


Air freight is a document that serves as a contract of carriage of goods and proof of delivery of goods only and not an ownership document.

Akad (On Islamic banks).

Is a written agreement containing consent (offer) and qabul (acceptance) between banks and other parties that contains the rights and obligations of each party in accordance with Islamic principles.

Akad Eve.

Akad diversion is from those who owe debts to other parties who shall assume or pay.

Akad Ijara.

Akad is providing funds in order to transfer use rights or benefits of a good or service based on leasing transactions, without being followed by transfer of ownership of the goods themselves

Akad ijarah muntahiya bittamlik.

Akad is providing funds in order to transfer use rights or benefits of a good or service based on leasing transactions with an option of transfer of ownership of goods.

Akad Istishna.

Akad Financing is ordering the manufacture of goods in the form of certain goods with certain criteria and conditions agreed between the buyer or the buyer (mustashni ') and the seller or manufacturer (shani')

Akad Kafalah.

Akad bail is granted one party to another, in which the collateral giver (kafil) responsible for the repayment of debts which are entitled to receiving assurance (makful

Akad loans or credit agreements.

Is agreement between banks and borrowers on lending by banks to borrowers which include the amount of credit, the duration of the loan, interest rates, the guarantees given, obligations of the debtor in payment of principal and interest, fines and other requirements. (

'Akad mudaraba' in collecting funds.

Akad is the first cooperation between the parties (malik, Shahibul mall, or Customer) as the owner of the funds and the second ('amyl, mudharib, or Islamic Bank) acting as manager of the fund by dividing the profits in accordance with the agreements set forth in the contract

'Akad mudaraba' in Financing.

Akad

Banking Terms Based on the word / phrase from letter A

Banking Terms Based on the word / phrase from A :

Accounts Officer.

Is a bank officer (general staff employees) who deal with matters relating to fundraising activities or the provision of credit. Since the task is directly related to the Loan Officer Marketing activities, often used other terms such as Marketing Officer or Marketing staff. Accounts Officer in charge of credit is often called the Loan Officer.
Account officers typically handle or serve specific customers are fixed in a certain period. Thus the relevant know the needs or characteristics / special things to note about the accounts of certain clients

Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

Islam is an international non-profit agency otonon that provide standard accounting, auditing, governance and Shariah for Islamic financial institutions.
AAOIFI was established under an agreement signed by Islamic financial institutions (Islamic financial institution) at 1 Safar 1410 H (February 26, 1990) in Algeria and Bahrain Country tedaftar on the 11th of Ramadan 1411 H (March 27, 1991).
AAOIFI Objectives:
1. Develop accounting, auditing, governance and ethics related to the activities of Islamic financial institutions taking into account international practices and standards in accordance with the laws of Shariah.
2. Promulgate accounting, auditing, governance and ethics relating to the activities of Islamic financial institutions and practices through training / seminars, regular publications, preparation of reports and other means.
3. Harmonization of accounting policies and procedures adopted by Islamic financial institutions through the preparation and publication of standards that are interpreted equally by those institutions.
4. Improving the quality and uniformity of auditing practices and governance related to premises activities of Islamic financial institutions through the preparation and issuance of auditing standards and governance diiterpretasikan equally by the agency.
5. Improving practices good ethics associated with Islamic financial institutions through the preparation and publication of 'Code of Ethics' for these institutions.
6. Seek similarity and conformity to the concepts and applications among agencies "Supervisor Sharia" Islamic financial institutions in order to avoid contradictions and inconsistencies between the fatwa and implementation.

Akad Wadi'ah.

Are Akad care goods or money between parties who have goods or money and those entrusted with the aim to maintain the safety, security, and integrity of goods or money

ACFTA (ASEAN - China Free Trade Agreement).

Also called China Asean Free Trade Agreement, is the cooperation of six member states of ASEAN, namely Indonesia, Thailand, Malaysia, Singapore, and Brunei Darussalam Filipinos on one hand and China on the other. The Government of Indonesia has built an international agreement with China-related trade area between China and the free countries of ASEAN, or often called the China-Asean Free Trade Aggrement (CAFTA). The agreement was implemented by the Government in Bandar Seri Begawan, Brunei, on November 6, 2001. The agreement came into force since January 1, 2010.

Acquirer.

Is a Bank or Non Bank conducting Card Payment Instrument which may be a financial acquirer and / or technical acquirer. Financial acquirer is the acquirer who make payments in advance of transactions made by cardholders. While the technical aquirer acquirer that provides a means is required in the processing of Card Payment Instrument.
Adl.

It is a conception of sharia adopted in Islamic banking is just putting something in place, and give something only on the right and treat something suitable position

Advance Payment / Payment in advance.

Is the way of payment of export outside the country where the Buyer pays in advance the price of goods to the exporter, in part or whole value of the goods in question before sent by the exporter. In this way the risk of payment is the part of buyers, if it is the exporters are not sending the goods. Given the payment of the goods has been made in advance by the buyer, the goods shipped by exporters already are / become the property buyer and are protected by the documents on behalf of the buyer is concerned.

Advance Payment Bond.

Bank Guarantee issued to guarantee payment of an advance granted by the User Services to Service Provider (contractor) of a construction project.
Advance payment bond is typically given at 20% of contract value of construction work in question. If the Service Provider Construction (contractor) be given a credit facility, the amount of advance payment bond must subtract from the calculation of working capital credit needs of the relevant Construction Services

Advising Bank.

Is a bank that conveys the message of L / C exports to the exporter who receives delivery of L / C exports to the exporter of its soon, but the L / C received should be checked before the truth (authenticity) by the receiving bank before it passed on to exporters. In continuation of L / C advising bank should state clearly whether the L / C is authentic. But the L / C that can not be done does not match an authentication or testnya be forwarded with a note that the L / C has not been inspected or test its authenticity is not appropriate and advising bank is not responsible for the authenticity of the L / C is. In exchange for undocumented Domestic Letters of Credit (SKBDN), for the term used term bank advising the Bank's successor, the bank continued SKBDN to the recipient (beneficiary).

Receiving Agent (in Money Transfer).

Is an individual, business entity incorporated or not incorporated business entities that receive some money from the sender to be delivered to Agent penerimaAgunan.

Additional collateral is delivered to the Customer Debtor bank in order to award credit facility or financing based on Sharia Principles.

High-quality collateral.

Collateral is required by Bank Indonesia as collateral for short-term funding assistance for the implementation of the functions of Bank Indonesia as Lender of last resort, to the beneficiary bank. Besides high-quality collateral must also be easily liquidated; include securities and / or bills issued by the Government or other legal entity that has a high ranking based on ratings agencies are competent and at times with the liquid. If short-term funding assistance can not be repaid at maturity, Bank Indonesia is fully entitled to withdraw the collateral


We will continue with Banking Terms Based on the word / phrase from Letter A (Part II)

Project Development; Officer Development Program

Project Development; Officer Development Program : one of the essential thing to improve and developt Banking is to develope human resource. and human resource development began in the central issue is raising Funding money such saving money, deposits, demand, stocks and mutual card, loans and others.

Spearheading to collect and disburse funds Funding Lending as much as possible to view and analyze the feasibility of the customer and the debtor are, of course there should be a division or professional employees who must do the important work is, and proffessional employees and are required to have a very tiny fraction of the qualities required once, because not everyone can run a job that some people are very heavy and impossible to do.

Who is responsible in bringing up the banking institution? None other than the employees of banking proffessional commonly referred to as the Sales Officer, Marketing Officer, Accounts Officer, or Officer Development Program, proffessional is a very important part and must obtain attention, and a very large commitment of all leaders who control the banking institution.

If the leaders and holders of the top leaders do not pay attention and make a special training for thespearheading, then the destruction of the banking institution can certainly be ruined within a relatively faster than usual, because that's in all the banking institutions do not want to experience the biggest mistake of this , so they dare to invest money from the overall spending in the banking institutions

According to research by leading experts in the world, all the big companies are created because in it there are some Marketing True that devotes itself to develop and focus in the sciences to develop themselves in order to sell more prodk they offer, and trying to

Banking, an Introduction and How we use and Maximize Bank

Banking, an Introduction and How we use and Maximize Bank : Hello all, this is my first post in simple blog of mine. in this Blog i want to share you about what i have and what i know and understand about Banking. from the introduction of Banking, what is a Banking, how Banking runs, ISlamic or sharia Banking, Banking terms and others that can help us in order we familiar with banking.

As we have known, Banking was become a part of much peoples now. we can see much of peoples come into bank with many purpose, like want to save their money, want to borrow money by loan facilities in bank, and other purposes. and we also can see there was a full activities of Bank, so that they have much branch offices in many areas and centered in the capital.

Another Banking Features and Facilities

Another facilities that provided by Bank usually we can use it like payment of household bills (paid home phone, electricity, etc.), credit card bills, bills credit loans without collateral, and the most popular now is loans using collateral.

With all of those functions in Banking, Bank must have much regulations to keep it well. so, they have many terms and setting in their system. In this blog, i will share to you my beloved friends all about banking information that you need to know it.

I Hope this simple blog not only give "simple" and little benefit, but i hope this blog can give you much benefit from us.

Thanks