tag:blogger.com,1999:blog-91391159675296757692011-10-24T22:52:59.611-07:00Indonesia Payment System : RTGS - Clearing - Card Based Payment Instrument - Counterfeited Money - Pay ins Withdrawals of the Bank - Cash Management Operationssexproblemnoreply@blogger.comBlogger81100tag:blogger.com,1999:blog-9139115967529675769.post-39498573789193272202008-03-10T20:08:00.002-07:002008-03-10T20:09:14.954-07:00

:: What is the Payment System? What is the payment system? The payment system covers the legal and regulatory framework, institutions and mechanisms used to transfer funds in order to settle liabilities arising from economic activities. What, then, are the components of the payment system? Needless to say, there must be payment instruments and a clearing mechanism that includes

sexproblemnoreply@blogger.com0tag:blogger.com,1999:blog-9139115967529675769.post-38498485897694184362008-03-10T20:08:00.001-07:002008-03-10T20:15:08.162-07:00

1. Q: It is often that members of the public come into possession of banknotes that are unfit or even no longer valid as legal tender. What can they do?A: If a member of the public receives banknotes that are unfit or no longer valid, these notes should be collected first until a reasonable amount is accumulated, before taking them to Bank Indonesia for exchange with new currency at the same face

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1. Q: When cash is deposited at Bank Indonesia, how are differences in the cash count resolved?A: When cash is counted for deposit at BI and there is a discrepancy in the count, BI usually asks the bank to perform a joint count. At least four factors are involved when a discrepancy arises. For example, the number of banknotes or coins could be less or more. Discrepancies can also arise because of

sexproblemnoreply@blogger.com0tag:blogger.com,1999:blog-9139115967529675769.post-28578987187113860812008-03-10T20:06:00.000-07:002008-03-10T20:15:48.141-07:00

1. Q: Can you explain how one can tell that rupiah banknotes are genuine?A: It’s easy and simple. Members of the public can distinguish the security features of the rupiah just as explained in the public service ads broadcast by Bank Indonesia on television and published in the print media. These ads are designed around the 3-D jingle, i.e., Dilihat (See), Diraba (Feel) and Diterawang (Hold up to

sexproblemnoreply@blogger.com0tag:blogger.com,1999:blog-9139115967529675769.post-83279613896973464162008-03-10T20:05:00.002-07:002008-03-10T20:16:04.259-07:00

1. Q: Can you explain the underlying reasoning in Bank Indonesia’s decision to raise the credit card repayment minimum to 10% of the total balance outstanding? Speaking frankly, the new rule puts an extra financial burden on credit cardholders.A: At BI, we considered the issue at great length before issuing the ruling. One fundamental reason for raising the minimum payment was precisely to

sexproblemnoreply@blogger.com0tag:blogger.com,1999:blog-9139115967529675769.post-11628793359979345552008-03-10T20:05:00.001-07:002008-03-10T20:16:21.094-07:00

1. Q: Not long ago, there were widespread reports in the media of a massive clearing deficit at a national bank. What is actually meant by a clearing deficit?A: A clearing deficit is a position in which a clearing member bank sustains a debit balance, with payment liabilities greater at the end of a clearing cycle in excess of claims.2. Q: If I am not mistaken, BI is introducing what is called

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1. Q: Interbank funds transfers can now be processed quickly. Can you explain how this happens? In the past, funds transfers between banks could take several days.A: This is clearly made possible by modern progress and advanced technology. BI now employs what is called the BI-Real Time Gross Settlement (RTGS) system for processing interbank funds transfers. The RTGS system is a settlement process

sexproblemnoreply@blogger.com0tag:blogger.com,1999:blog-9139115967529675769.post-49634862647380267732008-03-10T20:02:00.000-07:002008-03-10T20:17:07.166-07:00

1. Q: Why does each country need a payment system?A: If a country didn’t have a payment system, funds transfers would not move. Even if they did, settlement would pose numerous obstacles and complications. Why is this? If the existing system were not used, what mechanism for settlement of funds transfers would be used? Without a system, the flow of funds would undoubtedly grind to a standstill,

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