2022 All LJKs Have Been Reporter SLIK

By : Herry Barus And Aldo Bella Putra | Saturday, January 06 2018 - 19:00 IWST

OJK
OJK

INDUSTRY.co.id - Jakarta - The Financial Services Authority (OJK) stated in 2022 all financial services institutions (LJK) have been reporting Financial Information Service System (SLIK) or known as 'BI Checking' or Debtor Information System (SID).

"We hope that in 2022 all mandatory, for fintech peer to peer lending or P2P is now still voluntary," said Deputy Commissioner of Banking Supervisor I OJK Boedi Armanto during a discussion with media crew at OJK Head Office, Jakarta, Friday (5/1/2017).

LJK who has been a SID reporter as of May 5, 2017 shall be a SLIK reporter. Unlike SID, SLIK implementation requires LJK to be a SLIK reporter except for financial technology companies or fintech, Micro Finance Institutions (MFIs), and Savings and Loans Cooperatives (KSP).

For Rural Banks (BPRs) conventional and shariah previously only required to report for BPRs with assets above Rp10 billion, all BPRs and BPRS are required to be SLIK reporters no later than December 31, 2018.

Similarly, both conventional and sharia financing companies (PP) previously only reported voluntarily are required to be SLIK reporters by December 31, 2018.

Meanwhile, for Venture Capital Company (PMV) both conventional and sharia, Infrastructure Financing Company (PPI), and Other Financial Services Institution (LJKL) is required to be SLIK reporter no later than 31 December 2022.

Based on OJK data As of May 5, 2017, the number of SLIK reporters from financial services institutions reached 1,648 reporters with details of 102 commercial banks, 13 sharia banks, 21 sharia business units, 1,324 BPRs, 139 BPRS, 32 finance companies, eight Islamic finance companies, four venture capital firms, one shariah venture capital company, three other financial services institutions, and one savings and loan cooperative.

The statistics on the number of requests for debtor information at Head Office, Regional Office, and OJK Office on January 2, 2018 reached 184 requests and on January 3, 2018 reached 202 requests.

SLIK is an infrastructure in the financial services sector that industry actors can use to mitigate risks, particularly credit risk so as to help reduce the level of non-performing loan risk. In addition, the existence of SLIK is also able to support the expansion of credit access or financing.

Benefits SLIK for creditors, among others, assist in accelerating the process of analysis and decision making lending. Then lower the risk of problem loans in the future. In addition, it may reduce or minimize the dependence of the reporting party or lender to the conventional collateral.

For debtor or general public, SLIK existence can be utilized to know banking credit data such as debtor principal data, credit plafond, debit balance, credit quality, interest expense, payment installment as well as penalty or loan penalty. SLIK can also provide information on the status of collateral as well as details of credit guarantor. (Ant)

News Comment

Today's Industry

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…

TopWorx DX PST with HART 7 monitors and tests valve assemblies, providing detailed data and diagnostics and enabling the digital transformation of process applications.

Jumat, 13 Mei 2022 - 15:15 WIB

Emerson’s New Emergency Shutdown Discrete Valve Controller Improves Safety, Uptime in Hazardous Applications

Emerson introduced the TopWorxTM DX PST with HART® 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications.

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 12 Mei 2022 - 15:26 WIB

HOKI Launches Another New Product

PT Buyung Poetra Sembada Tbk (“HOKI”), a Public Company which produces quality rice under the “Topi Koki” and “HOKI” brands, continues to innovate by re- launching new products.…

Rockwell Automation Inc. /obe.wisc.edu

Kamis, 12 Mei 2022 - 14:19 WIB

Rockwell Automation Releases New, Highly Customizable Industrial Monitors

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the release of a new line of industrial monitors…

The 2022 China Corporate Payment Survey

Kamis, 12 Mei 2022 - 13:20 WIB

Coface China Corporate Payment Survey : Increasing Risks In Supply Chain Disruptions And Rising Raw Material Prices

Coface's 2022 China Corporate Payment Survey[1] shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments than in the previous year.