L

A
I
to RC
E
g
n M
i
d M
r
O
o
c C
c
a AN
I
e
u ES
q
e N
h
C DO E
IN OD
C

Formal Requirements
Article 178 of Commercial Code
Number and name of the cheque
Name of drawee
Date and place where the cheque is drawn
Unconditional order to pay a sum certain money
The signature of drawer

Transfer mechanism
Op Order
Op naam
To bearer

Terminology
Couter cheque
Cross cheque
Postdated cheque
Stop Payment
overdraft
Inkaso

article 183a KUHD

Article 179 of commercial code

Artilce 180 of Commercial Code

*Cheque can be issued for the interest of the issuer itself.

t
a
r
su
r
i
o
k
t n /d
g
a
p
n
b
e
i i /k
d
s 2
r
k
o e /5
c
r 8
i
c
a d 2
e an o
u
5n
s
q
9
9
u
1a
e
i
t
Ch pu gnuste11s
ke tedd aou
a
DIn
th

Whats commercial paper?

According to Article 1 point 1:
Surat berharga komersial (commercial paper) adalah surat
sanggup tanpa jaminan yang diterbitkan oleh perusahaan
bukan bank dan diperdagangkan melalui bank atau
perusahaan efek, berjangka waktu pendek dan
diperdagangkan dengan sistem diskonto

Requirements of commercial paper

According to Article 2, commercial paper should:

State:
The words SURAT SANGGUP in Indonesian
Unconditional promise to pay for a fixed amount of money
Date of payment
Place of payment
The name of the person who gets the payment/his replacement
Date and place of the issue of CP
Signature of the drawee

Timed 270 days

Issued by an Indonesian legal non-banking company

Achieve the rank referring to Article 1 Point 9

At least state these things on the front of CP:

The words SURAT BERHARGA KOMERSIAL (COMMERCIAL PAPER)
after the words SURAT SANGGUP
The clause of Could be traded
The statement without protest and without fee
Name of the bank that issues the CP
Name and address of the bank
Serial number of CP
How to cash the CP

At least state these things on the back of CP:

Statement of blanko endorsement without recourse
How to calculate the cash value

Restrictions for banks

Banks are restricted to issue a CP of:

Companies which are the member of the group of the related bank
Companies that have non-performing loans
Banks are restricted to be the guarantor of the issue of a CP