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Retail Government Securities (SBN) is one of the investment product options that is in great demand by the Indonesian people. Beside of stable returns, this investment product also offers low risk because all coupons / returns and investment principal are guaranteed by law. Every year, the Government of Indonesia also issues a wide selection of Retail SBN products that can be ordered from Rp1 million - Rp10 billion.

Issuer Name

Bank Sumsel Babel

Key Features/Facilities

SBN Retail has several types consisting of :

Savings Bond Retail (SBR) :The first type of SBN Retail is Savings Bond Retail (SBR). This type of Retail SBN can be purchased during the offering and can be kept until maturity time, unless the investor chooses to use the early redemption facility. This early redemption period is after one year of investment. The reward for SBR ownership is set on a floating basis with a minimum limit or floating with floor.
Indonesian Retail Bonds (ORI): Indonesian Retail Bonds (ORI) are state bonds that can be traded by retail investors. The state issues ORI with the aim of providing opportunities for the public to directly own and actively trade in state bonds. The ORI coupon is fixed and is also paid monthly. ORIs can be traded in the secondary market so that people or investors who buy them do not have to hold them until maturity, but can sell them in the market.
Retail Sukuk (SR): In general, Retail Sukuk is similar to ORI, but it is Shariah-based. The SR coupon is fixed and is also paid monthly. This Retail Sukuk will be sold to investors through sales agents. Where investors can trade in the secondary market so that the public or investors who buy it do not have to hold the SR until maturity, but can sell it in the market.
Sukuk Tabungan (ST): Structurally, Sukuk Tabungan is similar to SBR but is sharia-based. Sukuk Tabungan is sold to investors through sales agents with a minimum purchase of IDR 1 million. Sukuk Savings coupons are usually floating with floor and are also paid monthly. Sukuk Savings cannot be traded, but has an early redemption facility.

Benefits

Coupons/yields and principal of Government Securities (SBN) are guaranteed by the State.
Coupons/yields are attractive and received every month.
Minimum investment starts from 1 million, relatively light compared to other investments.
Easy access to purchase transactions through an electronic system.
Contribute to building the country.

Risk

Default risk is the risk if investors cannot obtain the payment of funds promised by the issuer when the investment product matures coupons and principal. Retail SBN does not have the risk of default considering that based on the SUN Law that the state guarantees the payment of coupons and principal of SUN, including RI until maturity, whose funds are provided in the state budget every year.
Interest rate risk, is a risk due to factors that affect the overall performance of financial markets, including changes in interest rates, changes in economic fundamentals and unstable political conditions. Losses can occur if the Customer sells Retail SBN in the Secondary Market before maturity at a lower selling price than the purchase price. This risk can be avoided by not selling the ORI when the selling price is lower than the purchase price.
Liquidity risk, is a risk if investors cannot liquidate investment products in a timely manner at a reasonable price. This risk can be avoided because Retail SBN can be used as collateral and the availability of purchase price quotations from Trimegah that can be executed by the Customer.

Procedure / Process Flow of Retail SBN Purchase

Registration

The customer performs the registration process through the online retail SBN system.
The registration process is carried out on the online retail SBN system owned by the securities company in collaboration with the Regional Development Bank of South Sumatra and Bangka Belitung by entering the NIK as listed on the e-KTP, cellphone number, active email and downloading the e-ID photo.
The customer enters the OTP code sent to the customer's cellphone number.
The customer completes the required personal data.
The customer ensures that the data entered is correct and valid.
The bank will verify the registered customer data through the CMS application system to check the validity and correctness of the KTP data, account number, customer name.
If the data is verified and the registration is successful, the SID (Single Investor Identification*) and SRE (Securities Account Letter*) are automatically formed and the customer will receive a confirmation email containing a username and password to be used during the first login.

Ordering

The customer logs in for the first time to the securities company's online retail SBN system using the user ID and password sent to the customer's email.
The customer is asked to change the password and create a new PIN.
After successfully logging in, the customer performs the order process by completing the required data (filling in the bank name, filling in the retail SBN product to be purchased in the series column and entering the order amount).
The customer rechecks the retail SBN order details and agrees to the available statements and then enters the PIN for order verification.
The customer rechecks the order details and saves the billing code to make a payment which is only valid within less than 3 (three) hours after the order time.

Payment

Prospective investors / customers make payments to the Perception Bank through the MPN module using the available billing code within the specified time period.

Confirmation of Payment and Ownership

After completing the payment process, the customer will receive an NTPN (State Revenue Transaction Number).
Customers can view the order status through the securities company's online retail SBN system on the “order list” menu. If the SBN order has been paid, the status will state “complete order”.
Retail SBN is issued in scripless form, but investors/customers will be given a confirmation of ownership via email sent by the securities company.

Administration of Proof of Ownership of Retail SBN
The process of storing documents / proof of ownership of retail SBN purchased by customers is stored and organized at the Indonesian Central Securities Depository (KSEI).

Fees

Fund transfer fee in order to pay coupons and principal of SBN to investor/customer's fund account.
Taxation applicable to SBN follows the provisions of laws and regulations in the field of taxation.
The government applies a Minimum Holding Period from the settlement date until the second coupon payment.
The government can buy back SBN before maturity, through market mechanisms, namely purchases in the secondary market by considering the prevailing market price.

Additional Information

To view the series offered and register for Retail SBN orders through Bank Sumsel Babel
https://sbn.trimegah.id/agent/home/banksumselbabel
More Info Contact Service
Bank Sumsel Babel Call Center

Benefits

Coupon income paid periodically until maturity
Bondholders can trade their bonds for capital gains.

Simulation

FAQ

What is a Government Securities (SUN)?
Securities in the form of debt acknowledgment letters in Rupiah and foreign currencies that are guaranteed interest and principal payments guaranteed by the Republic of Indonesia, in accordance with the validity period, as referred to in Law Number 24 of 2002 concerning Government Securities.
What is Retail Government Securities (SBN)?
Government Bonds sold to individual Indonesian citizens through Distribution Partners in the domestic Primary Market and can be traded in the secondary market.
Suitable investors to invest in Retail SBN?
Conservative investors who require income for a certain period in the future, which will obtain risk-free investment instruments and competitive returns.
Experienced investors who diversify their investment portfolio (stocks, mutual funds, etc.).
Who can buy Retail SBN?
Those who may purchase are only individuals or natural persons who are Indonesian citizens (WNI) as evidenced by their Identity Card (KTP) and SID number.
What is Coupon?
Coupon is the interest reward received by investors with a fixed percentage per year that has been determined by the government under the minister of finance.
How is the coupon and/or principal payment mechanism of Retail SBN?
The government through Bank Indonesia transfers cash funds in the amount of coupon and/or principal payments of Retail SBN to KSEI then forwarded to the Customer Account registered during account opening.
If the coupon and/or principal payment coincides with a holiday (not a working day), the payment will be made on the next working day without interest compensation.
The government will pay ORI coupons on time every month (every 15th of the month).
Will Investor Customers get proof of ownership of Retail SBN?
Yes, in the form of a SBN Ownership Confirmation Letter issued by KSEI and distributed by Trimegah within 7 (seven) working days after the settlement date.

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