OJK Implements Intellectual Property As Credit Administrative

Photo: Doc. Antara

JAKARTA - The Financial Services Authority (OJK) also supports the implementation of the mandate of Government Regulation (PP) Number 24 of 2022 concerning Implementation Regulations of Law Number 24 of 2019 concerning Creative Economy (PP Ekraf) regarding the use of Intellectual Property (KI) as collateral for lending.

OJK support is reflected in the synergy between OJK and the Ministry of Tourism and Creative Economy, the Ministry of Law and Human Rights, the Indonesian Assessment Professional Society (MAPPI), representatives of economic and creative actors, and the National Bank Association (Perbanas) in Focus Group Discussion (FGD).

"OJK has also sent letter No. S-12 / D.03 / 2022 on September 2, 2022 to all conventional commercial banks. The letter is an affirmation and support of the OJK in the practice of using KI as collateral for credit by banks," said OJK Banking Supervision Chief Executive Dian Ediana Rae in the FGD, quoted from Antara, Wednesday, April 5.

The FGD which was held aims to help creative economy actors access financing, so that they can develop and contribute more to strengthen the national economy.

Dian explained that in Indonesia, the creative economy sector is expected to be able to become a new force for a sustainable national economy by emphasizing the added value of goods through human thinking and creativity.

Currently, the creative economy sector is one of the catalysts for Indonesia's economic growth, which is reflected through its contribution to GDP and national exports.

He explained, in the practice of providing credit, banks need to pay attention to several factors that are considered to believe in the certificates and abilities of prospective debtors, one of which is collateral.

In this case, collateral is 1 of 5 factors that need to be considered, because the collateral received is the decision of each bank based on the assessment of the prospective debtor.

In Indonesia, there are provisions governing the type of collateral that can be taken into account as a reduction in the calculation of Asset Quality Assessment (PPKA) and its requirements.

However, this PPKA calculation is only intended for prudential supervision, namely to compare the Value Lowering Losses Reserve (CKPN) with PPKA in the calculation of Bank Capital (KPMM).

"OJK does not limit the type of collateral that is acceptable to banks, this is considering that collateral is the decision of each bank based on the assessment of prospective debtors," said Dian as well.

To support the implementation of KI as collateral for bank credit, OJK has previously held several meetings with each related party separately to discuss issues and obstacles that occur in practice.

"OJK has also coordinated technically and continues to support the Ministry of Tourism and Creative Economy as the initiator, to implement the mandate of Government Regulations on Creative Economy," said Dian.