After Concerning Citayam Fashion Week A La Bonge Cs, HAKI Is Widely Discussed As A Bank Credit Guarantee! Here's The OJK's Explanation

Illustration (Photo: Doc. Antara)

JAKARTA – Recently, news emerged that mentions that there are parties who have carried out the process of registering Intellectual Property Rights (IPR) for the Citayam Fashion Week (CFW) brand. This is suspected to have occurred due to the emergence of the Bonge Cs phenomenon in the Sudirman area, Jakarta, which attracted the attention of the wider community.

Apparently, the issue of intellectual property rights is also being discussed by financial service actors, especially the banking industry. In fact, the Financial Services Authority (OJK) has even opened its voice.

The Chief Executive of OJK Banking Supervision, Dian Ediana Rae, said that his party opened up opportunities to make intellectual property rights as collateral for loans to banks. However, this is still an option that continues to be discussed in depth by the authorities.

"It is still under OJK's study, particularly regarding valuation issues, the availability of secondary markets, appraisal for the liquidation of intellectual property rights, and the legal infrastructure for the execution of intellectual property rights," he said in an official statement on Monday, July 25.

According to Dian, currently the IPR ecosystem in the secondary market is still not strong enough and the mechanism for determining the valuation of an IPR is still limited.

“Meanwhile, the bank must know the value of the credit collateral. So that the role of the government and related parties is needed to address the issue," he said.

Dian added that credit or financing activities are entirely the authority of the bank based on the results of the assessment of prospective debtors.

Meanwhile, collateral or guarantee in the provision of funds, either in the form of credit or financing is optional depending on the bank's risk appetite for the scheme and type of credit as well as the capacity of the prospective debtor.

“Each bank must have its own credit criteria in the credit application and approval process. One thing that is usually included in the risk acceptance criteria of a bank is the business prospect and the capacity to pay potential debtors," he said.

Furthermore, Dian explained that banks also have credit scoring that can be used to analyze the payment ability of prospective debtors.

"As long as the prospective debtor meets the criteria set by the bank and is within the range of the bank's risk appetite, the credit can be considered for approval," concluded the Chief Executive of OJK Banking Supervision Dian Ediana Rae.