- Regulation of Financial Services Authority on Business Licensing and Institutional of Financing Institution No.28/POJK.05/2014;
- Regulation of Financial Services Authority on Finance Company Business Operation No.29/POJK.05/2014;
- Regulation of Financial Services Authority on Good Governance for Financing Institution No.30/POJK.05/2014.
Types of Business Activities and Method of Financing according to POJK 29/POJK.05/2014
A. Business Activity of Finance Company
A.1 Financing :
1. Investment Financing;
2. Working Capital Financing;
3. Multipurpose Finance; and/or
4. other financing activity based on OJK approval.
———————-
A.2 Non-Financing :
1. Operating Lease;
2. Fee-based activity which are not contrary to the laws and regulations in the financial services sector.
B. Method of Financing
1. Investment Finance
a. Finance Lease;
b. Sale and Leaseback;
c. Factoring with Recourse;
d. Purchase with Installment Repayment;
e. Project Finance;
f. Infrastructure Finance;
g. other financing after obtaining prior approval from OJK.
—————————-
2. Working Capital Finance
a. Sale and Leaseback;
b. Factoring with Recourse;
c. Factoring Without Recourse;
d. Working Capital Facility; and/or
e. other finances after obtaining prior approval from OJK.
—————————–
3. Multipurpose Finance
a. Finance Lease;
b. Purchase with Installment Repayment; and/or
c. other finances after obtaining prior approval from OJK.