Posted On : 06-04-2020

The Monitoring of Export Proceeds and Import Payment Activities through SiMoDIS

The Monitoring of Export Proceeds and Import Payment Activities through SiMoDIS

Are you an import-export practitioner? To assist you, Bank Indonesia has launched its latest Regulation Number 21/14/PBI/2019 through a system called SiMoDIS, an integrated Monitoring Real-Time Information Data of Foreign Exchange, is used for managing data and information.

SiMoDIS also aims to monitor compliance and foreign exchange from export and import activities which integrate the flow of documents, money and goods.

With this system, you are required to provide several mandatory information, so that the transaction process is smoother and more secure. Check the complete information about the rules and regulations, as well as the material.

For importer who does Outward Remittance transaction through KBB and KBB-IS, and will send emails for SiMoDIS additional invoice information, it is mandatory to be sent no later than the applicable cut-off time.

The following is the cut off time table for receiving emails for SiMoDIS additional invoice information:

Type of OR Transactions Cut-Off Time
OR Non-Today (All currency) 13.00
OR Today  
NZD 09.30
AUD, MYR, THB 10.00
HKD, CNY, SGD, SAR, AUD* 12.00

*Only for beneficiary bank ANZ, Commonwealth, NAB, dan Westpac in Australia

For further information, please contact Halo BCA 1500888 or simply mention us at Twitter account @HaloBCA.

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