LPS: Rules "Cashback" is still discussed

JAKARTA, KOMPAS.com - Head of the Deposit Insurance Agency (DIA) Zaelani Firdaus said the rules concerning the funds in the banking Cashback is still the subject of talks between the BI and LPS. Meanwhile, talks with the industry will still be planned for approximately the next week.

"I do not easily set about Cashback," he said on the sidelines of the launch of PT Indonesia Infrastructure Assurance Office at the Ministry of Finance, Tuesday (05/11/2010).

Firdaus said the LPS itself does not set the rules of gift-giving because it can distort the interest rate guarantee.

Firdaus said the DIA and all parties involved, such as BI and industry must be careful. Although the guarantee is in the hands of LPS, it is also necessary that a clear categorization of related species, so the consequences could Cashback translated.

"If we pay that goes beyond the provisions, if there is a problem bank enggak yes we pay," he said.

However, this provision is a new form of appeal to the bank, not a rule because, according to Eden, Cashback is seasonal. The reason the bank gave Cashback for growing third party funds would be given permission by LPS. But if not, certainly will not be given. "If you let people interested in saving money at the bank he, ya can with rising interest rates. If baseball rise (interest rates), you are given a gift," he said.

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