Document background
A Resolution Letter for Bank Signing Authority is a fundamental corporate governance document used when a company needs to establish or modify its banking operational authorities in Indonesia. This document is typically required when setting up new banking relationships, changing authorized signatories, updating transaction limits, or revising signing combinations. It must comply with Indonesian banking regulations, particularly Law No. 10 of 1998 on Banking and relevant Bank Indonesia regulations. The resolution includes comprehensive details about authorized individuals, their signing powers, transaction limits, and specific conditions for different types of banking transactions. It serves as the primary reference document for banks to verify and process transactions, ensuring proper authorization and compliance with both corporate governance requirements and banking regulations.
