DerivativeJurnal Transaksi Forward20141-AprNo EntryTanggalSpot Rate (Rp/)Forward Rate (Rp/)1-Apr-1419,50019,75030-AprDr)Kerugian - Kontrak Forward100,000,00030-Apr-1419,65019,850Cr)Kontrak Forward100,000,00031 Mei 201419,55019,700(19.850 - 19.750) X 1.000.00030 Juni 201419,90019,90031-MayDr)Kontrak Forward150,000,000Cr)Keuntungan - Kontrak Forward150,000,000Nilai kontrak 1,000,000(19.700 - 19.850) X 1.000.00030-JunDr)Kerugian - Kontrak Forward200,000,000Cr)Kontrak Forward200,000,000(19.900 - 19.700) X 1.000.00030-JunDr)Kas-IDR19,750,000,00019.750 X 1.000.000Dr)Kontrak Forward150,000,000(19.900 - 19.650)x1.000.000Cr)Kas-Valas19,900,000,00019.900 X 1.000.000

Jurnal Transaksi Call Option20141-JulDr)Call Option7,500,000Premi75per lembarCr)Kas7,500,000Harga eksekusi1,000per lembarJatuh tempo3bulan31-JulDr)Kerugian - Call Option400,000Jumlah option100,000lembarCr)Call Option400,000Kerugian atas penurunan nilai intrinsikTanggalHarga SahamHarga OptionNilai IntrinsikNilai Waktu(56 - 60) x 100.000(Harga saham - harga eksekusi)(Harga option - nilai intrinsik)1-Jul-141,060756015Dr)Kerugian - Call Option100,00031-Jul-141,056705614Cr)Call Option100,00031 Agt 20141,085958510Kerugian atas kenaikan nilai waktu30-Sep-141,100100100- 0(14 - 15) x 100.000Dr)Kerugian - Call Option500,000Cr)Call Option500,000Alternatif pencatatan secara neto(70 - 75) x 100.00031-AugDr)Call Option2,900,000Cr)Keuntungan - Call Option2,900,000Keuntungan atas kenaikan nilai intrinsik(85 - 56) x 100.000Dr)Kerugian - Call Option400,000Cr)Call Option400,000Kerugian atas kenaikan nilai waktu(10 - 14) x 100.000Dr)Call Option2,500,000Cr)Keuntungan - Call Option2,500,000Alternatif pencatatan secara neto(95-75) x 100.00031-AugDr)Investasi - PT. Bahagia108,500,0001085 x 100.000 Dr)Kerugian - Eksekusi Call Option1,000,000Cr)Call Option9,500,00095 x 100.000Cr)Kas100,000,0001000 x 100.000Jurnal Eksekusi Call Option

HedgingPT. Asgar2014ASGAR (Cash Flow Hedge)2014INDO (Fair Value Hedge)Pinjaman Bank500,000,00030-JunDr)Beban Bunga16,250,00030-JunDr)Beban Bunga12,500,000Bunga (annual)JIBOR + 150bpp.aCr)Kas16,250,000Cr)Kas12,500,000per semesterbayar floating ratebayar fixed rate30-Jun-146.5%16,250,0006,5%/2 x 500.000.00031 Des 20146.0%15,000,0006%/2 x 500.000.000Dr)OCI3,552,828Dr)Aset - Kontrak Swap3,535,76430-Jun-157.0%17,500,0007%/2 x 500.000.000Cr)Liabilitas - Kontrak Swap3,552,828Cr)Keuntungan - Kontrak SWAP3,535,76431 Des 20157.5%18,750,0007.5%/2 x 500.000.000change in FVchange in FVAsgar floating menjadi fixed --> cash flow hedge31-DecDr)Beban Bunga15,000,00031-DecDr)Beban Bunga12,500,000PT. IndoCr)Kas15,000,000Cr)Kas12,500,000Pinjaman Bank500,000,000bayar floating ratebayar fixed rateBunga (annual)5%Dr)Beban Bunga1,250,000Dr)Kas1,250,000Bunga (semi annual)12,500,000Cr)Kas1,250,000Cr)Beban Bunga1,250,000PT Indo fixed menjadi floating --> fair value hedgebayar net paidterima net receiptKontrak SWAPDr)Aset - Kontrak Swap5,936,027Dr)Kerugian - Kontrak SWAP5,927,601Periode2tahunCr)OCI5,936,027Cr)Liabilitas - Kontrak Swap5,927,601Pembayaran bungasemi annualchange in FVchange in FVNilai nosional500,000,0002015201530-JunDr)Beban Bunga17,500,00030-JunDr)Beban Bunga12,500,0006%Cr)Kas17,500,000Cr)Kas12,500,000ASGARINDObayar floating ratebayar fixed rateDr)Kas1,250,000Dr)Beban Bunga1,250,000JIBOR + 100bpCr)Beban Bunga1,250,000Cr)Kas1,250,000terima net receiptbayar net paymentDari sudut pandang ASGAR: bayar fixed, terima floatingDr)Aset - Kontrak Swap32,259Dr)Kerugian - Kontrak SWAP35,347TanggalJIBORJIBOR + 100bpSelisih dengan Fixed Rate Receipt of previous JIBOR + 100 bp Payment of 6%Current net receipt (paid)FV of Swap asset (liability) CumulatifChange in FVCr)OCI32,259Cr)Liabilitas - Kontrak Swap35,347Floating - 6%(JIBOR + 100bp) per semester x 500 juta6%/2 x 500 jutaPayment - ReceiptPV next current net receipt (paid), rate JIBOR+100bpFV periode saat ini - FV periode sebelumnyachange in FVchange in FV1-Jan-145.0%6.00%0.00%- 0- 030-Jun-144.5%5.50%-0.50%15,000,00015,000,000- 0(3,552,828)(3,552,828)31-DecDr)Beban Bunga18,750,00031-DecDr)Beban Bunga12,500,00031 Des 20145.5%6.50%0.50%13,750,00015,000,000(1,250,000)2,383,2005,936,027Cr)Kas18,750,000Cr)Kas12,500,00030-Jun-156.0%7.00%1.00%16,250,00015,000,0001,250,0002,415,45932,259bayar floatingbayar fixed rate31 Des 20156.5%7.50%1.50%17,500,00015,000,0002,500,000- 0(2,415,459)Dr)Kas2,500,000Dr)Beban Bunga2,500,000Cr)Beban Bunga2,500,000Cr)Kas2,500,000Dari sudut pandang INDO: bayar floating, terima fixedterima net receiptbayar net paymentTanggalJIBORJIBOR + 100bpSelisih dengan Fixed RatePayment of previous JIBOR + 25 bp Receipt of 6%Current net receipt (paid)FV of Swap asset (liability)Change in FV6% - floating(JIBOR + 100bp) per semester x 500 juta6%/2 x 500 jutaReceipt - paymentPV next current net receipt (paid), rate 6%FV periode saat ini - FV periode sebelumnya1-Jan-145.0%6.00%0.00%- 0- 0Dr)OCI2,415,45930-Jun-144.5%5.50%0.50%15,000,00015,000,000- 03,535,7643,535,764Dr)Aset - Kontrak Swap2,427,18431 Des 20145.5%6.50%-0.50%13,750,00015,000,0001,250,000(2,391,837)(5,927,601)Cr)Liabilitas - Kontrak Swap2,415,45930-Jun-156.0%7.00%-1.00%16,250,00015,000,000(1,250,000)(2,427,184)(35,347)change in FVCr)Keuntungan - Kontrak SWAP2,427,18431 Des 20156.5%7.50%-1.50%17,500,00015,000,000(2,500,000)- 02,427,184change in FVi\n12342.50%0.9756097561.9274241522.8560235633.7619742082.75%0.9732360101.9204243402.8422621323.7394278653.00%0.9708737861.9134696962.8286113553.7170984033.25%0.9685230021.9065598092.8150700333.6949830823.50%0.9661835751.8996942752.8016369813.6730792093.75%0.9638554221.8928726962.7883110323.6513841274.00%0.9615384621.8860946752.7750910333.6298952244.25%0.9592326141.8793598212.7619758483.6086099264.50%0.9569377991.8726677502.7489643543.5875256984.75%0.9546539381.8660180792.7360554463.5666400435.00%0.9523809521.8594104312.7232480293.5459505045.25%0.9501187651.8528444322.7105410283.5254546595.50%0.9478672991.8463197142.6979333783.5051501225.75%0.9456264781.8398359132.6854240313.4850345446.00%0.9433962261.8333926662.6730119493.4651056136.25%0.9411764711.8269896192.6606961123.4453610476.50%0.9389671361.8206264192.6484755113.4257986026.75%0.9367681501.8143027172.6363491493.4064160657.00%0.9345794391.8080181682.6243160443.3872112567.25%0.9324009321.8017724312.6123752273.3681820307.50%0.9302325581.7955651702.6005257403.349326270