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Transfer Confirmation Letter for Indonesia

Transfer Confirmation Letter Template for Indonesia

A Transfer Confirmation Letter under Indonesian law is a formal document that serves as official written confirmation of a completed transfer transaction. The document must comply with Indonesian Civil Code requirements and Law No. 24 of 2009 regarding language requirements, typically requiring an Indonesian language version. It provides essential details about the transfer, including parties involved, transfer specifics, date and time of completion, and relevant reference numbers. The letter serves as legal evidence of the transfer and may be required for regulatory compliance, audit purposes, or corporate record-keeping.

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What is a Transfer Confirmation Letter?

The Transfer Confirmation Letter is a crucial document in Indonesian business practice, used to formally document and confirm the successful completion of a transfer transaction. This document type is commonly required in various contexts, from simple fund transfers to complex asset transfers, and must comply with Indonesian legal requirements, including the Civil Code (KUH Perdata) and language regulations under Law No. 24 of 2009. The letter typically includes detailed information about the transfer, such as the parties involved, the nature of the transferred items, transaction references, and completion timestamps. It serves multiple purposes: providing legal evidence of the transfer, meeting regulatory requirements, facilitating audit trails, and ensuring clear communication between parties. The document may need to be prepared in both Indonesian and English languages, particularly when international parties are involved, though the Indonesian version would prevail in case of any discrepancy.

What sections should be included in a Transfer Confirmation Letter?

1. Letter Header: Including date, reference number, and proper addressing to recipient

2. Subject Line: Clear indication that this is a Transfer Confirmation Letter with relevant reference details

3. Opening Statement: Formal introduction and purpose of the letter

4. Transfer Details: Specific information about the transfer including date, amount/items transferred, reference numbers, and method of transfer

5. Confirmation Statement: Clear statement confirming the successful completion of the transfer

6. Contact Information: Details for follow-up questions or concerns

7. Closing: Formal closing, signature block, and company details

What sections are optional to include in a Transfer Confirmation Letter?

1. Previous Correspondence Reference: Include when the transfer was initiated based on prior communications or agreements

2. Beneficial Owner Information: Required when confirming transfers involving regulated assets or when beneficial ownership documentation is required

3. Tax Implications Statement: Include when the transfer has specific tax consequences that need to be acknowledged

4. Regulatory Compliance Statement: Add when the transfer falls under specific regulatory requirements that need to be documented

5. Future Actions Required: Include when there are subsequent steps or actions required from either party

What schedules should be included in a Transfer Confirmation Letter?

1. Transfer Receipt Details: Detailed breakdown of the transfer transaction, including timestamps and reference numbers

2. Supporting Documentation: Copies of relevant transfer confirmations, screenshots, or system-generated receipts

3. Authorization Documents: Copies of power of attorney or authorization letters if the transfer was executed by a representative

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Ƶ

Document Type

Confirmation Letter

Sector

Sales

Cost

Free to use
Relevant legal definitions




















Clauses















Relevant Industries

Banking and Financial Services

Real Estate

Securities and Capital Markets

Manufacturing

Mining and Resources

Technology and Digital Services

Retail and Consumer Goods

Energy

Agriculture

Healthcare

Education

Transportation and Logistics

Professional Services

Relevant Teams

Legal

Finance

Treasury

Compliance

Operations

Corporate Secretariat

Risk Management

Administrative Services

Transaction Banking

Asset Management

Relevant Roles

Finance Manager

Treasury Manager

Corporate Secretary

Legal Counsel

Compliance Officer

Account Manager

Transfer Agent

Operations Manager

Chief Financial Officer

Asset Manager

Transaction Banking Officer

Risk Manager

Administrative Officer

Company Director

Financial Controller

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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