Picture a Monday morning: a working-capital application has just landed, and the first thing you download is the applicant’s iDeb from SLIK OJK. Every facility shows Lancar, one lender’s section looks almost empty, and the report is dated today. It is tempting to read that as a clean, current record with little debt.
Each of those three readings can be wrong. The question an analyst actually faces is how to read the report so that every conclusion stays faithful to what it says, and to nothing more.
What an iDeb report can support
Sistem Layanan Informasi Keuangan (SLIK) is administered by OJK, and its debtor-information output is commonly called iDeb. OJK’s iDebku service states that debtor information is one source for assessing eligibility, not the sole basis for a decision, and that approval remains with each financial institution.
A reported collectibility grade is also a different thing from a predictive credit score. A bureau score estimates future risk; a facility’s reported quality describes how a lender classified that facility at a given position. If you also use bureau scores, reviewing SLIK, PEFINDO and CLIK credit reports in one file is covered separately.
Is this the right borrower, and how current is the data?
Start by matching the debtor’s identity against the person or entity that applied. Then record the data position of each facility, not just the date the report was downloaded.
Reporters submit SLIK data for month-end positions, so a report downloaded today can still show an older position for some facilities. An absent facility or an empty history does not prove that the borrower has no borrowing; it means nothing was found within what the report covers.
Coverage itself changes over time. POJK 11/2024 added SLIK reporter categories, including insurance companies, guarantee companies and LPBBTI (peer-to-peer lending) operators. Check coverage against the report and the rules in force, rather than a fixed list from an older article.
Read every facility in the same order
A fixed order makes it harder to skip something on a long report. For each material facility, read:
- The reporting institution and facility identifier
- Outstanding balance, currency and the meaning of the reported limit
- Reported quality and arrears, where provided
- Start date, maturity and condition
- Available payment history and any later explanations
Two cautions apply when you add figures up. Keep currencies separate unless there is a documented conversion basis, and keep an actual zero distinct from information that is simply missing. Limits can also be structured differently, including facilities tied to one shared arrangement, so confirm those relationships before reading a sum of limits as the borrower’s available funding.
Example: PT Delta Kemasindo, a fictitious packaging distributor, shows two facilities at the same bank, each with a limit of IDR 2.000.000.000. Added up, that looks like IDR 4.000.000.000 of available lines. The facility details and the credit agreement show both sit under one combined arrangement with an overall cap of IDR 2.000.000.000, so the borrower’s actual headroom is half the sum.
What does the collectibility grade mean?
The five familiar labels, Lancar, Dalam Perhatian Khusus, Kurang Lancar, Diragukan and Macet, come from commercial-bank rules: Article 12(3) of POJK 40/POJK.03/2019 sets these five credit-quality categories. For conventional commercial banks, Article 10 of the same regulation assesses credit quality on business prospects, debtor performance and ability to pay.
Other types of reporter may follow their own rules, so check which rules apply to the reporting institution. The grade cannot be reduced to one days-past-due table for every lender. Read it as reported, together with arrears and history, and where grades differ between reporters, look into the dates, institutions and circumstances instead of replacing the source values with one assumed uniform grade.
A grade shows where a facility stands, not how it got there
The payment history is what shows deterioration, recovery, restructuring or other changes. That history may not cover the same period for every facility, so confirm the periods shown and note any gaps.
Where something needs explaining, ask the borrower for supporting records. A repayment made after the report’s data position needs later evidence of its own; it should not be silently written into the historical source.
Where does the iDeb’s role end?
SLIK does not show a borrower’s operating income or how reliable projected receipts are. Repayment capacity has to come from other evidence: bank statements, financial information, business conditions and other obligations. When bank statements are part of that evidence, checking whether turnover is inflated by funds that go out and come back is a useful next step.
If your analysis uses estimated installments, label them as estimates and confirm material commitments against agreements or lender statements. An inferred amount should not be presented as an installment reported by the creditor.
Checklist before you rely on an iDeb
- Identity matches the applicant, and the data position of each facility is recorded.
- Every material facility has been read in the same order, with currencies kept separate and missing data kept distinct from zero.
- Shared or combined limits are confirmed before limits are added up.
- Collectibility is read under the rules that apply to its reporter, together with arrears and history.
- Repayment capacity is assessed from other evidence, and the credit decision stays with the institution.
Sxored reads iDeb reports into a facility table for the borrower and each related party, with collateral and a 24-month payment history per facility, and shows an unreadable grade as unreadable rather than Lancar. For the bank-statement side of the same file, see what to check before relying on extracted bank-statement data.
