Lembaga Keuangan Bukan Bank

Summary

This video explains non-bank financial institutions and their role in the economy. It covers the functions of capital markets, insurance companies, pension funds, and pawnshops. These institutions, unlike banks, focus on specific financial services like investment, risk protection, and savings for the future. It also highlights the key differences between banks and non-bank financial institutions, emphasizing that while banks can take deposits and create money, non-bank institutions specialize in specific activities and cannot create money. Overall, the video provides an insightful look into how these institutions contribute to financial stability and development.

Takeaways

• 😀 Non-bank financial institutions are organizations that collect funds from the public and distribute them back, but they are not allowed to gather funds in the form of savings, checking accounts, or deposits.
• 😀 The first type of non-bank financial institution is the capital market, also known as the stock exchange, where long-term securities like stocks and bonds are traded to finance large-scale projects.
• 😀 The functions of the capital market include raising business capital, income distribution, increasing production capacity, job creation, enhancing national income, and serving as an economic indicator.
• 😀 Insurance companies provide protection through policies against potential risks and losses by collecting premiums from policyholders, which helps cover claims when needed.
• 😀 There are four types of insurance products: property insurance, life insurance, social insurance programs, and life insurance within social insurance programs.
• 😀 People engage in insurance programs as a form of saving for the future, like educational or social insurance, and to minimize potential risks that could occur later in life.
• 😀 An example case is provided where someone like Andi insures his home, and after a fire, the house is repaired thanks to the insurance coverage.
• 😀 Pension funds are savings provided by the government or companies for their employees after they reach a certain age, ensuring financial security in retirement.
• 😀 The pawnshop is a state-owned business offering credit services, where valuable items can be pledged as collateral for loans to avoid high-interest illegal lending practices.
• 😀 Non-bank financial institutions manage funds from the public and distribute them back but focus on specific activities like insurance or investment, unlike banks, which engage in more comprehensive financial services like accepting deposits and offering loans.
• 😀 Banks can create money through the issuance of demand deposits, which can affect the money supply, whereas non-bank financial institutions do not have this capacity.

Q & A

What is a Non-Bank Financial Institution (NBFI)?

A Non-Bank Financial Institution (NBFI) is an organization that operates in the financial sector, collecting funds from the public and redistributing them to the community, but is prohibited from accepting deposits in the form of savings, current accounts, or time deposits.

What is the role of the Capital Market in the economy?

The Capital Market, such as the Stock Exchange, facilitates the buying and selling of long-term financial instruments like stocks and bonds. It raises funds for long-term projects, such as the construction of factories, and helps in financing development projects.

What are the key functions of the Capital Market?

The key functions of the Capital Market include raising business capital, redistributing wealth, increasing production capacity, creating jobs, boosting national income, and acting as an indicator of a country's economic health.

How does an Insurance Company work?

An Insurance Company offers policies to protect individuals or businesses from financial risks in exchange for premium payments. It pools risks from multiple policyholders, providing financial compensation in the event of an insured loss.

What are the different types of Insurance products?

There are four main types of insurance products: General Insurance, Life Insurance, Social Insurance, and Life Insurance within the Social Insurance Program.

Why do people participate in insurance programs?

People join insurance programs as a form of financial preparation for the future, such as education or social insurance, and to minimize potential risks that may occur in the future, such as accidents or property damage.

What is a Pension Fund and how does it work?

A Pension Fund is a financial reserve set aside by the government or a company to provide income to employees after they reach a certain age or retirement age. It acts as a safety net for individuals in their later years.

What services does a Pawnshop provide?

A Pawnshop provides short-term loans to individuals, allowing them to pledge valuable items, such as jewelry, vehicles, or electronics, as collateral. It also offers services such as item appraisal, storage, and credit for employees.

What is the main distinction between a Bank and a Non-Bank Financial Institution?

The main difference is that a bank can accept deposits from the public in the form of savings, current accounts, and time deposits, and it can create money through these activities. Non-Bank Financial Institutions cannot accept deposits and focus on specific financial services like loans or insurance.

Can Non-Bank Financial Institutions create money like Banks?

No, Non-Bank Financial Institutions cannot create money like banks. Banks have the ability to create money through the deposit and lending process, which affects the money supply in the economy, whereas Non-Bank Financial Institutions are limited to specific services.