Creditors and Debtors' Approval of the Transfer of Receivables (Cessie) is Reviewed in accordance with Law Number 10 of 1998 concerning Banking

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Analysis shows cessie follows legal procedures in credit agreements, suggesting better regulations may enhance creditor and debtor protections.

Legal transfer of receivables occurs only if procedures are followed and debtors are notified, ensuring legal validity.
Cessie, the transfer of receivables, requires an authentic deed and debtor awareness to be effective in credit agreements.
The study compares current cessie practices against regulations outlined in the Civil Code to identify conflicts and gaps.
Legal implications affect the rights and obligations of debtors and creditors, necessitating clearer rules in the banking sector.

Ikbal et al. (2025) studied this question.

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Analysis shows cessie follows legal procedures in credit agreements, suggesting better regulations may enhance creditor and debtor protections.