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The Account Management Agreement is essential for financial institutions and service providers operating in Indonesia who offer professional account management services to their clients. This document is required when establishing a formal relationship between an account manager and their clients, whether corporate or individual. It must comply with Indonesian Financial Services Authority (OJK) regulations, the Banking Law, and other relevant financial services legislation. The agreement covers crucial aspects such as service scope, fees, compliance obligations, risk management, data protection, and dispute resolution mechanisms. It's particularly important in contexts where ongoing financial account oversight, transaction management, or wealth management services are provided, and needs to address both traditional and digital service delivery methods.

1. Parties: Identification of the account manager and the client, including their legal details and representatives

2. Background: Context of the agreement, relationship between parties, and purpose of the account management services

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Scope of Services: Formal appointment of the account manager and detailed description of services to be provided

5. Account Manager's Obligations: Detailed responsibilities and duties of the account manager, including reporting, monitoring, and service standards

6. Client's Obligations: Client's responsibilities, including providing information, maintaining minimum balances, and paying fees

7. Fees and Payments: Fee structure, payment terms, and calculation methods

8. Representations and Warranties: Statements of fact and assurances from both parties

9. Compliance and Regulatory Requirements: Obligations to comply with Indonesian banking laws, OJK regulations, and AML requirements

10. Confidentiality and Data Protection: Obligations regarding data privacy, security, and confidential information handling

11. Risk Disclosures: Disclosure of potential risks associated with account management services

12. Liability and Indemnification: Limitations of liability and indemnification obligations

13. Term and Termination: Duration of agreement and circumstances for termination

14. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law

15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment