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The Security Agreement Cancellation Letter is a crucial document used in Indonesian business and financial transactions when a security interest needs to be formally terminated. This typically occurs when the underlying debt or obligation has been fully satisfied, requiring the release of assets from the security arrangement. The document must comply with Indonesian laws, including the Civil Code (KUHPerdata), relevant security laws, and Financial Services Authority (OJK) regulations. It serves multiple purposes: confirming the discharge of secured obligations, releasing the security interest, authorizing deregistration with relevant authorities, and providing the security provider with clear evidence that their assets are no longer encumbered. The letter is particularly important in maintaining clear records of security interests and their termination, which is essential for both legal compliance and future business transactions.

1. Letter Header and Date: Official letterhead, date, and reference number of the cancellation letter

2. Addressee Details: Complete details of the recipient including name, position, and address

3. Reference to Original Agreement: Clear identification of the security agreement being cancelled, including its date, parties, and registration details

4. Statement of Cancellation: Express declaration that the security agreement is being cancelled and released

5. Confirmation of Obligations: Confirmation that all secured obligations have been fulfilled or discharged

6. Release of Security Interest: Formal release of all claims and security interests under the original agreement

7. Authorization: Statement of authority to execute the cancellation

8. Execution Block: Signature blocks for all required parties