Glossary
Indonesian tax terms, Fakturin terms and Chainlink terms used across these docs.
| Term | Meaning |
|---|---|
| Faktur Pajak | Indonesian VAT invoice, issued in Coretax with a unique national number. |
| Coretax | The tax office's (DJP) core tax system since 2025. |
| DJP | Direktorat Jenderal Pajak, the Indonesian tax office. |
| PJAP | Penyedia Jasa Aplikasi Perpajakan, a licensed tax application provider with host-to-host access to DJP. |
| NPWP | Taxpayer identification number of a person or business. |
| PKP | Pengusaha Kena Pajak, a VAT-registered business. Only PKPs issue Faktur Pajak. |
| DPP / PPN | Tax base / value-added tax (11%) on a Faktur Pajak. |
| OJK | Otoritas Jasa Keuangan, Indonesia's financial services authority. |
| POJK 40/2024 | OJK regulation on P2P lending platforms (LPBBTI). |
| LUNAS | "Paid in full". Stamp on a repaid invoice NFT. |
| IDRX / MockIDRX | A rupiah stablecoin (2 decimals) / its test copy used here. |
| Nominal (N) | The invoice amount. |
| Tenor | Time from verification to the due date. |
| Discount | The seller's cost: N × 1.5% × tenor / 30 days. |
| Target | N − discount: what lenders put in together. |
| Advance | 80% of N, paid to the seller when the vault is full. |
| Holdback | Target − advance, kept in the vault until the invoice closes. |
| Platform fee | 10% of the discount, paid to the treasury on repayment only. |
| Grace period | Time after the due date before a vault can be defaulted. |
| Silent factoring | Invoice financing in which the buyer is not notified and keeps paying the seller. |
| Recourse | The seller stays liable if the invoice is not paid. |
| ERC-4626 | Standard tokenized vault: deposits mint shares, shares redeem for a part of the assets. |
| Chainlink CRE | Chainlink Runtime Environment: workflows that run on Chainlink nodes and write consensus results onchain. |
| Forwarder | The Chainlink contract that delivers CRE reports to consumer contracts. |
| Chainlink ACE | Automated Compliance Engine: policy engine and cross-chain identity. |
| CCID | Cross-chain identity: one ID per person or business, linked to wallets. |
| Credential | A typed claim about a CCID (common.kyc, common.kyb, id.fakturin.pkp). |
| Keeper | Automation that closes vaults whose deadline passed. |
| Relayer | The app's server routes that do the verifier and keeper jobs when CRE is not running. |