This legal writing discusses the implications of Indonesian Valuation
Standards (SPI) 321 on the acceptance of copyright as an object of fiduciary.
The objective is to determine whether SPI 321 can overcome banks' rejection
of copyright fiduciaries. Although Indonesian regulations recognize copyright
as object of fiduciary, banks still reject it due to difficulties in valuation. SPI
321 should overcome such hesitation by serving as a guideline for appraisers
in valuing copyright as collateral. This research uses qualitative methods with
primary and secondary data, collected through interviews and literature
studies, and analyzed deductively. The results show that SPI 321 has not been
a solution to the bank's rejection of copyright fiduciary. Banks are still
hesitant due to uncertainty in the valuation and execution of collateral. SPI
321 does not set the exact price at execution, while the market value of
copyright can fluctuate and decline due to piracy. In addition, the absence of
clear regulations regarding the execution process further adds to the legal
uncertainty. These factors make banks doubt the stability and reliability of the
execution value of copyright as collateral.