Regulatory Alerts2015-11-16
Bank Indonesia Circular Letter No. 17/38/DPM Concerning Criteria and Requirements for Securities, Participants, and Intermediary Agencies in Monetary Operations
Bank Indonesia issued Circular Letter No. 17/38/DPM to establish the criteria, requirements, and operational procedures for securities, participants, and intermediary agencies in monetary operations. The regulation defines eligible securities such as SBI, SDBI, and sovereign bonds, while specifying participant eligibility for commercial banks and intermediary agencies. It further details the calculation methods for settlement values, pricing, and haircuts for various monetary operation transactions including repos and outright trades.
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