Regulatory Alerts2015-06-30
Bank Indonesia Circular Letter No. 17/18/DKEM Amendment of External Debt Prudential Principles for Non-Bank Corporations
Bank Indonesia issued Circular Letter No. 17/18/DKEM to amend the prudential principles governing external debt management for non-bank corporations in Indonesia. The regulation clarifies the classification of foreign currency assets and liabilities by defining specific exclusions for accounts receivable and liabilities linked to strategic infrastructure projects or rollover processes. It further establishes credit rating requirements for joint venture entities and provides detailed supporting documentation standards for compliance with mandatory rupiah usage regulations.
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