Regulatory Alerts2023-11-16
Bank Indonesia Regulation Number 12 of 2023 on Issuance of Money Market Instruments and Money Market Transactions
Bank Indonesia issued Regulation Number 12 of 2023 to regulate the issuance, trading, and supervision of money market instruments and transactions to ensure financial system stability. The regulation establishes criteria for short-term securities, mandates scripless issuance, and defines transaction types including derivatives and repurchase agreements. It further governs settlement mechanisms such as Close-Out Netting, reference price formation, and the use of smart contracts within the money market.
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