Regulatory Alerts2009-08-12
Bank Indonesia Circular Letter No. 11/22/DPM on Procedures for Auction and Administration of State Sharia Securities
Bank Indonesia issued Circular Letter No. 11/22/DPM to formalize the operational procedures for auctioning and administering State Sharia Securities. The directive establishes standardized protocols for bid submissions, allocation mechanisms, and post-auction settlement to ensure market integrity and regulatory compliance. Market participants and designated financial institutions must implement these guidelines to facilitate transparent secondary market trading and effective sovereign debt management.
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