Regulatory Alerts2009-12-07
Bank Indonesia Circular Letter 11/32/DPM on Procedures for Auction and Administration of State Notes
Bank Indonesia issued Circular Letter 11/32/DPM to establish standardized procedures for the auction and administration of State Notes (SUN) in the primary market. The regulation details the operational workflow for competitive and non-competitive bidding, allotment, and settlement processes involving the Bureau of Monetary Operation and the Settlement of Monetary Management Transaction Division. It further defines specific settlement mechanisms for buyback auctions, retail state bonds, SUN lending facilities, and direct transactions to ensure efficient government debt management.
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