RegAlertRule · BI · 26 Mar 2007
Amendment to Bank Indonesia Circular Letter Number 7/1/DPM Concerning Fine Tune Operation Transactions in Open Market Operations
The document amends the valuation provisions for SUN trading prices in Repo transactions, stipulating that Bank Indonesia determines the price and BI-SSSS automatically computes it based on secondary market weighted averages or theoretical prices. It also updates organizational references within the regulations, replacing Money Market Operation Division (OPU) with Monetary Operation Bureau (BOpM) and Money Market Transaction Settlement Division (PTPU) with Monetary Management Transaction Settlement Division (PTPM). These changes apply to all commercial banks and brokers and take effect on March 26, 2007.
Unofficial Translation
No. 9/5/DPM Jakarta, March 26, 2007
CIRCULAR LETTER
To
ALL COMMERCIAL BANKS AND BROKERS
Subject : Amendment to Bank Indonesia Circular Letter Number 7/1/DPM dated January 3, 2005 concerning Fine Tune Operation Transactions in Open Market Operations
-------------------------------------------------------------------------------------------------------------- In relation to improvements in underlying assets valuation of the implementation of fine tune operation transactions, it is deemed necessary to amend Bank Indonesia Circular Letter Number 7/1/DPM dated January 3, 2005 concerning Fine Tune Operation Transactions in Open Market Operations as follows.
- Provisions in point III.B.4.d are amended as follows.
d. SUN trading price to be applied in the SUN Repo pricing as referred to in letter c is stipulated as follows.
1) Price of each series of SUN under Repo shall be determined by Bank
Indonesia.
2) SUN price as referred to in number 1) shall be automatically
computed by BI-SSSS based on weighted average price of SUN transactions by series in secondary markets or based on theoretical price in the event of any absence of data of trading transactions in secondary markets for the SUN series. - All addressing …
2
2. All addressing of divisions as Money Market Operation Division (OPU) and
Money Market Transaction Settlement Division (PTPU) as referred to in implementation provisions on Fine Tune Operation transactions in Open Market Operations prevailing prior to the enactment of this Circular Letter must respectively read as Monetary Operation Bureau (BOpM) and Monetary Management Transaction Settlement Division (PTPM). Provisions in this Bank Indonesia Circular Letter shall come into force as of March 26, 2007. For the public to be informed, it is ordered that this Bank Indonesia Circular Letter be promulgated in the State Gazette of the Republic of Indonesia. Please be informed accordingly. . BANK INDONESIA, EDDY SULAEMAN YUSUF DIRECTOR OF MONETARY MANAGEMENT
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- Obligation 1
- Definition / condition 7
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Lineage: No known changes
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The links and the sentences they come from (1)
- Amends
“it is deemed necessary to amend Bank Indonesia Circular Letter Number 7/1/DPM dated January 3, 2005 concerning Fine Tune Operation Transactions in Open Market Operations as follows.”
Mentions (1): 1 document mentions this one without changing it
- Referred to by
“as amended by Bank Indonesia Circular Letter Number 9/5/DPM dated March 26, 2007”
Timeline
This document amends: Implementation of Fine Tune Operations Transactions In Open Market Operations
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Source: Bank Indonesia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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