Regulatory Alerts2015-11-13
Bank Indonesia Circular No. 17/33/DPSP on Procedure for the Usage of Intraday Liquidity Facility
Bank Indonesia issued Circular Letter No. 17/33/DPSP to establish procedures for Sistem BI-RTGS Participating Banks to utilize the Intraday Liquidity Facility (FLI) for resolving intraday liquidity mismatches. The regulation mandates that FLI usage be conducted through repurchase transactions using eligible securities recorded in the BI-SSSS, with specific eligibility criteria and fee structures based on usage duration and interest rates. Participating banks are required to repay FLI on the same day, and any unpaid amounts after the cut-off period are treated as lending facility transactions subject to standing facility regulations.
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