Regulatory Alerts2009-02-10
Added · Updated
Bank Indonesia Circular Letter 11/6/DPM on Administration Procedures of Retail Government Sharia Securities
Bank Indonesia issued Circular Letter 11/6/DPM to establish administration procedures for Retail Government Sukuk. The regulation mandates that primary market settlement occurs within two business days via the BI-RTGS system, with selling agents submitting payment evidence for registration in the BI-SSSS. It further specifies that coupon and nominal value payments are processed based on ownership positions recorded two business days prior to maturity.
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Topics
islamic-finance
payments
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