Regulatory Alerts2009-08-25
Bank Indonesia Circular Letter 11/23/DPM Amending Scripless Securities Settlement System Regulations
Bank Indonesia issued Circular Letter 11/23/DPM to amend the regulations governing the Scripless Securities Settlement System (BI-SSSS). The amendment introduces stricter membership requirements, incorporates Sharia banking facilities, and reclassifies Intraday Liquidity Facilities as Repurchase Agreement transactions. It also updates procedures for Short-term Financing Facility pledges, state securities settlements, and operational testing protocols effective August 25, 2009.
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