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2010-07-06

External Circular Number 15/30/DPM on Amendment to Circular of Bank Indonesia Number 12/16/DPM dated 6 July 2010 on Criteria and Requirements for Securities, Participants, and Intermediaries in Monetary Operations

Bank Indonesia issued External Circular Number 15/30/DPM to amend its 2010 circular by adding Bank Indonesia Deposit Certificates (SDBI) as an eligible security for monetary operations. The regulation defines SDBI as short-term rupiah debt instruments tradable only between banks and mandates a minimum remaining tenure of two business days for use in open market operations and lending facilities. Furthermore, the circular establishes that SDBI carries a zero percent haircut, sets pricing mechanisms based on discount rates, and specifies conditions for early redemption in cases of settlement failures or non-bank transactions.

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Sumber Data Legal Information Division, Department of Legal Affairs

8/27/2013 9:00 AM

Judul External Circular Number 15/30/DPM on Amendment to Circular of Bank Indonesia Number 12/16/DPM dated 6 July 2010 on Criteria and Requirements for Securities, Participants, and Intermediaries in Monetary Operations

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Regulation

External Circular Number 15/30/DPM on Amendment to Circular of Bank Indonesia Number 12/16/DPM dated 6 July 2010 on Criteria and Requirements for Securities, Participants, and Intermediaries in Monetary Operations

Effective

27 August 2013

Summary :

Amendment to this Circular is made due to addition of types of securities, which may be used in Monetary Operations, other than Bank Indonesia Certificate (SBI) and Government Securities (SBN), that is Bank Indonesia Deposit Certificate (SDBI).

The amendment to this Circular includes the following:

SDBI means securities in rupiah currency issued by Bank Indonesia as acknowledgement of short term debts tradable between Banks only.

SDBI to be used as an underlying transaction in OMO and lending facility must meet the requirements of minimum remaining tenure of 2 (two) business days on the second leg of repo transaction.

The price and haircut of SDBI are determined and announced by Bank Indonesia on BI-SSSS and/or any other means under the following provisions:

The price of SDBI is determined by considering, among others, weighted average of discount rate on issuance and the remaining tenure of each SDBI series.

Haircut of securities: 0% (zero percent) for SDBI.

Early redemption of SDBI is made in the event transaction settlements of matured repo and lending facility fail or a transaction using SDBI occurs between a Bank and any party other than a Bank

Lampiran Attachments

Lampiran 1 External Circular Number 15/30/DPM

Lampiran 2 FAQ - External Circular Number 15/30/DPM

Lampiran 3

Lampiran 4

Lampiran 5

Lampiran 6

Lampiran 7

Lampiran 8

Lampiran 9

Lampiran 10

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Kontak Bank Indonesia Contact Center - BICARA : 500 131

Halaman ini terakhir diperbarui 1/27/2021 9:15 PM

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