Regulatory Alerts2015-11-16
Bank Indonesia Circular Letter No. 17/37/DPM Concerning Open Market Operations
Bank Indonesia issued this circular to re-regulate implementing provisions for open market operations, defining key terms and infrastructure for monetary control. The document establishes detailed procedures for the issuance, tendering, bidding, and settlement of Bank Indonesia Certificates (SBI) and Bank Indonesia Deposit Certificates (SDBI) to manage rupiah liquidity. It further specifies transaction limitations, such as a mandatory one-week holding period for SBIs, and outlines supervision and sanction mechanisms for violations by monetary operation participants.
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