CRITERIA FOR COUNTERPARTIES OF BANK INDONESIA MONETARY OPERATIONS

The criteria for bank that is deemed eligible to become Bank Indonesia counterparty in monetary operation, both in the rupiah and foreign exchange market, are the following:

1. The bank is a direct member of Bank Indonesia Real Time Gross Settlement System (BI-RTGS) and Bank Indonesia Scriptless Securities Settlement System (BI-SSSS);

2. The bank is a subject of the minimum reserve requirement regulation;

3. The bank holds a license to operate as a foreign exchange bank in domestic market (aplicable only for transactions in domestic foreign exchange market).