Bank Indonesia Circular Letter Number 10/43/DPM - Second Amendment to Bank Indonesia Circular Letter Number 10/2/DPM dated January 31, 2008, concerning Repurchase Agreement Transactions with Bank Indonesia in Secondary Market - Bank Sentral Republik Indonesia
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September 29, 2020
Summary Bank Indonesia Laws

Regulation : Bank Indonesia Circular Letter Number 10/43/DPM - Second Amendment to Bank Indonesia Circular Letter Number 10/2/DPM dated January 31, 2008, concerning Repurchase Agreement Transactions with Bank Indonesia in Secondary Market
Effective date : December 9, 2008
Summary :
  1. Provisions on amount of Securities tradable under repo by Bank have been improved, namely from the amount of securities held by a Bank on 1 (one) business day prior to the transaction date to the amount of Securities held by the Bank.
  2. Provisions on Haircut that influences Repo selling settlement value have been improved, namely the amount of Haircut shall be computed by Bank Indonesia based on each securities type and series.
  3. Provisions contained in Bank Indonesia Circular Letter Number 10/38/DPM concerning FLI have been improved, especially on remaining days to maturity of Securities tradable under Repo due to unpaid FLI, namely provisions on the remaining days to maturity of Securities tradable under Repo shall be excluded if the Repo transaction originates from unpaid FLI transaction.
    If a Repo transaction originates from unpaid FLI, on the mature Repo transaction the Securities under Repo shall still have remaining days to maturity at least of :
    1. 1 (one) business day for SBI and SPN; or
    2. 9 (nine) business days for Treasury Bond including ORI and ZCB
  4. Provisions in this Circular Letter shall come into force as of December 9, 2008.
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