Summary :

1. 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).
2. The amendment to this Circular includes the following:
   1. SDBI means securities in rupiah currency issued by Bank Indonesia as acknowledgement of short term debts tradable between Banks only.
   2. 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.
   3. 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:
      1. 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.
      2. Haircut of securities: 0% (zero percent) for SDBI.
   4. 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