Bank Indonesia Opens Renminbi Hedge Swap Transactions - Bank Sentral Republik Indonesia
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April 06, 2020

No. 19/92/DKom  

Bank Indonesia opens Hedge Swap Transactions to Bank Indonesia in Offshore Chinese Renminbi (CNH), starting from 6 December 2017. Previously, Bank Indonesia has opened Hedge Swap Transactions to Bank Indonesia in Yen (JPY) on 12 July 2017 and Euro (EUR) on 25 October 2017. The additional foreign currencies in Hedge Swap Transactions to Bank Indonesia are made to encourage more diverse financing sources for national economic activities.

The window time of Hedge Swap Transactions to Bank Indonesia in non-US dollar opens once a week, on Wednesdays from 14.00-16.00 West Indonesia Time. A bank may request Hedge Swap Transactions to Bank Indonesia for CNH in the window time in a minimum amount of CNH 10,000,000 (ten million Offshore Chinese Renminbi) in multiples of CNH 1,000,000 (one million Offshore Chinese Renminbi) and the tenor available is for 3 (three) and 6 (six) months. The transaction may be requested by a bank by submitting the underlying transactions. The underlying transactions are stipulated in Regulation of Bank Indonesia No.18/8/2016 on the Third Amendment to Regulation of Bank Indonesia No. 15/17/PBI/2013 on Hedge Swap Transactions to Bank Indonesia.

The policy adopted by Bank Indonesia is expected to support international investment and trade activities diversified in many currencies. In addition, it is expected that the transactions can help liquidity management and maintenance of Rupiah exchange rate stability.


Jakarta, 5 December 2017
Communication Department


Agusman
Head of Department
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