Bank Indonesia to Launch Central Counterparty, Partners with 8 Domestic Banks

Tempo09-25

TEMPO.CO, Jakarta - Indonesia’s central bank Bank Indonesia will launch a new agency, the Central Counterparty (CCP) on September 30, 2024. As a result of collaboration with eight domestic banks, the ...

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As a result of collaboration with eight domestic banks, the ...</p>\n\n<a href=\"https://en.tempo.co/read/1920570/bank-indonesia-to-launch-central-counterparty-partners-with-8-domestic-banks\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IPK","symbol_name":"SPDR S&P International Technolog","start_time":0,"source_url":"https://en.tempo.co/read/1920570/bank-indonesia-to-launch-central-counterparty-partners-with-8-domestic-banks","article_id":"2470281627","we_media_id":null,"thumbnails":["https://statik.tempo.co/data/2019/12/05/id_894879/894879_720.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470281627","pubTimestamp":1727240421,"columns":[],"sourceInfo":{"source_id":"tempo_highlight","name":"Tempo"},"weMediaInfo":null,"summary":"TEMPO.CO, Jakarta -Indonesia’s central bank Bank Indonesia will launch a new agency, the Central Counterparty  on September 30, 2024. As a result of collaboration with eight domestic banks, the Indonesia Clearing and Guarantee Institution , and the Indonesia Stock Exchange , Bank IndonesiaCCP is a Financial Market Infrastructure  that carries out central clearing functions in the Money Market and Foreign Exchange Market . It is also expected to mitigate various risks in PUVA transactions, thus attracting foreign investors to invest in Indonesia.\"It was carried out as a consortium with eight banks, Bank Indonesia, and the stock exchange,\" said the Head of the BI Financial Market Development Department, Donny Hutabarat, during a media briefing on Tuesday, September 24, 2024.","collect":0,"end_time":0,"defaultTopTitle":"tempo.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"IPK":"SPDR S&P International Technolog","IDX":"印度尼西亚ETF-Market Vectors","BK7093":"消费信贷","BK7124":"保健护理服务","IDX.AU":"INTEGRAL DIAGNOSTICS LTD","CCP.AU":"CREDIT CORP GROUP LTD"},"translate_title":"印尼央行将推出中央对手方，与8家国内银行合作","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCP.AU":1,"IDX":1,"IDX.AU":1,"IPK":1},"content_text":"TEMPO.CO, Jakarta - Indonesia’s central bank Bank Indonesia will launch a new agency, the Central Counterparty (CCP) on September 30, 2024. As a result of collaboration with eight domestic banks, the Indonesia Clearing and Guarantee Institution (IDClear), and the Indonesia Stock Exchange (IDX), Bank Indonesia CCP is a Financial Market Infrastructure (IPK) that carries out central clearing functions in the Money Market and Foreign Exchange Market (PUVA). It is also expected to mitigate various risks in PUVA transactions, thus attracting foreign investors to invest in Indonesia.\n\"It was carried out as a consortium with eight banks, Bank Indonesia, and the stock exchange,\" said the Head of the BI Financial Market Development Department, Donny Hutabarat, during a media briefing on Tuesday, September 24, 2024.\n\n\n\n\n\n\n\n\n\nOn August 12, Bank Indonesia, IDClear, IDX, and eight banks, namely Mandiri, BRI, BNI, BCA, CIMB Niaga, Danamon, Maybank, and Permata have signed an Inter-Shareholder Agreement for the establishment of CCP.Donny explained that the eleven entities would become CCP owners. \"Other banks are welcome to join CCP later,” Donny said.Bank Indonesia, Donny said, considered banks’ ownership of CCP to be necessary to encourage stronger commitment to clearing.According to Donny, Bank Indonesia has screened the banks offered to join CCP. The eight banks are considered to have large market transaction volumes, adequate infrastructure, sound risk management, and good preparedness and commitment.Furthermore, Donny explained that the Bank Indonesia-initiated CCP will focus on banking companies until 2025. CCP will then expand on non-banking parties from 2026 to 2030.NABIILA AZZAHRA | PETIR GARDA BEditor’s Choice: Bank Indonesia, Bank of Korea Agree on Local Currency Transaction Framework    Click here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470281627"}