Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Robert Sidauruk
To increase the liquidity of foreign exchange in the market and minimize potential losses from foreign exchange transactions, three regulations on hedging transactions have been issued for State Owned Enterprises (BUMN) and banks.
“These provisions are provided under regulations issued by Bank Indonesia (BI), the Minister of BUMN , and the Minister of Finance, must be implemented in a consistent manner,” urged Destry Damayanti, Bank Mandiri’s Head Economist, during a seminar titled “Hedging in Indonesia; between Mitigation v Speculation”, in Jakarta on Monday.
The regulations are Minister of State Owned Enterprises Regulation No. PER-09/MBU/2013 of 2013 on General Policies for Hedging Transactions by State Owned Enterprises (see ILB No. 2250); BI Regulation No. 15/8/PBI/2013 on Bank Hedging Transactions (see ILB No. 2259); and the Minister of Finance Regulation No. 12/PMK.08/2013 on Hedging in Government Debt Management (see ILB No. 2090).
Specific to the banking sector, Destry highlights the importance for national banks to optimize hedging transactions. By performing effective hedging transactions, costumer will be in a stronger position against the risk of exchange rate fluctuations.
Another effort to maximize the result of hedging regulations according is encouraging BUMN to actively perform hedging as part of their business strategy for assets protection. Destry also emphasized the importance of liquidity in the foreign exchange market, which can be realized by boosting the influx of Foreign Exchange Export Results.
Given the complexity of hedging transactions, Destry suggests that there must be a unfifed understanding on hedging mechanisms among customers, public accountants, and the Audit Board of the Republic of Indonesia (BPK).
“There is must be a common concept of the underlying transactions between all stakeholders to avoid speculation,” added Destry.
Likewise, Scenaider Siahaan, Director of Debt Strategy and Portfolio at the Ministry of Finance, says that hedging transactions are a crucial instrument as an alternative measure for managing state debt. Based on past experience, Siahaan explains, these transactions are effective to control financial risk that may arise under fluctuations in interest rate and currency exchange rates.
“It is hoped that through hedging transactions, the State Budget may be preserved and the state’s liabilities are reduced,” adds Scenaider.
(hot/kc)
Fathan Qorib, Robert Sidauruk
To increase the liquidity of foreign exchange in the market and minimize potential losses from foreign exchange transactions, three regulations on hedging transactions have been issued for State Owned Enterprises (BUMN) and banks.
“These provisions are provided under regulations issued by Bank Indonesia (BI), the Minister of BUMN , and the Minister of Finance, must be implemented in a consistent manner,” urged Destry Damayanti, Bank Mandiri’s Head Economist, during a seminar titled “Hedging in Indonesia; between Mitigation v Speculation”, in Jakarta on Monday.
The regulations are Minister of State Owned Enterprises Regulation No. PER-09/MBU/2013 of 2013 on General Policies for Hedging Transactions by State Owned Enterprises (see ILB No. 2250); BI Regulation No. 15/8/PBI/2013 on Bank Hedging Transactions (see ILB No. 2259); and the Minister of Finance Regulation No. 12/PMK.08/2013 on Hedging in Government Debt Management (see ILB No. 2090).
Specific to the banking sector, Destry highlights the importance for national banks to optimize hedging transactions. By performing effective hedging transactions, costumer will be in a stronger position against the risk of exchange rate fluctuations.
Another effort to maximize the result of hedging regulations according is encouraging BUMN to actively perform hedging as part of their business strategy for assets protection. Destry also emphasized the importance of liquidity in the foreign exchange market, which can be realized by boosting the influx of Foreign Exchange Export Results.
Given the complexity of hedging transactions, Destry suggests that there must be a unfifed understanding on hedging mechanisms among customers, public accountants, and the Audit Board of the Republic of Indonesia (BPK).
“There is must be a common concept of the underlying transactions between all stakeholders to avoid speculation,” added Destry.
Likewise, Scenaider Siahaan, Director of Debt Strategy and Portfolio at the Ministry of Finance, says that hedging transactions are a crucial instrument as an alternative measure for managing state debt. Based on past experience, Siahaan explains, these transactions are effective to control financial risk that may arise under fluctuations in interest rate and currency exchange rates.
“It is hoped that through hedging transactions, the State Budget may be preserved and the state’s liabilities are reduced,” adds Scenaider.
(hot/kc)