Rabu, Mei 22, 2019

Market Standards for Repo Transactions Introduced

On 21 May 2019, the Financial Services Authority (“OJK”) and the Indonesia Securities Companies Association (Asosiasi Perusahaan Efek Indonesia - “APEI”) jointly launched the Market Standard Repurchase Agreement for Equity Securities (“Market Standards”) due to the growing popularity of Repo transactions within the equity market.
The Market Standards specifically address various types of settlement transactions, as well as the role of brokers during Repurchase Agreement (“Repo”) transactions. The Market Standards themselves have been formulated as a follow-up measure to the previously issued Regulation of the OJK No. 9/POJK.04/2015 on Repurchase Agreement Transaction Guidelines for Financial Service Institutions, which was subsequently followed by the validation of the Indonesian Global Master Repurchase Agreement (“GMRA”).
The APEI is hoping that the new Market Standards will be used as guidelines during Repo transactions in Indonesia and that, as a result, international best practices will be adopted across the Indonesian Repo market. _(ANT)

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On 21 May 2019, the Financial Services Authority (“OJK”) and the Indonesia Securities Companies Association (Asosiasi Perusahaan Efek Indonesia - “APEI”) jointly launched the Market Standard Repurchase Agreement for Equity Securities (“Market Standards”) due to the growing popularity of Repo transactions within the equity market.
The Market Standards specifically address various types of settlement transactions, as well as the role of brokers during Repurchase Agreement (“Repo”) transactions. The Market Standards themselves have been formulated as a follow-up measure to the previously issued Regulation of the OJK No. 9/POJK.04/2015 on Repurchase Agreement Transaction Guidelines for Financial Service Institutions, which was subsequently followed by the validation of the Indonesian Global Master Repurchase Agreement (“GMRA”).
The APEI is hoping that the new Market Standards will be used as guidelines during Repo transactions in Indonesia and that, as a result, international best practices will be adopted across the Indonesian Repo market. _(ANT)

......