SRBI Now Included on List of Highly-Valued Securities Permitted to Be Placed as PLJP Collateral

Previously, Bank Indonesia (“BI”) introduced a number of applicable provisions that specifically address short-term liquidity loans (Pinjaman Likuiditas Jangka Pendek - “PLJP”) through the issuance of Regulation Indonesia No. 4 of 2023 on Short-Term Liquidity Loans for Conventional Commercial Banks (“Regulation 4/2023”).[1] Among the five types of collateral that are permitted to secure PLJP under Regulation 4/2023 are highly-valued securities (“Securities”). These Securities break down into the following types:[2]