By 2018, Bank Indonesia (“BI”) had already introduced a number of frameworks that specifically addressed money-market (“Markets”) instruments (“Instruments”) and Market transactions (“Transactions”), including the following:
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Regulation of BI No. 19/2/PBI/2017 on Deposit Certificate Transactions Through the Money Market (“Regulation 2/2017”)
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Regulation of BI No. 19/9/PBI/2017 on Commercial Securities Issuance and Transactions Through the Money Market (“Regulation 9/2017”)
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Regulation of BI No. 20/7/PBI/2018 on the Indonesia Overnight Index Average and the Jakarta Interbank Offered Rate (“Regulation 7/2018”)
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Regulation of BI No. 20/13/PBI/2018 on Rupiah Interest Rate Derivative Transactions (“Regulation 13/2018”)[1]
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