- In order to support the utilization of the Triparty Repo Facility and to increase the interest of Triparty Repo Participants in transactions, PT Kliring Penjaminan Efek Indonesia ("KPEI"), in its role as the Triparty Repo Service Provider, has now deemed it necessary to extend the period of stimulus in the form of fee relief for the use of the Triparty Repo Facility through the issuance of Decree of the Board of Directors of PT Kliring Penjaminan Efek Indonesia No. KEP-001/DIR/KPEI/0124 of 2024, which will be applicable throughout the 2 January 2024 – 30 June 2024 period.
- The Decree stipulates that the application of the fee waiver for the use of the Triparty Repo Facility, as calculated through the use of the repo transaction value for the current month, should be performed in line with the following provisions: 1) If a repo transaction continues into the following month, then the reference value should utilize the purchase price; 2) If a repo transaction continues into the following month and there is a trade adjustment, then the reference value should utilize the purchase price set out in the most recent contract; 3) If a repo transaction is settled during the current month, then the reference value should utilize the purchase price set on the relevant repurchase date.
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