KPEI Officially Introduces Triparty Repo Facilities: 0.02% Usage Fee per Transaction Effective until 25 March 2026

In September 2024, the Bank Indonesia Board of Governors (“BI”) issued Regulation No. 9 of 2024 (“Regulation 9/2024”) on the Organization of Central Counterparties (“CCP”). This framework addresses various functions that are realized by CCP, including acting as agents for transaction actors after the commencement of financial transactions (Tri-Party Agents – “TPA”) following the issuance of BI recommendations. Among various functions, CCP may organize clearing activities for transactions that take place through the Money Market and Foreign Exchange Market (Pasar Uang dan Pasar Valuta Asing/PUVA).[1]