DNDF transactions are carried out based on contracts which must be supported by written confirmations proving that said transactions have been completed. DNDF transactions which are conducted by banks are carried out during the time window for open-market transactions through BI

The GWM fulfillment in rupiah during stages I - II should be implemented in line with the following validity periods: 1) Stage I: 1 July 2022 - 31 August 2022; and 2) Stage II: Since 1 September 2022

In essence, there are four types of transactions that are undertaken through the foreign exchange market which are recognized under this new regulation, specifically: 1) Cash transactions; 2) Exchange-rate derivate transactions; 3) Sharia hedging transactions; and 4) Other transactions, as determined by Bank Indonesia

The organization of systems by the relevant PJP and/or PIP encompasses the following matters: 1) Pricing schemes; 2) System capital obligation fulfillment; 3) Information technology auditor; 4) Development of activities, products and/or cooperation; 5) Cooperation with goods and/or service providers; 6) Sole ownership; and 7) Corporate actions that take the form of mergers, consolidations, separations and/or acquisitions

Unless Bank Indonesia sets specific applicable exceptions, then the utilization of the rupiah currency outside of Indonesian territory by both Indonesian and non-Indonesian parties is prohibited and any violation of this prohibition will result in the imposition of administrative sanctions

BUK, BUS and UUS that fail to fulfill their RPIM targets and that have RPIM fulfillment rates of less than 30% must comply with the RPIM giro, which is calculated as follows: 0.1 x the RPIM amount that has not been fulfilled

From 21 December 2021 until 2 January 2022, violators will be exempt from the imposition of sanctions in relation to violations of the GWM fulfilment obligations on condition that said banks have become participants in the BI-FAST system and have made BI-FAST funds available

Prospective primary dealers (i.e. banks or securities companies) are first required to submit their applications to the Minister of Finance through the Director-General of Financing and Risk Management enclosing statement letters that address the following matters: 1) Their willingness to comply with provisions that apply to primary dealers and that address the use of the primary dealer trading system infrastructure; 2) Their willingness to participate in buyback auctions of SUN and to connect to SUN buyback auction infrastructure; and 3) A statement affirming that they are not under any special supervision or currently subject to any administrative sanctions in the form of limitations on/suspensions of business activities

When facilitating retail payments, BI-FAST provides the following services: 1) Individual Credit Transfer services, for which the transaction nominal is limited to Rp. 250 million per Credit Transfer Request; and 2) Other services, as determined by the organizer

Parties that organize any of the activities which fall under the supervision of BI (particularly payment system organizers, money service activity organizers, money market and foreign exchange market players and other parties that are regulated and supervised by BI) are required to implement the BI consumer protection principles