In general, the processing stages which are involved in the completion of payment transactions through Indonesian Payment Systems break down as follows: 1) Pre-transaction; 2) Initiation; 3) Authorization; 4) Clearing; 5) Final settlement; and 6) Post-transaction

Organizers who are subject to Bank Indonesia consumer protection provisions now comprise the following: 1) Payment system organizers; 2) Money service activities organizers; 3) Money market and foreign exchange market players; and 4) Other parties which are regulated and supervised by Bank Indonesia

BI has now incorporated the activity of the provision of funds to Sharia OPT participants in order to manage liquidity with collateral in the form of securities that meet the sharia principle. This also applies to sharia standing facilities through the provision of credit facilities to sharia standing facilities participants that can also be encumbered with securities that meet the sharia principle

Indonesian appointed cross-currency dealer banks are now required to inform Bank Indonesia if they are in the process of having their licenses revoked or are planning to undergo corporate actions, otherwise, they will be subject to administrative sanctions

The leniency is to be granted on a monthly basis between 16 April 2020 and 31 December 2020.

The Amendment introduces LTV/FTV ratios for ownership of green property, as well as minimum down-payment rates for loans/financing for green motor-vehicles

The Central Counterparties for Over-the-Counter Interest and Exchange Rate derivative transactions (CCP SBNT) must possess IDR 400 billion in capital at the minimum and secure two-stage licenses, namely principle license and business license

The fines range from 0.25% to 0.5%, depending on the types of violations

Banks may engage in rupiah interest rate derivative transactions in the form of interest rate swap transactions with customers (i.e. Indonesian non-bank legal entities and citizens), foreign parties and other banks through the following types of exchanges: 1) Interest fixed rate flow with interest floating rate flow; or 2) Interest floating rate flow with other interest floating rate flow

In organizing transaction performance facilities, ETP providers and brokerage companies are required to secure business license while systematic internalisers and stock-exchange organizers are required to secure operational license