Swap Hedge Transactions into Euros This Week Opened

By : Wiyanto Dan Aldo Bella Putra | Monday, October 23 2017 - 18:00 IWST

Bank Indonesia
Bank Indonesia

INDUSTRY.co.id - Jakarta - Bank Indonesia opened the Swap Hedging Transaction to Bank Indonesia in non US dollar denominated currency for Euro (EUR), starting October 25, 2017.

Previously, Bank Indonesia has opened the Swap Hedging Transaction to Bank Indonesia in non-US dollar denominated currency for the Yen (JPY) on July 12, 2017.

"The addition of foreign currency types used in the Swap Hedging Transactions to Bank Indonesia is conducted among others to encourage more diverse sources of financing for national economic activities," said Head of Communication Department of Bank Indonesia Agusman d Jakarta, Monday (23/10/2017).

According to him, Window time Transaction Swap Hedging to Bank Indonesia in non-USD currency is opened once a week, i.e. every Wednesday at 14:00 to 16:00 pm. The Bank may apply for a Swap Hedging Transaction to Bank Indonesia for the EUR currency in that window time with a minimum nominal submission of EUR 1,000,000 (one million Euro) with a multiple of EUR 100,000 (one hundred thousand Euro) and tenure available for 3 (three) and 6 (six) months.

He continued the submission of such transactions can be done by the bank by submitting the basic needs or underlying transactions. The regulation of underlying transactions has been set forth in Bank Indonesia Regulation No.18 / 8/2016 on Third Amendment to Bank Indonesia Regulation Number 15/17 / PBI / 2013 concerning Swap Hedging Transactions to Bank Indonesia.

"Through the policy of Bank Indonesia is expected to support diversified international investment and trade activities in various currencies. In addition, the transaction is expected to help manage liquidity and maintain the stability of the rupiah," he said.

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…