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

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…

Listrik Ilustrasi

Senin, 08 Oktober 2018 - 02:00 WIB

Electrical System in Central Sulawesi is 75% Normal

Jakarta - Electricity, telecommunications, roads, airports and fuel supply (BBM) infrastructure have begun to recover in areas affected by the earthquake in Central Sulawesi. Assistance from…