Jakarta, hitclubapk3 Indonesia
—
Bank Indonesia
(BI) determines the bonds of PT Sarana Multigriya Finansial (
SMF
) as
underlying
for transactions
repurchase agreement
(Repo).
SMF bonds are the first corporate debt securities that can be used as
underlying
Repo transactions.
“Determination of SMF debt securities as
underlying
This repo is not executed instantly.In the past few months, we have carried out an assessment of SMF debt securities where several criteria were tested including market limitations, range
outstanding
,
credit rating
, state
entities
and go into categories
high quality liquid assets
or HCLA,” said Main Director Ananta Wiyogo at the “Introduction of SMF Debt Securities as Underlying Bank Indonesia REPO Transactions” at the Ministry of Finance, Jakarta, Thursday (20/11).
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Meanwhile, BI Senior Deputy Governor Destry Damayanti said the expansion
underlying
BI Repo will encourage increased liquidity in financial markets and reduce
cost of funds
.It is hoped that this expansion will deepen the financial market as a source of economic financing, including the housing sector.
“So far we only accept SBN,” said Destry.
Destry said that the winner of the repo auction for SMF debt securities since the first day it was launched, November 10 2025, reached IDR 290 billion from 9 banks.The maturity date is set at 7 days from the settlement date of November 11 2025 with interest of 4.85 percent.
“In the future we will
open
for
corporate bonds
.Of course we’ll see later
quality
his too.
Market practice
we will carry it out,” added Destry.
A repo is a transaction in which a seller promises to buy back an asset at a later date at a certain price.As for
underlying
is the asset that is sold and serves as collateral for the loan in the repo .
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(fby/dhf)
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