B. obligation to pay 10/00 (one thousandth) of the face value of the cancelled transaction or a maximum of Rp 1,000,000,000.00 (one billion rupees); and/or, while in GMRA, any repurchase transaction is always the real sale or sale of assets that trigger the sale. According to Mr. Hoesen, many re boarding practices are not in line with good practice. B. The securities that can be recovered are securities issued by Indonesia Bank, the government and/or other institutions that are regulated by the Banking System Indonesia – Scripless Securities Settlement System. a. Securities that can be withdrawn are securities in the form of SBI and/or SUN, which belong to the bank and are included in the BI-SSSS facility trading account. f.
If, at the time of the second part of the transaction, the bank is unable to meet its obligations, the recovered securities are realized as follows: a). The time of the Repo transaction window is set from 16.00 to 17.00 WIB each day of the week. The chairman of the board of directors of the capital market watchdog Hoesen said that ojK is investigating numerous cases of fraud or illegal transactions on behalf of Repo as a gimmick. “The problem with this re boarding operation, so the standardization of the market has to be done because so far many re boarding operations, but the transactions are not real sales,” he told the Indonesian Stock Exchange (IDX) on Tuesday (21/5). 8. As soon as this circular comes into force, the provisions relating to the trading of indonesia certificates on the bank`s basis are repealed and cancelled on the applicable secondary market. f. The price of securities used for first-phase transactions is equal to the price of the securities used to calculate the second stage transactions.
Due to the growing demand for this transaction in the Indonesian capital market, the Financial Services Authority (OJK) has adopted, since 2015, a financial services authority (POJK) regulation 09/POJK.04/2015 regarding the pension guidelines of financial services institutions. In the POJK, it is necessary to use the document of the Global Master Repurchase Agreement (GMRA) Indonesia Annex to carry out repo transactions carried out by financial services institutions (LJK). c. Temporary suspension of participation in OPT activities for 5 (five) working days in the event that the bank is reprimanded for the cancellation of opt-activity transactions for the third time in the space of 6 (six) months d). The SBI Repo count consists of the SBI sales count (first leg) and the second leg note. The bank must have a sufficient DBI balance at the time of the first transaction and have a sufficient account balance at the time of the transaction in the second stage. Since the abandonment of the OJK rules, the renuining agreement must relate to GMRA Indonesia, which reduces the likelihood of loss of certain parties.