Indonesia to launch central counterparty clearing house next week

Quick Summary:

JAKARTA : Indonesia will launch a central counterparty clearing house (CCP) next week for foreign exchange and money market transactions, its central bank said on Tuesday, as it aims to deepen the capital markets of Southeast Asia's largest economy.

Each shareholder will pay four types of guarantee funds to the CCP that could prevent CCP from default, Hutabarat said.

BI issued rules on CCPs in 2019 in response to a G20 resolution to control derivative risks after the 2008 global financial crisis.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesiaJapanOman

Topics: Central Indonesia Money Banks Market House Financial Transactions Bank Hutabarat Clearing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 18:33:27 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 375 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22694989

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 10 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 11 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions