PT Bank Mandiri facilitate transactions Global Master Repo Agreement (GMRA) Indonesia's Regional Development Bank (BPD). The signing of the cooperation of the facility conducted by the Director of Treasury and Markets, Bank Mandiri, Pahala N. Mansury and Directors of BPD throughout Indonesia in Bali, on Monday (1/2 / 2016). Pahala story, of this facility is an implementation of FSA Regulation No. 9 / POJK.04 / 2015 dated June 25, 2015 and the FSA Circular Letter No. 33 / SEOJK.04 / 2015 dated 23 November 2015 regarding repo transactions. In regulation in effect since January 1, 2016, all repo transactions conducted by financial institutions using Securities supervised by the FSA, must use GMRA Indonesia. See Also ■ Push the Repo transaction, the FSA Want Stimulus Tax ■ FSA Set Repo transaction to Give Legal Certainty ■ Develop Repo market, Takes Three Foreign Bank Mandiri repo transaction can be one of the alternative sources of funding and placement of funds in the interbank money market and to support the efforts of the Indonesian financial sector deepening. "We work with all BPD in Indonesia for GMRA Indonesia. We hope, through this cooperation BPD have more alternative placement of funds or source of funds that can be used for liquidity management, "said Pahala, as quoted from a written statement. The repo transaction in Indonesia has undergone a transformation. Starting in 2013 with the signing of the Mini MRA (Master Repo Agreement) by 8 banks pioneer, one of which is the bank. During the period after the signing of the mini MRA until the end of 2015, continued Pahala, the volume of repo transactions Bank Mandiri reach Rp 96 trillion, well with local banks, foreign banks and regional development banks. "Through the ease of transaction, we believe the interbank money market will be deeper and resistant to shocks, while providing greater flexibility for banks in liquidity management," said Pahala. (Gdn / Ahm)
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