Jakarta, January 29, 1999, the financial services authority (OJK) launched a Global Master Repurchase Agreement (GMRA Indonesia) Indonesia with an accompanying event of the signing of the Deals Repo (Repurchase Agreement) using GMRA Indonesia by 4 national bank i.e. Bank Mandiri (Persero) Tbk (BMRI), Bank Negara Indonesia (Persero) Tbk (BNI) (BBNI), Bank Rakyat Indonesia (Persero) Tbk (BRI) (BBRI), and Bank Central Asia Tbk (BCA) (BBCA).GMRA Indonesia agreement document is required for use in the financial services Institutions in Repo transactions based on Regulation No. 09/OJK POJK. 04/2015 about Repo Transactions Guidelines For financial services Institutions and circular letter No. OJK. SEOJK. 33/04/2015 about Global Master Repurchase Agreement (GMRA Indonesia) Indonesia. The entire financial service Institutions from all sectors subject to the mandatory provisions of this doing transaction OJK repo. GMRA Indonesia drawn up by adopting a standard Global Master Repurchase Agreement Agreement (GMRA) published by the International Capital Market Association (ICMA) and equipped with a clause that legal conditions and the perpetrators in Indonesia. Some of the clauses contained in the GMRA Indonesia among others is the principle of the necessity of the existence of the transfer of ownership in any leg of transactions Repo, margin, maintenance and handling failures.Background drafting GMRA Indonesia is because the needs of the over standardization agreement Transactions Repo for the whole financial services sector, considering Indonesia's Repo Transactions as long as this is done with a different agreement or mechanism both between sectors as well as the offender and there is some problems in its implementation.With the presence of GMRA Indonesia is expected to practice implemented by the Repo Transactions throughout the financial services sector, as well as the Repo market is standardized in Indonesia will get in so can be used optimally by the perpetrators of particularly as alternative financing.Some programs as a follow-up in the implementation of GMRA Indonesia that currently carried out by, among others, drafting OJK market conduct by the offender, the development of a tri-party Repo, Repo Transaction settlement systems development, including also maintains a special tax treatment of transactions repo.
การแปล กรุณารอสักครู่..
