Investor Presentaiton
OIS and IRS Transactions: General Provisions
Market Players. Banks, bank clients, both individual
and non-bank institutions, and also foreign parties.
Market Conventions
Transaction Needs Analysis. A bank performing an IRS
or OIS transaction with a customer and/or foreign party
on behalf of the customer and/or foreign party is
required to have an analysis on the need of rupiah
interest rate derivative transactions.
Calculation
Base ACT/360
Interest Payment
based on Netting
BHINNEKA
OIS Quotation rates
based on 2 decimals
Market Conventions. When performing IRS and OIS
transactions, the respective bank is bound by market
conventions agreed upon by market players through
industry association including the Indonesian Foreign
Exchange Market Committee.
Settlement. Settlement can be performed as a netting
payment and every transaction has to be settled in
Rupiah. Close-out netting can be applied under
predetermined conditions.
IndONIA Index
with 5
decimals
Compound
Floating Rates
(CFR) based
on 5 decimals
Notional of Net
interest payment in
IDR with O decimals
Settlement Date = 1
business days after
Maturity Date (MD)
Quotation : 1W, 2W,
1M, 2M, 3M, 4M,
5M, 6M
At the 1st phase, OIS
settlement will only
be done at the end
of the OIS tenor
(MD+1bd).
Source: Bank Indonesia
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