Jakarta, 12 January 2018 – PT Bank Central Asia Tbk (BCA) participated as a banking company active in the development of capital markets and increased real sector. Therefore, as a member of the Inter-Dealer Market Association for Government Securities (HIMDASUN), BCA also participated in the signing of the Global Master Repurchase Agreement (GMRA) or repo transaction agreement and reserve repo.
The signing of the GMRA was conducted by Director of BCA Rudy Susanto and HIMDASUN member bank management, witnesses by the Chief Executive of the Capital Market Supervisor of OJK Hoesen and Chairman of HIMDASUN Farida Thamrin at the Main Hall of Galeri Bursa Efek Indonesia, Friday (12/1/2018). On the occasion, HIMDASUN also launched the Market Standards for Repo Transactions on Debt Securities. These standards provide further guidelines made and agreed upon by the members of HIMDASUN on the provisions of POJK 09/POJK.04/2015 which requires the use of Global Master Repurchase Agreement Indonesia (GMRA Indonesia) documents in the implementation of repo transactions conducted by Financial Services Agencies (LJK).
“BCA responded well to these standards. We hope that these transaction standards will provide a shared understanding among market participants regarding repo transactions in order to improve professionalism, integrity and trust among themselves,” said Rudy Susanto.
As the Indonesian economy develops, repo transactions continue to rise throughout the years in terms of volume and value. For repo transactions in August 2017, BCA’s reverse repo grew by 55.95% to Rp3.42 trillion. BCA repo transactions dominated almost half of the repo market in Indonesia, reaching 40% to 50%.
Director of PT Bank Central Asia Tbk (BCA) Rudy Susanto (second right front) and the management of HIMDASUN’s member banks showed the signed document at the signing of the Global Master Repurchase Agreement (GMRA), witnessed Chief Executive of the Capital Market Supervisor of OJK Hoesen (second left) and Chairman of HIMDASUN Farida Thamrin at the Main Hall of Galeri Bursa Efek Indonesia, Friday (12/1/2018). On the occasion, HIMDASUN also launched the Market Standards for Repo Transactions on Debt Securities.
The Market Standard for Repo Transactions on Debt Securities is expected to provide a shared understanding among market participants regarding repo transactions in order to improve professionalism, integrity and trust among themselves.
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About PT Bank Central Asia Tbk (as of 31th December 2017)
BCA is one of the leading commercial banks in Indonesia with a core focus on transaction banking business and providing loan facilities and solutions to the corporate, commercial & SME and consumer segments. At the end of September 2017, BCA had the privilege of serving 17 million customer accounts, processing millions of transactions every day through 1,235 branches, 17,658 ATMs and more than 470 thousand of EDC machines as well as transactions made over the 24-hour internet and mobile banking systems.
For more information, please contact:
PT BANK CENTRAL ASIA TBK
Corporate Secretary – Corporate Communication Sub-division
Public Relations Office
Address : Jl. MH Thamrin No. 1
BCA Grand Indonesia Lt. 20
Jakarta Pusat
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : humas@bca.co.id
