With the ultimate goal of improving liquidity and efficiency across the financial market, Bank Indonesia (“ BI ”) has issued Regulation of the Bank Indonesia Board of Governors No. 21/13/PADG/2019 on Rupiah Interest Rate Derivative Transactions in the Form of Interest Rate Swap Transactions (“ Regulation 13/2019 ”). [1]

Provisions on Rupiah Interest Derivative Transactions in the Form of Interest Rate Swap Transactions Further Regulated
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