Forex transaction is a sale / purchase of foreign currency in the form of a general foreign exchange made in cash or futures between 2 (two) currencies with simplification according to the agreement. Forex transactions involve the purchase of one (1) currency against the sale of another currency, settlement and delivery of the funds falls on a specific date.

The two currencies that we quotation to the customer (bank) is the US dollar and Indonesian rupiah (IDR)

Forex foreign exchange are:
Today (1 business day)
Tom / Tomorrow (today into the next business day)
Spot (today to two business days next)
Time to trade Forex: 8 AM to 4 PM

Swap transactions are simultaneous transactions of the purchase or sale of a particular currency, followed by a contract of sale or purchase of a given currency into the future.
The two currencies we have quoted to the customer (bank) are US Dollar against Rupiah (IDR / Indonesian Rupiah)

Currency swap transactions are:
Overnight (O / N): 1 business day
Tom / Next (T / N): 1 working day after today to the next 1 business day
Spot / Next (S / N): 2 working days after today to the next 1 business day
As for the currency above Spot / Next (such as: 1 week to 1 year), calculated from the currency for swap transactions is between 8 AM to 4 PM

Forward Transaction is a purchase or sale transaction of a currency whose rate is approved by two parties on this day, and the date of physical delivery is determined more than 2 (two) working days after the day of the transaction.
The two currencies we have quoted to the customer (bank) are US Dollars and Rupiah (IDR / Indonesian Rupiah)
Time to trade forward is between 8 AM to 4 PM

We do not close the possibility to conduct quotes outside the two currencies above usually it can happen when there is a special request / requirement from the customer (bank).

The electronic media we use to quote FX, Swap and Forward are voice box, Reuter Eikon Messenger (RM) and Reuters Market Data System (RMDS).
As for transaction confirmation, we use electronic media: Reuters Market Data System (RMDS), Bloomberg and Faximile.
To view our quoted prices, both for Forex (opening price, ongoing & closing) or Swap (from O/N to 1 year), please see Reuters page: EXCOJK

1. Interbank Call Money
   is Money Market product with the rupiah currency timed 1 day up to 1 year:
   O/N IDR
   1 Week IDR
   2 Week IDR
   1 Month IDR
   3 Month IDR, 6 Month IDR and 12 Month IDR


2. USD
   Dollar borrowing tenor 1 day to 12 months


3. SDBI
   Certificates of Deposit of Bank Indonesia
   Sale and purchase of securities with a term of less than 1 year


4. SBI
   Bank Indonesia Certificates
   Sale and purchase of securities with a term of less than 1 year


5. GMRA
   Global Master Repurchase Agreement
   Lending and borrowing transactions with securities / underlying securities, can be SDBI, SBI, SUN

Bank Indonesia Product

1. Auction products
   • SBI/SBIs
   • RR SUN   >>> Reverse Repo
     Usually tenors of 7, 14 and 28 days
   • SDBI
     Tenors 3,6,9 dan 12 months
   • TD (Term Deposit)
     IDR…...usually under 7 days
     USD…..tenors 1,7,14,28,90 days
   • SBBI Valas
     Bank Indonesia Securities Foreign Exchange



2. Products that are not auctioned

   Standing Facility in the form

1. Depo Facility
   
   Banks with excess funds keep their funds in BI used to be FASBI
   Rate is currently 4 pct
   
2. Landing Facility
   Banks that are under-funded are pledging securities to BI to get IDR

1. IDR TREASURY BILL
Short-term government securities with maturities ranging from a few days up to 13 months

2. IDR GOVT BONDS
Long-term government securities with maturities of issuance of more than 5 years, with a fixed interest
- SUBDEBT, OBLOGASI FR ( Fixed Rate )

3. IDR RECAP BONDS
Government securities with fixed interest rate or floating interest payments every 3 months (Quarterly)
- INDORB FLOAT. OBLIGASI VR ( Variabel Rate )

4. IDR GOVT INTERNATIONAL BONDS
Bonds issued by the central government, the minister / BI, do not have the risk of failure, bond prices will fall if interest rates rise.
- INDON

5. IDR RETAIL BONDS
Bonds that are traded in units smaller nominal value, corporate bonds and government bonds.
- INDORI, ORI ( Obligasi Ritel Indonesia )

6. IDR SUKUK BONDS
Sharia securities issued and sales regulated by the State, namely the Ministry of Finance (MoF)
- INDOIS, SR ( Sukuk Retail ), PBS (Project Based Sukuk ), SPM ( Surat Perbendaharaan Neraca)

7. CSS / IRS
- CSS ( Cross Current Swap)
An agreement between the two Party to redeem its principal and interest payments in the form of different currencies. Principal exchange using the exchange rate at inception
- IRS ( Interest Rate Swap)
An agreement between two parties to exchange a series / series are fixed interest payments in one currency with series / series are floating interst payments in the same currency (or vice versa)