As an initial step, the facilitation of the “mini” Master Repo Agreement initiative for a number of pilotbanks is seen as a meaningful step and will contribute to the implementation of a larger scale initiative which is the General Master Repo Agreement.
In addition, Bank Indonesia will also issue a number of money market regulation and several funding instruments for financial institution liquidity management such as the revision of the commercial paper regulation and the inter bank repo transaction based on syariah principle. We will also undergo policy harmonization and increase dissemination and education to the market player. 47.