3I Development Direction for Money Market Infrastructure, Monetary Operations, and Payment Systems Moving Forward  BANKING SYSTEM  Customer  FOMOBO/Swift  Multimatching System  Intervention: Spot, DNDF BANK  BANK  Order  Nonbank  Rp  Member Bank  OIS  Forex BANK  IRS  Repo SBN  Swap  DNDF  Forward  Spot  MO Rupiah: Repo, RR-SBN Agent Bank  • Issuance auction of SBN/SBSN/SUKBI, others  REFINITIV  Member Bank  Bloomberg  360T  Monetary Operation (MO) & other auction  • MO FX: FX Term Deposit, FX SBBI • Issuance auction: SBN /SBSN FX  BANK  Data/Information Flow  • Standing Facilities: DF & LF  Member Bank  Nonresident  Transaction Flow  MO FX : FX Swap BI  BANK  BANK  BANK  BANK  Call money  Repo  OIS  IRS  Other Money Market  Spot  DNDF  Forward  FX Swap  Other FX Market  Market Info: • Market Rate • Market liquidity  Benchmark Price & Monetar Operation Result: • Volume & Repo o/n rate • Volume & rate OIS • JISDOR  CCP: DNDF, Repo, OIS, IRS  Trade Repository  Secondary SBN auction o.b.o.
BI-APS  Government  Monetary Operation (MO) BI  the Gov't: • Buyback • Debt switching  BI RTGS BI SSSS  Omni Data Repository (INDRA)  ANTASENA  Source: Bank Indonesia  75  which will be followed by other infrastructure, particularly the modernization of the BI-SSSS, which facilitate the use of SBN as underlying for repo transactions and other money market derivative products.