Pre Annual Investment 2017 pemerintah daerah Opening Remarks  “Global Economic and Market Outlook 2017” (as prepared for Pre Annual Investment Forum 2017) 24-25 November 2016, Surabaya, Indonesia Honorable,   Our esteemed guest speakers, o Mr. Richard Kellly from TD Securities o Mr. Bilal Hafeez and Euben Paracuelles from Nomura o Mr. Jahangir Aziz from JP Morgan o Mr. Andre De Silva from HSBC o Mr. Gundy Cahyadi from DBS    My fellow colleagues from Bank Indonesia,    Distinguished Guests, Ladies and Gentlemen,  Good morning, 1.
We broke the mold when we realized that it was feasible to offer participants a simple choice: to operate on the basis of an efficient multilateral netting scheme that would partially settle some operations, or to operate on a gross basis. The intermediaries went for the most efficient solution.