METADATA

BASIC INFORMATION
1 / Data Category / : / Monetary Operation
2 / Statistics Disseminator / : / Directorate of Economic and Monetary Statistics
(DSM)Bank Indonesia
3 / Address / : / Jl. M.H. Thamrin No. 2
Jakarta 10350
4 / Contact / : / Settlement, Information and Administration Division
Directorate of Monetary Management
5 / Telephone / : / 62-21-3818361, 62-21-3817810
6 / Facsimile / : / 62-21-2310171
7 / Email / : /
DATA DEFINITION
  • Money Market Transaction is a short-term financial transactions (less than 1 year), whichincludes theissuance ofBank Indonesia Certificates (SBI), the issuance of Bank Indonesia Sharia Certificates (SBIS), Deposit Facility, Bank Indonesia Sharia Deposit Facility (FASBIS), Term Deposit, Repo, Inter-Bank Money Market (PUAB) and Inter-Bank Sharia Money Market (PUAS)
  • Monetary Operationis the implementation of monetary policies by BI in termsof monetary management through open market operations and standing facilities.
  • Open Market Operation (OMO) is transactions in money markets conducted by BI with Banks and/or other parties in terms of Monetary Operation.
  • Bank Indonesia Certificates(SBI)is securities in Rupiah currency issued by Bank Indonesia as the acknowledgement of short-term indebtedness.
  • Term Depositis deposit of rupiah funds owned by OMO Participants as term deposit with Bank Indonesia.
  • Repurchase Agreement (Repo) is transaction on the sale of Securities by OMO Participants to BI, with the re-purchase obligation by OMO Participants according to the agreed upon price and period.
  • Reverse Repo is transaction on the sale of Securities by OMO Participants from BI, with the re-sale obligation by the OMO Participants according to the agreed upon price and period.
  • Deposit facilityis placement of rupiah funds by Banks atBI in the context of Monetary Operations for a period of 1 (one) business day.
  • Lending Facility (LF)is provision of rupiah funds from BI to Banks in terms of Monetary Operation for a period of 1 (one) business day.
  • Sharia Monetary Operation(OMS)is the implementation of monetary policies by BI in termsof monetary management through open market operations and standing facilities under sharia principles.
  • Sharia Open Market Operation is transactions in money markets based on sharia principles conducted by BI with Sharia Commercial Banks and Sharia Business Units and/or other parties in terms ofSharia Monetary Operation.
  • Bank Indonesia Sharia Certificate(SBIS)is a short-term rupiah denominated securities based on sharia principles issued by BI.
  • Sharia Deposit Facility (FASBIS) is a placement of rupiah funds by sharia bank and sharia business unit at BI in the terms of Sharia Monetary Operation for a period of 1 (one) business day.
  • Financing Facility is provision of rupiah funds from BI to sharia bank and sharia business unit in terms of Sharia Monetary Operation for a period of 1 (one) business day.
  • Interbank Money Market(PUAB) is a lending borrowing activity in Rupiah and/or foreign currency among conventional banks with a maturity of up to 1 (one) year. PUAB consists of Rupiah PUAB – Morning Session, Rupiah PUAB –Afternoon Session, foreign exchange PUAB
  • Sharia Interbank Money Market (PUAS) is a short-term financial transaction among banks conducting business based on sharia principles either in rupiah or foreign currency
Before July 2010 :
  • Money Market Transaction is financial transaction in short-term period (less than 1 year), that includes Certificate of Bank Indonesia (SBI), Certificate of Bank Indonesia Sharia (SBIS), Bank Indonesia Deposit Facility (FASBI), Bank Indonesia Sharia Deposit Facility (FASBIS), Fine Tune Operation (FTO), Inter-Bank Money Market (PUAB) and Sharia Inter-Bank Money Market (PUAS)
  • SWBI is the evidence of Wadiah Depositing Fund. Wadiah Depositing Fund is depositing fund in short-time period which is using Wadiah Principle provided by Bank Indonesia for Sharia Bank or Sharia Business Unit (UUS). Wadiah is an agreement of depositing fund between the owners of funds with the party that receives the deposit which is trusted to maintain the fund. Since April 2008, SWBI no more exist and have been changed to Sharia Certificate of Bank Indonesia (SBIS)
  • Bank Indonesia Rupiah Deposit Facility (FASBI) is a facility provided by Bank Indonesia for Banks to place their funds in Bank Indonesia.
  • Fine Tune Operation(FTO) is a transaction in the context of OMO performed ad hoc by Bank Indonesia as necessary to affect banking liquidity in the short term at the transaction time, amount and price set forth by Bank Indonesia.

DATA COVERAGE
Coverage :
The OMO outstanding and money market transactions consist of:
  • SBI (In period of 1, 3, 6 and 9 month)
  • Term Deposit
  • Repo
  • Reverse Repo
  • Deposit Facility
  • Lending Facility
  • SBI Repo
  • SBIS (In period of 1,3, 6 and 9 month)
  • FASBIS
  • Financing Facility
  • SBIS Repo
  • PUAB in Rupiah and Foreign Currency (over night of morning session, over night of afternoon session, all maturity of morning session, all maturity afternoon session)
  • PUAS (over night and all maturity)
Before July 2010 :
The position data of OPT and Money Market Transaction consist of:
  • SBI (In period of 1, 3, and 6 month)
  • SBIS (In period of 1 month)
  • SBI Repo
  • SBIS Repo
  • SWBI
  • FASBI (overnight)
  • FTO (Contraction and Expantion )
  • PUAB in Rupiah and Foreign Currency (over night of morning session, over night of afternoon session, all maturity of morning session, all maturity of afternoon session)
  • PUAS (over night and all maturity)
Unit :
Billion and Thousand
Currency :
Rupiah and USD
PUBLICATION PERIODICITY
Monthly
TIMELINESS
6 (six) weeksafter the referenceperiod (website)
7 (seven) weeks after the reference period (for CD and printed matter)
ADVANCE RELEASE CALENDAR (ARC)
ARC (attached) will disclose every year by December.
SOURCE OF DATA
Bank Indonesia (BI) : LBU, LHBU, BI-SSSS
METHODOLOGY
The data recording process are :
  • Recording process
-The data of SBI, Term Deposit, Repo, Reverse Repo, Deposit Facility, Lending Facility, SBI Repo, SBIS, FASBIS, Financing Facility, and SBIS Repo are obtained from BI-SSSS Information System.
-The data of PUAB and PUAS are obtained from LHBU that delivered by Reporting Bank to BI online through extranet. Data submitted by the banks are entered to the OLTP (Online Transaction Processing) server after being validated for data accuracy. The business validations are done by the system based on parameter settings. Those Parameter Settings previously have been set especially for transactional data. Some data need to be confirmed to the relevant bank for validity and related to the sanction imposed. Data that has passed technical validation will be automatically moved to the portal.
-All data entered to the portal can be accessed directly by the users and BI through EDW, which is including the aggregated data, the detailed data by each Banks and inter-bank transaction data.
-Rupiah PUAB – Morning Session is started at 07.00 WIB – 12.00 WIB, PUAB – Afternoon Session at 12.00 – 18.00 WIB and Foreign exchange PUAB at 07.00 WIB - 18.00 WIB.
  • Calculation Method
-SBI
SBI is Issued and traded with discount system, SBI cash value is calculated based on true discount with formula as follows:
Cash Value = Nominal Value x 360
360 + (Discount Rate x Time Period)
Discount Value = Nominal Value – Cash Value
The outstanding of SBI is monthly total nominal value of SBI.
-Term Deposit
Term Deposit transaction conducted through auction mechanism with fixed or variable rate tender method.
Transaction of cash value term deposit is calculated based on true discount with formula as follow:
Cash Value = Nominal Value Term Deposit x 360
360 + ( Discount Rate x Time Period )
Discount Value = Nominal Value Term Deposit – Cash Value
The outstanding of Term Deposit is monthly total nominal value of Term Deposit.
-Repo
The repo transaction is conducted with sell and buy back principle. It is conducted through an auction mechanism with a fixed or variable rate tender method.
The outstanding of Repo is monthly total nominal value of Repo.
-Reverse Repo
The Reverse Repo is conducted with sell and buy back Principle. Reverse Repo is transaction conducted through an auction mechanism with a fixed or variable rate tender method.
The outstanding of Reverse Repo is monthly total nominal value of Reverse Repo.
-Deposit Facility
The outstanding of Deposit Facility is monthly total nominal value of Deposit Facility.
-Lending Facility
The outstanding of Lending Facility is monthly total nominal value of Lending Facility.
-SBI Repo
The SBI repo transaction is conducted with sell and buy back principle.
The outstanding of SBI Repo is monthly total nominal value of SBI Repo.
-SBIS
The outstanding of SBIS is monthly total nominal value of SBIS.
-FASBIS
The outstanding of FASBIS is monthly total nominal value of FASBIS.
-Financing Facility
The outstanding of Financing Facility is monthly total nominal value of Financing Facility.
-SBIS Repo
The outstanding of SBIS Repo is monthly total nominal value of SBIS Repo.
-PUAB
PUAB Overnight (O/N) transaction is monthly PUAB transaction with 1 day maturity
The all maturity PUAB transaction is monthly PUAB transaction with all maturity.
-PUAS Transaction
PUAS transaction is monthly PUAS transaction with all maturity.
DATA INTEGRITY
The data are final when first disseminated.Changes in methodology are noted along the data with the new methodology published for the first time.
PUBLIC ACCESS TO DATA
Data are disseminated on:
  • BI’ Website
  • Indonesian Financial Statistics (SEKI) Publication (printed matters and CD)
Data can also be acquired from:
  • SDDS/IMF’s Website (
  • BPS` Website (

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