Kamis, 13 Februari 2020 16:15:00

Bank Indonesia Adopts Refinitiv Auctions for Domestic NDFs

Follows strong demand of Refinitiv Auctions in 2019 across Asia, Europe, the Middle East and Africa as Central Banks look to drive innovation and efficiency in financial markets

JAKARTA, INDONESIA / SINGAPORE / LONDON, UK - Media OutReach - 13 February 2020 - Bank Indonesia (BI) has adopted Refinitiv Auctions for Domestic Non-deliverable Forwards (NDFs), as Central Banks increasingly rely on electronic tools to ensure their markets function in an orderly, efficient manner. Refinitiv Auctions is an innovative platform that combines a trading venue, real-time view of bid submissions, market surveillance and processing capabilities.

Domestic NDFs are a monetary policy instrument employed by the Central Bank to enhance financial markets. It also provides an alternative hedging instrument for market participants. In addition, the Indonesian Rupiah-settled NDFs auctions are run on a daily basis over Refinitiv Auctions to support a stable exchange rate.

With Indonesian member banks, brokers and the Central Bank onboard, Refinitiv Auctions underpins efficient performance of NDF auction tenders. The solution helps BI automate trade processes in a secure environment.

Refinitiv Auctions facilitated over $1.225 trillion in 2019 while seeing rapid volume growth and adoption with a 27% year on year increase in customers, and is now used by Central Banks and Corporates in Europe, the Middle East, Africa and Asia. Refinitiv is able to address Central Banks and Corporates auction needs on data residency and infrastructure costs by offering its solution uniquely on either a hosted or deployed basis. Support is now also in place for Islamic Finance Shari'ah compliant auctions for both Central Banks and Corporates.

"We highly appreciate the collaboration between Bank Indonesia and Refinitiv to ensure that monetary operations in Indonesia can be done in more efficient way through Auctions," said Nanang Hendarsah, Head of Monetary Management Department at Bank Indonesia.

"The launch of Refinitiv Auctions for domestic NDF operations is a great example of our long-lasting partnership with Bank Indonesia, driving innovation in Asian financial markets. With Auctions catering to multi-purpose auction techniques, bringing more transparency and efficiency to monetary policy execution mechanisms in emerging and frontier markets, we are pleased to be supporting Bank Indonesia as they stand at the forefront of innovation in financial technology," said Stuart Brown, Global Head of Emerging and Frontier Markets at Refinitiv.


About Refinitiv

Refinitiv is one of the world's largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community - driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. For more information visit: www.Refinitiv.com .

 

Share
loading...
Berita Terkait
  • 21 jam lalu

    Take off to Strategy 2025 goals: DHL Express upgrades its fleet with six new Boeing 777 Freighters this year

    DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 61 billion euros in 2018.
  • 21 jam lalu

    BTS Membawa Lebih Twitter Dengan 17 Juta Tweet di 48 Jam

    volume Tweet memuncak dalam satu jam pertama ketika album ini dirilis, menghasilkan 1,2 Juta Tweet 18:00-19:00 (KST) pada 21 Februari.
  • 6 hari lalu

    CUHK Business School Research Reveals U.S. Firms Not Coming Home Amid Trump's Trade War

    On one hand, risk averse firms may try to diversify some uncertainty by establishing back up suppliers and customers. On the other hand, such uncertainty may disincentivise investm
  • 6 hari lalu

    Bringing Ogura Hyakunin-isshu Kyogi Karuta from Otsu, the Holy Land of Karuta, to the World

    The same karuta trial lesson is scheduled to be held on Monday (national holiday) February 24th at Omi-jingū Shrine's Omi Kangakukan. We are recruiting participants until
  • Komentar
    Copyright © 2020 Global Riau - Berita Riau Hari Ini. All Rights Reserved.
     
    loading...
    google.com, pub-1045294159295760, DIRECT, f08c47fec0942fa0 google.com, pub-1967056301068318, DIRECT, f08c47fec0942fa0