Indonesia eyes netting changes to enable derivatives CCP


Indonesia’s central bank is pushing for a legal change that would allow banks to apply close-out netting on derivatives trades.

Bank Indonesia says it would also spur the development of a new derivatives clearing house in the country within the next few years that would focus initially on clearing local currency non-deliverable forwards (NDFs) and interest rate swaps. Foreign banks say this should help the onshore market, and would help them trade more with local counterparties.

“During this

You are currently unable to copy this content. Please contact [email protected] to find out more.

Leave A Reply

Your email address will not be published.