BI to Issue Regulations for NCD Sales

Eko Nordiansyah    •    20 Maret 2017 18:49 WIB
finance and money
BI to Issue Regulations for NCD Sales
Illustration (Photo: MI/Panca Syurkani), Jakarta: Bank Indonesia (BI) has prepared regulations for  negotiable certificate deposit (NCD) sales.

"End of March 2017," BI deputy governor Sugeng said in Jakarta on Monday.

The central bank will cooperate with the Financial Services Authority (OJK). The monetary authority also will collaborate with the Indonesia Central Securities Depository (KSEI).

"We will expand financing instruments," Sugeng mentioned.

"We also will ease liquidity conditions," Sugeng stated.

NCDs are normally offered by banks. They are usually brought by large institutional investors.