Republic of Indonesia Financial Sector Assessment Program

This assessment forms part of the joint International Monetary Fund (IMF) and World Bank Indonesia Financial Sector Assessment Program (FSAP) which is being undertaken during 2009-2010. The assessment which covers the Bank Indonesia's real time gross settlement (BI-RTGS) system's observance of the Committee on Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems (SIPS) and the Central Bank's Responsibilities in applying the Core Principles was conducted during the first mission. The assessment which was conducted with the cooperation of the Bank Indonesia and other key players in the payment systems area was undertaken by Alice Zanza, Senior Payment Systems Specialist, World Bank with the assistance of Bruce Summers, Senior Payment Systems Advisor, World Bank. Although there are several systems in operation in Indonesia, BI considers the Bank Indonesia Real Time Gross Settlement (BI-RTGS) system to be the only systemically important payment system in the country. BI-RTGS is owned by BI and operated by the Payment Systems Department in the Directorate of Accounting and Payment Systems. To date, the assessment team does not have any information to expand the scope of systemically important payment systems in Indonesia and has conducted the assessment of the RTGS system, as the sole SIPS in the country.

Bibliographic Details

Main Authors:	International Monetary Fund, World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	Washington, DC 2010-11
Subjects:	ACCEPTABLE COLLATERAL, ACCESS TO BANKS, ACCOUNTING, ASSETS, ATM, BANK ACCOUNT, BANK ACTIVITIES, BANK CUSTOMERS, BANK GUARANTEE, BANK INDONESIA, BANK SUPERVISION, BANKING INDUSTRY, BANKING SUPERVISION, BANKRUPTCY, BANKS, BASIC, BILATERAL CONTRACT, CAPITAL MARKET, CAPITAL MARKETS, CASH BALANCES, CASH SETTLEMENT, CENTRAL BANK, CENTRAL BANK CREDIT, CENTRAL BANK SERVICES, CENTRAL BANKS, CHECK CLEARING, CLAIM, CODE OF CONDUCT, COLLATERAL, COLLATERAL ARRANGEMENTS, COMMERCIAL BANKS, COMMUNITIES, CONNECTIVITY, CONSOLIDATION, CONSUMER PROTECTION, CORRESPONDENT BANK, CORRESPONDENT BANK RELATIONSHIP, CORRESPONDENT BANKS, COURT OF LAW, CREDIT EXTENSION, CREDIT RISK, CREDIT RISK MANAGEMENT, CREDIT RISKS, CREDIT TRANSFERS, CREDITOR, CREDITS, CREDITWORTHINESS, DEBTOR, DECLARATION OF BANKRUPTCY, DEPOSIT, DEPOSIT ACCOUNT, DERIVATIVES, DERIVATIVES MARKETS, DIRECT DEBIT, DISASTER RECOVERY, DISCLOSURE, ELECTRONIC INFORMATION, ELECTRONIC TRANSACTIONS, ENFORCEABILITY, ERROR MESSAGES, EVENT OF DEFAULT, EVENT OF INSOLVENCY, FEDERAL RESERVE, FEDERAL RESERVE SYSTEM, FINAL SETTLEMENT, FINANCIAL EFFICIENCY, FINANCIAL INDUSTRY, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, FINANCIAL REGULATORS, FINANCIAL RISKS, FINANCIAL SYSTEM, FINANCIAL TELECOMMUNICATION, FIXED COSTS, FOREIGN CURRENCY, FOREIGN EXCHANGE, FOREIGN EXCHANGE TRANSACTIONS, FUND TRANSFER, FUNDS TRANSFER, GOOD GOVERNANCE, GOVERNMENT SECURITIES, HARDWARE, INFORMATION EXCHANGES, INSOLVENCY, INTERNAL AUDIT, INTERNATIONAL BANK, INTERNATIONAL PAYMENT SYSTEMS, INVESTING, IT SERVICES, JUDGES, JURISDICTIONS, LARGE VALUE PAYMENT, LAWS, LEGACY TECHNOLOGIES, LEGAL ACTION, LEGAL FRAMEWORK, LEGAL PROCESS, LEGISLATION, LIQUIDATION, LIQUIDATION OF ASSETS, LIQUIDITY, LIQUIDITY RISK, LIQUIDITY RISKS, MAKING PAYMENTS, MANAGEMENT OF RISK, MANAGEMENT OF RISKS, MANAGEMENT SYSTEM, MANDATE, MARKET FOR GOVERNMENT SECURITIES, MARKET STRUCTURE, MIGRATION, MONETARY AUTHORITY, MONETARY FUND, MONETARY POLICY, MONITORS, NATIONAL CLEARING SYSTEM, NET SETTLEMENT, NETWORK PROTOCOL, NETWORKS, NEW BANKRUPTCY, NEW BANKRUPTCY LAW, NONBANK FINANCIAL INSTITUTIONS, NONBANKS, NUMBER OF BANKS, ON SITE EXAMINATION, OPEN ACCESS, OVERNIGHT REPO, PASSWORD, PAYMENT CARDS, PAYMENT INSTRUMENTS, PAYMENT OF DEBTS, PAYMENT SERVICES, PAYMENT SYSTEM, PAYMENT SYSTEMS, PAYMENT TRANSACTIONS, PAYMENTS SYSTEM, PEER REVIEW, POST OFFICE, PRIVATE BANKS, PUBLIC KEY, PUBLIC POLICY, QUEUES, REAL TIME, REAL TIME GROSS SETTLEMENT, REAL TIME GROSS SETTLEMENT SYSTEM, RECEIVER, REGIONAL DEVELOPMENT BANKS, REGULATORY AUTHORITIES, REGULATORY AUTHORITY, REORGANIZATION, REPO, RESERVES, RETAIL PAYMENTS, RISK MANAGEMENT, RISK MANAGEMENT TOOL, RTGS, SECONDARY MARKET, SECURITIES SETTLEMENT, SECURITIES SETTLEMENT SYSTEM, SECURITIES SETTLEMENT SYSTEMS, SECURITIES SYSTEM, SECURITIES TRANSACTIONS, SECURITY POLICY, SEPARATION OF DUTIES, SERVICE LEVEL AGREEMENT, SERVICE PROVIDERS, SETTLEMENT RISKS, SETTLEMENT SYSTEMS, SETTLEMENTS, STAKEHOLDERS, STATE BANKS, STATUTORY PROVISIONS, STOCK EXCHANGE, SUPERVISORY AGENCY, SYSTEM DESIGN, SYSTEM DESIGNS, SYSTEMIC RISK, TECHNICAL ASSISTANCE, TELECOMMUNICATIONS, TELECOMMUNICATIONS INFRASTRUCTURE, TERMINALS, TRANSACTION, TRANSPARENCY, TURNOVER, TWO-FACTOR AUTHENTICATION, VARIABLE COSTS, WEBSITE,
Online Access:	http://documents.worldbank.org/curated/en/810381468269396836/Indonesia-CPSS-core-principles-for-systemically-important-payment-systems-detailed-assessment-of-observance https://hdl.handle.net/10986/27738
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