Indonesia to Launch Central Counterparty Clearing House Next Week

BANK INDONESIA / BI - JAKARTA. Indonesia will launch a central counterparty clearing house (CCP) next week for foreign exchange and money market transactions, its central bank said on Tuesday, as it aims to deepen the capital markets of Southeast Asia's largest economy.

The CCP should help integrate Indonesia's currently fragmented and segmented money and foreign exchange markets, facilitating liquidity for banks by reducing default and other market risks, Bank Indonesia (BI) said.

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