BANK INDONESIA
Bank Indonesia (“BI”) Members of the Board of Governors Regulation No. 24/5/PADG/2022 regarding the Fifth Amendment of BI Members of the Board of Governors Regulation No. 20/15/PADG/2018 regarding the Implementation of Instant Fund Settlement Through the Bank Indonesia-Real Time Gross Settlement (“BI-RTGS”) System
Enacted and came into force on May 13, 2022
This Regulation amends the guidelines for the implementation of the BI-RTGS System. Specifically, it amends Appendixes VII, VIII, and IX, which address the operational hours of the BI-RTGS System, the list of transaction type codes, and transaction types, codes, and procedures for the completion of Treasury Single Account transactions.
With the issuance of this Regulation, the provisions regarding:
i. the deadline for Bank Indonesia-Fast Payment (“BI-FAST”) top-up transactions through the BI-RTGS system; and
ii. the transaction code for BI-Fast top-up transactions through the BI-RTGS system, are applicable beginning June 20, 2022. Otherwise, the provisions of this Regulation apply beginning May 13, 2022.
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