International Monetary FundWorld Bank2017-08-102017-08-102010-11https://hdl.handle.net/10986/27738This 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.en-USCC BY 3.0 IGOACCEPTABLE COLLATERALACCESS TO BANKSACCOUNTINGASSETSATMBANK ACCOUNTBANK ACTIVITIESBANK CUSTOMERSBANK GUARANTEEBANK INDONESIABANK SUPERVISIONBANKING INDUSTRYBANKING SUPERVISIONBANKRUPTCYBANKSBASICBILATERAL CONTRACTCAPITAL MARKETCAPITAL MARKETSCASH BALANCESCASH SETTLEMENTCENTRAL BANKCENTRAL BANK CREDITCENTRAL BANK SERVICESCENTRAL BANKSCHECK CLEARINGCLAIMCODE OF CONDUCTCOLLATERALCOLLATERAL ARRANGEMENTSCOMMERCIAL BANKSCOMMUNITIESCONNECTIVITYCONSOLIDATIONCONSUMER PROTECTIONCORRESPONDENT BANKCORRESPONDENT BANK RELATIONSHIPCORRESPONDENT BANKSCOURT OF LAWCREDIT EXTENSIONCREDIT RISKCREDIT RISK MANAGEMENTCREDIT RISKSCREDIT TRANSFERSCREDITORCREDITSCREDITWORTHINESSDEBTORDECLARATION OF BANKRUPTCYDEPOSITDEPOSIT ACCOUNTDERIVATIVESDERIVATIVES MARKETSDIRECT DEBITDISASTER RECOVERYDISCLOSUREELECTRONIC INFORMATIONELECTRONIC TRANSACTIONSENFORCEABILITYERROR MESSAGESEVENT OF DEFAULTEVENT OF INSOLVENCYFEDERAL RESERVEFEDERAL RESERVE SYSTEMFINAL SETTLEMENTFINANCIAL EFFICIENCYFINANCIAL INDUSTRYFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL MARKETSFINANCIAL REGULATORSFINANCIAL RISKSFINANCIAL SYSTEMFINANCIAL TELECOMMUNICATIONFIXED COSTSFOREIGN CURRENCYFOREIGN EXCHANGEFOREIGN EXCHANGE TRANSACTIONSFUND TRANSFERFUNDS TRANSFERGOOD GOVERNANCEGOVERNMENT SECURITIESHARDWAREINFORMATION EXCHANGESINSOLVENCYINTERNAL AUDITINTERNATIONAL BANKINTERNATIONAL PAYMENT SYSTEMSINVESTINGIT SERVICESJUDGESJURISDICTIONSLARGE VALUE PAYMENTLAWSLEGACY TECHNOLOGIESLEGAL ACTIONLEGAL FRAMEWORKLEGAL PROCESSLEGISLATIONLIQUIDATIONLIQUIDATION OF ASSETSLIQUIDITYLIQUIDITY RISKLIQUIDITY RISKSMAKING PAYMENTSMANAGEMENT OF RISKMANAGEMENT OF RISKSMANAGEMENT SYSTEMMANDATEMARKET FOR GOVERNMENT SECURITIESMARKET STRUCTUREMIGRATIONMONETARY AUTHORITYMONETARY FUNDMONETARY POLICYMONITORSNATIONAL CLEARING SYSTEMNET SETTLEMENTNETWORK PROTOCOLNETWORKSNEW BANKRUPTCYNEW BANKRUPTCY LAWNONBANK FINANCIAL INSTITUTIONSNONBANKSNUMBER OF BANKSON SITE EXAMINATIONOPEN ACCESSOVERNIGHT REPOPASSWORDPAYMENT CARDSPAYMENT INSTRUMENTSPAYMENT OF DEBTSPAYMENT SERVICESPAYMENT SYSTEMPAYMENT SYSTEMSPAYMENT TRANSACTIONSPAYMENTS SYSTEMPEER REVIEWPOST OFFICEPRIVATE BANKSPUBLIC KEYPUBLIC POLICYQUEUESREAL TIMEREAL TIME GROSS SETTLEMENTREAL TIME GROSS SETTLEMENT SYSTEMRECEIVERREGIONAL DEVELOPMENT BANKSREGULATORY AUTHORITIESREGULATORY AUTHORITYREORGANIZATIONREPORESERVESRETAIL PAYMENTSRISK MANAGEMENTRISK MANAGEMENT TOOLRTGSSECONDARY MARKETSECURITIES SETTLEMENTSECURITIES SETTLEMENT SYSTEMSECURITIES SETTLEMENT SYSTEMSSECURITIES SYSTEMSECURITIES TRANSACTIONSSECURITY POLICYSEPARATION OF DUTIESSERVICE LEVEL AGREEMENTSERVICE PROVIDERSSETTLEMENT RISKSSETTLEMENT SYSTEMSSETTLEMENTSSTAKEHOLDERSSTATE BANKSSTATUTORY PROVISIONSSTOCK EXCHANGESUPERVISORY AGENCYSYSTEM DESIGNSYSTEM DESIGNSSYSTEMIC RISKTECHNICAL ASSISTANCETELECOMMUNICATIONSTELECOMMUNICATIONS INFRASTRUCTURETERMINALSTRANSACTIONTRANSPARENCYTURNOVERTWO-FACTOR AUTHENTICATIONVARIABLE COSTSWEBSITEReportWorld Bank10.1596/27738