Jakarta, ThedailyID — PT Kliring Berjangka Indonesia (PT KBI), a member of the Danareksa state-owned holding group, has been appointed by Bank Indonesia as the country’s clearing and guarantee institution for money market and foreign exchange derivatives (PUVA), making it the only state-owned enterprise to receive the mandate.
The appointment marks a significant milestone for PT KBI, as PUVA derivatives form part of its commodity futures trading business portfolio. Through a business license issued by Bank Indonesia in late January 2026, the company has expanded its role in strengthening the stability of Indonesia’s financial market infrastructure.
PT KBI President Director Budi Susanto described the mandate as a major responsibility in building a safer and more resilient financial ecosystem. He said the company is committed to supporting an inclusive and transparent financial market through efficient infrastructure and comprehensive risk management, positioning PT KBI at the forefront of transaction risk mitigation in the money and foreign exchange markets.
The company has met stringent regulatory standards set by Bank Indonesia and has coordinated closely with Jakarta Futures Exchange to structure PUVA derivative transactions under three mechanisms: exchange-traded derivatives, transactions conducted through alternative trading systems, and offshore trading arrangements. This framework is designed to ensure legal certainty and strong protection for market participants.
PT KBI has also begun fulfilling its operational reporting obligations to Bank Indonesia as of early February 2026. With more than four decades of experience as a clearing and guarantee institution, the company is leveraging its expertise to support the goals of the Blueprint for Money Market Development 2030, focusing on internationally aligned infrastructure built around interconnection, interoperability, and integration.
As an infrastructure provider, PT KBI is prioritizing secure and transparent settlement of PUVA derivative transactions, supported by a robust risk management framework. This strategy aligns with Bank Indonesia’s broader roadmap for developing derivative instruments and reinforcing the resilience of the national financial system.
Through this appointment, PT KBI strengthens its position not only as a clearing institution but also as a key pillar of Indonesia’s financial infrastructure, playing a central role in safeguarding financial system stability amid evolving global economic conditions.
