M E T A D A T A
BASIC INFORMATION
1
Data Category
2
Statistics
Disseminator
3
Address
4
Contact
5
6
7
Telephone
Facsimile
Email
: Interest Rate
Directorate of Economic and Monetary
: Statistics
(DSM) Bank Indonesia
: Jl. M.H. Thamrin No. 2
Jakarta 10350
: Settlement, Information and
Administration Division
Directorate of Monetary Management
: 62-21-3818361, 62-21-3817810
: 62-21-2310171
: smkf@bi.go.id
DATA DEFINITION

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Bank Indonesia Certificates (SBI) are securities issued in
Rupiah currency by Bank Indonesia as acknowledgement of
short term debt.
Jakarta Inter-Bank Offered Rate (JIBOR) is offering rate
indicator in interbank money market transactions in
Indonesia submitted by JIBOR contributor banks.
Insured Interest Rate is fair maximum interest rate to be
guaranteed.
Bank Indonesia Sharia Certificates (SBIS) is a short-term
rupiah denominated securities based on sharia principles
issued by Bank Indonesia.
Interbank Money Market (PUAB) is a lending-borrowing
activity
in
Rupiah
and/or
foreign
currency
among
conventional banks with a tenure of up to 1 (one) year.
PUAB consists of Rupiah PUAB – Morning Session, Rupiah
PUAB – Afternoon Session, and foreign exchange PUAB.
DATA COVERAGE
Coverage :
The data of Interest Rate, Discount and Rate
consist of:
 SBI (in period of 1 and 3 period)
 SBI REPO
 Time Deposit (in period of 1 and 3 period)
 JIBOR (in period of 1 and 3 period)
 Guarantee Program Maximum
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of
Return
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


SBIS
PUAB Rupiah – Morning Session (over night and
maturity)
PUAB Rupiah – Afternoon Session (over night and
maturity)
all
all
Unit : per cent (per hundred)
PUBLICATION PERIODICITY
Weekly
TIMELINESS
2 (two) weeks after the end of reference period
ADVANCE RELEASE CALENDAR (ARC)
ARC (attached) will disclose every year by December.
SOURCE OF DATA
Bank Indonesia (BI) : LBU, LHBU, BI-SSSS, BI website
Indonesia
Deposit
Interest Rate
Insurance
Corporation
(LPS):
Insured
METHODOLOGY
The data recording process are :

Recording process
- The data of SBI and SBIS are obtained from SBI auction
results published at BI website.
- The data of PUAB, PUAS, and JIBOR are obtained from
LHBU that delivered by Reporting Bank to BI online
through extranet. Data submitted by the banks are
entered to the OLTP (Online Transaction Processing)
server after being validated for data accuracy. The
business validations are done by the system based on
parameter
settings.
Those
Parameter
Settings
previously have been set especially for transactional
data. Some data need to be confirmed to the relevant
bank for validity and related to the sanction imposed.
Data that has passed technical validation will be
automatically moved to the portal.
- All data entered to the portal can be accessed
directly by the users and BI through EDW, which is
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115
including the aggregated data, the detailed data by
each Banks and inter-bank transaction data.
Rupiah PUAB – Morning Session is started at 07.00 WIB
– 12.00 WIB, PUAB – Afternoon Session at 12.00 – 18.00
WIB and Foreign exchange PUAB at 07.00 WIB - 18.00
WIB.
-

Calculation Method
- SBI Interest Rate
SBI Interest Rate is calculated using weighted average
method by weighting the rate by the volume of SBI
transaction in each bidding rate which is not exceeded
the SOR conducting in the reference period.
Stop-Out Rate (SOR) is the highest discount rate
resulted from auction in order to achieve SBI quantity
target which will be published by Bank Indonesia.
The SBI Interest Rate formula is as follows:
(vol1 x rate1) + (vol2 x rate2)
+ (vol3 x rate3) + (vol N x rate N)
SBI Interest Rate =
-----------------------------------------------------------------Total Volume
SBI Interest Rate is established by Fixed Rate and
Variable Rate method. SBI Interest Rate with Fixed Rate
method was stipulated by BI and referred to BI Rate
(conducted since Mei 2006 through January 2008). SBI
Interest Rate with Variable Rate method is calculated
using weighted average (conducted since January 1998
through April 2006 and reenacted since February 2008
until now).
-
SBIS Rate of Return
The SBIS rate of return is refered to the discount rate
resulting from the auction of SBI with the same
maturity that is issued simultaneously with the
issuance of the SBIS under the following provisions:
a. If the SBI auction applies a fixed rate tender method,
the SBIS rate of return will be the same as the
discount rate of the SBI auction
b. If the SBI auction applies a variable rate tender
method, the SBIS rate of return will be the same as
the weighted average of discount rate resulting from
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the SBI auction.
If SBI auction is not conducted in the reference
period, the SBIS rate of return will refer to the
latest SBIS rate of return or SBI discount rate with
the same maturity.
-
PUAB
PUAB overnight (O/N) interest rate is monthly PUAB rate
with 1 day maturity calculated by weighting avarage
method in the reference period.
The all maturity of PUAB interest rate is monthly PUAB
rate with all maturity calculated by weighting avarage
method in the reference period.
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JIBOR
JIBOR is calculated from the average Interest Rate
indicator offered by JIBOR bank members. It is
excluding the highest and the lowest offered rates.
-
Guarantee Program Maximum
Guarantee Program Maximum is determined by BI since
Juny 1st 1998 through September 21st 2005 including the
maximum of Third Party Deposit Rate and PUAB in Rupiah
and foreign currency (USD). The maximum Insured Third
Party Deposit Rate in Rupiah and foreign currency (USD)
is calculated by the average of term deposit rate for
each maturity in Rupiah and foreign currency (USD) from
JIBOR bank members appointed by Bank Indonesia within 1
(one) week period plus point based margin. The maximum
PUAB Rate in Rupiah and foreign currency (USD) is
calculated by the average of PUAB O/N rate in Rupiah
and foreign currency (USD) from JIBOR bank members
appointed by BI within 1 (one) week period.
With the establishment of Indonesia Deposit Insurance
Corporation (LPS), since September 22nd, 2005, the
maximum insured interest rate is determined by LPS and
limited to the third party deposit (PUAB rate is no
longer insured). From September 22nd, 2005 through May
9th, 2006, the maximum insured interest rate is
calculated by the average of term deposit rate for each
maturity in Rupiah and foreign currency (USD) from
selected banks in a certain period. Since May 9th, 2006,
the insured interest rate is equal to BI Rate or a
certain rate determined by LPS, whereas the USD insured
interest rates is determined by LPS.
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-
PUAS Rate of Return
The PUAS rate of return is monthly PUAS rate of return
with all maturity calculated by weighting avarage
method in the reference period.
(Total (Indication Rate of IMA Certificate each bank
x profit loss sharing nisbah for Fund
Investment Bank of each bank x volume
transaction of each bank))
PUAS Rate of Return = ---------------------------------------------------------------------------------------------------------------x 100
(Total volume of transaction in all
banks)
Information :
Indicator rate of IMA certificate =
Indicator
rate
of IMA certificate rate of return before distributed to
fund’s manager Bank in previous month.
DATA INTEGRITY
The data are final when first disseminated. Changes in
methodology are noted along the data with the new methodology
published for the first time.
PUBLIC ACCESS TO DATA
Data is disseminated through:

BI’ Website
http://www.bi.go.id/web/id/Statistik/Metadata/SEMI/

Indonesian Monetary Economic Statistics
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