KBI Cooperates with BRI (BBRI) as Margin Fund Depository Bank

22 May 2024

BRI (BBRI) continues to be committed to presenting the latest products that are safe, comfortable, and innovative and continues to provide the best service for its customers. 

One of them is realized through the signing of a Memorandum of Understanding (MoU) between BRI and PT Kliring Berjangka Indonesia (PT KBI) in order to introduce a futures exchange transaction system through BRI.

In this collaboration, BRI acts as a Margin Fund Depository Bank (BPDM) while PT KBI plays a role in providing the best service for guaranteeing the settlement of futures contract transactions, warehouse receipts, commodity physical markets, and integrated commodity information services.  

The signing of this cooperation took place at the Innovation Center of BRI Building Jakarta on Wednesday (22/02/2024) which was attended directly by BRI's Director of Retail Funding and Distribution, Andrijanto, and KBI President Director, Budi Susanto.

Andrijanto said, this cooperation is a breakthrough that marks BRI's move towards innovation in conducting futures exchange transactions that are easy, convenient, and innovative to its customers.  

The existence of BRI as BPDM has functions, among others, as a depository for margin funds, where the funds are used as collateral or margin to conduct transactions. BRI's existence as BPDM also complies with applicable rules and regulations related to the management of margin funds, including minimum capital requirements and investor protection. 

“This cooperation is not only an important momentum for BRI and PT KBI, but also shows BRI's dedication to providing the best service to its customers. By becoming a Margin Fund Depository Bank (BPDM), the cooperation between BRI and PT KBI is a manifestation of BRI's presence to facilitate all transactions, especially futures exchange transactions, “said Andrijanto, in his official statement, Wednesday (5/22/2024).

Andrijanto added, BRI has become an important pillar in the banking sector in Indonesia, dedicated to increasing financial inclusion and providing innovative banking solutions to its diverse customers. 

With a rich heritage and commitment to excellence, BRI continues to be a pioneer in the financial industry whose services can be enjoyed by all levels of society.

Meanwhile, Budi Susanto said that with this collaboration, the commodity futures trading ecosystem is complete and will certainly provide more transaction service options for the public.

“As a clearing house, we are responsible for ensuring that every transaction runs in accordance with applicable regulations,” said Budi.

During 2023, PT KBI has conducted futures contracts and other derivatives totaling 7,830,098 lots excluding single stock contract transactions amounting to 218,853 lots.

Meanwhile, the daily transaction volume including CFDs or recorded at 30,115.8 lots. Meanwhile, the daily average volume outside CFD or Single Stock is 29,293.2 lots. 
With the presence of BRI as BPDM, it is hoped that it can further create alternative opportunities for third party funds for BRI and can strengthen the commodity futures trading industry which is more reliable, transparent and competitive at the national and global levels. 

BRI and PT KBI have a commitment to always present the latest products that are certainly safe, comfortable and innovative. With the cooperation that will take place, both parties hope to be able to answer challenges better, and provide the right solutions for customers.

“This cooperation is a clear proof of our commitment in strengthening the commodity futures trading ecosystem in Indonesia. We believe that with BRI's support as a Margin Fund Depository Bank, more and more people will be able to experience the ease and security of transactions. This is an important step to ensure that the commodity futures trading industry in Indonesia is increasingly trusted and competitive at the national and global levels,” said Budi.