The Jakarta Interbank Offered Rate is an indicative rate for unsecured loan transactions on the money market offered by one contributor bank to another in order to lend the rupiah of certain tenors in Indonesia. JIBOR is a reference rate used for financial transactions, including a reference rate for floating and derivative transactions, as well as to evaluate rupiah denominated financial instruments. The use of JIBOR will help create a deep and liquid money market as well as boost transaction efficiency, which will ultimately reinforce monetary and financial system stability in Indonesia. JIBOR is published through the Bank Indonesia website daily at 10:00 WIB. In addition, JIBOR is also published thorough the Commercial Bank Daily Reporting System of Bank Indonesia, Thomson Reuters and Bloomberg. JIBOR is determined based on indicative rates submitted by contributor banks. In order to improve JIBOR credibility, Bank Indonesia requires contributor banks to receive rupiah lending and/or borrowing requests at the indicative rate submitted by the contributor bank while fulfilling certain time limits and restrictions, in effect 1st April 2015.
Key Features and Coverage on RIMES
For this data source, RIMES hosts 6 money market indices, including Jakarta Interbank Offered Rates in Indonesia Rupiah.
Some of the data items available include:
- Description, Database Domain Code, Last Price Date, Series Value, Database Source, Database Symbol