In an effort to reduce the costs of funding for firms to single-digit levels, Indonesia will use a new policy rate framework to guide the country’s interest rates. It is not clear whether banks will expand credit in response.
Swift has recently published research providing up-to-date details on those running bank payment obligations. At present, 25 corporates are involved in live transactions.
Thomas Tan, CIMB global sales, FX and transaction head offers advice to companies considering billing in local currencies to obtain better trade terms and improve group-wide hedging strategies.
Sep 30, 2013
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