07.45
Banking forex liquidity more Tight
Muhammad Rozif Abdulloh
JAKARTA - Liquidity of foreign exchange in the banking industry will continue believed to national security. Debts of foreign exchange to banks abroad also more difficult because of the high interest rates. However, it can be solved if the foreign exchange bank debt that matures can be extended.
Standard Chartered Bank economist Fauzi Ichsan said, its quiet liquidity of foreign exchange to make banks increasingly difficult to meet the needs its forex, both for purposes Pour credit and operational. The same also cause the rupiah deprisiation its mouth because the supply of dollars is minimal.
"Bank of foreigners choose to prioritize their own needs rather than giving loans to other banks," he told this newspaper yesterday. This is done because the sources of foreign banks and their own liquidity is tight.
Moreover, foreign banks always see the risk in a country. "The risk in emerging markets are concerned," he said. Currently, one of the parameters of rating, credit default swap Indonesia is still tolerable level, the level of 858, including the highest in the region.
He said, the liquidity of foreign exchange will be safe if the sizable foreign exchange bank debt maturing in 2009 can be extended. "The key is in the roll over, it can be in the roll-over."
Separately, Wapresdir PT BCA Tbk Jahja Setiaatmadja recognize the debt if the forex is strict bank. However, he ensure the liquidity condition stable forex BCA. "BCA has no foreign exchange debt maturing in 2009," he said when contacted yesterday.
To get the debt of foreign exchange from foreign banks, said Director of Risk Management of Bank Mandiri Sentot A. Sentausa, is difficult. "Interest rates are not reasonable," said the Jawa Pos yesterday.
If the previous reference to LIBOR, currently have the cost of funds. "Banks use foreign funds plus the cost of reference margin loan that is expected. Very high," said Sentot.
In difficult situations like this time, forex Average debt using the reference LIBOR plus 3 percent (300 basis points). Currently, the interest rate for interbank loans denominated in USD (LIBOR) tenures month reached 1.47 percent per year. (Eri / fan
Standard Chartered Bank economist Fauzi Ichsan said, its quiet liquidity of foreign exchange to make banks increasingly difficult to meet the needs its forex, both for purposes Pour credit and operational. The same also cause the rupiah deprisiation its mouth because the supply of dollars is minimal.
"Bank of foreigners choose to prioritize their own needs rather than giving loans to other banks," he told this newspaper yesterday. This is done because the sources of foreign banks and their own liquidity is tight.
Moreover, foreign banks always see the risk in a country. "The risk in emerging markets are concerned," he said. Currently, one of the parameters of rating, credit default swap Indonesia is still tolerable level, the level of 858, including the highest in the region.
He said, the liquidity of foreign exchange will be safe if the sizable foreign exchange bank debt maturing in 2009 can be extended. "The key is in the roll over, it can be in the roll-over."
Separately, Wapresdir PT BCA Tbk Jahja Setiaatmadja recognize the debt if the forex is strict bank. However, he ensure the liquidity condition stable forex BCA. "BCA has no foreign exchange debt maturing in 2009," he said when contacted yesterday.
To get the debt of foreign exchange from foreign banks, said Director of Risk Management of Bank Mandiri Sentot A. Sentausa, is difficult. "Interest rates are not reasonable," said the Jawa Pos yesterday.
If the previous reference to LIBOR, currently have the cost of funds. "Banks use foreign funds plus the cost of reference margin loan that is expected. Very high," said Sentot.
In difficult situations like this time, forex Average debt using the reference LIBOR plus 3 percent (300 basis points). Currently, the interest rate for interbank loans denominated in USD (LIBOR) tenures month reached 1.47 percent per year. (Eri / fan
