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Partnership with PT KBI, MNC Bank (BABP) Takes an Active Role in Supporting the Increase of Futures Trading Transactions

9 June 2022

Jakarta, 9 June 2022

PT Bank MNC Internasional Tbk (BABP) or MNC Bank, a subsidiary of PT MNC Kapital Indonesia Tbk (BCAP) under the management of MNC Group, has become the Depository and Payment Bank for Transaction Settlement for PT Kliring Berjangka Indonesia (KBI) and its members. This was realized through the signing of a cooperation agreement between MNC Bank and PT KBI.

This collaboration aims to encourage an increase in futures trading transactions through the convenience of banking services provided by MNC Bank. In addition, this collaboration is one of MNC Bank’s strategic steps to increase Third Party Funds (TPF). The appointment of MNC Bank as a Depository and Payment Bank for Transaction Settlement received permission from the Commodity Futures Trading Regulatory Agency (Bappebti) last April and received a recommendation from the Financial Services Authority (OJK) in December 2021.

The activities of margin fund deposits, clearing collateral funds and transaction settlement payments will use MNC Bank’s current accounts and banking services, both electronically and non-electronically. PT KBI and clearing members can take advantage of the e-Biz, cheque for non-cash transactions, and overbooking facilities from MNC Bank.