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RATING REQUIRED FOR ISSUES OF COMMERCIAL PAPERS (CP)

RATING REQUIRED FOR ISSUES OF COMMERCIAL PAPERS (CP) - Bank Indonesia stipulates that rating is now required for issues and trading of commercial papers (CP) between banks. The new provision on CP issues and trading is contained in Letter of Decision No.28/52/Kep/Dir, dated August 11, 1995, issued by the board of directors of Bank Indonesia. Commercial papers for trading must first obtain rating from a securities rating agency authorized by Bapepam. The maximum validity for commercial papers is 270 days. Commercial papers are issued by non-bank financial i

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