IBPA will launch valuation for two EBA

Monday, 03/05/2010 18:26:19 AM

IBPA will launch valuation for two EBA

By: Irvin Avriano A.

Bisnis Indonesia

JAKARTA (Bisnis.com): PT Penilai Harga Efek Indonesia (PHEI/Indonesia Bond Pricing Agency) will launch the valuation of derivative products asset backed securities (ABS) Danareksa Sarana mutigriya Multigriya Finansial-Bank Tabungan Negara (DSMF-BTN) I-II/2009 this month.

IBPA Director Hasan Fawzi said the product launch will enrich the assessment valuation given the company, which is currently in the form of market price valuation of corporate bonds and government sovereign securities (surat utang negara/SUN).

In addition, he said, it is expected that the valuation could increase investor interest to trade each other derivative securities in the market.

"We will do a soft launch for the working groups, especially those involved in the issuance of ABS," he said when contacted today.

He describes the parties involved in the EBA are PT Sarana Multigriya Finansial (SMF), PT Danareksa Investment Management, BTN as the issuer of mortgage, and PT Bank Rakyat Indonesia Tbk as the custodian.

According to him, IBPA will distribute the information that can be provide by their clients, a month later.

Hasan added later valuations will provide information about the fair value of these securities in the capital market that consists of all series issued BTN namely EBA A and B tranches of each serial issuance. (Wiw)