SMF debt repo transactions reach Rp1.25 trillion under expanded BI scheme
Daily trading in SMF debt rose from Rp31 billion to Rp180 billion, according to Bank Indonesia Governor Destry Damayanti.
Banks have conducted Rp1.25 trillion in repo transactions involving debt issued by PT Sarana Multigriya Finansial (Persero), or SMF, under Bank Indonesia’s expanded scheme, Governor Destry Damayanti said on 2 October 2026. The measure covering SMF securities was introduced on 26 September 2025.
Speaking at a joint press conference with Housing and Settlement Areas Minister Maruarar Sirait at Bank Indonesia’s building, Destry said daily trading in SMF debt had increased sixfold, from Rp31 billion to Rp180 billion. She said the policy, developed with the Ministry of Finance, had improved liquidity for housing finance.
The repo facility allows banks holding SMF debt to pledge those securities to Bank Indonesia to obtain fresh liquidity. The central bank’s broader expansion of eligible repo assets covers securities or debt issued by both SMF and SMI, Destry said.
Destry said the measure was intended both to deepen financial markets and to support housing funding. SMF operates as a quasi-government secondary housing finance institution, providing long-term liquidity support for banks that offer mortgages.
