Regulation of Finance
Explicitly the statement contained in Chapter VIII of the seventh section of the OD. However, these opportunities have not been offset by the Regional readiness in managing and organizing: (1) the internal organization, (2) its association with external parties. According Gunoto Saparie (2008) the management and structuring not only determine which steps publishing OD, but also prepare from start until after the issuance of pre OD activities.
It is recognized that: “Regulation of the Minister of Finance Number 147/PMK.07/2006″ establish procedures for issuance, Accountability, and Information Publication OD came into force on 29/12/2006. In the policy, which is the OD is a loan offered to the public through a public offering on the capital market. OD can only be issued in the domestic capital market and denominated in rupiah. Management organized by the Regional Head of OD which includes strategy and policy, including risk control, planning and establishment of regional loan portfolio structure, publishing OD, sales OD, OD repurchase prior to maturity, and accountability. Regulation of the Minister of Finance was taken in implementation of the provisions of Article 36 of Government Regulation Number 54 Year 2005 on Regional Borrowing.
Thus, the local government plan published OD makes a very interesting situation, as the opening of the taps of regional autonomy, especially with the Law No. 33 of 2004 on Financial Balance and the Central Region and the Ministry of Finance Regulation No. 147/PMK.07/2006 on Procedures of Issuance, accountability, Information and Publications OD. Financing through the issuance of bonds is a relatively inexpensive alternative financing and funding that could get pretty big, but it will all be accompanied by a lot of consequences that must be met by local government as an issuer.
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Tags: Business, Capital market, Finance, Financial services, Government, Initial public offering, Local government, Securitization