Monday, July 14, 2008

BTN Issues Investment Contract in October

PT Bank Tabungan Negara has changed the scheme of its assets securitization plan from secondary market financing into assets backed collective investment at the value of IDR500 billion in the October 2008.

The assets backed collective investment (KIK-EBA) is a contract between investment manager and custodian bank in which the investment manager will manage the investment and the custodian will manage the money.

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