OJK: Natural Resource Export Proceeds Can Serve as Collateral to Support Business Needs

The Financial Services Authority (OJK) has stated that export proceeds from natural resources (DHE SDA) can be treated as cash collateral to provide more space for supporting the financing needs of the business world, without neglecting the principle of prudence.

“We support the use of DHE SDA funds as cash collateral, provided they meet the requirements in accordance with OJK regulations regarding the asset quality of commercial banks, including Islamic commercial banks (BUS) and Islamic business units (UUS),” said the Chair of the OJK Board of Commissioners, Friderica Widyasari Dewi, during a press conference following the May 2026 RDKB meeting in Jakarta on Friday.

Friderica noted that the portion of fund provision secured by DHE SDA cash collateral, as long as it meets certain requirements, may be excluded from the calculation of the Maximum Allowable Lending Limit (BMPK). “OJK has also sent a letter to the banking industry to support the implementation of the DHE SDA Government Regulation (Government Regulation Number 21 of 2026),” she added.

Regarding the implementation of the DHE SDA policy, Friderica also stated that OJK is committed to supervising the escrow accounts used in the execution of this policy. Furthermore, OJK is ensuring the support of the banking industry and strengthening coordination with relevant ministries and agencies.

As a matter of information, the primary provision in the DHE SDA policy requires exporters to repatriate 100 per cent of their natural resource export proceeds into the Indonesian financial system, with a 100 per cent compliance rate.

Natural resource exporters are also required to place DHE with a minimum retention of 30 per cent for the oil and gas industry and 100 per cent for the non-oil and gas industry into special accounts within the Indonesian financial system. This retention must be held for a minimum of three months for the oil and gas sector and 12 months for the non-oil and gas sector.

The repatriation and placement of DHE SDA must be conducted through member banks of Himbara (the Association of State-Owned Banks). Specifically for the implementation of bilateral trade agreements, understandings, or accords, the retention of DHE SDA from the mining sector must be at least 30 per cent for a minimum period of three months and may be placed in non-Himbara banks. Additionally, the conversion limit for foreign currency DHE to Rupiah has been reduced from 100 per cent to a maximum of 50 per cent.