Fixed Income

• Obligasi Ritel Negara (ORI)
  Obligasi Ritel Negara (ORI) is a Government Bond (Surat Utang Negara) denominated in Rupiah and offered to Indonesian retail investors in the primary market

• Sukuk Negara Ritel (SR)
  Sukuk Negara Ritel (SR) is a Government Sharia Security (SBSN) denominated in Rupiah and offered to Indonesian retail investors in the primary market

• Fixed Rate (FR)
  Fixed Rate (FR) is a Rupiah-denominated Government Bond (Surat Utang Negara) issued by the Indonesian Government that offers fixed-rate coupons until its maturity date

• Project Based Sukuk (PBS)
  Rupiah denominated Government Sharia Security (SBSN), issued by the Indonesian Government with fixed-rate returns until its maturity date

• Obligasi Negara Valas (INDON)
  Obligasi Negara Valas (INDON) is a foreign currency-denominated Indonesian Government Bond that offers fixed-rate coupon until maturity

• Obligasi Negara Valas Syariah (INDOIS)
  Obligasi Negara Valas Syariah (INDOIS) is a Government Sharia Security (SBSN) denominated in a foreign currency by the Indonesian Government with fixed-rate coupon until maturity

Notes:

• Transactions for Project Based Sukuk (PBS) and Saving Bond Ritel (SBR) cannot be conducted at BCA branch offices
• Free transfer of INDON, INDOIS, ORI, SR, FR, and PBS bonds

• Default Risk
  Default risk is where investors fail to receive full and promised payments from the issuer when the investment matures. The law states that Government guarantees the payment of the coupons/returns and principal until maturity of all Government Bonds, utilizing funds by the State Budget (APBN) each year.

• Market Risk
  Market risk is the potential for capital losses that investors might incur due to factors that influence financial market, including interest rate changes, shifting in economic fundamentals, and political instability. This risk may occur if investors sell SBN in the Secondary Market before maturity at a lower price than the purchase price.

• Liquidity Risk
  Liquidity risk is where investors are unable to liquidate their investment product at a fair price. This risk may occur if investor of a Government Security (SBN) need immediate funds but cannot be sold instantly at a fair value