SMF Collaborates with BRI Danareksa to Provide Retail EBA Products in the BRIGHTS App

Jakarta 25 April 2024  –  PT Sarana Multigriya Finansial (Persero) or SMF collaborates with BRI Danareksa Sekuritas (BRIDS) by providing transaction services for Asset-Backed Securities products in the form of Retail Participation Letters (EBA-SP) through BRIDS' BRIGHTS online trading application.

This collaboration was inaugurated by SMF and BRIDS at the Main Hall of the Indonesia Stock Exchange (BEI). The launch ceremony was carried out by the Main Director of SMF, Ananta Wiyogo, and the Main Director of BRIDS, Laksono Widodo, and was also attended by the Director of Transaction Supervision and Compliance of BEI, Kristian Manullang, Director of Development of BEI Jeffrey Hendrik, Director of Infrastructure Development & Information Management PT Kustodian Sentral Efek Indonesia ( KSEI) Dharma Setyadi, Director of PT Kliring Penjaminan Efek Indonesia (ID Clear) Antonius Herman Azwar, President Director of IDXSTI Syafruddin and Director of Retail & IT BRIDS Fifi Virgantria.

On this occasion, Ananta said that the EBA-SP Retail Market Development Program was implemented with the aim of increasing the number of EBA-SP investors with the target of individual investors, taking advantage of the existing EBA-SP position. In this case, SMF will act as a market maker to make the EBA-SP secondary market more liquid.

"Previously, EBA-SP was mostly owned by institutional investors such as Pension Funds (Dapen), Insurance, and others. This first collaboration is our effort to expand and develop our investor base, namely potential investors such as the millennial generation and other people who want to invest. "EBA-SP Retail will be a diversification for people in investing in the capital market," said Ananta.

Ananta further explained that to implement this, SMF is collaborating with BRIDS, which has an online trading portal and application that serves investments and transactions in shares, mutual funds and other securities.

“We are working with BRIDS, because we believe BRIDS is a securities company that has a fairly extensive marketing network. "We hope that Retail EBA-SP will be of interest to individual investors, so that in the future we can make Retail EBA-SP an attractive and safe alternative investment choice," said Ananta.

Ananta hopes that this collaboration will increase the reach of investors who want to seek diversification of capital market investment instruments so that investors have more choices to invest with competitive returns, not only investing in existing securities, such as shares, bonds or mutual funds.

BRIDS President Director Laksono Widodo on the same occasion also revealed that this collaboration with SMF is in line with the Company's mission to continue to provide added value for retail investors to achieve the best results in their investment activities, as well as an effort to provide easy access and capital market services for the public. to support the development of the Indonesian capital market.

"With the presence of the Retail EBA product by SMF in our BRIGHTS online trading application, of course it will further enrich the choice of investment products that our customers can invest in, apart from the currently available instruments such as shares, bonds and mutual funds, from just one application. just," concluded Laksono.

EBA-SP Retail is a safe fixed income investment product with an idAAA rating from PEFINDO and has high investment instrument liquidity. So customers can make purchase and sale transactions at any time without having to wait until maturity.

The SMF Retail EBA SP products that will be marketed by BRI Danareksa Sekuritas are EBA SP BTN06A which was issued in 2020 (6.5% coupon / year), EBA SP BTN08A which was issued in 2023 (6.65% coupon / year), and EBAS SP BRIS01A issued in 2023 (7% coupon / year) with idAAA rating from PT Pemeringkat Efek Indonesia (Pefindo)  with a denomination of only IDR 100,000.-.

The ceremonial event for the Launch of EBA Retail on the BRIGHTS Application ended with the Investalk Vol. 6.  This activity is an outreach program carried out regularly by SMF both online and offline in collaboration with various Key Opinion Leaders (KOL) and other public accounts in order to increase public awareness of Retail EBA products. Themed Financial Planning 101: Strategies To Be Mindful Spender and Investor, attended by Theo Derick as resource person, a Realistic Financial Planner and Entrepreneur.