Bank of Indonesia, Bank Negara Malaysia and the Bank of Thailand appoint additional banks as cross-currency dealers under the Local Currency Transaction Framework

Bank Negara Malaysia, Bank of Indonesia and the Bank of Thailand issued a joint release appointing additional qualified commercial banks as Appointed Cross-Currency Dealers to operationalise the Local Currency Transaction Framework (LCTF), supporting local-currency settlement of cross-border trade and investment among Malaysia, Indonesia and Thailand. The expanded ACCD network is intended to strengthen customer outreach, improve access to local-currency liquidity and broaden options for cross-border transactions, and follows enhancements to the LCTF announced on 17 February 2025. Under the MYR-IDR LCTF, newly appointed Malaysian banks are AmBank (M) Berhad, Bank of China (Malaysia) Berhad, OCBC Bank Malaysia Berhad, Standard Chartered Bank Malaysia Berhad and Sumitomo Mitsui Banking Corporation Malaysia Berhad, while newly appointed Indonesian banks are PT Bank Danamon Indonesia Tbk, PT Bank OCBC NISP Tbk, PT Bank Pembangunan Daerah Jawa Timur Tbk and Bank of China (Hong Kong) Limited Jakarta Branch. Under the MYR-THB LCTF, newly appointed Malaysian banks are AmBank (M) Berhad, Bank of China (Malaysia) Berhad, Hong Leong Bank Berhad, OCBC Bank Malaysia Berhad and Sumitomo Mitsui Banking Corporation Malaysia Berhad, and the newly appointed Thai bank is Bank of China (Thai) Public Company Limited. Under the IDR-THB LCTF, newly appointed Indonesian banks are PT Bank OCBC NISP Tbk and Bank of China (Hong Kong) Limited Jakarta Branch, and the newly appointed Thai bank is Bank of China (Thai) Public Company Limited.