The Bank of Thailand, Bank Indonesia and Bank Negara Malaysia announced the appointment of additional qualified commercial banks as Appointed Cross-Currency Dealers (ACCDs) to operationalise the Local Currency Transaction Framework (LCTF) for cross-border settlement of trade and investment between Malaysia, Indonesia and Thailand. New ACCDs were designated for the MYR-IDR LCTF (Malaysia: AmBank (M) Berhad, Bank of China (Malaysia) Berhad, OCBC Bank Malaysia Berhad, Standard Chartered Bank Malaysia Berhad, Sumitomo Mitsui Banking Corporation Malaysia Berhad; Indonesia: PT Bank Danamon Indonesia Tbk, PT Bank OCBC NISP Tbk, PT Bank Pembangunan Daerah Jawa Timur Tbk, Bank of China (Hong Kong) Limited Jakarta Branch), the MYR-THB LCTF (Malaysia: AmBank (M) Berhad, Bank of China (Malaysia) Berhad, Hong Leong Bank Berhad, OCBC Bank Malaysia Berhad, Sumitomo Mitsui Banking Corporation Malaysia Berhad; Thailand: Bank of China (Thai) Public Company Limited) and the IDR-THB LCTF (Indonesia: PT Bank OCBC NISP Tbk, Bank of China (Hong Kong) Limited Jakarta Branch; Thailand: Bank of China (Thai) Public Company Limited). The expanded ACCD network follows enhancements to the LCTF announced on 17 February 2025 and is intended to widen customer outreach, improve access to local-currency liquidity and broaden options for cross-border transactions across the three markets.
Bank of Thailand 2025-08-05
Bank of Thailand, Bank Indonesia and Bank Negara Malaysia appoint additional banks as Appointed Cross-Currency Dealers under the Local Currency Transaction Framework
The Bank of Thailand, Bank Indonesia, and Bank Negara Malaysia have appointed more commercial banks as Appointed Cross-Currency Dealers (ACCDs) to enhance the Local Currency Transaction Framework (LCTF) for cross-border trade and investment settlements between Malaysia, Indonesia, and Thailand. The expanded ACCD network aims to increase customer outreach, improve local-currency liquidity access, and broaden cross-border transaction options across the three markets.