REPUBLIKA.CO.ID, JAKARTA -- The Ministry of Finance (MoF) is seeking state sukuk retail selling agents in the domestic market for fiscal year 2014 through a public auction with post-qualification.
From public description of the Directorate General of Debt Management, Ministry of Finance through its official website at Jakarta, Friday (29/11), it's mentioned that a service fee for selected agent would be 0.45 percent of the nominal value of the sales by their respective selling agents, including tax (VAT) 10 percent.
The auction is open to commercial banks and securities companies that have obtained a business license from the competent authority.
Commercial banks and securities companies must meet at least the requirements and criteria; it should have team members which have knowledge and experience in sales activities of Islamic financial products. The companies also should have a commitment to development of the government sharia securities market (SBSN).
In addition, the companies should have business plan, strategy and methodology of retail sales, and have sufficient information systems and technology to support the issuance and sale of retail sukuk. For effects company, it should has a business license as a securities underwriter.
The place for registration is in the Directorate of Islamic Finance in Directorate General of Debt Management Building 5th floor Frans Seda building in Jalan Wahidin Raya No. 1 Jakarta.
The schedule for selection are; Selection announcement (28 November 2013 ), registration and Retrieval of procurement documents (28 November to 6 December 2013), delivery of explanation (December 3, 2013), inclusion of bidding documents (4-9 December 2013 ), the opening of the bid documents (December 9, 2013), evaluation of bidding documents (9 to 11 December 2013).
Furthermore, the selection of participants for technical clarification stage (beauty contest) would be held on December 13, 2013, the implementation of a beauty contest (18 to 19 December 2013), the announcement of potential realtors (December 20, 2013), objection period (December 23, 2013 until January 1, 2014), and determination the successful agents would be January 3, 2014.
Ed: Nidia Zuraya
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