SMF

PT. Sarana Multigriya Finansial (Persero) (“SMF”) was established on July 22, 2005, as a limited liability company – wholly owned by the Government of the Republic of Indonesia. SMF’s mission is to enhance the affordability of Indonesian families to own a decent home. The establishment of SMF as a Secondary Mortgage Institution governed by Presidential Regulation No. 19/2005, dated February 7, 2005, for the purpose of serving as a special institution to mobilize long-term funds through the Capital Market, in order to support the national goal of homeownership, and become a spearhead for the development of mortgage-related securities. On January 26, 2008, Presidential Regulation No.1/2008 of the alteration of Presidential Regulation No. 19/2005 on Secondary Mortgage Institutions was issued, especially stimulating and regard with the ability of a company to distribute liquidity or loan facility until 2018. Then, The Government issued Presidential Regulation No.101/2016 With the Initial Paid-up Capital of IDR 1 trillion and additional Paid-up capital of IDR 1 trillion at the end of 2011, 2014, 2015 and 2016, so total Paid-up Capital of IDR 5 trillion from the Authorized Capital of IDR 8 trillion, SMF has been in operation for ten years since commencement of business in June 2005. SMF has successfully introduced mortgage securitization (Asset-Backed Securities (ABS)) at the security exchange started in 2009. After POJK No.23/POJK.04/2014 was issued by Financial Service Authority on November 19th, 2014, The Company was assigned as Issuer of ABS - Participation Certificate, beside as Arranger, Credit Enhancer and Investor.