Funding
Refinancing of mortgage loans that have been disbursed by financial institutions, including both commercial financing and subsidized financing (FLPP). - Indonesia
| 1 | Funding /risk transfer / both |
SMF sources of Funding: Bonds, Sukuk, Medium Term Notes, and Bank Facility |
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| 2 | Eligible assets |
The disbursement of housing-related financing based on SMF’s criteria |
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| 3 | Brief description of structure for each |
Commercial housing financing financed by SMF is market-based, non-subsidized, and targeted at the public, with terms and interest rates determined by market conditions. In contrast, FLPP housing financing that financed by SMF is part of a government program aimed at low-income households, offering fixed subsidized interest rates and operating under specific regulatory requirements set by the government. |
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| 4 | Fees / pricing structure |
Pricing is generally based on cost of funds plus margin (including risk premium), and can be subject to specific program rules where applicable (for example government-linked schemes). |
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| 5 | Servicing |
The banks act as servicers for our products, responsible for collecting principal and interest payments from end users, wheres SMF maintains contractual and operational interactions solely with the banks. |
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| 6 | Risk sharing (if appropriate) |
The underlying is secured by fiduciary collateral, recourse and prepayment |
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| 7 | Other Comments | None |
| Any further comments/information? |