The purpose of the regulation is to add more sources of short-term financing in the financial market, increase the effectiveness of BI’s transmission of monetary policies and aid financial market deepening. As the regulation stipulates, eligible non-bank corporations who wish to issue commercial papers must have an unqualified opinion in their audit and must not have defaulted in the past three years. The minimum purchase for commercial papers was set at Rp500m (US$36,356), if the papers are rupiah denominated, or US$50,000 if the papers are forex-denominated, as stated in Central Bank Regulation (PBI) 19/9/PBI/2017. The commercial papers must have a minimum price of Rp10bn in rupiah-denomination or an equivalent of US$1m in forex-denomination