This assessment forms part of the jointInternational Monetary Fund (IMF) and World Bank IndonesiaFinancial Sector Assessment Program (FSAP) which is beingundertaken during 2009-2010. The assessment which covers theBank Indonesia's real time gross settlement (BI-RTGS)system's observance of the Committee on Payment andSettlement Systems (CPSS) Core Principles for SystemicallyImportant Payment Systems (SIPS) and the Central Bank'sResponsibilities in applying the Core Principles wasconducted during the first mission. The assessment which wasconducted with the cooperation of the Bank Indonesia andother key players in the payment systems area was undertakenby Alice Zanza, Senior Payment Systems Specialist, WorldBank with the assistance of Bruce Summers, Senior PaymentSystems Advisor, World Bank. Although there are severalsystems in operation in Indonesia, BI considers the BankIndonesia Real Time Gross Settlement (BI-RTGS) system to bethe only systemically important payment system in thecountry. BI-RTGS is owned by BI and operated by the PaymentSystems Department in the Directorate of Accounting andPayment Systems. To date, the assessment team does not haveany information to expand the scope of systemicallyimportant payment systems in Indonesia and has conducted theassessment of the RTGS system, as the sole SIPS in the country.