PT Sarana Multigriya Finansial (Persero) or abbreviated as PT SMF is a special institution established by the Government of the Republic of Indonesia. PT SMF was established on July 22, 2005, based on Government Regulation of the Republic of Indonesia No. 5/2007, dated February 7, 2005, concerning State Equity Participation of the Republic of Indonesia and Presidential Regulation of the Republic of Indonesia No. 19/2005, dated February 7, 2005, concerning Secondary Financing for Housing.
PT SMF was established to facilitates medium or long term flow of fund from capital market to housing sector through mortgage lender, that eventually creates the possibility of housing ownership affordable by society.
There are two activities of PT SMF, which are main activities and supporting activities.
Main activities consists of:
SMF’s supporting activities are:
For mortge lender, this activities can give benefits such as:
This activities also give benefits to investor, such as:
The relationship between PT SMF and mortgage lender is as partner in housing finance. PT SMF facilitating fund flow to mortgage lender through refinancing and securitization.
No. PT SMF gives fund to mortgage lender, then channeled to mortgage customer.