The Indonesia Bond Pricing Agency (IBPA) was established in July 2008 to improve transparency and ensure a fair trading environment in the bond market. With the creation of a bond pricing agency, all market participants are given equal access to price information to aid investment decisions. The IBPA is responsible for establishing daily reference prices for government and corporate bonds, including conventional and Islamic debt issues.

In addition to free price-related information, the IBPA provides bond market research for a fee to institutional and retail investors.