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INDONESIA - Capital Market Infrastructure Summary

Central Securities Depositories
The Indonesian Central Securities Depository (KSEI)
Bank of Indonesia

BIS Model
Model 1

Settlement Cycle
T+3 for Equities
T+2 for Income securities

Comment
Kliring Penjaminan Efek Indonesia (KPEI), or Indonesian Clearing and Guarantee Corporation, is the clearing house for all securities traded on the Indonesia Stock Exchange (IDX). Kustodian Sentral Efek Indonesia (KSEI), or Indonesian Central Securities Depository, provides central registration of securities and operates a book entry settlement system. The KSEI settlement system has the mechanism for delivery versus payment (DVP) but the legal framework requires enhancement for this to have full effect. For government bonds and central bank instruments, the central bank, Bank Indonesia acts as central securities depository and operates Bank Indonesia Scripless Securities Settlement System (BI-SSSS), which conforms to BIS Model 1. Settlement of these instruments is on a DVP basis in the Bank Indonesia Real Time Gross Settlement (BI-RTGS).


Key terms defined in our glossary:

Central Securities Depository
BIS Model 1
Settlement Cycle

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.