Republic of Indonesia Financial Sector Assessment Program : CPSS-IOSCO Recommendations for Securities Settlement Systems--The Equity and Corporate Bonds Securities Settlement Systems
This assessment forms part of the joint International Monetary Fund (IMF) World Bank Indonesia Financial Sector Assessment Program (FSAP) which is being undertaken during 2009-2010. The assessment, which covers the private sector equity and corpora...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/143021468038714827/Indonesia-CPSS-IOSCO-recommendations-for-securities-settlement-systems-the-equity-and-corporate-bonds-securities-settlement-systems-detailed-assessment-of-compliance http://hdl.handle.net/10986/27739 |
| Summary: | This assessment forms part of the joint
International Monetary Fund (IMF) World Bank Indonesia
Financial Sector Assessment Program (FSAP) which is being
undertaken during 2009-2010. The assessment, which covers
the private sector equity and corporate bonds securities
system's observance of the Committee on Payment and
Settlement Systems / International Organization of
Securities Commissions (CPSS/IOSCO) recommendations for
securities settlement systems, was conducted during an ad
hoc mission. The assessment focuses on two types of trades.
First the clearing and settlement process is assessed as
regards equity transactions traded on the stock exchange
Indonesian Stock Exchange (IDX), cleared through the
Clearing and Guarantee Corporation (KPEI) clearing system
(e-CLEARS) and settled through the Central Securities
Depository for the Stock Exchange securities (KSEI)
settlement system (C-BEST). In addition, the assessment
focuses on corporate bond transactions, which are traded
outside the exchange and settled through the KSEI settlement
system (C-BEST). |
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