Indonesia: CPSS-IOSCO Recommendations for Securities Settlement Systems: The Equity and Corporate Bonds Securities Settlement Systems
July 18, 2012
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This paper discusses findings of the joint IMF–World Bank Indonesia Financial Sector Assessment Program (FSAP) undertaken during 2009– 10. The assessment was conducted on processes and functions, as opposed to institutions and with the cooperation of the Bapepam-LK, the Bank Indonesia. It was found that the legal framework governing the clearing and settlement operations of the equity and corporate bond market supports some, but not all, of the key elements of the clearing and settlement process.
Subject: Banking, Corporate bonds, Currencies, Financial institutions, Financial markets, Money, Securities, Securities settlement systems, Stock markets
Keywords: Asia and Pacific, cash settlement, Corporate bonds, CR, Currencies, custodian bank, ISCR, KPEI account, KSEI cash account, KSEI member, KSEI rule, KSEI settlement system, KSEI system, market participant, payment bank, Securities, Securities settlement systems, settlement bank risk, settlement system, Stock markets
Pages:
34
Volume:
2012
DOI:
Issue:
186
Series:
Country Report No. 2012/186
Stock No:
1IDNEA2012001
ISBN:
9781475504927
ISSN:
1934-7685
