Indonesia: CPSS-IOSCO Recommendations for Securities Settlement Systems: The Equity and Corporate Bonds Securities Settlement Systems
IMF Staff Country Reports, July 18, 2012
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- Indonesia: CPSS-IOSCO Recommendations for Securities Settlement Systems: The Equity and Corporate Bonds Securities Settlement Systems
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Bibliographic details
- Published: July 18, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475504927.002
Overview
- Paper discusses findings of the joint IMF–World Bank Indonesia Financial Sector Assessment Program (FSAP) undertaken during 2009– 10.
- Assessment was conducted on processes and functions, as opposed to institutions, and was carried out with the cooperation of the Bapepam-LK and the Bank Indonesia.
- Main conclusion reported: 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.
Key findings
- The legal framework supports some, but not all, key elements of the clearing and settlement process for equity and corporate bond markets.
- Assessment focus and approach:
- Undertaken during 2009– 10.
- Conducted on processes and functions rather than on institutions.
- Cooperative engagement with Bapepam-LK and the Bank Indonesia.
Subjects and topical scope
- Subjects listed: Banking, Corporate bonds, Currencies, Financial institutions, Financial markets, Money, Securities, Securities settlement systems, Stock markets.
- Keywords provided: 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.