Socialization funds transaction settlement utilize of central bank (Bank of Indonesia) system

sosialisasi CeBM Tahap2

The Indonesian Central Securities Depository (KSEI) on February 25th, 2016 held a socialization event for Securities Companies with regards to its plan to require the utilization of central bank (Bank of Indonesia/BI) system in the funds transaction settlement, a requirement which will be enacted in the near future. The socialization took place in the Main Hall, Gallery of Indonesia Stock Exchange. The utilization of central bank as a capital market funds transaction settlement facility provides KSEI’s Account Holders an easier and faster funds settlement, as it directly uses the more centralized Bank of Indonesia’s system.