Settlement of Securities Transactions
Definition
The scripless securities trading process and book-entry settlement enable KSEI to carry out transaction settlement both on-exchange and off-exchange through the C-BEST system.
Stock Exchange Trading
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Regular Market
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Cash Market which has a D+0 (Date + 0 days) settlement date.
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Negotiated Market which settlement dates are based on agreements between the Sellers and Buyers
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Securities transactions conducted on the Exchange are considered ‘locked-in,’ meaning that such transactions must be settled on T+2/T+0 (depending on the market type). At the end of each day, trading data from the Exchange are submitted to KPEI for the netting process. Trading in the Regular Market and Cash Market is subject to a guarantee mechanism by KPEI, while trading in the Negotiated Market is settled on a per-transaction basis and is not guaranteed by KPEI.
On the settlement date, KSEI will carry out the settlement process for Regular Market and Cash Market trades that have undergone netting at KPEI, as well as Negotiated Market trades settled on a per-transaction basis.
Meanwhile, the fund settlement for exchange transactions will be processed through the appointed Payment Banks or via the Bank Indonesia settlement mechanism, referred to as Central Bank Money (CeBM).