PT Kustodian Sentral Efek Indonesia - Newsletter KSEI
KSEI Newsletter
Vol.
Vol.
01
2014
Cultural Diversity
& Nature of Bali
Despite Bali is only a small island among thousands in Indonesia’s
Archipelago, it has a strong magnet to attract the
attention of the world.
the inside >>
KSEI & PermataBank Cooperation
3 Capital Market and Banking Collaboration
5
Population Data for Investor
Database Reference
7
C-BEST Next-G Development:
Improve Settlement of Securities Transaction
8
10
EVENT
STATISTIC
Notes from Director
Heri Sunaryadi,
KSEI President Director
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Thanks God Almighty that the irst edition of KSEI Newsletter is published. KSEI Newsletter publication complements Forum Kustodian Sentral (FOKUSS) or Central Custodian
Forum Bulletin that has been published regularly since 1999. Still, to differ from the former
publication, KSEI Newsletter is available in English as a part of KSEI efforts to engage wider
audience, especially for international readers.
KSEI Newsletter is expected to provide foreign readers or inance institutions abroad
with information about PT Kustodian Sentral Efek Indonesia (KSEI), as Indonesia Central
Securities Depository, and about Indonesia capital market in general.
KSEI realizes that information exchange with other capital market institutions overseas is
critical to support Indonesia’s capital market development. In addition, KSEI pleased to share
with the audience about latest developments in Indonesia
capital market. Hopefully, such endeavor would beneit all
“KSEI Newsletter
stakeholders and also foster KSEI participation in internais expected to
tional level. That is in line with KSEI’s efforts to improve its
provide foreign
credibility and to become an internationally-competitive
readers or inance
institutions
institution.
abroad with KSEI
The Newsletter irst edition presents AKSes Facility Coinformation.”
Branding, the latest innovation that will add convenience for
investing in capital market. The facility is a part of initial synergy between Indonesia capital market and banking sector,
which is an initial step taken by the country’s capital market
regulator. Admittedly, bank services have become people’s basic need in modern times.
Banking have established a mature industry with an infrastructure network that reaches remote areas of the country, that opens a possibility of cooperation that would beneit capital
market investors.
KSEI is planning to establish a facility that connects to banking services, ranging from
ATM that is widely available now, to internet and mobile banking. Thus, investors would
be able to conduct both banking and capital market transactions through those banking
services.
This irst edition also tells a short story about one of the world main tourist destinations,
Bali, The Island of Gods.
Happy Reading!
Editor
Publisher: PT Kustodian Sentral Efek Indonesia (KSEI) • Advisor: KSEI Directors • Editor: Corporate Communication Unit
• Distribution: Corporate Communication Unit
Website KSEI
www.ksei.co.id
email
[email protected]
KSEI Newsletter l Vol 01, 2014
Toll Free
0800 -1- 865734
Call Center KSEI
021 - 515 2855
Editor’s Address:
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Jl. Jend. Sudirman Kav. 52 - 53
Jakarta 12190
Phone: (021) 5299 1099
Fax: (021) 5299 1199
Barong
Barong dance is a traditional Balinese dance performed by up to two dancers who wear
the mythical creature’s costume and mask. The Balinese believes that performing the
Barong, which resembles the shape of faerie ruler of Bali southern ocean Ratu Gede
Mecaling, can repel evil spirits. There are several types of Barong dances and Barong
Ket is the most popular among tourists.
KSEI & PERMATABANK COOPERATION
Capital Market and Banking
Collaboration
KSEI cooperation with
PermataBank marks a
new stage in utilizing
bank services to facilitate
transaction activities
in Indonesia capital
market. Investor now can
monitor their Securities
account balance and
movement through ATMs.
he banking industry has
inevitably become an integral
of Indonesia society. Its service
now ranges from saving money to
daily transaction facilities such as for
bill payment. All becomes easier with
support of banking infrastructure; we
almost no longer need to hold cash
money.
Historically, the concept of banking has been known since the Dutch
colonial government in the 1800s.
The concept of capital market also
existed in the same era, but the banking industry developed more steadily,
making the industry better known by
the Indonesian people.
Considering the fact that banking
services are well known among Indonesians, Indonesia Central Securities
Depository/PT Kustodian Sentral Efek
Indonesia (KSEI) takes the initiative to
develop AKSes (Securities Ownership
Reference) Facility Co-Branding that is
integrated with bank ATMs. Wide banks’
network across the country expected
to provide more access to investors
to monitor their securities portfolios
T
AKSes Facility Co-Branding via PermataBank Launching
through the ATMs. Moreover, most of the people
use ATMs regularly such as for withdrawing cash or
performing other non-cash transactions.
In order to develop the facility, in early 2014,
KSEI signed an agreement with PT Bank Permata
Tbk (PermataBank) to develop AKSes Facility CoBranding. This signing oficially started an alliance
between KSEI and PermataBank to develop project
for integrating AKSes Facility with PermataATM.
KSEI President Director Heri Sunaryadi said that
the Co-Branding cooperation was KSEI initial step to enhance capital market infrastructure with national banking network through Investor’s AKSes/SID. In addition to
ATM, this program will also be extended to other banking facilities such as internet
banking and mobile banking. Heri said that he hopes that all the banks, which have
been or will cooperate with KSEI as Investor Fund Account (RDN) administrator bank,
would follow the cooperation in order to open up new opportunities for capital market development and to allow investor to enjoy easier investment activity in capital
market.
“Access through banking network will trigger and facilitate the development of
investment-related service in the capital market. One door policy where banks can
“Access through
banking network
will trigger and
facilitate the
development of
capital market.”
Vol 01, 2014 l KSEI Newsletter
perform KYC (Know Your Client) for securities account opening
in Securities Company can be developed more eficiently in
order to deepen the market. It can also increase eficiency in
instruction delivery, which would not be limited to a withdrawal instruction but also for the selection and purchase of investment products such as mutual funds, ORI and retail Sukuk,
or securities booking in the primary market. All of them can be
developed through the banking network,” said Heri.
Financial Services Authority (Otoritas Jasa Keuangan/OJK)
Chief Executive of Capital Market Commission Nurhaida, who
also witnessed the agreement signing ceremony, welcomed
the initiative to expand AKSes Facility through the bank’s ATM
network. In her speech, Nurhaida said that the capital market
industry has to embrace the fact that public’s understanding of
banking today is much broader than the capital markets. It is
common for Indonesians to become customers of a bank, which
is supported by vast banks’ network that reached even the
remote areas in Indonesia.
“Under the same supervision which is OJK’s, capital market
can begin to work together with bank. Access information via
ATM is an excellent start. As a part of
society daily life, ATM is very familiar
to use, so it is expected that the ATMs
was needed only once to check that investor
“Capital market will
can also facilitate investors in their
has the RDN account with PermataBank. If the
expand and develop
activities related to investing in capital
registration process is successful, the investor
more collaboration with
market,” she said.
can access their securities information and
banks in line with efforts
Nurhaida hopes that the capital
fund balance data recorded in KSEI through
to centralize investors’
market will expand and develop more
the ATM menu.
data.”
Another additional feature that can becollaboration with banks in line with
efforts to centralize investors’ data and
neit investors is the withdrawal instruction to
SID in KSEI, including process for the
Securities Company. This feature allows invesMutual Fund investors, and plans to consolidate KSEI’s capital
tors to submit a withdrawal instruction to the Securities Commarket investors database with society database in the Ministry
pany through AKSes Facility in PermataATM, as an alternative to
of Domestic Affairs.
instruction deliveries by fax or online trading applications.
Starting in June 2014 or about ive months since the
Heri hopes that completion of AKSes Co-Branding with PermataATM would encourage other RDN administrator banks to
MoU signing, investors now can utilize AKSes Facility through
PermataATM. The oficial launch of the facility was held on
develop similar cooperation with KSEI. Heri said that currently
Tuesday, 15 July 2014 in the Main Hall, Gallery of the Indonesia
a preliminary discussion about AKSes Co-Branding with a RDN
Stock Exchange.
administrator bank has completed and moving forward to negoThe AKSes Facility Co-Branding via PermataATM was
tiation stage. “Hopefully in the near future, there will be another
oficially launched by KSEI President Director Heri Sunaryadi
RDN administrator bank, which develops AKSes Co-Branding
and PermataBank interim President Director Roy Arfandy with
with ATM facilities. Therefore, network to access AKSes facilities
symbolic presentation of PermataATM which is integrated with
will be extensive, providing more convenience to investors.”
AKSes Facility to investors representatives.
The latest cooperation between KSEI and PermataBank
The terms for investors to be able to use the facilities
adds an alternative for investor to access AKSes Facility. KSEI
through ATM are simple. First, investor is required to have a
expects investors to well utilize the facility by accessing and
savings account at PermataBank in order to obtain an ATM card,
monitoring their account regularly. The investors’ active role
and has RDN account in PermataBank which is opened by the
in monitoring their portfolio and fund through AKSes facility
Securities Company. As easy as that, investor can keep using the
forms the real basis for the creation of investor protection in
same ATM card and PIN number. Next, investors must register
capital market. n
with a simple process via PermataATM. The registration process
[Editor]
KSEI Newsletter l Vol 01, 2014
Bali Beaches
Bali is synonymous with beaches. The island has a total 5,000 hectares of coastal areas,
which stretching up to 529 km. There are at least 7 famous beaches in Bali, namely Kuta,
New Kuta (Dreamland), Padang Bai, Sanur, Legian, Nusa Dua and Seminyak. In addition to
swimming or sunbathing, beach in Bali is also a paradise for surfers.
Population Data for Investor
Database Reference
KSEI will cooperate with the General Directorate of
Population and Civil Registration, Ministry of Domestic
Affairs, to update investors’ data. In its inal stage, individual
data stored in national electronic ID card will be the single
point of reference for investors’ database in KSEI.
ingle Investor Identiication (SID) has
been implemented since the beginning of
“In near future, SID
database can provide
February 2012, or for more than two years
Indonesian capital
now, on the initiative from Indonesian Indonemarket participants
sia Central Securities Depository/PT Kustodian
with complete
Sentral Efek Indonesia (KSEI) along with a Self
investors’ proile.”
Regulatory Organization (SRO), and with the support of the Financial Services Authority (Otoritas
Jasa Keuangan/OJK).
SID was developed in line with the development of AKSes (Securities Ownership
Reference) Facility and Straight Through Processing (STP) transaction and settlement
process, and the application of Investor Funds Account (RDN), all of which are expected
to create a conducive investment climate in Indonesia capital market.
As a single identity, each investor only needs to have a SID number despite having Sub Account in more than one KSEI Account Holder. Data of the investor who has
several Sub Account will be consolidated into the SID number based on the number of
identity, status of the investor (such as individuals, or pension funds, etc.), date of birth
or incorporation, and domicile of origin investors (local or foreign).
S
SID consists of 15-digit numbers
and letters combination (alpha numeric)
that contains information about type of
investor (individual, company, or institution) and domicile of origin (foreign, or
local). SID also contains 6-digit number
of trading ID, which is a prerequisite for
investors to be able to conduct transactions in Indonesia Stock Exchange.
KSEI data shows approximately
340,000 SID numbers at the end of June
2014, compared to just 280,000 SID
numbers when the requirement was irst
implemented in early 2012. The data
also shows that the number of capital
market investors continues to increase
every year, which can have a positive impact for Indonesia capital market industry and the country’s economic growth.
SID so far can provide an overview
regarding the demographic of investor
registered in KSEI. Further SID application that allows us to see more investors’
characteristics is currently under development. So, in near future SID database
can provide Indonesian capital market
participants with investors’ proile that
is not only limited to age, gender, and
type of work. The initiative to establish
a complete and accurate database of
investors should be supported by efforts
to investors’ data.
Update of capital market investors’
data is mandatory for KSEI Account
Holder, in accordance with a provision
in OJK Regulation No.V.D.10 regarding
Know Your Client (KYC) principle. This
principle is expected to be carried out by
Indonesia capital market participants as
an effort to protect investors.
KSEI has implemented Static Data
Investors (SDI) module on its primary
system C-BEST since 27 December 2013.
Vol 01, 2014 l KSEI Newsletter
AKSes Card Attribute
The module is basically a database of
capital market investors that allows
“KSEI plans to cooperate
KSEI Account Holders – which are
with Ministry of Domestic
Securities Companies and Custodian
Affairs, in term of
Banks – to update customers’ data
utilizing the Republic
independently as the data changes.
of Indonesia population
Being always current and valid, the
database.”
database can provide reliable demographic information. Implementation of
SDI module is also the starting point of
the formation of the Indonesia capital market investor database.
The data update process through SDI module is highly dependent on the quality of
customer databases at KSEI Account Holder. The databases are expected to be accurate,
completed and being constantly updated when change occurs.
The greatest obstacle is related to individual data updates. Generally investors as
customers of KSEI Account Holder do not convey any change in their data, barring KSEI
Account Holders from making any updates.
In order to enhance SID implementation and to support data updating on Indonesia capital market investors, who are identiied by SID number, KSEI plans to cooperate
with Directorate General of Population and Civil Registration at the Ministry of Domestic Affairs, in term of utilizing the Republic of Indonesia population database that is
based on national electronic ID card records.
The Ministry and OJK signed in February 2014 a Memorandum of Understanding
(MoU) on Cooperation of Utilizing Single Identity Number (NIK), Data Population and
Electronic Identity Cards in the Scope of Services of OJK. The MoU provides a legal basis for each agency under the supervision of OJK, which consists banks, capital market
institutions, and other non-bank inancial institutions, to cooperate with the Directorate
General of Population and Civil Registration in making use of the national population
database. Currently, there are 16 agencies under OJK supervision that have signed MoU
with the Ministry regarding population database utilization.
Considering the urgent need for updating investors’ database and to take advantage of legal agreement between OJK and the Ministry of Home Affairs, KSEI plans to
KSEI Newsletter l Vol 01, 2014
enter cooperation agreement with the
Directorate General of Population and
Civil Registration at the Ministry that
will allow the institution to harness the
national population database for investors data updating. Utilization of the
Indonesian population database will be
reserved speciically for individual investors who are Indonesian citizen.
For the data updating process, KSEI
will develop a system that integrate with
the Population Administration Information System (SIAK) at Directorate General
of Population and Civil Registration at
the Ministry of Domestic Affairs. Under
the 2013 Population Administration Law
Number 24, there are 27 data ields that
can be utilized by KSEI. Some investors
data such as NIK and address, will be
connected and always updated at KSEI
database, if there is a change in Directorate General of the Population and Civil
Registration’s database.
As a preliminary step, the national
population database will be used for
checking against all investors’ data in
SDI module. In the future, the population
database would serve as data validation
and veriication platform for Sub Account
opening process and SID number issuance.
In the future, there might be a
chance for KSEI Account Holder to be
able to utilize a card reader that can
read the chip embedded in national
electronic-ID card in individual Sub Account opening for Indonesia Citizen. This
system is expected to be implemented
on a regular basis by the end of 2014.
This partnership is expected to
provide a more complete and accurate
database on Indonesia capital market,
and to make tracking changes on investors data easier. In addition, accurate and
constantly updated investors data allows
KSEI to plan better program and product
development based on the available
information. n
[Editor]
Subak
Subak is a centuries-old water management system for rice ields in Bali. The rice ields
are arranged in terraces to conform to the mountainous landscape. Subak landscape is
designated as a World Heritage site on the World Heritage Committee session of the 36th
Organization of Education, Science, and Culture of the United Nations (UNESCO) in Saint
Petersburg, Russia, in 2012.
C-BEST Next-G Development:
Improve Settlement of Securities
Transaction
C-BEST Next-G allows 20,000 Securities transactions
settlement per minute in Indonesia capital market, from
previously just 3,000 transactions per minute.
C
urrently the settlement of trade transactions that occurred in the Indonesia
Stock Exchange (IDX) can be carried out relatively well. KSEI’s transaction
settlement system, namely the Central Depository and Book Entry Settlement
System (C-BEST), is still able to serve the number of transactions that occurs in IDX.
Still, KSEI has developed the C-BEST Next Generation (C-BEST Next-G) in anticipation
of an increase number of transactions in the long term and as an effort to improve its
services.
Total securities settlement through C-BEST reached 1.34 trillion units in 2013
with total frequency around 37.5 million. This was an increase from 2012, when the
system carried out 1.05 trillion units of transaction settlements and 29.9 million
transaction frequencies. The development
of C-BEST Next-G is targeted to handle
three times of current settlement capacity.
“Total securities
Development of C-BEST Next-G was
settlement through
started in 2012 with the submission of
C-BEST reached 1.3
development specifications to prospective
trillion units in 013 with
vendors, which were participating in
total frequency around
the system developer selection process.
37.5 million.”
Selection and evaluation of C-BEST
Next-G developer entered final stage
by the end of 2013 and came up with
selected vendor. System design and
development is being carried out this
year.
“The development of the C-BEST
Next-G is targeted for completion
in 2015. That is in line with the
development of a new trading
system that has been implemented
by IDX namely ‘Jakarta Automated
Trading System’ (JATS) Next-G,”
said KSEI President Director Heri
Sunaryadi. Heri said settlement
system needs to boost its capacity
to match increased transaction
number that can be handled by JATS
Next-G in order to ensure a seamless
working process.
Moreover, C-BEST Next-G is developed to meet the challenges of rapid
technological advances. The current
C-BEST is more than 10 years old and
has been used since the beginnings of
scripless trading in 2000. n
[Editor]
Vol 01, 2014 l KSEI Newsletter
EVENT
MoU Signing of AKSes Facility and
PermataATM Co-Branding
KSEI and PT Bank Permata Tbk, signed a
Memorandum of Understanding (MoU) for CoBranding of AKSes Facility via PermataATM on
28 February 2014. The signing initiated alliances
between KSEI and PermataBank in a developing project that integrate AKSes Facility with
the bank ATM facilities. KSEI President Director Heri Sunaryadi and Director of Wholesale
Banking PermataBank Roy Arfandy signed the
agreement in the Main Hall at Gallery of Indonesia Stock Exchange. The signing ceremony was
witnessed by the Chief Executive of the Capital
Market Supervisory Financial Services Authority
(OJK) Nurhaida, PermataBank Interim Director M.
Herwidayatmo, the Board of Directors of Indonesia Stock Exchange, the Board of Directors of
Indonesian Clearing and Guarantee Corporation,
KSEI Board of Directors and Commissioners and
representatives of associations in capital market.
Submission of ISO 7001: 005
Certiication
As part of its effort in implementing good
corporate governance, KSEI has conducted steps
to achieve ISO 27001:2005 on Information Security Management System (SMKI) since 2012. A
surveillance audit by PT SGS Indonesia in October
2013 concluded that KSEI overall operation meets
ISO 27001:2005 standard. PT SGS Indonesia delivered ISO 27001:2005 certiicate to KSEI in the
ceremony that coincided with the signing of the
MoU of cooperation AKSes Facilities Co-Branding via PermataATM. In the event, Shashibhushan
Jogani, Business Manager of PT SGS Indonesia,
handed the certiicate to KSEI President Director
Heri Sunaryadi. These policies serve as guidelines
for KSEI in protecting the conidentiality, integrity
and availability of investors’ data and information.
In other words, KSEI information management
systems meet international standards, which can
increase investor conidence in KSEI data deposit.
Sharing Session for Shareholders in
Japan
As part of Shareholders’ Capacity Building
activities in Tokyo, Japan on 2 to 6 April 2014, KSEI
along with representatives of KSEI shareholders,
SRO, KSEI Committee members and several other
invitees visited Japan Securities Depository Center,
Inc. (JASDEC) and the Tokyo Stock Exchange (TSC).
Participants attended a sharing session about the
activities at JASDEC and TSC, which conluded with
a visit to the Exchange Gallery in TSC.
KSEI Newsletter l Vol 01, 2014
Ngaben
Ngaben is a cremation performed by the Hindus. The ceremony performed to purify
the spirit of ancestors who have passed away heading into the inal resting place by
way of a funeral pyre. Etymologically, ngaben can mean either ash or provision for the
journey into spirit world.
EVENT
ANNA General Meeting
KSEI representatives attended the
Association of National Numbering Agencies (ANNA) Ordinary General Meeting in
Reykjavikl, Iceland on 22 - 23 May 2014.
The meeting was attended by ANNA members consisting of the Central Banks, the
Central Securities Depository institutions,
the regulators, and the stock exchanges
from several countries. ANNA is an association of institutions authorized to issue
ISIN (International Securities Identiication Number) and CFI (Classiication of
Financial Instruments) codes as the reference standard for international securities
trade. KSEI has been an ANNA member
since 1994. As the national numbering
agency for Indonesia, KSEI publishes
identity number for all securities, including
those issued by government and private
companies that are registered in Indonesia. At the end of the regular meeting,
Extraordinary General Meeting was agreed
to be held in Bali, Indonesia on 20 - 21
November 2014.
The 15th ASEAN+3 Bond Market
Forum (ABMF) Meeting
KSEI delegates attended the 15th
ASEAN+3 Bond Market Forum (ABMF)
Meeting in Mandaluyong City, Manila,
Philippines on 18 March, 2014. The meeting constituted of several sub forums that
discuss different topics. Sub-Forum 1 (SF1)
discusses the role of ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF),
which is an ABMF pilot project. The subforum discussed AMBIF implementation
guidlines and other issues related to the
project. Sub-Forum 2 (SF2) discussed the
harmonization and standardization of
cross border message delivery and the
ISIN numbering standardization that will
be implemented.
Another discussion addressed is Bond
Market in member countries. The next
meeting will discuss standardized message model and design, compiling the results of questionnaires about the message
and the ISIN numbering, as well as identify
issues or barriers regarding cross border
collateral and REPO. In this meeting, China
and South Korea will also share relevant
information on REPO activities that have
been running in their respective countries.
The 1th ACG Cross Training Seminar
Central Securities Depository of Iran (CSDI) is the host for the 16th ACG Cross
Training Seminar, which took place in Parsian Azadi Hotel at Tehran, Iran on 19 to
21 May 2014. Representatives of clearing and central depository institutions that
are members of the Asia Paciic Central Securities Depository Group (ACG Group)
present the latest development in the business. The overall activity was attended
by 70 participants from 14 countries, and invited delegates from Oman.
Development of capital market in Iran was also presented at the seminar.
Dr. Hossein Mohammadi, CEO Consultant CSDI, explained that the concept of
capital market has grown in Iran since the time of the Persian Empire in 6 B.C.
with the use of stone tablets as securities or debt notes. The Muslim majority
in Iranian society drives Sukuk as one of the popular investment products. The
number of products of the Sukuk Ijarah and Murabahah in Iranian capital market
over the past four years reached an average of $240 per year with as many as
12 types of Sukuk.
KSEI & ABKI Joint Comparative Study in Hong Kong
Indonesia Custody Bank Association (ABKI) and KSEI made visits to several
institutions in Hong Kong capital market on 22 - 23 May 2014. The comparative study began with a sharing session of Hong Kong Exchanges and Clearing
Limited (HKEx) and HSBC Hong Kong. HKEx carries out both stock trading and
settlement clearing functions. In addition, HKEx regulates issuer registration as
well as listings management. HKEx handles both scripless securities and those
in physical paper form. In conducting its operations, HKEx uses a system called
CCASS (Central Clearing and Settlement System). After meeting with HKEx, Alastair Murray, Sales Asset Managers, HSBC Securities Services Asia Paciic gave a
lecture on the latest developments of Hong Kong capital market. Based on the
data presented by Murray, the Hong Kong residents’ participation in investment
increased to 39% in 2013, compared to 37% a year earlier.
Vol 01, 2014 l KSEI Newsletter
STATISTIC
Number Of Securities Listed At C-BEST
As of June 2014
As of December 2013
358
41
35
0
119
6
Corporates Bonds
Government Bonds
Warrants
Rights Issue
Medium Term Notes
355
41
31
2
96
Assets Backed Securities
74
Private Equity Funds
32
Sukuk
12
Sovereign Sharia Securities
1
DIRE
10 Negotiable Certificate of Deposit
535
Shares
Total 1.223
6
72
36
12
1
0
523
1.175 Total
Stock Exchange Transaction Settlement
30 December 2013
30 June 2014
Frequency
Total (Unit)
Value (Rp)
Frequency
Total (Unit)
Value (Rp)
37,499,462
1,342,657,273,695
1,522,122,357,663,490
3,755,425
96,246,374,667
105,588,744,009,214
Composition of Share, Corporate Bonds & Sukuk Ownership
30 December 2013
Securities
Domestic/
Foreign
Value
(in trilion Rp)
Shares
D
F
868.80
1,475.47
Coorporate Bond
and Sukuk
D
F
206.24
14.03
10 KSEI Newsletter l Vol 01, 2014
30 June 2014
Domestic/
Foreign
Value
(in trilion Rp)
37%
63%
D
F
964.62
1,714.78
36%
64%
93.63%
6.37%
D
F
201.88
17.15
92.17%
7.83%
%
%
Balinese Culinary
Bali is famous for its unique foods which are rich in spices and have distinctive lavor.
One of the Balinese foods that can spoil culinary lovers is Betutu chicken or duck.
Betutu is commonly used as offerings in religious ceremonies as well as typical dishes.
Another popular food is sate lilit.
STATISTIC
5,6%
Increase
Single Investor Identification (SID) Jan - Jun 2014
345,000
340,152
340,000
338,195
334,796
335,000
331,528
330,000
328,162
325,000
320,000
320,779
315,000
310,000
Jan
Feb
Mar
Apr
May
Jun
Sub Account Jan - Jun 2014
6,3%
Increase
440,000
408,619
422,324
423,433
427,498
432,607
436,089
Jan
Feb
Mar
Apr
May
Jun
430,000
420,000
410,000
400,000
390,000
9,6%
Increase
Total Asset Jan - Jun 2014
3,000.00
2,950.00
2,949.77
2,900.00
2,880.50
2,850.00
2,800.00
2,781.36
2,750.00
2,700.00
2,650.00
2,965.28
2,911.93
2,679.12
2,600.00
2,550.00
2,500.00
(In Trillion Rp)
Jan
Feb
Mar
Apr
May
Jun
Vol 01, 2014 l KSEI Newsletter 11
Cover Story >>
Bali, a Paradise in Eastern Indonesia
Bali has become the main entry point for
foreign travelers to Indonesia. Despite
of being a tiny part of Indonesia, this
paradise island hides a million beauties
and native culture.
onde Nast Traveler, a world travel magazine,
named Bali as Most Beautiful Island in the
World in the magazine’s March 2014 edition,
beating Phuket, Maldives and Greece. This traveling
magazine conducted a survey to readers in Russia,
asking question about the world’s beautiful places
that is most interesting to visit. Another tourist website lists Bali
as one of the six most romantic places in the world, along with
Santorini in Greece, Kauai in Hawaii, Capri in Italy, Maldives, and
the Great Barrier Reef in Australia.
The attraction of Bali is not only relected in the beauty of
its natural scenery, but also in its cultural atmosphere and rich
traditional ceremony that can be found throughout the region,
which is also dubbed as the Island of Gods. Bali is a small island
in Indonesia which lies between Java and Lombok. The total area
of Bali Province is 5,637 squared kilometers or about 0.3 percent
of total area of the Republic of Indonesia. The majority of the
island population practice Bali Hinduism.
Many places in Bali can boast their global reputations; among
others are Ubud, the center of art and resting place in Gianyar regency and Nusa Lembongan, one of the diving spots in Klungkung
regency. Badung regency in the south of the island hosts many
beach resorts that scattered throughout its beautiful beaches such
as Kuta, New Kuta Beach, Seminyak, Jimbaran, and Nusa Dua.
C
1 KSEI Newsletter l Vol 01, 2014
Bali is also famous for the
traditional gamelan, which is a
variety of percussion instruments. Kecak performances
become one of the famous
colossal performing arts, which
comprise music collaboration
and singing that supposedly
monkeys mimic. Kecak dance
is performed by dozens male
dancers with a certain rhythm
called “cak” while raising both
arms, depicting a scene from the epic Ramayana as monkeys
army helps Sri Rama to ight Ravana.
Kecak is said to have originated from the Shanghyang
ritual, a dance traditions in which the dancers will be in a
trance in order to communicate with God or the spirits of
the ancestors, conveying their hopes and payers. The Kecak
dancers sit in a circle wearing only a black and white checkered cloth on their waist.
Other dance performances include the famous Barong,
Joged Bungbung, Pendet, Line Dance and the Legong Dance.
The dances are performed in the traditional ceremonies that
take place all the time in Pura, the place of worship for Bali
Hindus. They are also performed in religious ceremonies
such as Nyepi, Galungan, Saraswati, and the ceremony of
Manusa Yadnya: such as Ngaben, a cremation ceremony for
the death; Otonan ceremony to celebrate birth; Mesangih
ceremony for cutting teeth; Pawiwahan, the wedding ceremony; and other traditional ceremonies. n
Vol.
Vol.
01
2014
Cultural Diversity
& Nature of Bali
Despite Bali is only a small island among thousands in Indonesia’s
Archipelago, it has a strong magnet to attract the
attention of the world.
the inside >>
KSEI & PermataBank Cooperation
3 Capital Market and Banking Collaboration
5
Population Data for Investor
Database Reference
7
C-BEST Next-G Development:
Improve Settlement of Securities Transaction
8
10
EVENT
STATISTIC
Notes from Director
Heri Sunaryadi,
KSEI President Director
�������������
����������
Thanks God Almighty that the irst edition of KSEI Newsletter is published. KSEI Newsletter publication complements Forum Kustodian Sentral (FOKUSS) or Central Custodian
Forum Bulletin that has been published regularly since 1999. Still, to differ from the former
publication, KSEI Newsletter is available in English as a part of KSEI efforts to engage wider
audience, especially for international readers.
KSEI Newsletter is expected to provide foreign readers or inance institutions abroad
with information about PT Kustodian Sentral Efek Indonesia (KSEI), as Indonesia Central
Securities Depository, and about Indonesia capital market in general.
KSEI realizes that information exchange with other capital market institutions overseas is
critical to support Indonesia’s capital market development. In addition, KSEI pleased to share
with the audience about latest developments in Indonesia
capital market. Hopefully, such endeavor would beneit all
“KSEI Newsletter
stakeholders and also foster KSEI participation in internais expected to
tional level. That is in line with KSEI’s efforts to improve its
provide foreign
credibility and to become an internationally-competitive
readers or inance
institutions
institution.
abroad with KSEI
The Newsletter irst edition presents AKSes Facility Coinformation.”
Branding, the latest innovation that will add convenience for
investing in capital market. The facility is a part of initial synergy between Indonesia capital market and banking sector,
which is an initial step taken by the country’s capital market
regulator. Admittedly, bank services have become people’s basic need in modern times.
Banking have established a mature industry with an infrastructure network that reaches remote areas of the country, that opens a possibility of cooperation that would beneit capital
market investors.
KSEI is planning to establish a facility that connects to banking services, ranging from
ATM that is widely available now, to internet and mobile banking. Thus, investors would
be able to conduct both banking and capital market transactions through those banking
services.
This irst edition also tells a short story about one of the world main tourist destinations,
Bali, The Island of Gods.
Happy Reading!
Editor
Publisher: PT Kustodian Sentral Efek Indonesia (KSEI) • Advisor: KSEI Directors • Editor: Corporate Communication Unit
• Distribution: Corporate Communication Unit
Website KSEI
www.ksei.co.id
[email protected]
KSEI Newsletter l Vol 01, 2014
Toll Free
0800 -1- 865734
Call Center KSEI
021 - 515 2855
Editor’s Address:
Indonesia Stock Exchange Building
Tower Ist, 5th Floor
Jl. Jend. Sudirman Kav. 52 - 53
Jakarta 12190
Phone: (021) 5299 1099
Fax: (021) 5299 1199
Barong
Barong dance is a traditional Balinese dance performed by up to two dancers who wear
the mythical creature’s costume and mask. The Balinese believes that performing the
Barong, which resembles the shape of faerie ruler of Bali southern ocean Ratu Gede
Mecaling, can repel evil spirits. There are several types of Barong dances and Barong
Ket is the most popular among tourists.
KSEI & PERMATABANK COOPERATION
Capital Market and Banking
Collaboration
KSEI cooperation with
PermataBank marks a
new stage in utilizing
bank services to facilitate
transaction activities
in Indonesia capital
market. Investor now can
monitor their Securities
account balance and
movement through ATMs.
he banking industry has
inevitably become an integral
of Indonesia society. Its service
now ranges from saving money to
daily transaction facilities such as for
bill payment. All becomes easier with
support of banking infrastructure; we
almost no longer need to hold cash
money.
Historically, the concept of banking has been known since the Dutch
colonial government in the 1800s.
The concept of capital market also
existed in the same era, but the banking industry developed more steadily,
making the industry better known by
the Indonesian people.
Considering the fact that banking
services are well known among Indonesians, Indonesia Central Securities
Depository/PT Kustodian Sentral Efek
Indonesia (KSEI) takes the initiative to
develop AKSes (Securities Ownership
Reference) Facility Co-Branding that is
integrated with bank ATMs. Wide banks’
network across the country expected
to provide more access to investors
to monitor their securities portfolios
T
AKSes Facility Co-Branding via PermataBank Launching
through the ATMs. Moreover, most of the people
use ATMs regularly such as for withdrawing cash or
performing other non-cash transactions.
In order to develop the facility, in early 2014,
KSEI signed an agreement with PT Bank Permata
Tbk (PermataBank) to develop AKSes Facility CoBranding. This signing oficially started an alliance
between KSEI and PermataBank to develop project
for integrating AKSes Facility with PermataATM.
KSEI President Director Heri Sunaryadi said that
the Co-Branding cooperation was KSEI initial step to enhance capital market infrastructure with national banking network through Investor’s AKSes/SID. In addition to
ATM, this program will also be extended to other banking facilities such as internet
banking and mobile banking. Heri said that he hopes that all the banks, which have
been or will cooperate with KSEI as Investor Fund Account (RDN) administrator bank,
would follow the cooperation in order to open up new opportunities for capital market development and to allow investor to enjoy easier investment activity in capital
market.
“Access through banking network will trigger and facilitate the development of
investment-related service in the capital market. One door policy where banks can
“Access through
banking network
will trigger and
facilitate the
development of
capital market.”
Vol 01, 2014 l KSEI Newsletter
perform KYC (Know Your Client) for securities account opening
in Securities Company can be developed more eficiently in
order to deepen the market. It can also increase eficiency in
instruction delivery, which would not be limited to a withdrawal instruction but also for the selection and purchase of investment products such as mutual funds, ORI and retail Sukuk,
or securities booking in the primary market. All of them can be
developed through the banking network,” said Heri.
Financial Services Authority (Otoritas Jasa Keuangan/OJK)
Chief Executive of Capital Market Commission Nurhaida, who
also witnessed the agreement signing ceremony, welcomed
the initiative to expand AKSes Facility through the bank’s ATM
network. In her speech, Nurhaida said that the capital market
industry has to embrace the fact that public’s understanding of
banking today is much broader than the capital markets. It is
common for Indonesians to become customers of a bank, which
is supported by vast banks’ network that reached even the
remote areas in Indonesia.
“Under the same supervision which is OJK’s, capital market
can begin to work together with bank. Access information via
ATM is an excellent start. As a part of
society daily life, ATM is very familiar
to use, so it is expected that the ATMs
was needed only once to check that investor
“Capital market will
can also facilitate investors in their
has the RDN account with PermataBank. If the
expand and develop
activities related to investing in capital
registration process is successful, the investor
more collaboration with
market,” she said.
can access their securities information and
banks in line with efforts
Nurhaida hopes that the capital
fund balance data recorded in KSEI through
to centralize investors’
market will expand and develop more
the ATM menu.
data.”
Another additional feature that can becollaboration with banks in line with
efforts to centralize investors’ data and
neit investors is the withdrawal instruction to
SID in KSEI, including process for the
Securities Company. This feature allows invesMutual Fund investors, and plans to consolidate KSEI’s capital
tors to submit a withdrawal instruction to the Securities Commarket investors database with society database in the Ministry
pany through AKSes Facility in PermataATM, as an alternative to
of Domestic Affairs.
instruction deliveries by fax or online trading applications.
Starting in June 2014 or about ive months since the
Heri hopes that completion of AKSes Co-Branding with PermataATM would encourage other RDN administrator banks to
MoU signing, investors now can utilize AKSes Facility through
PermataATM. The oficial launch of the facility was held on
develop similar cooperation with KSEI. Heri said that currently
Tuesday, 15 July 2014 in the Main Hall, Gallery of the Indonesia
a preliminary discussion about AKSes Co-Branding with a RDN
Stock Exchange.
administrator bank has completed and moving forward to negoThe AKSes Facility Co-Branding via PermataATM was
tiation stage. “Hopefully in the near future, there will be another
oficially launched by KSEI President Director Heri Sunaryadi
RDN administrator bank, which develops AKSes Co-Branding
and PermataBank interim President Director Roy Arfandy with
with ATM facilities. Therefore, network to access AKSes facilities
symbolic presentation of PermataATM which is integrated with
will be extensive, providing more convenience to investors.”
AKSes Facility to investors representatives.
The latest cooperation between KSEI and PermataBank
The terms for investors to be able to use the facilities
adds an alternative for investor to access AKSes Facility. KSEI
through ATM are simple. First, investor is required to have a
expects investors to well utilize the facility by accessing and
savings account at PermataBank in order to obtain an ATM card,
monitoring their account regularly. The investors’ active role
and has RDN account in PermataBank which is opened by the
in monitoring their portfolio and fund through AKSes facility
Securities Company. As easy as that, investor can keep using the
forms the real basis for the creation of investor protection in
same ATM card and PIN number. Next, investors must register
capital market. n
with a simple process via PermataATM. The registration process
[Editor]
KSEI Newsletter l Vol 01, 2014
Bali Beaches
Bali is synonymous with beaches. The island has a total 5,000 hectares of coastal areas,
which stretching up to 529 km. There are at least 7 famous beaches in Bali, namely Kuta,
New Kuta (Dreamland), Padang Bai, Sanur, Legian, Nusa Dua and Seminyak. In addition to
swimming or sunbathing, beach in Bali is also a paradise for surfers.
Population Data for Investor
Database Reference
KSEI will cooperate with the General Directorate of
Population and Civil Registration, Ministry of Domestic
Affairs, to update investors’ data. In its inal stage, individual
data stored in national electronic ID card will be the single
point of reference for investors’ database in KSEI.
ingle Investor Identiication (SID) has
been implemented since the beginning of
“In near future, SID
database can provide
February 2012, or for more than two years
Indonesian capital
now, on the initiative from Indonesian Indonemarket participants
sia Central Securities Depository/PT Kustodian
with complete
Sentral Efek Indonesia (KSEI) along with a Self
investors’ proile.”
Regulatory Organization (SRO), and with the support of the Financial Services Authority (Otoritas
Jasa Keuangan/OJK).
SID was developed in line with the development of AKSes (Securities Ownership
Reference) Facility and Straight Through Processing (STP) transaction and settlement
process, and the application of Investor Funds Account (RDN), all of which are expected
to create a conducive investment climate in Indonesia capital market.
As a single identity, each investor only needs to have a SID number despite having Sub Account in more than one KSEI Account Holder. Data of the investor who has
several Sub Account will be consolidated into the SID number based on the number of
identity, status of the investor (such as individuals, or pension funds, etc.), date of birth
or incorporation, and domicile of origin investors (local or foreign).
S
SID consists of 15-digit numbers
and letters combination (alpha numeric)
that contains information about type of
investor (individual, company, or institution) and domicile of origin (foreign, or
local). SID also contains 6-digit number
of trading ID, which is a prerequisite for
investors to be able to conduct transactions in Indonesia Stock Exchange.
KSEI data shows approximately
340,000 SID numbers at the end of June
2014, compared to just 280,000 SID
numbers when the requirement was irst
implemented in early 2012. The data
also shows that the number of capital
market investors continues to increase
every year, which can have a positive impact for Indonesia capital market industry and the country’s economic growth.
SID so far can provide an overview
regarding the demographic of investor
registered in KSEI. Further SID application that allows us to see more investors’
characteristics is currently under development. So, in near future SID database
can provide Indonesian capital market
participants with investors’ proile that
is not only limited to age, gender, and
type of work. The initiative to establish
a complete and accurate database of
investors should be supported by efforts
to investors’ data.
Update of capital market investors’
data is mandatory for KSEI Account
Holder, in accordance with a provision
in OJK Regulation No.V.D.10 regarding
Know Your Client (KYC) principle. This
principle is expected to be carried out by
Indonesia capital market participants as
an effort to protect investors.
KSEI has implemented Static Data
Investors (SDI) module on its primary
system C-BEST since 27 December 2013.
Vol 01, 2014 l KSEI Newsletter
AKSes Card Attribute
The module is basically a database of
capital market investors that allows
“KSEI plans to cooperate
KSEI Account Holders – which are
with Ministry of Domestic
Securities Companies and Custodian
Affairs, in term of
Banks – to update customers’ data
utilizing the Republic
independently as the data changes.
of Indonesia population
Being always current and valid, the
database.”
database can provide reliable demographic information. Implementation of
SDI module is also the starting point of
the formation of the Indonesia capital market investor database.
The data update process through SDI module is highly dependent on the quality of
customer databases at KSEI Account Holder. The databases are expected to be accurate,
completed and being constantly updated when change occurs.
The greatest obstacle is related to individual data updates. Generally investors as
customers of KSEI Account Holder do not convey any change in their data, barring KSEI
Account Holders from making any updates.
In order to enhance SID implementation and to support data updating on Indonesia capital market investors, who are identiied by SID number, KSEI plans to cooperate
with Directorate General of Population and Civil Registration at the Ministry of Domestic Affairs, in term of utilizing the Republic of Indonesia population database that is
based on national electronic ID card records.
The Ministry and OJK signed in February 2014 a Memorandum of Understanding
(MoU) on Cooperation of Utilizing Single Identity Number (NIK), Data Population and
Electronic Identity Cards in the Scope of Services of OJK. The MoU provides a legal basis for each agency under the supervision of OJK, which consists banks, capital market
institutions, and other non-bank inancial institutions, to cooperate with the Directorate
General of Population and Civil Registration in making use of the national population
database. Currently, there are 16 agencies under OJK supervision that have signed MoU
with the Ministry regarding population database utilization.
Considering the urgent need for updating investors’ database and to take advantage of legal agreement between OJK and the Ministry of Home Affairs, KSEI plans to
KSEI Newsletter l Vol 01, 2014
enter cooperation agreement with the
Directorate General of Population and
Civil Registration at the Ministry that
will allow the institution to harness the
national population database for investors data updating. Utilization of the
Indonesian population database will be
reserved speciically for individual investors who are Indonesian citizen.
For the data updating process, KSEI
will develop a system that integrate with
the Population Administration Information System (SIAK) at Directorate General
of Population and Civil Registration at
the Ministry of Domestic Affairs. Under
the 2013 Population Administration Law
Number 24, there are 27 data ields that
can be utilized by KSEI. Some investors
data such as NIK and address, will be
connected and always updated at KSEI
database, if there is a change in Directorate General of the Population and Civil
Registration’s database.
As a preliminary step, the national
population database will be used for
checking against all investors’ data in
SDI module. In the future, the population
database would serve as data validation
and veriication platform for Sub Account
opening process and SID number issuance.
In the future, there might be a
chance for KSEI Account Holder to be
able to utilize a card reader that can
read the chip embedded in national
electronic-ID card in individual Sub Account opening for Indonesia Citizen. This
system is expected to be implemented
on a regular basis by the end of 2014.
This partnership is expected to
provide a more complete and accurate
database on Indonesia capital market,
and to make tracking changes on investors data easier. In addition, accurate and
constantly updated investors data allows
KSEI to plan better program and product
development based on the available
information. n
[Editor]
Subak
Subak is a centuries-old water management system for rice ields in Bali. The rice ields
are arranged in terraces to conform to the mountainous landscape. Subak landscape is
designated as a World Heritage site on the World Heritage Committee session of the 36th
Organization of Education, Science, and Culture of the United Nations (UNESCO) in Saint
Petersburg, Russia, in 2012.
C-BEST Next-G Development:
Improve Settlement of Securities
Transaction
C-BEST Next-G allows 20,000 Securities transactions
settlement per minute in Indonesia capital market, from
previously just 3,000 transactions per minute.
C
urrently the settlement of trade transactions that occurred in the Indonesia
Stock Exchange (IDX) can be carried out relatively well. KSEI’s transaction
settlement system, namely the Central Depository and Book Entry Settlement
System (C-BEST), is still able to serve the number of transactions that occurs in IDX.
Still, KSEI has developed the C-BEST Next Generation (C-BEST Next-G) in anticipation
of an increase number of transactions in the long term and as an effort to improve its
services.
Total securities settlement through C-BEST reached 1.34 trillion units in 2013
with total frequency around 37.5 million. This was an increase from 2012, when the
system carried out 1.05 trillion units of transaction settlements and 29.9 million
transaction frequencies. The development
of C-BEST Next-G is targeted to handle
three times of current settlement capacity.
“Total securities
Development of C-BEST Next-G was
settlement through
started in 2012 with the submission of
C-BEST reached 1.3
development specifications to prospective
trillion units in 013 with
vendors, which were participating in
total frequency around
the system developer selection process.
37.5 million.”
Selection and evaluation of C-BEST
Next-G developer entered final stage
by the end of 2013 and came up with
selected vendor. System design and
development is being carried out this
year.
“The development of the C-BEST
Next-G is targeted for completion
in 2015. That is in line with the
development of a new trading
system that has been implemented
by IDX namely ‘Jakarta Automated
Trading System’ (JATS) Next-G,”
said KSEI President Director Heri
Sunaryadi. Heri said settlement
system needs to boost its capacity
to match increased transaction
number that can be handled by JATS
Next-G in order to ensure a seamless
working process.
Moreover, C-BEST Next-G is developed to meet the challenges of rapid
technological advances. The current
C-BEST is more than 10 years old and
has been used since the beginnings of
scripless trading in 2000. n
[Editor]
Vol 01, 2014 l KSEI Newsletter
EVENT
MoU Signing of AKSes Facility and
PermataATM Co-Branding
KSEI and PT Bank Permata Tbk, signed a
Memorandum of Understanding (MoU) for CoBranding of AKSes Facility via PermataATM on
28 February 2014. The signing initiated alliances
between KSEI and PermataBank in a developing project that integrate AKSes Facility with
the bank ATM facilities. KSEI President Director Heri Sunaryadi and Director of Wholesale
Banking PermataBank Roy Arfandy signed the
agreement in the Main Hall at Gallery of Indonesia Stock Exchange. The signing ceremony was
witnessed by the Chief Executive of the Capital
Market Supervisory Financial Services Authority
(OJK) Nurhaida, PermataBank Interim Director M.
Herwidayatmo, the Board of Directors of Indonesia Stock Exchange, the Board of Directors of
Indonesian Clearing and Guarantee Corporation,
KSEI Board of Directors and Commissioners and
representatives of associations in capital market.
Submission of ISO 7001: 005
Certiication
As part of its effort in implementing good
corporate governance, KSEI has conducted steps
to achieve ISO 27001:2005 on Information Security Management System (SMKI) since 2012. A
surveillance audit by PT SGS Indonesia in October
2013 concluded that KSEI overall operation meets
ISO 27001:2005 standard. PT SGS Indonesia delivered ISO 27001:2005 certiicate to KSEI in the
ceremony that coincided with the signing of the
MoU of cooperation AKSes Facilities Co-Branding via PermataATM. In the event, Shashibhushan
Jogani, Business Manager of PT SGS Indonesia,
handed the certiicate to KSEI President Director
Heri Sunaryadi. These policies serve as guidelines
for KSEI in protecting the conidentiality, integrity
and availability of investors’ data and information.
In other words, KSEI information management
systems meet international standards, which can
increase investor conidence in KSEI data deposit.
Sharing Session for Shareholders in
Japan
As part of Shareholders’ Capacity Building
activities in Tokyo, Japan on 2 to 6 April 2014, KSEI
along with representatives of KSEI shareholders,
SRO, KSEI Committee members and several other
invitees visited Japan Securities Depository Center,
Inc. (JASDEC) and the Tokyo Stock Exchange (TSC).
Participants attended a sharing session about the
activities at JASDEC and TSC, which conluded with
a visit to the Exchange Gallery in TSC.
KSEI Newsletter l Vol 01, 2014
Ngaben
Ngaben is a cremation performed by the Hindus. The ceremony performed to purify
the spirit of ancestors who have passed away heading into the inal resting place by
way of a funeral pyre. Etymologically, ngaben can mean either ash or provision for the
journey into spirit world.
EVENT
ANNA General Meeting
KSEI representatives attended the
Association of National Numbering Agencies (ANNA) Ordinary General Meeting in
Reykjavikl, Iceland on 22 - 23 May 2014.
The meeting was attended by ANNA members consisting of the Central Banks, the
Central Securities Depository institutions,
the regulators, and the stock exchanges
from several countries. ANNA is an association of institutions authorized to issue
ISIN (International Securities Identiication Number) and CFI (Classiication of
Financial Instruments) codes as the reference standard for international securities
trade. KSEI has been an ANNA member
since 1994. As the national numbering
agency for Indonesia, KSEI publishes
identity number for all securities, including
those issued by government and private
companies that are registered in Indonesia. At the end of the regular meeting,
Extraordinary General Meeting was agreed
to be held in Bali, Indonesia on 20 - 21
November 2014.
The 15th ASEAN+3 Bond Market
Forum (ABMF) Meeting
KSEI delegates attended the 15th
ASEAN+3 Bond Market Forum (ABMF)
Meeting in Mandaluyong City, Manila,
Philippines on 18 March, 2014. The meeting constituted of several sub forums that
discuss different topics. Sub-Forum 1 (SF1)
discusses the role of ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF),
which is an ABMF pilot project. The subforum discussed AMBIF implementation
guidlines and other issues related to the
project. Sub-Forum 2 (SF2) discussed the
harmonization and standardization of
cross border message delivery and the
ISIN numbering standardization that will
be implemented.
Another discussion addressed is Bond
Market in member countries. The next
meeting will discuss standardized message model and design, compiling the results of questionnaires about the message
and the ISIN numbering, as well as identify
issues or barriers regarding cross border
collateral and REPO. In this meeting, China
and South Korea will also share relevant
information on REPO activities that have
been running in their respective countries.
The 1th ACG Cross Training Seminar
Central Securities Depository of Iran (CSDI) is the host for the 16th ACG Cross
Training Seminar, which took place in Parsian Azadi Hotel at Tehran, Iran on 19 to
21 May 2014. Representatives of clearing and central depository institutions that
are members of the Asia Paciic Central Securities Depository Group (ACG Group)
present the latest development in the business. The overall activity was attended
by 70 participants from 14 countries, and invited delegates from Oman.
Development of capital market in Iran was also presented at the seminar.
Dr. Hossein Mohammadi, CEO Consultant CSDI, explained that the concept of
capital market has grown in Iran since the time of the Persian Empire in 6 B.C.
with the use of stone tablets as securities or debt notes. The Muslim majority
in Iranian society drives Sukuk as one of the popular investment products. The
number of products of the Sukuk Ijarah and Murabahah in Iranian capital market
over the past four years reached an average of $240 per year with as many as
12 types of Sukuk.
KSEI & ABKI Joint Comparative Study in Hong Kong
Indonesia Custody Bank Association (ABKI) and KSEI made visits to several
institutions in Hong Kong capital market on 22 - 23 May 2014. The comparative study began with a sharing session of Hong Kong Exchanges and Clearing
Limited (HKEx) and HSBC Hong Kong. HKEx carries out both stock trading and
settlement clearing functions. In addition, HKEx regulates issuer registration as
well as listings management. HKEx handles both scripless securities and those
in physical paper form. In conducting its operations, HKEx uses a system called
CCASS (Central Clearing and Settlement System). After meeting with HKEx, Alastair Murray, Sales Asset Managers, HSBC Securities Services Asia Paciic gave a
lecture on the latest developments of Hong Kong capital market. Based on the
data presented by Murray, the Hong Kong residents’ participation in investment
increased to 39% in 2013, compared to 37% a year earlier.
Vol 01, 2014 l KSEI Newsletter
STATISTIC
Number Of Securities Listed At C-BEST
As of June 2014
As of December 2013
358
41
35
0
119
6
Corporates Bonds
Government Bonds
Warrants
Rights Issue
Medium Term Notes
355
41
31
2
96
Assets Backed Securities
74
Private Equity Funds
32
Sukuk
12
Sovereign Sharia Securities
1
DIRE
10 Negotiable Certificate of Deposit
535
Shares
Total 1.223
6
72
36
12
1
0
523
1.175 Total
Stock Exchange Transaction Settlement
30 December 2013
30 June 2014
Frequency
Total (Unit)
Value (Rp)
Frequency
Total (Unit)
Value (Rp)
37,499,462
1,342,657,273,695
1,522,122,357,663,490
3,755,425
96,246,374,667
105,588,744,009,214
Composition of Share, Corporate Bonds & Sukuk Ownership
30 December 2013
Securities
Domestic/
Foreign
Value
(in trilion Rp)
Shares
D
F
868.80
1,475.47
Coorporate Bond
and Sukuk
D
F
206.24
14.03
10 KSEI Newsletter l Vol 01, 2014
30 June 2014
Domestic/
Foreign
Value
(in trilion Rp)
37%
63%
D
F
964.62
1,714.78
36%
64%
93.63%
6.37%
D
F
201.88
17.15
92.17%
7.83%
%
%
Balinese Culinary
Bali is famous for its unique foods which are rich in spices and have distinctive lavor.
One of the Balinese foods that can spoil culinary lovers is Betutu chicken or duck.
Betutu is commonly used as offerings in religious ceremonies as well as typical dishes.
Another popular food is sate lilit.
STATISTIC
5,6%
Increase
Single Investor Identification (SID) Jan - Jun 2014
345,000
340,152
340,000
338,195
334,796
335,000
331,528
330,000
328,162
325,000
320,000
320,779
315,000
310,000
Jan
Feb
Mar
Apr
May
Jun
Sub Account Jan - Jun 2014
6,3%
Increase
440,000
408,619
422,324
423,433
427,498
432,607
436,089
Jan
Feb
Mar
Apr
May
Jun
430,000
420,000
410,000
400,000
390,000
9,6%
Increase
Total Asset Jan - Jun 2014
3,000.00
2,950.00
2,949.77
2,900.00
2,880.50
2,850.00
2,800.00
2,781.36
2,750.00
2,700.00
2,650.00
2,965.28
2,911.93
2,679.12
2,600.00
2,550.00
2,500.00
(In Trillion Rp)
Jan
Feb
Mar
Apr
May
Jun
Vol 01, 2014 l KSEI Newsletter 11
Cover Story >>
Bali, a Paradise in Eastern Indonesia
Bali has become the main entry point for
foreign travelers to Indonesia. Despite
of being a tiny part of Indonesia, this
paradise island hides a million beauties
and native culture.
onde Nast Traveler, a world travel magazine,
named Bali as Most Beautiful Island in the
World in the magazine’s March 2014 edition,
beating Phuket, Maldives and Greece. This traveling
magazine conducted a survey to readers in Russia,
asking question about the world’s beautiful places
that is most interesting to visit. Another tourist website lists Bali
as one of the six most romantic places in the world, along with
Santorini in Greece, Kauai in Hawaii, Capri in Italy, Maldives, and
the Great Barrier Reef in Australia.
The attraction of Bali is not only relected in the beauty of
its natural scenery, but also in its cultural atmosphere and rich
traditional ceremony that can be found throughout the region,
which is also dubbed as the Island of Gods. Bali is a small island
in Indonesia which lies between Java and Lombok. The total area
of Bali Province is 5,637 squared kilometers or about 0.3 percent
of total area of the Republic of Indonesia. The majority of the
island population practice Bali Hinduism.
Many places in Bali can boast their global reputations; among
others are Ubud, the center of art and resting place in Gianyar regency and Nusa Lembongan, one of the diving spots in Klungkung
regency. Badung regency in the south of the island hosts many
beach resorts that scattered throughout its beautiful beaches such
as Kuta, New Kuta Beach, Seminyak, Jimbaran, and Nusa Dua.
C
1 KSEI Newsletter l Vol 01, 2014
Bali is also famous for the
traditional gamelan, which is a
variety of percussion instruments. Kecak performances
become one of the famous
colossal performing arts, which
comprise music collaboration
and singing that supposedly
monkeys mimic. Kecak dance
is performed by dozens male
dancers with a certain rhythm
called “cak” while raising both
arms, depicting a scene from the epic Ramayana as monkeys
army helps Sri Rama to ight Ravana.
Kecak is said to have originated from the Shanghyang
ritual, a dance traditions in which the dancers will be in a
trance in order to communicate with God or the spirits of
the ancestors, conveying their hopes and payers. The Kecak
dancers sit in a circle wearing only a black and white checkered cloth on their waist.
Other dance performances include the famous Barong,
Joged Bungbung, Pendet, Line Dance and the Legong Dance.
The dances are performed in the traditional ceremonies that
take place all the time in Pura, the place of worship for Bali
Hindus. They are also performed in religious ceremonies
such as Nyepi, Galungan, Saraswati, and the ceremony of
Manusa Yadnya: such as Ngaben, a cremation ceremony for
the death; Otonan ceremony to celebrate birth; Mesangih
ceremony for cutting teeth; Pawiwahan, the wedding ceremony; and other traditional ceremonies. n