In July 2014, the Indonesian Central Securities Depository (KSEI) implemented disclosure requirements on equities and corporate bonds for free-of-payment trade settlement in Indonesia. 

This initiative is aimed to provide transparency to investors around settlement and reasons for performing free-of-payment transactions in Indonesia. In the area of capital market infrastructure, KSEI formally appointed Nasdaq QMX as the system vendor for its C-Best system in October 2014. The system is expected to be available in December 2016.

In November 2014, the Indonesia Financial Services Authority (OJK) issued a new regulation regarding guarantees on the settlement of stock exchange transactions, which allows certain types of stocks and transactions which may not be guaranteed by the Indonesian Clearing and Guarantee Corporation, explains Supranoto Prajogo, head of HSBC Securities Services Indonesia.

“The regulation gives the Indonesia Stock Exchange and Indonesian Clearing and Guarantee Corporation up to December 31 2015 to prepare the implementation guidelines and infrastructure required to support the new regulation. Specifically for the implementation of non-guaranteed stocks and excluded transactions, the regulation will be effective from January 1 2016.”