Indonesia: CPSS-IOSCO Recommendations for Securities Settlement Systems: The Equity and Corporate Bonds Securities Settlement Systems

International Monetary Fund

No 2012/186, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses findings of the joint IMF–World Bank Indonesia Financial Sector Assessment Program (FSAP) undertaken during 2009– 10. The assessment was conducted on processes and functions, as opposed to institutions and with the cooperation of the Bapepam-LK, the Bank Indonesia. It was found that 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.

Keywords: ISCR; CR; payment bank; cash settlement; settlement system; KSEI rule; custodian bank; KSEI cash account; market participant; settlement bank risk; KSEI settlement system; KSEI system; KPEI account; KSEI member; Securities; Stock markets; Currencies; Securities settlement systems; Corporate bonds; Asia and Pacific (search for similar items in EconPapers)
Pages: 34
Date: 2012-07-18
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