TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

IDX’s T+2 settlement system goes smoothly

News Desk (The Jakarta Post)
Jakarta
Fri, November 30, 2018

Share This Article

Change Size

IDX’s T+2 settlement system goes smoothly Financial Service Authority (OJK) chairman Wimboh Santoso, OJK deputy chairman Nurhaida, Indonesia Stock Exchange (IDX) president director Inarno Sjajadi, Bank Indonesia deputy chairman Mirza Adityaswara, Deputy Finance Minister Mardiasmo and other relevant officials launch the T+2 transaction system for the IDX at the Gelora Bung Karno sports complex in Jakarta on Nov. 25. (kompas.com/Mutia Fauzia)

T

he transition period from a three-day transaction (T+3) settlement to a T+2 settlement in the Indonesia Stock Exchange (IDX) has taken place smoothly as there was no delivery failure when the new system started operating.

However, IDX president director Inarno Djajadi admitted that the transactions of foreign shares were a bit slow from Nov. 23 to 26.

“The transaction value was a bit slow at Rp 3.5 trillion on Nov. 23 and Rp 3.9 trillion on Nov. 26,” he said as quoted by kontan.co.id, adding that the foreign shares transactions were back to normal on Nov. 27 and Nov. 28 at Rp 6.6 trillion and Rp 6.8 trillion.

The T+3 settlement in the IDX had officially ended after PT Kliring Penjamin Efek Indonesia (KPEI) and PT Kustodian Sentral Efek Indonesia (KSEI) completed the settlement process of the Nov. 23 bourse transactions, the last day of transactions that used the T+3 settlement.

Meanwhile, PT KSEI director Alec Syafruddin said the settlement process took place smoothly as there is no technical and delivery failure since the T+2 settlement system kicked off on Monday.

“Thank God, it took place smoothly. All settlements, which are a combination of two-day transactions, could be processed smoothly,” he said on Wednesday.

Inarno said he considered the implementation of the T+2 settlement as historic for the Indonesian bourse. “Let’s welcome this historic moment of the bourse,” he said.

He expressed his appreciation to the involved parties, including the Financial Services Authority (OJK), Bank Indonesia, custodian banks and members of the bourse for their contributions to the implementation of the T+2 settlement. (bbn).

{

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.