Friday, 19 April 2019 | 10:14 WIB

Acceleration of Bourse Transaction Settlement to be Effective on November 26

Illustration: IDX

JAKARTA, NNC - The Self Regulatory Organization (SRO) has made various preparations as a follow-up to the plan to implement the Acceleration of the Bourse Transaction Settlement from T+3 to T+2 by involving all capital market players.

The SRO which is the organizer of capital market activities consists of the Indonesia Stock Exchange (IDX), Indonesian Clearing and Guarantee Corporation (KPEI), and the Indonesian Central Securities Depository (KSEI).

By considering the assessment results of the readiness of all technical and business aspects, as well as the results of testing the system on the side of the SRO and the actors, it is announced that the T+2 transaction settlement cycle implementation will run according to a predetermined schedule, Monday, November 26, 2018.

In an official statement delivered on Friday (11/09), it was also stated that the first day transaction settlement with the T+2 settlement cycle will fall on Wednesday, November 28, 2018.

Meanwhile, the settlement of the transaction on the November 28, 2018 will be a joint transaction settlement for Trade with the last day T+3 settlement cycle, Friday (11/23) and Trade with the first day T+2 settlement cycle, Monday (11/26).

Implementation of the T+2 Bourse Transaction Settlement Cycle is an SRO effort in creating a fair, orderly and efficient Indonesian Capital Market, and has world-class competitiveness and credibility.