To support market
penetration plan run by OJK by building infra-structure whereby to ensure
convenience and comfort for investors PT KSEI applied 3 infrastructure
development plans for the capital market, inter-connected and scheduled to be
ready in the next 3 years.
President of KSEI Hari Suryadi stated KSEI workplan was
related to the development of the Development of the Central Depository and
Book Settlement System Next Generation [C BEST Next G]. Sometime ago KSEI had
introduced development of the system, signified by signing of Collaboration
Agreement with chosen vendor from the USA nasdaq OMX. Although the capacity of
C-BEST in existence today could still handle transaction of shares at the
stockmarket, the system was prepared to accommodate need for up to 3 million
investors with capacity increasing by sixfold. After the inauguration,
development of C-BEST Next G would enter the next stage in the form of
adaptation of X-Stream technology of Nasdaq OMX according to the needed
specification.
Not just a matter of capacity, C BEST Next G would also
had additional features which would soon accommodate message based on SWIFT ISO
20022 internationally applicable. This would enable KSEI make Cross Border
Settlement with other countries in the future, and was expected to step up role
of KSEI as Central Securities Depository Indonesia at regional level. As
planned, the C-BEST Next G was targeted to be accomplished in December 2016.
Signing of collaboration in infra structure development
for other stockmarkets with third parties had been exercised last September.
In this case KSEI would collaborate with Korea Securities
Depository [KSD] in developing integrated Investment Management in Indonesia.
The Exiting need for centralized system for simplification of business flow at
the Reksadana insurance market was the main reason why the system was
developed.
Today players of Reksadana industry like sales agents,
investment managers, and Kostodian banks including underwriters were still
inter-connected the varied way based on the system developed by the respective
players. “A centralized system needed to be developed in Indonesia because many
process to day were exercised manually which was inefficient in terms of cost.
Development of an integrated system could be the way out because this infra
structure could facilitate growth of supply-demand at the Reksadana market”
Hari said,
Heri was also expecting that the application of
integrated Investment Management System would increase Net Asset Value [NAB] of
Reksadana increase local portion of ownership at Indonesia’s stockmarket and
increase liquidity shares transaction in Reksadana portofolio.
The third focus encompassed development of Akses
[Security Ownership Access] Financial Hub to allow convenience of access and
investment activities for investors to remote areas. The development was based
on application of Single Investors Identification [SID] which had become
obligation to investors since 2012. In the development had been executed among
others application of Static Data Investors since 2013 and connected SID
population database of Indonesia through collaboration between KSEI and the
Dir. Gen. of Population, Ministry of Internal Affairs.
The next stage would be numbering of SID number to
Collective Investors like Reksadana and collective instrument collection so a
picture of investors at the stockmarket could shape up. Expansion of access and
networking could be pursued through collaboration with banks. For that matter
KSEI planned to collaboration for increasing the number of payer bank and RDN
Administrator Bank and soon to be applied also collaboration for co-branding of
Akses facilities with the bank’s ATM network.
The three plans would be executed as a form of KSEI
support to OJK program for market penetration, which could be attained by way
of increasing the supply side, i.e. emitents and product and the demand side by
increasing the number of investors, developing infra structure and the
supporting regulations.
“The three infra structure development program were an
inter related whole and could not be independent. It must not be delayed
because soon the market would be more diversed and we would be ready for it”
Heri said while hoping that by 2018 all developments would be executed to bring
convenience to investors.
While focusing on development on 3 masterplans, effective
company’s actions could be KSEI’s attention. On the internal side there would
be human resources development to ensure employees quality of performance. To
make sure that all data at KSEI would be protected, KSEI would make evaluation
ISO 27001 : 2005 on Information confidentiality [SMKI] which was targeted to be
upgraded to become version 27001 : 2013 as an effort to improve quality
service. (SS)
Business News - October 31, 2014
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