Indonesia: Implementation of T+2 settlement cycle

08.10.2018

Clearstream Bankingadvises customers that, effective

26 November 2018

the Indonesian settlement cycle for all listed securities (scripless) trades will shorten from T+3 to T+2.

The change of settlement cycle has been a market-wide initiative spearheaded by the Self- Regulatory Organisations (SROs) made up of the Indonesia Stock Exchange (IDX), Indonesian central securities depository (PT Kustodian Sentral Efek Indonesia – KSEI), Indonesian clearing house (PT Kliring Penjaminan Efek Indonesia – KPEI). The shortened settlement cycle is expected to reduce settlement risks in the market.

Trading and settlement

The implementation date of the new settlement cycle in the Indonesian market is as follows:

 

Trade Date

Trade Day

Settlement Date

Settlement Day

Last T+3 trading day

23 November 2018

Friday

28 November 2018

Wednesday

First T+2 trading day

26 November 2018

Monday

28 November 2018

Wednesday

Corporate actions

Corporate action ex-period under the new settlement cycle is as follows:

 

Under T+3 (existing)

Under T+2 (new)

Effective date for new ex-period under T+2

Record date = Book closing date

Ex-date+2

Ex-date+1

26 November 2018

Impact on customers

Customers are requested to take note of the changes and to send timely settlement instructions to Clearstream Banking to avoid settlement delays.

Note: Settlement, cash, funding and foreign exchange deadlines will be unaffected by these changes.

Further information

The Market Link Guide – Indonesia will be updated accordingly.

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.

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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500. (CBL).