22 Nov 2018
INDONESIA: Stock Exchange Settlement Time Cut to Two Days
The lead time for the settlement of transactions at the Jakarta-based Indonesia Stock Exchange (IDX) is to be cut from three to two days. The move, which comes into force on 26 November, is part of a bid by the Financial Services Authority of Indonesia (OJK) to ensure the country’s national bourse can compete effectively with its counterparts elsewhere in the ASEAN bloc.
Additional related moves include the introduction of an online bond-trading platform, well as the establishment of a dedicated start-up board. Details of both initiatives are expected to be formalised by the end of the year.