Strengthening CCP and Regulatory Roles

• Innovative Market Development • Capacity and Institutional Building • Harmonization and Smart Globalization

Sebanyak 28 (dua puluh delapan) inisiatif strategis dapat dilaksanakan sebagai program kerja KPEI, yang kemudian diturunkan menjadi program kerja masing-masing divisi. Selengkapnya mengenai inisiatif strategis 2014 dijelaskan sebagai berikut:

Tema Strategis / Strategic Theme

Strengthening CCP and Regulatory Roles

Inisiatif | Initiatives Tujuan | Objectives Hasil | Result % Progress

Kajian Peran KPEI sebagai Central Counterparty (CCP)

Review on KPEI’s Role as Central Counterparty (CCP)

Kajian ini bertujuan untuk memaksimalkan peran KPEI selaku CCP dengan membandingkan pengembangan CCP di negara lain untuk memperoleh informasi terkait peran-peran baru yang dapat dijalankan oleh KPEI selaku CCP

This review aimed to optimalize KPEI’s role as CCP by comparing CCP development in other countries to obtain information related to new roles conductible by KPEI as CCP

• Kajian Konsep Bisnis Institutional Delivery

Review on Business Concept Institutional Delivery

• Kajian Integrasi Collateral Management

Integration of Collateral Management

• Kajian Direct ParticipantSecurities Borrowing and Lending (SBL) & Repo Review on Direct Participant

Securities Borrowing and Lending (SBL) & Repo

• Kajian Dana Pensiun, Asuransi, Mutual Fund sebagai partisipan SBL Review on Pension Fund, Insurance, Mutual Fund as SBL participant

• Mekanisme Margin Financing

Mechanism of Margin Financing

75% Perbandingan Peraturan terkait CCP Comparison of CCP-related Regulations

Perusahaan melakukan review dan penyusunan kajian dengan membandingkan aspek legal terkait peraturan Bank Kustodian (BK) sebagai Anggota Kliring (AK) dari negara Singapura dan Malaysia bersama dengan konsultan hukum

The Company conduct review and analysis composition by comparing the legal aspect of Custodian Bank’s role as

Kajian hukum BK sebagai AK

Legal analysis regarding CB’s role as CM

100% PT Kliring Penjaminan Efek Indonesia (KPEI) is committed to establish an appropriate and conformable initiative to the Company’s strategic plan for period of 2012-2015. In 2014, KPEI determined and conducted strategic initiative based on 4 (four) strategic theme, as follows:

• Strengthening CCP and Regulatory Roles • Innovative Market Development

• Capacity and Institutional Building • Harmonization and Smart Globalization

28 (twenty eight) strategic initiatives has been performed as KPEI’s work program, which cascading into each division work program. Complete details of strategic initiatives 2014 described as follows:

Tema Strategis / Strategic Theme

Strengthening CCP and Regulatory Roles

Inisiatif | Initiatives Tujuan | Objectives Hasil | Result % Progress

Penyusunan Peraturan terkait Pengembangan Bisnis Composition on Regulation related to Business Development

Untuk menghasilkan peraturan perusahaan yang disesuaikan dengan pengembangan produk baru, yang dapat mendorong berjalannya proses Kliring dan Penjaminan yang efisien, wajar dan teratur

To create company regulation adjusted to new product development that drive the Clearing and Guarantee process is conducted efficiently, properly, and orderly.

• Draf Peraturan Otoritas Jasa Keuangan (OJK) terkait Penjaminan Penyelesaian Transaksi Bursa (POJK 26/2014) Regulation Draft of IFSA related to Securities Transaction Settlement Guarantee (POJK 26/2014)

• Draf Peraturan Kliring dan Penyelesaian Derivatif Regulation Draft on Derivative Clearing and Settlement

• Draf Peraturan Keanggotaan Kontrak Berjangka-Opsi Saham

Regulation Draft of Futures-Stock Option Membership

• Revisi Peraturan terkait Pelanggaran dan Sanksi AK

Revision on Regulation related to Violation and Sanction for CM

• Revisi Perjanjian Pinjam Meminjam Efek (PME)

Revision on SBL agreement

100%

Tema Strategis / Strategic Theme

Innovative Market Development

Inisiatif | Initiatives Tujuan | Objectives Hasil | Result % Progress

Optimalisasi Program PME

Optimalization SBL Programs

Sebagai upaya memaksimalkan utilisasi fasilitas infrastruktur PME yang belum digunakan secara optimal oleh partisipan, KPEI merencanakan beberapa kegiatan seperti pertemuan dengan pemangku kepentingan (Anggota PME, OJK, SRO), networking, dan penyelenggaraan seminar kecil As an effort to maximize the utilization of SBL infrastructure facilities that have not been used yet optimally by the participants, KPEI plans to conduct several activities such as stakeholder meeting (SBL Member, IFSA, and SROs), networking, and mini workshop.

• Kegiatan networking dengan Anggota PME untuk memberikan sosialisasi program PME antar nasabah

Several networking activities with the SBL member to socialize the SBL inter-customer program

• Kegiatan networking dengan regulator melalui sharing session dengan BEI

Networking with regulators through sharing session with IDX

Tema Strategis / Strategic Theme

Innovative Market Development

Inisiatif | Initiatives Tujuan | Objectives Hasil | Result % Progress

Konsultasi dan Implementasi PME Bilateral Consultation and Implementation of Bilateral SBL

Dalam rangka proses mengadopsi model PME yang best practice, KPEI melakukan konsultasi dan implementasi PME bekerjasama dengan Korea Securities Depository (KSD) dengan melibatkan SRO lain dan partisipan In order to adopt best practice SBL model, KPEI conducted consultation session and SBL implementation cooperated with Korea Securities Depository (KSD) and involving the other SROs and participant

• Dokumen mekanisme bisnis Business mechanism document

• Tahap Technical Assistance dan Training & education masih dalam proses

Technical Assistance and Training & education phase still on progress 75% *) Implementasi Perubahan Peraturan OJK tentang Penjaminan Penyelesaian Transaksi Bursa Implementation of IFSA Regulation Amendment regarding Settlement Guarantee of Securities Transaction

Dilakukan perubahan bisnis proses dan penyesuaian peraturan sehingga dihasilkan skema penjaminan yang sejalan dengan proses bisnis dan operasional berdasarkan perubahan Peraturan OJK

KPEI conducted the business process changes and regulation adjustment to produce guarantee scheme that in line with the operation process based on IFSA regulation

• Dilakukan hearing dengan OJK dan SRO tentang Rancangan Peraturan OJK

Hearing activity with IFSA and SRO about IFSA regulation draft

• Dokumen spesifikasi kebutuhan pengguna

User requirement dokumen

• Dokumen desain sistem System design document

33% *)

Implementasi

General Clearing Member (GCM)

GCM Implementation

Untuk menindaklanjuti persetujuan high level concept GCM, KPEI melakukan penyesuaian dan implementasi sistem dan peraturan terkait sosialisasi kepada pelaku pasar

To follow up the approval of GCM high level concept, KPEI conducted the system and regulation adjustment and implementation related to socialization activity to capital market participants

• Pembahasan hasil assesment dan beberapa isu secara detail atas dampak implementasi GCM dari aspek bisnis, peraturan, sistem dan prosedur operasional (POS) terkait implementasi GCM

Discussion of assessment result and several issues in details upon the effect of GCM implementation from business aspect, regulation, system and implementation of operation procedure (SOP) related to GCM Implementation

• Dokumen spesifikasi kebutuhan pengguna atas change request e-CLEARS

User requirement document based on e-CLEARS change request

Tema Strategis / Strategic Theme

Innovative Market Development

Inisiatif | Initiatives Tujuan | Objectives Hasil | Result % Progress

Implementasi

Institutional Delivery

Implementation of Institutional Delivery

Dalam rangka memfasilitasi secara langsung penyelesaian transaksi bursa dari nasabah institusi yang umumnya menempatkan efek-efeknya di Bank Kustodian (sebagai settlemen agent) dan untuk meningkatkan efisiensi penyelesaian transaksi bursa In order to directly facilitate the securities transaction settlement from the institution client that usually deposit the securities in CB (as settlement agent) and to increase securities transaction settlement efficiency

• Kegiatan workshop dan focus group discussion dengan AK terkait final requirement implementasi institutional delivery

Workshop and dan focus group discussion activity with CM related to final requirement of institutional delivery implementation

• Penyusunan desain sistem sedang dalam proses

System design formulation still on progress

56% *)

Tema Strategis / Strategic Theme