Straight Through Processing Straight Through Processing (STP) (STP) Development Concept & Roadmap Development Concept & Roadmap Indonesian Central Securities Depository (KSEI) Indonesian Central Securities Depository (KSEI) Indonesian Central Counterparty (KPEI) Indonesian Central Counterparty (KPEI)
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Straight Through Processing (STP) Development Concept & Roadmap Indonesian Central Securities Depository (KSEI) Indonesian Central Counterparty (KPEI)
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Straight Through Processing Straight Through Processing (STP)(STP)
Development Concept & RoadmapDevelopment Concept & Roadmap
Indonesian Central Securities Depository (KSEI)Indonesian Central Securities Depository (KSEI)
Indonesian Central Counterparty (KPEI)Indonesian Central Counterparty (KPEI)
2
AGENDAAGENDA
STP Background1
Business Process Identification2
KSEI & KPEI Initiatives 3
3
Ready to HandleMarket Growth
Ready to HandleMarket Growth
BACKGROUNDBACKGROUND
IncreaseTransaction
(Volume, Value, Frequency)
Various Products:Equity, Fixed Income,
DerivativesSocialization/
Education
Global Trend :- Floor to remote to online trading-Direct Market Access (DMA) through Securities Companies-Cross border (cross listing, cross member, cross trading, cross clearing, cross settlement)
Volume Increase:Scripless
Complexity of Trade/Settlement
Processing
Issuer Growth
• Capacity Building •Market Infrastructure
STP Development
Business process improvement :- Business orientation & efficiency- Trading, clearing, & settlement mechanismRisk Management Improvement :- Effective Surveillance/Monitoring- Excellent/prudent business operation
Funding Issues- Funding cost (turn around transaction) Inefficiency