Central Securities Depository Of IRAN

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Brief Introduction

 

This Memorandum of Understanding between Central Securities Depository of Iran and Indonesia Central Securities Depository (KSEI) was signed by the CSDI Chief Executive Officer, Hamed Soltani Nejad and KSEI Chief Executive Officer, Heri Sunaryadi on 28 November 2013 at CSDI headquarters

 

 

 

Objectives

 

  • Identification and establishment of services and CSD operation systems
  • Exchange of personnel and information in framework of joint training programs 

 

 

An Introduction to Indonesia Central Securities Depository (KSEI)

 

The Indonesia Central Securities Depository (KSEI) is a Depository and Settlement Institution in the Indonesian Capital Market that provides organized, standardized, and efficient central custodian and securities transaction settlement services, in compliance to Law No.8 Year 1995 on the Capital Market. After its establishment in Jakarta on December 23, 1997, and receiving its business permit on November 11, 1998, KSEI became one of Indonesia’s Self-Regulatory Organizations (SRO) along with the Indonesia Stock Exchange (BEI) and the Indonesian Clearing and Guarantee Corporation (KPEI). KSEI started its operational activities in script-form securities transaction settlements on January 9, 1998, and took over the function of the Indonesia Securities Clearing Depository (KDEI) as the country’s Depository and Settlement Clearing Institution.

In 2000, KSEI and other SROs adopted scripless trading transactions and settlements for the Indonesian Capital Market, which was supported by KSEI’s main system, the Central Depository and Book Entry Settlement System (C-BEST). Realizing the rapid growth of transactions in our capital market, along with the advancement of technology systems, on August 8, 2018 KSEI initiated the sustainable development of its C-BEST system by launching the C-BEST Next Generation (Next-G) system as part of KSEI’s efforts to support the growth of the Indonesian Capital Market, especially in terms of increasing the total number of investors and transaction settlements.  

KSEI’s endeavor to increase investors’ trust was realized by adopting the mandatory use of Single Investor Identifications (SID) in 2012. SID as a single identification number for each investor not only simplifies the investor identification process but also became a foundation to develop other capital market advancements, such as the AKSes (Securities Ownership Reference) facility. In 2016, KSEI also implemented its Integrated Investment Management System (S-INVEST), which provides an integrated platform for the Indonesian Capital Market’s investment management industry. For this breakthrough, KSEI was awarded as the Best Central Securities Depository in Southeast Asia in 2016 by Alpha Southeast Asia magazine and propelled Indonesia as the first country in Southeast Asia to have an integrated investment management system. Optimism and dedication drives KSEI’s enthusiasm in advancing the Indonesian Capital Market. With the support of its shareholders; which include SROs (BEI and KPEI), Securities Companies, Custodian Banks, and Registrars; KSEI continues to push forward in improving its performance by implementing various initiatives and applicable researches that are continuously developed to match with current industry trends and market demands.

 

 

Joint Projects

 

  • KSEI Active Presence  At International Conference on Market Linkage Organized by CSDI

 

The 1st International Market Linkage Seminar was held in May 2013 at the CSDI headquarters in Tehran. The event was attended by top market executives from several Asian countries, including South Korea, Pakistan, Indonesia and board members of the Asia-Pacific CSD Group (ACG). KSEI's Director of Chief Executive Officer Ananta Wiyogo was among the keynote speakers at the event. 

 

 

CSDI, an ACG member since 2012, has become the grouping's board member since 2016. KSEI is also an ACG board member the fact that paved the way for joint cooperation between the two companies in various areas, especially the exchange of knowledge and experience and the promotion of multilateral cooperation between the member companies. 

 

 

CSDI and three Indonesian companies of KPEI, KSEI and SIGMA held a joint training workshop of in June 2014 with the presence of more than 20 elite CSD practitioners and experts from these three Indonesian companies in order to share their experience in implementing the new settlement system of CSDI during the event held at the company's headquarters in Tehran.

 

  • Cooperation on Standardization of Mutual Fund Pre/Post-trade Operations 

 

CSDI and KSEI are working jointly on the project of standardization of pre- and post-trade procedures for settlement operations of mutual funds, as well as on facilitating cross-border transactions related to the financial instrument in thirteen member countries of Asia Fund Standardization Forum (AFSF).