KSEI appoints 23 customer fund accounts and payment banks to facilitate investors

TIME.CO, Jakarta – The Indonesian Central Securities Depository (PT) KSEI) have entered into a cooperation agreement with 23 banks to appoint them as Administrator Banks and Payment Banks for the Client Fund Accounts for the period 2024-2029.

KSEI Managing Director Samsul Hidayat said the banks are appointed through an extensive and transparent selection process. “One of the factors highlighted is easy access of investors to the capital market, starting from opening an account to the transaction process,” Samsul said in an official statement quoted on Sunday, July 21, 2024.

This year, the banks designated by KSEI will act as both customer account managers and payment banks, a departure from the previous partnership with 15 banks.

“This will enable banks to perform their task of settling securities transactions on the capital market and provide an alternative to offering intraday facilities to securities companies,” Samsul said.

According to Samsul, as of June 2024, there are a total of 13 million investors in the capital market with an average daily transaction settlement of Rp12.3 trillion. The average growth of investors since 2020 has been recorded at 38.7 percent per year.

The list of 23 banks nominated by KSEI this year is as follows:

1. PT Allo Bank Indonesia

2. PT Bank BCA Syariah

3. PT Bank Capital Indonesia

4. PT Bank Central Asia

5. PT Bank CIMB Niaga

6. PT Bank DBS Indonesia

7. PT Bank Digital BCA

8. PT Bank Ina Perdana

9. PT Bank Jago

10. PT Bank KB Bukopin

11. PT Bank Mandiri

12. PT Bank Maybank Indonesia

13. PT Bank Mega

14. PT Bank MNC International

15. PT Bank Multiarta Sentosa

16. PT Bank Negara Indonesia

17. PT Bank OCBC NISP

18. PT Bank Panin

19. PT Bank Pembangunan Daerah Jawa Barat dan Banten

20. PT Bank Permanent

21. PT Bank Rakyat Indonesia

22. PT Bank Sinarmas

23. PT Bank Syariah Indonesia

Chief Executive of Capital Market Supervision, Derivative Finance and Carbon Exchanges of the Financial Services Authority (OJK) Inarno Djajadi added that the cooperation not only shows the business cooperation between the capital market industry and the Indonesian banking sector. The cooperation also shows the synergy between supporting development, deepening the market and increasing financial inclusion through additional investors in the capital market.

“Hopefully, the cooperation with 23 banks can strengthen the foundation to build and develop the Indonesian capital market in the future,” Inarno said.

ANNISA FEBIOLA

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