KSEI Appoints 23 Customer Fund Account, Payment Banks to Facilitate Investors
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22 July 2024 08:11 WIB
TEMPO.CO, Jakarta - The Indonesian Central Securities Depository (PT KSEI) signed a collaboration with 23 banks to appoint them as Customer Fund Account’s Administrator Banks and Payment Banks for the period 2024-2029.
KSEI Director Samsul Hidayat said the banks are appointed through an extensive and transparent selection process. "One of the highlighted factors is the ease of investors’ access to the capital market, starting with opening an account to the transaction process,” said Samsul in an official statement quoted on Sunday, July 21, 2024.
This year, the banks appointed by KSEI will act as both Customer Fund Account Administrator Banks and Payment Banks in a move diverging from its previous cooperation with 15 banks.
In doing so, the banks could carry out their function to settle securities transactions in the capital market and provide an alternative for providing intraday facilities to securities companies," Samsul said.
As of June 2024, said Samsul, there are a total of 13 million investors in the capital market with an average daily transaction settlement of Rp12.3 trillion. The average investor growth since 2020 has been recorded at 38.7 percent per year.
The list of 23 banks appointed 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 Internasional
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 Permata
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 collaboration does not only show business cooperation between the capital market industry and Indonesia’s banking industry. The cooperation also showcases the synergy between supporting development, market deepening, and increasing financial inclusion through additional investors in the capital market.
"Hopefully the cooperation with 23 banks can strengthen the foundation to build and advance the Indonesian capital market going forward,” said Inarno.
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