| Equities |
| Q: | What is the function of SLB? |
| A: | As a facility to anticipate share delivery default in the settlement of a stock exchange transaction and as a facility for trading strategy, among others, short selling |
| Q: | What SLB facilities are available in the website? |
| A: | To further boost Securities Lending and Borrowing transactions, KPEI takes the initiative to provide a number of Securities Lending and Borrowing facilities, some for all and some for part of all Securities Lending and Borrowing participants (due to restrictions). Among the facilities is the direct information facility for those lenders that have registered to KPEI to receive such a facility. This utility informs lenders on borrows currently requesting to borrow. This service is hoped to further encourage lenders in involving themselves in Securities Lending and Borrowing transactions. current Lendable Deposit facilities and requests for borrowing. This can be observed in the Lending and Borrowing Activities page. This page is first to appear upon access to the official KPEI SLB site as to put forward customer satisfaction. |
| Q: | How long are the minimum and maximum period in SLB? |
| A: | Minimum period : 1 day
Maximum period : 90 day |
| Q: | How much fee should the borrower pay? |
| A: | (Lending Volume x Close price x bf) / 360 per day added with flat fee : 20.000 |
| Derivatives |
| Q: | What is the Payment Bank? |
| A: | Q : What is the Payment Bank?
A: The payment Bank is the commercial Bank which designated by KPEI to carry out all payment orders and other matters in relation to the payment of the Exchange Transaction. |
| Q: | What is a Exchange Member’s Settlement Account ? |
| A: |
Q: What is a Exchange Member’s Settlement Account
A: Account on behalf of Exchange Members used at the Payment Bank for any payments relation to the Exchange Transaction. |
| Q: | What is the KPEI Settlement Account? |
| A: | Q: What is the KPEI Settlement Account?
A: Account behalf of KPEI in Payment Bank which is using by KPEI in relation to the Exchange Transactio |
| Q: | What is a Clearing Member? |
| A: | Q: What is a Clearing Member?
A: Clearing Member is Stock Exchange Members who meet the regulations and requirements of KPEI to obtain Clearing and Guarantee Settlement services. |
| Q: | What is Guarantee? |
| A: | Q: What is Guarantee?
A: Guarantee is assurance of compliance with the settelement of Exchange Transaction. |
| Q: | What is a Guarantee Fund ? |
| A: | Q: What is a Guarantee Fund ?
A: The guarantee fund is a fund which shall be deposited by each Clearing Members with the following provisions:
1. Deposit Guarantee Fund amounted to 0.01% (zero point zero one
percent) of the value of each Exchange Transaction.
2. The guarantee fund shall be deposited by clearing members to the
KPEI account on the day of Exchange Transaction completion.
3. Guarantee Fund are recorded separately by KPEI.
4. Guarantee Fund administered by KPEI to ensure fulfillment of
obligations of the Clearing Member after the collateral received on
securities and rights or money, and other collateral and the Clearing
Member Guarantee Reserve, is insufficient to meet obligations of
KPEI’s Clearing Member.
|
| Q: | What is the Guarantee Reserve? |
| A: | Q: What is the Guarantee Reserve?
A: Guarantee Reserve is the accumulation of funds derived from the provision of KPEI operational surplus in cash or equivalent that are used to finance the Exchange Transaction Settlement Guarantee. |
| Q: | Whom can become members of the KPEI Committee? |
| A: | Q: Whom can become members of the KPEI Committee?
A: Members of the Committee for Credit and Risk Control KPEI consists of 5 (five) directors of Clearing Members who are not affiliated with each other and were able to settle the Exchange Transaction at least 0.2% (zero point two percent) of the total frequency and value of Stock transactions in KPEI during 12 (twelve) months and has a license and experience as an investment manager and has a net income of the fund they manage on 1 (one) last year. |
| Q: | What is ACS? |
| A: |
Q: What is ACS?
A: ACS (Alternate Cash Settlement) is the cash applied to Clearing Members which have failed in fulfilling its obligation to deliver certain securities of settlement of exchange transactions. The value of ACS is 125% from the highest price for the same effect that occurs at regular market; immediate market and cash market, which is due for settlement on the same date.
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