ETP - Settlement

The settlement of ORI trading through ETP can be carried out from T+0 to T+7. Such determination is carried out when ETP Participants agree in the trading transaction process on IDX ETP system. The settlement of ORI trading on ETP is completed on KSEI C-BEST system and BI-SSSS.
Following is a further explanation:

  • Settlement on KSEI C-BEST:

NO DESCRIPTION
1 Client gives buying/selling order to ETP Participant.
2 ETP Participant conducts ORI buying/selling transaction on IDX ETP.
3 KPEI receives price and trade data from IDX and displays the data on ETP e-BOCS (Session I at 12.15 & Session II at 16.15).
4 ETP Participant may View Report Bond Transaction List and CRL Pre-Confirmation (pre- CRL ETP) as well as download the document through ETP e-BOCS (12.30 T+0, 19.30 T+1 – T+7).
5 ETP Participant performs the Create Trade Confirmation or Allocation Request to Settlement Agent with TFT vs TFT settlement method through ETP e-BOCS (T+0 & T+1(S+0) until 14.00, T+2 – T+7 until 16.00, S-1).
6 Settlement Agent performs the Create Trade Affirmation with TFT vs TFT settlement method through ETP e-BOCS (T+0 & T+1(S+0) until 14.00, T+2 – T+7 until 16.00 (S-1).
7 ETP Participant and Settlement Agent may View Report CRL (CRL ETP) and download the document through ETP e-BOCS (T+0 & T+1 until 14.15, T+2 – T+7 until 19.30, S-1).
8 KPEI creates the Settlement Instruction.
9 ETP Participant and Settlement Agent may download the Settlement Instruction through ETP e-BOCS and upload it to KSEI C-BEST (until 15.00).
10 KPEI will perform Synchronize Settlement status based on data sent by KSEI (16.15).
  • Settlement on BI-SSSS:
    NO DESCRIPTION
    1 Client gives buying/selling order to ETP Participant.
    2 ETP Participant conducts ORI buying/selling transaction on IDX ETP.
    3 KPEI receives price and trade data from IDX and displays the data on ETP e-BOCS (Session I at 12.15 & Session II at 16.15).
    4 ETP Participant may View Report Bond Transaction List and CRL Pre-Confirmation (pre- CRL ETP) through ETP e-BOCS (12.30 T+0, 19.30 T+1 – T+7).

    ETP Participants who perform settlements directly on BI-SSSS only use ETP e-BOCS function at this stage. The that is downloaded is only used as supporting document for ETP Participant in performing transaction settlement on BI-SSSS. Among the required data in is the CTP reference number.