Guarantee funds are a collection of funds and/or securities administrated and managed by KPEI which is used to finance the Exchange Transaction Settlement Guarantee. Guarantee Fund does not belong to any particular party and is not distributed to anyone for any purpose except for the purpose of guaranteeing the exchange transactions settlement. The usage of the Guarantee Fund for exchange transactions settlement must be repaid by the Clearing Member which fails to fulfill its obligations to KPEI.
Guarantee fund collection comes from two (2) sources, the new Clearing Member’s initial contribution and Clearing Member contributions on the transactions value amounting to a certain percentage of the exchange transaction value. The Guarantee Fund value from the new Clearing Member initial contribution is set at Rp5,000,000,000,- (five billion rupiahs). This value is based on KPEI Rule Number II-3 of the Clearing Member. The determination of the value amount of the Guarantee Fund to a certain percentage of the exchange transaction value refers to the Indonesia FSA Rule Number 26/POJK.04/2014 and Indonesia FSA Circular Letter Number 23/SEOJK.04/2015 regarding the Guarantee Fund Contribution Based Transaction Value.
The Guarantee Fund contribution value for each product based on the Indonesia FSA Circular Letter above is as follows:
- The guarantee fund contribution based on transaction value for equity securities transactions amounted to 0.01% (one per ten thousand) of the value of each equity securities transaction
- The guarantee fund contribution based on transaction value for the index futures contract transaction, amounted to 0.0006% (six per one million) of the value of each Index Futures transaction
- The guarantee fund contribution based on transaction value for the debt securities and sukuk transaction, amounting to 0.00125% (one hundred and twenty-five per ten million) of the value of each Fixed Income and Sukuk transaction
- Guarantee fund contributions based on transaction value for equity options contract transactions amounted to 0.01% (one per ten thousand) of the Options contract value.
To access information on the Guarantee Fund value managed by KPEI up to the latest reporting period, click here