KPEI obtain status as a legal entity on September 24, 1996 with the approval of the Minister of Justice of the Republic of Indonesia. Two years later, on June 1, 1998, the Company received a business license as a Clearing Guarantee Institution based on the Decree of Bapepam. Kep-26/PM/1998.
In 2000 with the implementation of Scriptless Trading, KPEI as Clearing improve the quality of its services by launching service e-Clears ® in July 2000. KPEI until now always develop themselves to provide the best service for the Indonesian Capital Market.
Scope of Clearing Activities
- Implement the clearing of all transactions for the Exchange to product Equities, Derivatives and Bonds on the Stock Exchange in Indonesia.
- Implement the process of determining the rights and obligations arising in Klirng Member Exchange Transactions
- Implement underwriting settlement of Exchange Transactions for equity and derivative products.
- Provide certainty for the fulfillment of the rights and obligations of the Clearing Member arising from stock transactions.
Clearing process is a process of determining the rights and obligations of the Clearing Member (AK) arising from securities transactions done on the Exchange. The purpose of the clearing process is that each AK knowing the rights and obligations in the form of securities or cash that must be completed on the date of settlement of Exchange Transactions.
KPEI provide underwriting services for the settlement of Exchange Transactions on the Stock Exchange trading AK. Service assurance is the fulfillment of services to provide certainty of rights and obligations arising from AK Exchange Transactions. In other words underwriting function aims to provide certainty for the implementation of the Exchange Transaction AK who has fulfilled its obligations, the certainty of completion time, decrease the frequency of failure of settlement of transactions, and ultimately enhance investor confidence in capital markets to trade in Indonesia.
KPEI provide Securities Lending and Borrowing (SLB) with the aim of helping to meet the needs of AK temporary effects to avoid failure of settlement of Exchange Transactions.
KPEI as a Clearing Guarantee Institution has the function as the Central Counterparty (Partner countervailing Central), which ensures the completion of transactions on stock exchanges.
Jobs Vacancy November 2011 PT Kliring Penjaminan Efek Indonesia
Acting as the Central Counterparty, KPEI implement a novation clearing where the legal relationship between the Clearing Member that creates certain rights and obligations of stock exchange transactions are done, turn into a legal relationship between Clearing Member concerned with KPEI.
PT Indonesian Clearing and Guarantee Corporation (KPEI) is currently hiring for the position as:
Risk Analyst Job locations at Jakarta - Indonesia
Qualification :
- Minimum Bachelors degree from reputable universities in Finance, Economics or Risk Management;
- Minimum GPA: 3.00 (scale : 4.00)
- Age maximum 28 years old
- Good written and spoken in English
- Have certificate, experience, and familiar in Capital Market activities is an advantage
- Excellent analytical and systematical skills
- Highly motivated and initiative
- Achievement of excellence
- Willing to work hard and under pressure
- Be able to work in a team environment
- Fresh graduate is welcomed
Human Resources Department
PT. Kliring Penjaminan Efek IndonesiaIndonesia Stock Exchange Building Tower I, 5th Floor
Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190
Email: recruitment@kpei.co.id
<---Official Source--->
Note: Acceptance of applications will be closed on 25 November 2011.