In every matter related to government, there will certainly be institutions that are responsible for every problem that will be experienced in the field. In the capital market, it is the same, there are also institutions that regulate and solve problems from the capital market itself. One of them is KSEI or an abbreviation for PT Kustodian Sentral Efek Indonesia.  
 
KSEI is a Depository and Settlement (LPP) institution in the Indonesian capital market. KSEI is tasked with providing orderly, reasonable, and efficient custody and securities custody services as written in Law No. 8 of 1995 which discusses the Capital Market. KSEI began to be established in Jakarta on December 23, 1997 with a year later on November 11, 1998 obtaining a business license. To find out more about this KSEI, you can read the following article. But before that, you can fill out the Trader Assessment to consult with GIC about the trade that is being done.

KSEI Is?

As explained above, KSEI stands for PT. The Indonesian Central Securities Depository which is a Depository and Settlement (LPP) institution in the Indonesian capital market. KSEI is in charge of providing custodial services where the meaning of custodian itself is a term used to describe the provider of securities custody services and other related assets.
 
Therefore, the task of a custodian is risky, complicated, and requires a lot of funds, which makes it only owned by certain entities that can provide custodial services. These entities must be financially secure, have a large space, and include a high level of security. At a glance about this custodian, when you save any type of account, later the check will be able to be used for payment transactions and stored directly in this custodian.

The custodian will record a reference in the form of the customer's account number, which then the custodian will send regular notifications about the account so that you know what assets are being held by them. It should also be noted that this custodial financial institution imposes a service fee in protecting customer assets. KSEI represents the customer's or investor's account by arranging transactions within the scope related to the intention of obtaining dividends and interest as its rights.

They monitor the position and mutation of securities they own in securities sub-accounts at KSEI. This facility is obtained through KSEI Account Holders (or in this case securities companies) at the place where the registered investor is a customer. This will not be charged to both investors and KSEI account holders. Every investor has the right to obtain a means of accessing information through this internet network.

Please note, this institution has been registered as a self-regulatory organization (SRO), KSEI has co-existed with other institutions that you may already know about, such as the Indonesia Stock Exchange (IDX) and the Indonesian Securities Guarantee Clearing House (KPEI). KSEI has a regulation that they have issued, namely SID. This SID stands for Single Investor Identification as a unique identification number for its investors. This identity number will be required if you want to invest in the Indonesian Capital Market. After knowing KSEI itself, take the time to download the application of GIC Mobile on your Smartphone on the App Store or Play Store.

KSEI Main System

In an institution, of course, there will also be a main system that can be used by its users. After knowing what KSEI is, it's time for us to learn what are the main systems of KSEI itself. You can learn it in full through the article below.

C-BEST

Currently, PT Kustodian Sentral Efek (KSEI) has launched the latest generation of The Central Depository and Book Settlement System (C-BEST) or C-BEST Next Generation (Next-G). C-Best is an integrated electronic platform that has supported securities transaction settlement activities by book-entry since 2000, precisely at the time of the implementation of paperless trading in the Indonesian Capital Market. The launch of C-BEST Next-G is part of the development of the Indonesian capital market, especially in terms of increasing the number of investors and increasing the number of transaction settlements. C-BEST Next-G is planned to be able to accommodate approximately 10 million capital market investors. There are also features offered by C-BEST Next-G, including the storage of new types of securities such as perpetual debt securities and sharia special sub-accounts, there is also Electronic Prematching, and Client Securities Transfer Instructions or transfers between SREs (the same investor).

S-INVEST

In 2016, KSEI has implemented an integrated investment management system or commonly referred to as S-INVEST. S-INVEST makes the Indonesian capital market an integrated platform for the investment management industry. One of them is mutual fund products. This system aims to improve standardization, efficiency, and real-time monitoring of investment management industry activities. The use of this system is mandatory for market participants as stipulated in OJK regulation No. 28/POJK.04/2016 concerning the Integrated Investment Management System, so that all mutual fund transactions are required to use S-INVEST. S-INVEST includes 4 main modules, namely the Static Data module, Order Routing, Post Trade Processing, and Reporting. KSEI service users who use S-INVEST consist of Mutual Fund Selling Agents as distributors of mutual fund ownership units, Investment Managers as mutual fund investment managers, Custodian Banks as the party responsible for the administration and storage of mutual fund assets, and Securities Companies and Treasury Banks in terms of mutual fund underlying asset transactions in the Post Trade Processing module at S-INVEST.

Survey Pengguna GIC

What are the Duties and Functions of KSEI

In each institution, of course, there will be duties and functions that they have in their creation. As an institution in the capital market, KSEI also has its duties and functions. What and what are the duties and functions of KSEI itself, you can read through the article below.

KSEI Duties

This organization or institution has an important task in regulating the capital market, namely responsible for providing central custodial services and securities settlement in an orderly, efficient, and reasonable manner. In 2012, in an effort to increase investor confidence, KSEI made regulations for the ownership of Single Investor Identification (SID) as a single identity number for investors. Where, this SID will be needed to facilitate the investor identification process as well as the foundation for various other capital market developments, including the AKSes (Securities Ownership Reference) facility. In addition to carrying out their main duties such as depositing and settling securities transactions, KSEI continues to innovate to improve services as well as security and efficiency in the Indonesian capital market which will bring KSEI on par with similar institutions in the world. In addition to KSEI which has its own duties, you also have your own duties as GIC traders to invite friends or join IB affiliates and get various benefits and bonuses offered. 

KSEI Functions

The functions and benefits that you will get from KSEI itself are also many. Not only for investors, shareholders will also get the functions and benefits of this KSEI access. You can find its benefits and functions through the article below.
  1. Providing information that can be held accountable for its truth, in accordance with the provisions that apply to investors who are its customers.
  2. A means of communication in the delivery and presentation of information in the form of inquiries or reports for customers with accurate data.
  3. Reduce communication costs, printing costs, and report delivery costs.
  4. Open for further and more specific development according to the needs of account holders related to improving communication facilities between KSEI account holders and their customers.
  5. Access securities ownership and mutation data in sub-accounts (up to the last 30 days) in real-time.
  6. Have a sub-account that can be monitored at any time so that it can provide a sense of security.
  7. Presenting data and information transparently.
  8. Make stocks or other securities that you have bought will be stored safely in the event of bankruptcy or broker closure. So you can still sell it someday.
Meanwhile, you can also get the benefits of KSEI's AKSes facility for account holders. For information, those who are entitled to become account holders are Securities companies and Custodian Banks. The benefit that you can get is that you can provide information that can be accounted for in accordance with the provisions that apply to investors who are customers. In addition, there are benefits as a means of communication in delivering and presenting information for customers with accurate data directly. Furthermore, it can reduce communication costs, printing costs, and report delivery costs, as well as benefits. And lastly, it can openly provide further and more specific development according to the needs of the account holders. For those of you who are wondering about how safe the AKSes facility from KSEI is, you don't need to worry about its safety. Because this facility has received an in-depth and thorough examination by an independent consultant with the final result that the KSEI AKSes Facility is declared safe enough to operate. The check aims to ensure that all risks have been reduced to the lowest point as well as to avoid data errors when used by investors. Before finding out how to access KSEI, you can do a Preliminary Test to find out your ability to trade.

Preliminary Test

How to Access KSEI

As previously explained, KSEI has a product or facility called AKSes KSEI which is a service in the form of access to information for investors to monitor the position and mutation of securities they own in securities sub-accounts at KSEI. To access your account at KSEI, you can enter their official page on https://akses.ksei.co.id/. In addition, there is a way of working from KSEI itself. To understand this, what you must understand for the first time is the flow of stock management itself such as:
  1. Opening a securities account. When registering with a broker, the broker will open a securities account so that you can invest in it.
  2. The next thing to do is to open a sub-account and RDN. To make your first stock transaction, a sub-account and an RDN will be very necessary so this is mandatory to do. Each customer has a SID and SDN that cannot be used by others.
  3. Ownership of funds and shares to be obtained. Matters related to fund ownership and transactions are mutated through the investor's personal RDN. Meanwhile, share ownership and other securities are stored in sub-accounts. For those of you who don't know, this sub-account is the personal property of the investor himself without any connection with the broker anymore. And if something unexpected happens, such as a broker going bankrupt or going out of business, then the stocks you bought won't be lost.

How to Register for KSEI

For those of you who don't have an account and want to register for an AKSes KSEI account, you can follow the methods below.
  1. The first thing you have to do is go to https://akses.ksei.co.id/ then click the Register button in the upper right corner.
  2. Next, you can choose the type of registration. For those of you who are individual or individual investors, you can select the LOCAL INDIVIDUALS button.
  3. Then you will be directed to fill in personal data such as your full name, population identification number or NIK, mobile phone number, and also email. After that you can click the Next button.
  4. Once done, you will be redirected to an activation page that will display your information as an investor. If it's correct, you can click activate to get a link from your email. KSEI will send account activation to the email you have registered.
  5. Next, open your email and click on the link that has been provided by the AKSes KSEI email to activate.
  6. After that, you can create a password. Next, you click Activate My Account.
  7. Your KSEI AKSes account registration is complete and you can use the account so that you can see your investment portfolio in the capital market.
Trader Assessment

It is important for everyone to have an account from the Indonesian Central Securities Depository or KSEI. Apart from guaranteeing your shares, you can also get other benefits when using this KSEI. In addition, it's a good idea to fill out GIC's internal survey so that we can continue to improve our existing performance. Thus the discussion from GIC Indonesia regarding the explanation of what KSEI is. Don't forget to keep up with information related to banks, forex, and other finances, such as "Deputy Futures Brokers", only in the GIC Journal. Also make sure you deepen your forex knowledge at GIC Indonesia, via the scalping ebook, and also NFP live trading.