KSEI, Indonesia's Central Securities Depository, Selects Nasdaq's X-stream CSD Solution
(Thomson Reuters ONE) -
KSEI is Nasdaq's First CSD Customer in the Southeast Asia Region
JAKARTA, Indonesia and NEW YORK, Oct. 20, 2014 (GLOBE NEWSWIRE) -- The PT
Kustodian Sentral Efek Indonesia (KSEI), the central securities depository (CSD)
of Indonesia, and Nasdaq (Nasdaq:NDAQ), have signed an agreement for Nasdaq to
deliver X-stream CSD, to KSEI. The contract signed is for 10 years.
"This is a major step for KSEI in increasing the capacity and modernizing our C-
BEST CSD platform to boost our productivity, while delivering a functionally
rich performance, including functionality and information technology, to cater
to the anticipated rapid growth of Indonesian investors," said Heri Sunaryadi,
President Director, KSEI. "We strictly conducted the vendor selection process
based on the specifications and requirements needed. The development of C-BEST
Next-G is expected to accommodate the SWIFT message format of ISO 20022, which
can be implemented globally. This will facilitate KSEI to conduct Cross Border
Settlement with other countries in the future."
"For Nasdaq, partnering with KSEI is a very important milestone for our post-
trade business," said Lars Ottersgård, Executive Vice President, Market
Technology, Nasdaq. "As we look to expand this offering across all the world's
major markets, Indonesia will fully adopt this new X-stream technology to
bolster their role as the country's CSD, as well as positioning KSEI as a
potential regional player of the future. We are honored to share this journey
with KSEI and look forward to supporting their anticipated significant growth in
Indonesia's capital market in the years to come."
The X-stream CSD solution offers KSEI key functionalities such as asset and
custody management, trade and instruction capture, corporate action management
REPO's, settlement as well as SLB, in addition to multi-asset, multi-currency,
CSD linkages and multi-lingual services.
"Indonesia is Southeast Asia's largest economy with significant growth
prospects, including strong retail investor growth in numbers over the years to
come," said Robert Fröjd, Managing Director and Regional Manager, South Asia,
Southeast Asia and Pacific, Nasdaq. "This growth requires significant capacity
and scalability across the capital markets infrastructure, where KSEI plays a
key role as the only CSD in Indonesia. As Nasdaq sees strong demand for post-
trade technology, including CSD, across the Asia Pacific region, the KSEI
partnership is even more important to us."
Nasdaq's exchange technology, including trading, clearing, CSD and market
surveillance systems, is in operation in over 100 marketplaces across USA,
Europe, Asia, Australia, New Zealand, Africa and Middle East.
About PT Kustodian Sentral Efek Indonesia
Indonesian Central Securities Depository (KSEI) was established in Jakarta on
December 23(rd), 1997, and obtained its license as the Central Securities
Depository (CSD) on November 11(th), 1998. In the Indonesia capital market, KSEI
is one of the Self Regulatory Organizations (SRO), along with the Indonesia
Stock Exchange (IDX) and the Indonesian Clearing and Guarantee Corporation
(KPEI).
Since February 2012, KSEI along with other SROs have completed the
implementation of the Single Investor Identification (SID), Client's Fund
Account (Rekening Dana Nasabah or RDN) and AKSes (Acuan Kepemilikan Sekuritas)
Facility. AKSes Facility embodies the information transparency in Indonesia
capital market since its launching in 2009. Through the AKSes Facility,
investors can directly monitor their investment assets in KSEI's depository. As
an alternative to login, KSEI has also developed AKSes Mobile in 2012 as well
AKSes Facility Co-Branding through the ATMs of one of RDN bank administrators
which launched in July 2014.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology,
information and public company services across six continents. Through its
diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and
execute their business vision with confidence, using proven technologies that
provide transparency and insight for navigating today's global capital markets.
As the creator of the world's first electronic stock market, its technology
powers more than 80 marketplaces in 50 countries, and 1 in 10 of the world's
securities transactions. Nasdaq is home to more than 3,400 listed companies with
a market value of over $8.5 trillion and more than 10,000 corporate clients. To
learn more, visit www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to, statements about
NASDAQ OMX, and its products and offerings. We caution that these statements are
not guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
NASDAQ OMX's control. These factors include, but are not limited to factors
detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements.
NDAQG
CONTACT: Media Contact:
PT Kustodian Sentral Efek Indonesia
Zylvia Thirda
zylvia(at)ksei.co.id
(021) 5299 1062 (phone)
(021) 5299 1199 (fax)
Nasdaq
Ryan Wells
ryan.wells(at)nasdaq.com
+1 (212) 231-5541 (office)
+1 (646) 581-4286 (mobile)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1864012]
Unternehmensinformation / Kurzprofil:
Datum: 20.10.2014 - 04:00 Uhr
Sprache: Deutsch
News-ID 345110
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