Press Release: KSEI Conducted Socialization of Client’s Fund Account Separation

Published: Wed, Mar 9th 2011, 00:00 by: Kustodian Sentral Efek Indonesia

Solo, 9 March 2011 – PT Kustodian Sentral Efek Indonesia (KSEI) continued the local-scaled socialization to improve the ownership and application of AKSes Card.  Solo became the second socialization target this year after Palembang in the midst of last February.  In the event, which was held on Wednesday (9/3) at Hotel Novotel Solo, KSEI presented one of its Directors, Sulistyo Budi, as the main source person.  Other source people who accompanied Sulistyo Budi were Haryajid Ramelan (capital market practitioner), and Adrian Maulana (AKSes Card Ambassador).

In order to get AKSes Card ownership and application socialized, KSEI provided education to the media, staffs of Securities Companies, and capital market investors.  The materials comprised of AKSes Card function and benefit, as well as new regulations released by Indonesia capital market authority, Bapepam-LK.  Some of the new regulations released very much support KSEI’s efforts in creating a transparent and reliable Indonesia capital market industry.

On December 28, 2010, amendment has been made by Bapepam-LK on Regulation Number V.D.3 related to the obligation of separation of fund account owned by respective client from Securities Company’s.  Such provisions serve as important legal protection instrument for Indonesia capital market investors.  With such obligation, investors, as clients of Securities Company, are required to own fund account under their name separate from fund account of other clients or Securities Company.

The implementation of provisions concerning separation of client’s fund account becomes part of Single Investor ID development which will provide a bigger control to Indonesia capital market investors.  Preliminary step for the implementation of fund account separation has been performed by KSEI with 4 (four) bank: : PT Bank Central Asia Tbk, PT Bank CIMB Niaga Tbk, PT Bank Mandiri (Persero) Tbk, and PT Bank Permata Tbk, under Cooperation Agreement of Client’s Fund Account Separation signed on last March 3, 2011.

Sulistyo Budi asked Securities Companies to support the implementation of such separation of client’s fund account.  “We encourage all Securities Companies to immediately open fund accounts for their clients.  It is not only the mandate of Bapepam-LK Regulation, but it can give an ease to Securities Companies’ clients to check their cash funds, and finally, it will increase the credibility of the concerning Securities Companies for upholding the transparency principle,” explained Sulis, his nickname.

“AKSes Card feature will get comprehensive by implementing separation of clients’ and Securities Companies’ fund account.  It will be easier for the investors to check the investment portfolio.  We hope AKSes Card turns out to be one of the public needs when investors make investment in capital market,” added Sulis when explaining the benefits investors might get through separation of clients’ and Securities Companies’ fund account.

Haryajid Ramelan gave different point of view concerning the function and benefits of AKSes Card.  “For investors, AKSes Card can be assumed as Investors’ Healthy Card.  They can check their investment health condition, and portfolio history.  When they find unhealthy portfolio, they can replace it with a healthy one,” said Haryajid, who is also the President Director of PT Capital Bridge Indonesia.

“The existence of AKSes Card also ancourage Good Corporate Governance implementation in Securities Companies.  They are required to conduct transparency principle.  Then, investors can see which Securities Company has applied Good Corporate Governance providing trust on the security of investment portfolio data,” added Haryajid when explaining the benefits of owning AKSes Card to investors.

Similar to Sulistyo Budi, Adrian Maulana, affirmed the importance of owning AKSes Card to investors.  “In my point of view, it’s not the right time for investors not to take advantage of AKSes Card.  The AKSes Card feature cannot be applied for transaction, but it can help the investors to manage their investment portfolio.  If I find investors who do not know or have AKSes Card yet, I’ll suggest them to directly go for it from their Securities Companies.  If they find problems, they can contact KSEI Call Center.  KSEI will help them to get AKSes Card,” said Adrian, the AKSes Card Ambassador.

Solo took the 19th rangking of the biggest total Sub Securities Account recorded in KSEI.  With 18 Securities Companies operating, there were 3,089 Sub Securities Accounts recorded in KSEI.  From those figures, 619 were AKSes Card owners in Solo and surroundings.  KSEI keeps trying to improve the ownership of AKSes Card up to 100% at the end of 2011.  For that purpose, KSEI is committed to help Securities Companies to implement Bapepam-LK Regulation which requires them to provide AKSes Card to their clients.  KSEI also reminds investors of AKSes Card owners to login immediately and actively check their Securities and fund portfolios regularly as an early detection against misapplication of Securities portfolio by unauthorized party.

AKSes Card is a form of investor protection providing positive image toward Indonesia capital market industry.  As the pioneer of Single Investor ID, AKSes Card issued by KSEI is expected to become an initial step for creating conducive climate for investors to invest more actively in Indonesia capital market.  For more information and complaint about AKSes Card, please contact Call Center 021-515.2855, Toll Free 0800.186.5734 or email to akses@ksei.co.id.

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PT Kustodian Sentral Efek Indonesia

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