Collateral Online
Online Collateral that can be accepted by IDClear consists of collateral in the form of cash, bonds, stocks and exchange-traded fund (ETF). Collateral can be cash in IDR currency or non-IDR currency (which is allowed in accordance with IDClear provisions) placed in collateral account without any restrictions on the amount of funds pledged. Meanwhile, bonds that can be pledged as collateral are government bonds issued by the Government of Indonesia and corporate bonds with minimum rating BBB listed on IDX and has been administered in KSEI. For stocks and mutual funds (ETF) which can be collateralized in IDClear are all of stocks and ETF listed on IDX and ETFs traded on the IDX. Specifically for collateral in the form of securities, KPEI establishes certain parameters such as collateral restrictions in order to minimize collateral concentration and market risk. The restriction is in the form of percentage of outstanding shares and IDR absolute value.