Equities

Sensitivity Analysis is an analysis conducted by IDClear to assess the changes in the collateral value of Clearing Members (AK) resulting from changes in risk parameters, which are performed monthly. This analysis is carried out to maintain the principle of prudence when applying changes to a risk parameter. In this analysis, information is presented regarding the sensitivity of haircut to changes in the value of Adjusted Net Working Capital (MKBD), collateral value, and exposure value. IDClear performs two types of sensitivity analysis, namely Haircut Sensitivity Analysis and Exposure Sensitivity Analysis.

Haircut Sensitivity Analysis is the analysis or simulation of changes in the haircut parameter of collateral and the conversion of haircut to MKBD to estimate the collateral and MKBD value of the AK for the following month. Meanwhile, Exposure Sensitivity Analysis is the analysis or simulation of changes in exposure per share to estimate changes in the AK's trading limit for the following month.