Bank Indonesia (BI) acts as a central registry in conducting the registration, clearing, settlement, payment, and redemption of government securities. BI appoints a bank or financial institution as the sub-registry to operate as custodian for individual customer accounts.

To administer transactions for government securities and Sertifikat Bank Indonesia (SBI), BI employs the Bank Indonesia- Scripless Securities Settlement System (BI-SSSS). This system is an information portal that facilitates electronic auctions and the settlement of government securities for market participants. The system is linked seamlessly to BI’s Real-Time Gross Settlement System. As a result, transactions are conducted on a delivery-versus-payment basis.

The main functions of the Indonesian Central Securities Depository (KSEI) are the registration of listed corporate bonds and management of depository accounts. KSEI also facilitates the settlement of securities from the Indonesian exchanges.

KSEI designed the Central Depository and Book-Entry Settlement System to carry out the electronic registration and settlement of securities, including shari’a bonds, multi-currency bonds, and promissory notes.

For securities transacted outside of the BI and KSEI systems, a transfer agent licensed by the Capital Market and Financial Institution Supervisory Board (BAPEPAM-LK) is contracted to maintain registry and custody records.