Securities administration - Indonesia
Income collection
Books Close datea | Basis for entitlement | Standard interest calculation rule |
Corporate debt instruments | ||
KSEI notifies the issuers of the list of entitled holders on Payment date -4. | Settled position on Books Close date | 360-day basis |
Government bonds | ||
BI notifies issuers of the list of entitled holders as of record on Payment date -2. | Settled position on Books Close date | 360-day basis |
Equitiesb, Warrants, Unit trusts | ||
KSEI notifies issuers of the list of entitled holders on Record date +1. | Settled position on Books Close date | Not applicable |
a. The date on which securities positions are fixed and holders are recorded as eligible to receive entitlements.
b. Payment date for dividend payments is generally 3-10 working days after Books Close/Record date.
Fixed income securities
Interest is paid on most debentures on a quarterly basis.
Equities
Dividends are paid annually in cash or securities. The peak season is May to September.
Corporate actions
Corporate action announcements are usually made by the company or by IDX a few days after the AGM.
Most common corporate events
The most common corporate actions in the Indonesian market are cash and stock dividends, rights issues (tradable and non-tradable), AGM/EGM and bonus issues.
Proxy voting
All registered investors, local and foreign, can vote. Votes can be exercised either in person or by proxy.