Country Report KPEI Indonesia Clearing and Guarantee Corp

Country Report – KPEI (Indonesia Clearing and Guarantee Corp) 11 th General Meeting Asia Pacific of CSD Group 2 -4 th September 2007, Beijing, China Central Counterparty by Your Side

Progress Report 1. Reengineering in the current settlement process • Continuous Settlement • • Trading Limit 30’ • • Frequency of settlement is increased every 30’ Frequency of trading limit update is increased every 30’ SLB modules • More functions are embedded in the current SLB system 2. Enchancement of current Risk Management System • • Risk Management in the Clearing member level Membership Stratification The 11 th General Meeting of Asia Pacific CSD Group Country Report - KPEI

Progress Report 3. SLB Statistics Year 2004 2005 2006 2007 (July) Freq 49 203 373 436 28, 292, 000 USD 9 million 131, 485, 500 USD 18, 6 million 76 79 Volume Value Member The 11 th General Meeting of Asia Pacific CSD Group 803, 435, 000 1, 872, 085, 000 USD 244, 9 million USD 356, 3 million 90 92 Country Report - KPEI

Progress Report Impact to Market Membership Stratification Straight Through Processing (STP) Risk Mgt. Member Level Risk Mgt. (Multi Product/ Market) Trading Limit 30 Pre Netting mechanism Continuous Settlement SLB Modules Q 4 2007 Q 1 Q 2 Derivatives : - Option (Physical) - Futures (Multispec) Q 3 The 11 th General Meeting of Asia Pacific CSD Group Waiting for Approval Ready to LIVE System Development On Going (Depend on SX) Q 4 2008 Q 1 Q 2 Time Country Report - KPEI Concept Development BALL SIZE INDICATES THE SCALE OF CHANGES OF KPEI’S SYSTEM