KSEI

What KSEI does

PT Kustodian Sentral Efek Indonesia (KSEI) is Indonesia's designated Central Securities Depository (CSD), operating as the exclusive clearing and settlement infrastructure provider for the Indonesian capital market under the regulatory oversight of the Otoritas Jasa Keuangan (OJK). Founded in 1997 and headquartered at the Indonesia Stock Exchange building in Jakarta, KSEI serves as a Self-Regulatory Organization (SRO) alongside the Indonesia Stock Exchange (IDX) and the Indonesia Clearing and Guarantee Corporation (KPEI). The company maintains relationships with 2,278 listed issuers, 107 securities companies, 34 custodian banks, and 23 RDN Administrator Banks.

KSEI's product portfolio centers on six interconnected proprietary systems: C-BEST (Central Depository and Book Entry Settlement System) for core securities depository, withdrawal, and book-entry settlement of exchange and OTC transactions; S-INVEST (Sistem Pengelolaan Investasi Terpadu) for integrated investment product transaction processing across mutual funds, REITs, and discretionary funds; AKSes.KSEI (Acuan Kepemilikan Sekuritas) as the securities ownership reference portal; K-CASH as the mobile application for IFUA fund management; eASY.KSEI for electronic bondholder and sukuk holder meetings; and SID (Single Investor Identification) as the unified identifier across all market participants. Together these systems manage the full securities lifecycle from registration through settlement and corporate actions.

KSEI generates revenue through a combination of one-time securities registration fees (Rp15,000,000 for standard securities; Rp3,750,000 for technology-based crowdfunding securities), transaction-based payment agent fees (0.05% of payment amounts with Rp2.5M-Rp10M caps), custodian services fees, corporate action distribution fees, and settlement fees. The company distributes exclusively through B2B channels, serving securities companies, custodian banks, and listed issuers directly, while reaching end-investors through intermediary financial institutions and digital platforms. KSEI is expanding into commodity-backed products via a partnership with PT Pegadaian for Electronic Gold Receipts and Gold ETFs (H2 2026), and has built international cooperation with 10 foreign CSDs including Kazakhstan, Russia, and Sri Lanka.

Name

KSEI

Legal name

PT Kustodian Sentral Efek Indonesia

Website

https://ksei.co.id

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

KSEI is Indonesia's designated Central Securities Depository, providing exclusive securities depository, settlement, and corporate action services to 2,278 issuers, 107 securities companies, and 34 custodian banks under OJK regulatory oversight since 1997.

Ownership category

akta.pro rank

Product category

Capital Market Infrastructure (Central Securities Depository)

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

National CSDs & Domestic Settlement Systems (FSAFAGAA)

akta.pro secondary industries

Central Securities Depositories (CSDs) & Settlement Systems (FSACAHAA), CSD Asset Servicing (Income, Redemptions, Tax Withholding) (FSAFAGAH), Central Securities Depository (CSD) & Securities Settlement Services (FSAAAOAD)

Keywords

• Central securities depository
• Transaction settlement services
• Corporate action administration
• Securities custody services
• Investment infrastructure

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Securities Registration Fee: One-time fees charged for initial registration of securities in C-BEST system. Fees vary by security type: standard securities registration at Rp15,000,000 per registration; securities offered via technology-based crowdfunding services at Rp3,750,000 per registration.
2. Payment Agent Service Fee: Fees charged for payment agent services when executing interest payments, profit-sharing income, or other income distributions including entitlements from EBUS, Fixed Cash Flow EBA-SP, and Fixed Cash Flow EBA. Calculated as 0.05% of total payment amount with minimum Rp2.5 million and maximum Rp10 million per payment execution.
3. Custodian Services Fee: Fees for central securities depository services including securities deposit, withdrawal, and reconciliation services provided to account holders (securities companies and custodian banks).
4. Corporate Action Services: Fees for corporate action distribution services including cash dividends, rights distributions, and other entitlements credited directly into securities accounts.
5. Transaction Settlement Services: Fees for settlement of exchange transactions (based on KPEI instructions) and over-the-counter transactions (based on account holder instructions), including DVP/RVP and DFOP/RFOP services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

KSEI operates as Indonesia's sole Central Securities Depository (CSD), providing electronic securities depository converting physical certificates to electronic records, book-entry settlement (DVP/RVP, DFOP/RFOP) for exchange and over-the-counter transactions, corporate action administration including dividend and rights distributions, custodian and reconciliation services, and integrated investment product transaction processing. The company delivers these services through five proprietary electronic platforms (C-BEST, S-INVEST, K-CASH, AKSes.KSEI, eASY.KSEI) to securities companies, custodian banks, and listed issuers, while end-investors access services through intermediary institutions.

Product overview

PT Kustodian Sentral Efek Indonesia (KSEI) operates as Indonesia's Central Securities Depository, providing comprehensive infrastructure services for the Indonesian capital market. The company's product portfolio centers on five interconnected core systems: AKSes.KSEI serves as the web-based securities ownership reference portal providing investor account information; K-CASH is a mobile application enabling fund management and investment transactions; C-BEST handles the core depository and book-entry settlement functions; S-INVEST provides an integrated platform for investment product transactions and reporting; and eASY.KSEI facilitates electronic shareholder/meeting services. Together, these systems enable end-to-end securities lifecycle management from registration through corporate actions.

Differentiator

Problem solved

Functional benefit

Brands

• K-CASH: Mobile application system for managing funds in IFUA and accessing investment products and KSEI services
• AKSes.KSEI
• C-BEST
• S-INVEST
• eASY.KSEI

Products and services

• C-BEST (Central Depository and Book Entry Settlement System) Electronic system providing securities deposit, withdrawal, reconciliation, and book-entry settlement for both exchange and over-the-counter transactions. Processes DVP/RVP (Delivery/Receive Versus Payment) and DFOP/RFOP (Delivery/Receive Free of Payment) settlement instructions, and handles corporate action distributions for securities companies and custodian banks.
• S-INVEST (Sistem Pengelolaan Investasi Terpadu) Integrated electronic platform combining order routing transactions, post-trade processing transactions, and reporting for the investment management industry. Covers mutual funds, Real Estate Investment Trusts (REITs), and discretionary funds, used by mutual fund selling agents and investment managers for end-to-end transaction processing.
• K-CASH Mobile Application Mobile application enabling efficient fund management at IFUA (Investor Fund Unit Account), providing access to investment product information, fund transfers, and mutual fund unit subscriptions. Features three-layer security including SSL encryption, User ID/Password authentication, and PIN verification. Targeted at individual investors accessing capital market services through their intermediary securities companies.
• AKSes.KSEI (Acuan Kepemilikan Sekuritas) Facility providing information on the ownership of securities and/or funds recorded in Securities Accounts, Investor Fund Unit Accounts (IFUA), and Investor Cash Accounts, along with other capital market related information. Linked to the Single Investor Identification (SID) system for single-identifier access across the Indonesian market.
• eASY.KSEI (Electronic General Meeting System) Electronic system enabling issuers to conduct General Meeting of Bondholders (RUPO) and General Meeting of Sukuk Holders (RUPSu) electronically, eliminating the need for physical meetings. Used by listed companies issuing bonds and sukuk for shareholder and bondholder voting and communications.
• Securities Registration Service (Pendaftaran Efek) One-time registration service for initial listing of securities in the C-BEST system. Standard securities registration is charged at Rp15,000,000 per registration; securities offered via technology-based crowdfunding services are charged at Rp3,750,000 per registration. Available to listed issuers and securities offering platforms.
• Payment Agent Service Service for executing interest payments, profit-sharing income, and other income distributions including entitlements from EBUS (Efek Beragun Aset Surat Utang), Fixed Cash Flow EBA-SP, and Fixed Cash Flow EBA. Fee calculated as 0.05% of total payment amount, with a minimum of Rp2.5 million and maximum of Rp10 million per payment execution.
• SID (Single Investor Identification) Unique single investor identification code issued by KSEI enabling investors to be identified consistently across all Indonesian capital market activities. Functions as the foundation for AKSes.KSEI ownership tracking and cross-platform investor identification.

Quantifiable outcome

• Processed millions of securities transactions through C-BEST settlement system
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• PT PegadaiancoreStrategic or Co-development Partner · 12 June 2026PT Pegadaian signed a Cooperation Agreement (PKS) to become an official KSEI Account Holder, marking a new milestone for the national economy with the implementation of Electronic Gold Receipt (EGR) and Gold ETF in the Indonesian capital market in H2 2026.
• Kazakhstan Central Securities Depository (KCSD)coreStrategic or Co-development Partner · 23 September 2025KSEI signed a Memorandum of Understanding (MoU) with Kazakhstan Central Securities Depository on September 23, 2025, in Almaty, Kazakhstan, coinciding with the World Forum of Central Securities Depositories 2025 (WFC2025). This represents KSEI's continued expansion of international cooperation with foreign central securities depositories.
• Russia Central Securities DepositorycoreStrategic or Co-development Partner · 19 May 2025KSEI expanded its 10th international cooperation with the Central Securities Depository in Russia, continuing its strategy of building global CSD network connections.
• Sri Lanka's Central Securities DepositorycoreStrategic or Co-development Partner · 11 September 2024KSEI partnered with Sri Lanka's Central Securities Depository marking its 9th international cooperation expansion. The partnership enhances cross-border market connectivity and information sharing between the two depositories.
• PT Kliring Penjaminan Efek Indonesia (KPEI)coreStrategic or Co-development PartnerKPEI is the Indonesia Clearing and Guarantee Corporation, a Self-Regulatory Organization (SRO) that works with KSEI for exchange transaction settlement processing. KSEI receives settlement instructions from KPEI for C-BEST processing.
• PT Bursa Efek Indonesia (IDX/BEI)coreStrategic or Co-development PartnerIDX (Indonesia Stock Exchange) is the primary stock exchange and Self-Regulatory Organization (SRO) in Indonesia. KSEI collaborates with IDX on market infrastructure, transparency reforms, and publishing share ownership information.
• Otoritas Jasa Keuangan (OJK)coreStrategic or Co-development PartnerOJK is the Financial Services Authority that regulates KSEI as Indonesia's Central Securities Depository. KSEI operates under regulatory oversight of OJK and collaborates on capital market transparency and integrity reforms.
• IDXSTI (PT Indonesia Central Securities Depository Training Institute)minorOthersSubsidiary company focused on training and education services for capital market participants.
• PEI (PT Pemeringkat Efek Indonesia)minorStrategic or Co-development PartnerSubsidiary/affiliated company providing securities rating services in Indonesia.
• ACG (The Asian CSD Group)minorStrategic or Co-development PartnerKSEI is a member of ACG (Asian CSD Group), an association of central securities depositories in Asia for cooperation and knowledge sharing.
• ANNA (Association of National Numbering Agencies)minorStrategic or Co-development PartnerKSEI is a member of ANNA, the Association of National Numbering Agencies, for international securities identification standards.
• AECSD (Asia Pacific CSDs)minorStrategic or Co-development PartnerKSEI is a member of AECSD, the group of Asia Pacific Central Securities Depositories for regional cooperation.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Central Depository Services (India) Limited (CDSL): India's second central securities depository providing settlement, custody, and depository services to Indian issuers and intermediaries, directly comparable to KSEI in scope of services and emerging-market regulatory environment.
• PT Kliring Penjaminan Efek Indonesia (KPEI/IDClear): Indonesia's clearing and guarantee corporation that operates alongside KSEI as the other key capital market Self-Regulatory Organization (SRO), providing trade clearing and counterparty guarantee for exchange transactions that ultimately settle through KSEI's C-BEST.

Broad incumbents

• Hong Kong Securities Clearing Company (HKSCC): Operates as the central counterparty and securities clearing entity within Hong Kong Exchanges and Clearing, providing post-trade clearing, settlement, and depository functions analogous to KSEI's C-BEST role in Indonesia.
• Korea Securities Depository (KSD): Korea's central securities depository providing settlement, custody, and securities registration services as a non-profit market utility, structurally similar to KSEI as a designated national infrastructure provider under financial regulator oversight.
• National Securities Depository Limited (NSDL): India's largest central securities depository serving the vast majority of Indian capital market participants, structurally and functionally analogous to KSEI as a national CSD for a major emerging market, processing dematerialized settlement, corporate actions, and investor services.
• Depository Trust & Clearing Corporation (DTCC): The largest post-trade financial services provider globally operating the principal US securities depository (DTC), providing the global benchmark for CSD infrastructure capabilities that KSEI aspires to in scale, even though Indonesia serves a far smaller market.
• Japan Securities Depository Center (JASDEC): Japan's central securities depository handling book-entry transfer of stocks, bonds, and investment trusts, serving as a comparable Asian national CSD with similar functions to KSEI including corporate action processing and investor account services.

Emerging players

• Central Depository Company of Pakistan (CDC): Pakistan's central securities depository offering electronic settlement, custody, and investor services in an emerging market context, comparable to KSEI in market maturity, regulatory environment, and service scope including mutual fund and corporate action processing.

Regional players

• Thailand Securities Depository (TSD): Thailand's central securities depository within the Stock Exchange of Thailand group, providing settlement, custody, and registrar services to Thai securities companies and issuers - a Southeast Asian peer with similar mandate to KSEI within ASEAN.
• Central Securities Depository of the Philippines (PCDS): Philippine CSD providing settlement and depository services for the Philippine Stock Exchange, directly comparable to KSEI as a fellow ASEAN national securities depository serving a similarly structured emerging capital market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/officialksei
• YouTubeyoutube.com/@kustodiansentralefekindone9650
• Facebookfacebook.com/ksei.official
• LinkedInid.linkedin.com/company/kseiofficial
• Instagraminstagram.com/ksei.official/?hl=en
• TikToktiktok.com/@ksei.official?_t=ZS-8vnS4ID2neU&_r=1

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KSEI