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IndonesiaJakartaOJKIDR

IDX Block Trade in Indonesia

Block-trade financing and discreet execution for large lines listed on Indonesia Stock Exchange (Bursa Efek Indonesia) (IDX) — Indonesia principal cash-equity venue.

01 · Process
How it works

From enquiry to print.

StageWhat happensTiming
01Confidential enquiryThe line, the holding and the objective, shared through a secure channel.Day one
02Pricing the blockThe line is sized and a price set against it; any discount reflects size and liquidity.1–2 days
03Execution & printWorked off the order book or negotiated, then printed under the exchange’s block-trade rules.On the day
04Settlement & disclosureSettles on the standard cycle; any substantial-holding disclosure is sequenced around the print.T+1 / T+2
02 · The Market
Asia

About Indonesia Stock Exchange (Bursa Efek Indonesia).

Indonesia Stock Exchange (Bursa Efek Indonesia) is the principal cash-equity venue of Indonesia. Founded in 2007 (merger of JSX and SSX; predecessors from 1912), it operates under the oversight of Otoritas Jasa Keuangan (OJK), and its leading benchmarks are Jakarta Composite Index (IHSG), LQ45, IDX30. Listing standards are set out in the IDX Listing Rules; OJK regulations.

IDX at a glance:

Listed venueIndonesia Stock Exchange (Bursa Efek Indonesia)
RegulatorOtoritas Jasa Keuangan (OJK)
CurrencyIDR
SettlementT+2
Disclosure threshold5%
Principal indicesJakarta Composite Index (IHSG), LQ45, IDX30

Indonesia’s principal equity venue, led by banking, telecoms and natural-resources issuers. Foreign-ownership ceilings in regulated sectors such as banking and mining bear directly on what can be pledged and how the structure is shaped.

On IDX a block is placed through the Negotiated Market, where Exchange Members report a price agreed by direct negotiation rather than one struck against the Regular Market’s auto-rejection band, and settlement runs trade-by-trade through KSEI without netting. The large IHSG, LQ45 and IDX30 names absorb size against real daily turnover; thinner Development and Acceleration Board lines are worked with more care. Where the transfer crosses 5% or shifts a substantial holding, OJK reporting follows, and in regulated sectors the foreign-ownership ceiling is confirmed before the line changes hands.

03 · Eligibility
For Institutional Positions

What qualifies on IDX.

IDX is an established but selective venue; we weigh eligibility against the stock’s liquidity, free float, and how concentrated the holding is.

For any given IDX position, our review looks at: free float and daily traded volume against the size of the transaction; your status (controlling shareholder, director, substantial shareholder) and the disclosure that follows; the issuer’s sector and listing segment; and what the transaction must do (LTV, tenor, currency, recourse, custody).

04 · Disclosure
OJK

Framework cited on IDX.

The principal regulatory reference on IDX is OJK Regulation No. 60/POJK.04/2015. How it applies to any single transaction — reporting levels, step thresholds — turns on the underlying rules and national-law overlays, which we map against your contemplated transaction at the structuring stage alongside the counsel you appoint.

The citations above are public regulatory references, given for orientation only and not as legal advice. Take independent legal advice in the relevant jurisdiction for any specific transaction.

See the full process →

05 · FAQ
IDX · Block Trades

What holders ask about IDX.

01How does a block trade settle on IDX?
A block is agreed on IDX’s Negotiated Market and settles trade-by-trade through KSEI’s C-BEST system, without netting, on a date the two sides agree rather than the standard Regular Market cycle. The price is set by direct negotiation. Black Haven can take the line onto its own book, giving the seller a firm, documented exit while the substantial-shareholder reporting is managed around the print.
02How is a block printed on IDX?
The block is negotiated off the order book and then reported to Indonesia Stock Exchange (Bursa Efek Indonesia) under its rules. The structure preserves discretion until the print.
03Which IDX segments do you handle?
All principal segments Indonesia Stock Exchange (Bursa Efek Indonesia) runs: Main Board; Development Board; Acceleration Board. The more liquid tiers are simpler to execute.
04Does large-holding disclosure apply?
Depending on the size and the seller’s standing, yes — under OJK Regulation No. 60/POJK.04/2015. We manage the timing and wording.
05What is the substantial-holding threshold on IDX?
The principal level is 5%, under OJK Regulation No. 60/POJK.04/2015. A crossing by a significant holder is notifiable; we manage the timing and wording around the print.
06How does a IDX block settle?
The block is reported to Indonesia Stock Exchange (Bursa Efek Indonesia) under its rules and then settles on the standard T+2 cycle. We coordinate the print, settlement and any financing.
07Can you handle a block for an offshore seller on IDX?
Yes. The line is held with a qualified custodian and printed to Indonesia Stock Exchange (Bursa Efek Indonesia); we manage cross-border custody, settlement and disclosure.
06 · Other Venues
Indonesia

Other venues.

Hong Kong · Japan · China · South Korea · Taiwan · Singapore

Indonesia overview →

A particular IDX holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.