IDX Stock Loans in 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:

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 specifically, eligibility turns on where the name sits in the market’s liquidity and on its sector. LQ45 and IDX30 constituents — the large banks, telecoms and natural-resources issuers that lead the exchange — carry the free float and daily turnover that support a higher loan-to-value; Development Board and Acceleration Board lines are financed more selectively. Sector matters as much as size: foreign-ownership ceilings in banking, mining and media constrain who may hold the shares on enforcement, so the structure is shaped around that from the outset. Shares are scripless and held through KSEI, which sets when the pledge is perfected.

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 →