Indonesia Goes from T + 4 to T + 3

The Indonesian Self-Regulatory Organizations – namely, the Jakarta Stock Exchange (JSX), Surabaya Stock Exchange (SSX), Indonesian Clearing and Guarantee Corporation (KPEI), and Indonesian Central Securities Depository (KSEI) – agreed to switch to settlement on T + 3 from Monday this week, according to Citibank. Physical as well as paperless settlement will now follow a T+3 settlement cycle.