Equities

Bilateral Securities Borrowing and Lending (Bilateral SBL) IDClear is a securities borrowing and lending activity based on an agreement between Bilateral SBL lenders and Bilateral SBL borrowers carried out through the Bilateral SBL Facility, and is one of the services provided by IDClear to participants in the context of fulfilling obligations to transfer securities or securities financing. The concept applied to Bilateral SBL services is transaction flexibility according to risk appetite, loan management and loan repayments, collateral management (mark to market, margin call, substitution) and handling of corporate activities.

The parties that can carry out Bilateral SBL transactions are:

• Lenders, consisting of Securities Companies, Custodian Banks, Indonesian Securities Funding, etc.
• Borrowers, consisting of Securities Companies, Custodian Banks, etc.

The added value that will be obtained by the participants in using Bilateral SBL services, namely:

• Loan instruments are broader, namely including shares and bonds;
• The amount of fees is based on the agreement of the participants who make SBL transactions;
• Bilateral SBL collateral that can be placed are shares, debt securities, sukuk, and cash;
• Number of share securities approval units based on agreement between participants (minimum 1 share);
• Securities returns can be made before the loan deadline;
• Enforcement of Margin Calls based on Mark to Market results for collateral;
• Provision of Bilateral SBL transaction data, both as a lender and as a loan recipient;
• Handling Bilateral SBL failure events (failure to submit reimbursement, manufacturing income, margin calls) with cash returns, NRC, collateral disbursements, penalties.