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Definition

Definition. The capital market is the for securities, where companies and governments can raise longterm funds. It is a market in which money is lent for periods longer than a year. mode to bridge party that requires to lent fund long range with party that has to lent fund that. .

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Definition

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Presentation Transcript

  1. Definition • The capital market is the for securities, where companies and governments can raise longterm funds. It is a market in which money is lent for periods longer than a year. • mode to bridge party that requires to lent fund long range with party that has to lent fund that.

  2. is pertinent activity with: · Public offer and effect commerce, · Public firm that gets bearing with effect that be published, · Institute and profession that gets bearing with effect · (UU No.8 Yr. 1995)

  3. The capital market includes the stock market and the bond market. • Financial regulators, such as the, oversee the capital markets in their designated countries to ensure that investors are protected against fraud.

  4. The capital markets consist of the primary market and the secondary market. • The primary markets are where new stock and bonds issues are sold (underwriting) to investors

  5. The secondary markets are where existing securities are sold and bought from one investor or speculator to another, usually on an exchange.

  6. Capital Market Function • Longterm fund source • Investment alternative • Corporate capital restructuring tool • Tool to do divestasi

  7. What is Public Offer? Are effect offer activity that did by emiten (firm) to sell that effect to society

  8. Public Offer Process 1. Premiere market · Effect offer by sindikasiissue and sales agent bondman · Rationing · Effect hand over

  9. 2. Secondary market · Emiten lists its stock at Stock · Effect commerce at Stock

  10. Premiere market and secondary Market 1. Premiere market · Stock price makes a abode · Be not been put on commission · Strictly for stock buy · Ordering is done through sales agent · Circumscribed duration

  11. 2. Secondary market · Price fluctuates to correspond to market forces · Charged by commission · For buy and also stock sell · Ordering is done through stock member · Duration is not circumscribed

  12. Market type at Capital Market · Premiere market (Primary Market /Public offer / Initial Public Offering ) · Secondary market

  13. Stock exchange Are party that provide system or medium for effect commerce. • Stock exchange real equals another markets, which is where place its meets grocer and buyer. Just only, at stock exchange that is commercialized is effects (worth letter).

  14. In Indonesia : • Bursa Efek Jakarta • Bursa efek Surabaya

  15. Stock Role • Provide all effects trade medium (fasilitator) • Making regulation that gets bearing with stock activity • Endeavoring instrumental liquidity

  16. Preventing practice that prohibitted by stock (kolusi, formation which price factious, insider trading, etcetera) • Overspreading stock information (transparency) • Creating instrument and new service

  17. Stock Exchange liabilities • Turning over activity reporting to BAPEPAM • Establishing regulation about membership, registry, commerce, effect, kliring and stock transactions working out, and miscellaneous that gets bearing with stock activity • Having corrective team

  18. Emiten · Emiten is corporate one offer its effect to investor society via public offer · Effect already being sold to investor at Premiere Market can reselling among investor via Stock Exchange where that effect is noted (Secondary Marlet)

  19. Clearing's institute and Guarantee (LKP) · Are institute that even out kliring's service and working out guarantee stock rnsactions · Now evened out by PT Kliring Indonesian

  20. Effect Guarantee Stored institute and Working Out (LPP=LembagaPenyimpanandanPenyelesaian) · Are institute that even out kustodiansentral's activity at Bank kustodian, effect firm and other party. · Now evened out by PT KustodianSentral Indonesia Effect

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