Stock trading as a result of initial public offering is determined to be same with the Auto Rejection percentage as mentioned above.

For Warrant, bids and asks price of warrant will be processed through JATS Next-G with same price or more than the closing price of the underlying stock.

Reference Prices used to limit the highest and lowest offering price toward stocks entered into JATS Next-G at the Regular and Cash Markets are determined by the closing price of the previous closing date (Previous Price) on the Regular Market.

In a case that a Listed Company doing corporate actions, in 2 (two) consecutive Exchange Days after the end of equity trading that has right (cum periode) in Regular Market, the Reference Price used is the Previous Price of each market (Regular or Cash).

Transaction Settlement

Transaction settlements between the sellers and buyers in the Regular and Cash Markets are guaranteed by the KPEI.

• Transactions in Regular Market have to be settled on the third Exchange day after the trade (T+2).
• Transactions in Cash Market have to be settled on the same day as the trade (T+0).
• Settlement process in the Regular and Cash Market is carried out by the KPEI through the Netting process and book-entry on the Exchange Members' accounts in the Indonesian Central Securities Depository (KSEI).

If an Exchange Member fails to fulfill its obligations to deliver the securities as determined, it has to pay an Alternate Cash Settlement (ACS) amounted to 125% (one hundred twenty five percent) of that securities' highest price in:

• The Regular and Cash Market, which deadline of settlement falls on the same date; and
• The first session of the Regular Market at the settlement date.

Negotiated Market

The settlement date in the Negotiation Market is decided based on the agreement between the seller and buyer, and is settled Trade by Trade (without Netting). If the date has not yet been decided, the transaction settlement has to be settled on the third Exchange day after the trade (T+2) at the latest, or on the same day as the transaction (T+0), if the trade took place on the last day of pre-emptive rights trading.

The transaction settlements in Negotiated market sre settled by direct transfer accounts between the buyers and sellers and are not guaranteed by the KPEI.

Transaction Fees

For every transaction, the Exchange Members have to pay fees to the IDX, KPEI and KSEI based on the value of each transaction:

*Paid to the Exchange as compulsory contribution, in accordance to the prevailing provisions.

Transaction Fee above is exclude Exchange Members transaction fee.

Bond and Sukuk Trading Mechanism

Fixed Income Trading System (FITS) is Bonds and Sukuk trading facilities provided by Indonesia Stock Exchange (IDX). Bonds and Sukuk that can be transacted through FITS are Bonds and Sukuk listed on Indonesia Stock Exchange.

Bonds and Sukuk trading mechanism through FITS system is integrated between trading system for clearing and settlement, as in the above chart there are three different mechanisms, such as trading, clearing and settlement.

Bonsd and Sukuk trading activities through FITS system is supported by IDX trading regulations with the approval of Bapepam-LK, one of the clause is regulated about unit of trading (Lot Size), where unit of trading (Lot Size) is 1 Lot equal with value of Five Million Rupiah (1 Lot = 5 Million Rupiah) it’s based in framework of equity investors so that investors can own Bonds or Sukuk issued either by National Private Company or Government.

FITS system is using remote access method from Exchange Members offices, so Exchange Members can give service order (Buy or Sell) to its clients effectively and efficient.