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Securities-Backed Lending
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Asia-Pacific One Exchange OJK Regulated IDR

Stock Loans Against Indonesia-Listed Equity

Institutional securities-backed lending against shares listed on Indonesia’s principal equity exchanges — for controlling shareholders, founders, and family offices holding positions on the OJK-regulated market. Locally, securities-backed lending of this kind is known as repo saham / gadai saham.

01 · The Country
Asia-Pacific

Indonesia equity markets.

The firm structures stock loans against shares listed on Indonesia’s one principal cash equity venue. The instrument allows founders, family offices, controlling shareholders, and concentrated single-stock holders to release liquidity against their Indonesia-listed position — without selling, and without disturbing voting control or the share register. Beneficial ownership remains with the borrower throughout. The full position is recovered on repayment.

Indicative terms are calibrated to the specific position. Loan-to-value is set against the underlying’s single-stock liquidity and free float. Tenor typically runs twelve to thirty-six months for institutional transactions. Recourse profiles span non-recourse, limited-recourse, and full-recourse — chosen against the borrower’s downside-protection objectives. Loans can be denominated in IDR or in cross-currency structures (USD, EUR, GBP, or another major currency) depending on the borrower’s redeployment requirements.

Indonesia stock loans at a glance:

Listed venueIndonesia Stock Exchange (Bursa Efek Indonesia)
RegulatorOtoritas Jasa Keuangan (OJK)
CurrencyIDR, with cross-currency options
Principal indicesJakarta Composite Index (IHSG), LQ45, IDX30
Tenor12–36 months (institutional)
Recourse profileNon-recourse, limited-recourse, or full-recourse
Loan-to-valueCalibrated per position

Regulatory references for any specific transaction are mapped at the structuring stage with the borrower’s chosen counsel. The information above is published for general orientation and is not legal advice.

02 · Exchanges
One Venue

Each Indonesia exchange, covered.

IDX · Jakarta

Indonesia Stock Exchange (Bursa Efek Indonesia)

The principal Indonesian equity venue. Index concentration in banking, telecoms, and natural-resources issuers; foreign-ownership caps in regulated sectors (banking, mining) shape eligibility and structure.

View IDX stock loans →
03 · FAQ
Indonesia Stock Loans

What people most often ask about Indonesia.

Q · 01 What is the typical loan-to-value for a stock loan against IDX-listed positions?
LTV on IDX is calibrated to the specific position. The principal drivers are the underlying’s free float, average daily trading volume, volatility, and the borrower’s regulatory profile. For a large-cap, high-volume IDX name, LTV is materially higher than for a thinly-traded or recently-listed position. A non-recourse structure runs at lower LTV than a full-recourse structure on the same underlying. Indicative ratios are issued only after a review of the specific IDX position; there is no published rate sheet.
Q · 02 Which IDX-listed segments are eligible for stock loans?
Eligibility is assessed case by case. The firm considers positions across the segments operated by Indonesia Stock Exchange (Bursa Efek Indonesia): Main Board; Development Board; Acceleration Board. Higher-tier (premium / large-cap / main-market) segments are typically more straightforward to structure than growth / SME segments, principally because of free-float and liquidity differences.
Q · 03 In which currency can a IDX stock loan be denominated?
The default is IDR, the listing currency. Cross-currency structures, for example, financing an IDR-denominated IDX position with a USD or EUR loan, are common and routinely available. The cross-currency element introduces hedging, settlement, and tax considerations that are addressed in the documentation.
Q · 04 Are there foreign-ownership constraints on IDX-listed shares relevant to a pledge?
Foreign-ownership rules vary by issuer and by sector on IDX; regulated sectors (banking, telecoms, defence, natural resources, and others) commonly carry ownership caps and notification requirements that interact with collateralised structures. The firm’s structuring review addresses these expressly for any specific position.
Q · 05 Is repo saham / gadai saham the same as a stock loan?
repo saham / gadai saham is what borrowing against listed shares is most often called in Indonesia. It is the same instrument described here as securities-backed lending -- also known as a Lombard loan or share-backed financing: the shareholder pledges IDX-listed shares, draws a cash loan against a fraction of their value, retains beneficial ownership and dividend rights subject to structuring, and recovers the full position on repayment.
04 · Other Asia-Pacific
Adjacent Markets

Countries adjacent to Indonesia.

Hong Kong · Japan · China · South Korea · Taiwan · Singapore · Australia · New Zealand · India · Thailand · Malaysia · Philippines · Vietnam

All countries →

A specific Indonesia position to discuss?

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