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.
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 venue | Indonesia Stock Exchange (Bursa Efek Indonesia) |
|---|---|
| Regulator | Otoritas Jasa Keuangan (OJK) |
| Currency | IDR, with cross-currency options |
| Principal indices | Jakarta Composite Index (IHSG), LQ45, IDX30 |
| Tenor | 12–36 months (institutional) |
| Recourse profile | Non-recourse, limited-recourse, or full-recourse |
| Loan-to-value | Calibrated 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.
On this market, specifically.
Disclosure and regulation
Indonesian substantial-shareholder disclosure under OJK Regulation No. 60/POJK.04/2015 is triggered at 5% and on material changes thereafter, and both the grant of a pledge and its enforcement are tested against it. The structural overlay is foreign ownership: statutory caps apply to issuers in regulated sectors such as banking and mining, limiting how much of a company non-residents may hold and therefore how much a foreign lender could take on enforcement. The firm confirms each issuer’s sector cap and the holder’s headroom beneath it, alongside the OJK notification profile, before the security over an Indonesia-listed line is put in place.
An illustrative example
Purely to illustrate, a holder owns IDR 300 billion of an LQ45 constituent. At a loan-to-value of 45%, inside the 20–65% band, the pledge releases roughly IDR 135 billion while the shares stay registered to the holder. Funding can be arranged in IDR or, more often for cross-border holders, in USD. The figures are round and hypothetical, used only to show the shape of the transaction; the working ratio would follow the line’s free float and volume, any sector foreign-ownership cap, and the recourse profile selected. Nothing here is a quote, an offer, or a commitment to lend on these terms.
Illustrative only — not an offer, a quotation, or a commitment to lend.
Each Indonesia exchange, covered.
What people most often ask about Indonesia.
Q · 01 What is the typical loan-to-value for a stock loan against IDX-listed positions?
Q · 02 Which IDX-listed segments are eligible for stock loans?
Q · 03 In which currency can a IDX stock loan be denominated?
Q · 04 Are there foreign-ownership constraints on IDX-listed shares relevant to a pledge?
Q · 05 Is repo saham / gadai saham the same as a stock loan?
Countries adjacent to Indonesia.
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A specific Indonesia position to discuss?
Submit a confidential enquiry. A senior principal will respond within one business day.