Sustaining Market Liquidity: One-Year Extension Granted for Futures Contract Clearing and Settlement Fee Incentives

PT Kliring Penjaminan Efek Indonesia (“KPEI”) has issued Decree of the Board of Directors of KPEI No. KEP-064/DIR/KPEI/0626 on the Policy on the Provision of Incentives for the Implementation of Clearing and Guarantee Services Fees for the Settlement of Futures Contract Transactions (“Decree 64/2026”).[1] This framework re-enacts and extends the incentive policies that were previously set out under Decree of KPEI No. Kep-103/DIR/KPEI/1225 (“Decree 103/2025”), which bore the same title as Decree 64/2026.[2] Specifically, the new decree has now extended the applicability of the tiered incentive structure that significantly lowers the clearing and guarantee fees that apply to futures contracts that are traded by clearing members (“Members”).[3]