Equitor gets ISO 9002 award

JAKARTA (JP): Standard Chartered Equitor, a custodial and clearing division of Standard Chartered Bank, has received ISO 9002 certification

The company said Saturday that the certification was awarded by SGS Yarsley International Certification Services in recognition of its quality system and excellence in the provision of custodial services, including safekeeping, registration, settlement and corporate actions in Indonesia.

Equitor is the first custodial service provider in Indonesia to receive ISO 9002 certification, the statement said.

Standard Chartered Equitor has helped shape and support the development of stock markets in Indonesia through cooperation with the Capital Market Supervisory Agency, the Jakarta Stock Exchange and PT Kliring Penjamin Efek Indonesia (KPEI).

The statement said that Equitor had committed to taking a 5 percent stake in the new central depository company PT Kustodian Sentral Efek Indonesia (KSEI), which would take over KPEI's role later this month. (aly)