The company was established under the name PT Ravindo Securitama in
Jakarta on August 8, 1989 based on Notarial deed No. Rachmat Santoso, SH
No. 49. On August 15, 1996 based on notarial deed Sugiri Kadarisman, SH
No. 33 names of the Company were changed to PT Yulie Sekurindo. On May
10, 2017 based on the notarial deed of Kumala Tjahjani Widodo, SH, MH,
MKn No. 16 names of the Company were changed to PT Yulie Sekuritas
Indonesia Tbk.
The Company is currently registered as a member of the Indonesia Stock
Exchange. The business activities of the Company are in the field of
securities traders, underwriters and other activities by taking into
account the provisions of the Financial Services Authority. The Company
obtained a business license in the field of Underwriter based on Decree
No. KEP-64 / PM / 1992 dated February 25, 1992 and the Securities
Traders Brokerage license based on Decree No. KEP-65 / PM / 1992 dated
February 25, 1992.
On 10 December 2004 the Company listed all of its shares on the Jakarta
Stock Exchange after obtaining an effective statement from Bapepam on
November 26, 2004, to conduct a public offering of 120,000,000 of the
Company's shares to the public at a nominal value of Rp 200, - per
share, with an offer price of Rp. 215, - per share, so the total is Rp.
25,800,000,000.
On December 20, 2017 the Company made a Limited Public Offering I on the
Indonesia Stock Exchange after obtaining an effective statement from
Otoritas Jasa Keuangan (OJK) on December 6, 2017, to conduct a Limited
Public Offering of 1,530,000,000 shares of the Company to shareholders
with a nominal value of Rp 200, - per share, with an offering price of
Rp 200, - per share, bringing the total to Rp 306,000,000,000.
Vision
To become a trusted and fully integrated Securities Company in the field of Brokerage & Underwriter services.
Mission
- To Increase customer confidence by providing quality services and in accordance with the needs of each customer.
- To increase the existence and value of the Company on an ongoing basis in order to provide added value to customers, employees, shareholders and stakeholders.
- To assist the Company in restructuring and expanding its business so that it can develop and compete in the business world. Yulie Sekuritas Indonesia YULE
In applying the principles of Good Corporate Governance, the Company always upholds a good code of ethics in carrying out its business activities. The Code of Ethics applied by the Company are things that must be done and must not be done in dealing with other parties, both internal and external, which must be obeyed by the management and employees of the Company. The Company's Code of Ethics regulates interactions with all of the Company's stakeholders, namely the Code of Ethics with colleagues, customers, suppliers, shareholders and the community. The code of ethics applies to the Board of Commissioners, Directors and all employees of the Company.
Always apply the values that apply in the Company, namely focus on interacting with colleagues. Besides being able to respect and support other colleagues without distinguishing age, ethnicity, religion and gender, not dropping each other, jealous, selfish, and not supporting the actions of coworkers that can harm the company, able to avoid conflicts of interest between personal and work affairs , able to self-correct before blaming colleagues / other parts, able to maintain all information relating to company secrets, and able to maintain politeness by dressing appropriately and fairly at work, abiding by company regulations, able to maintain discipline and work ethics.
Creating and maintaining close and positive relationships with customers, listening to and valuing input, advice and feedback from customers, taking all necessary actions to meet customer expectations, being able to maintain the confidentiality of data relating to customers, and used only for the benefit of the Company, not accept, offer or give gifts that can affect decision making objectively or similar things deemed inappropriate, report to superiors when getting gifts from customers and do not use a network of relationships with customers for business activities that compete directly / indirectly with the Company's business.
Not requesting or receiving any money or gifts from suppliers, being
able to establish communicative relationships with suppliers, being able
to provide fair treatment to all suppliers, being able to provide
information quickly, precisely and accurately to suppliers, conducting
tenders in an open, transparent manner and can be accounted for,
involving potential suppliers who have a good reputation, view suppliers
as partners and fulfill commitments according to agreements with
suppliers, and are not involved in the decision making process when
dealing with suppliers who are members of the immediate family of the
employee concerned.
Implement the principles of Good Corporate Governance, manage investments with attention to risk within reasonable limits, and if above the authority limit will notify shareholders in advance, avoid conflicts of interest either directly or indirectly with the Company's business, safeguard Company assets and use them only for the benefit The Company, and carry out all activities and activities of the Company based on the applicable laws and regulations.
Actively participating in social activities in maintaining a clean and healthy environment around the Company, building and fostering harmonious relationships and striving to provide benefits through community empowerment programs around the Company while still taking into account the Company's capabilities, are not permitted to discuss the Company's internal problems to the wider community , and participate in efforts to support the improvement of the welfare of the Indonesian people in general. Yulie Sekuritas Indonesia YULE
Internal Audit Charter
In order to improve the effectiveness of risk management and corporate
governance, it is deemed necessary to stipulate an Internal Audit Unit
Charter.
In this charter what is meant by :
- Internal Audit is an assurance and consultation activity that is independent and objective, with the aim of increasing value and improving the Company's operations, through a systematic approach, by evaluating and increasing the effectiveness of risk management, control and corporate governance processes.
- Internal Audit Unit is a work unit within the Company that carries out the Internal Audit function. The name or term used for the Internal Audit Unit was formerly known by the Company as Internal Control & Audit.
- The Internal Audit Unit is led by a Head of the Internal Audit. In the event that the Internal Audit Unit consists of one internal auditor, the internal auditor also acts as the Head of the Internal Audit Unit.
- The Head of the Internal Audit Unit is appointed and dismissed by the President Director with the approval of the Board of Commissioners.
- The President Director may dismiss the Head of the Internal Audit Unit, after obtaining the approval of the Board of Commissioners, if the Head of the Internal Audit Unit does not meet the requirements as an auditor of the Internal Audit Unit as stipulated in this charter and or fails or is unable to carry out his duties.
- The Head of the Internal Audit Unit reports to the President Director.
- Auditors who sit in the Internal Audit Unit are directly responsible to the Head of the Internal Audit Unit.
Internal Audit Duties and Responsibilities
- Prepare and execute Annual Internal Audit plan.
- Perform a test and evaluate the implementation of internal control and risk management systems in accordance with Company policy.
- Checking and evaluating efficiency and effectiveness in finance, accounting, operations, human resources, marketing, information technology and other activities.
- Provide suggestions for improvements and objective information about the activities examined at all levels of management.
- Make an audit report and submit the report to the President Director and the Board of Commissioners.
- Monitor, analyze and report the implementation of the improvements that have been suggested.
- The Internal Audit Unit must work closely with the Audit Committee.
- Develop a program to evaluate the quality of internal audit activities carried out, and carry out special checks if necessary.
- Access all relevant information about the Company related to its duties and functions.
- Communicating directly with the Directors, Board of Commissioners and Audit Committee.
- Hold regular and incidental meetings with the Directors, the Board of Commissioners and the Audit Committee.
- Coordinate its activities with the activities of the External Auditor.
- Having integrity and professional, independent, honest and objective behavior in carrying out their duties.
- Having knowledge and experience regarding technical audit and other disciplines relevant to their field of work.
- Having knowledge of the laws and regulations in the field of capital markets and other related laws and regulations.
- Having the ability to interact and communicate both verbally and in writing effectively.
- Must comply with professional standards issued by the Internal Audit Association.
- Must abide by the Internal Audit code of ethics.
- Obliged to maintain the confidentiality of the Company's information and data related to the implementation of the duties and responsibilities of the Internal Audit, unless required by statutory regulations or the determination of court decisions.
- Understand the principles of good corporate governance and risk management.
- Willing to increase knowledge, skills and professional abilities continuously.
In accordance with the contents of the Internal Audit Unit Charter that the Head of the Internal Audit Unit is appointed and dismissed by the President Director with the approval of the Board of Commissioners, the Internal Audit Unit is directly responsible to the President Director, the Board of Commissioners and the Audit Committee.
Risk Management Policies
The risk management division is responsible for managing the risk control system, setting parameters and verifying in processing orders and or instructions, both for the interests of customers and for the interests of the Company, and carrying out securities transactions with the following provisions:
- Develop and ensure the implementation of trading limit parameters, both for the benefit of customers and for the benefit of the Company, the formulations of which are contained in Standard Operating Procedures (SOP).
- Verify that the client securities account has been opened and approved by the marketing division.
- Verifying before carrying out customer orders and or instructions to ensure the availability of funds and / or securities in the client's securities account, in the context of securities transaction settlement.
- For customers who do not have a securities account in the Company, verify the availability of funds and / or securities is done by ensuring that the customer has made a written statement.
- The verification of securities accounts and the availability of funds and / or securities can be done both manually and electronically through the Company's integrated risk management system
The Company is also required to maintain the minimum net working capital requirements as stated in BAPEPAM and LK Regulation No. V.D.5, which among other things determines Net Adjusted Working Capital for Securities Company operating as an intermediary for securities trading, investment managers and underwriters of Rp. 25 billion or 6.25% of total liabilities, whichever is higher. If this is not monitored and adjusted, the level of working capital in accordance with regulations can be below the minimum amount set by the regulator, which can result in various sanctions ranging from fines to the cessation of some or all business activities. To overcome this risk, the Company continues to evaluate the level of working capital requirements based on regulations and monitor the development of regulations regarding Net Adjusted Working Capital that is required and prepare for an increase in the minimum required according to regulations that may occur from time to time in the future. The Company has complied with the Net Adjusted Working Capital requirements on December 27, 2019.
The Company is also required to have paid up capital above the provisions stipulated by Decree of the Minister of Finance No. 179 / KMK.010 / 2003 concerning share ownership and capital of securities companies. On December 27, 2019, the Company fulfilled these requirements.
The Company operates domestically and faces various financial risks, including liquidity, market prices, loans and interest rates. The Company's funds and interest rate exposures are managed by the Company's financial function in accordance with the policy framework approved by the audit committee. The framework describes the risks to the Company and the steps that will be taken to manage risk.
Market Price Risk
The Company's exposure to market price risk arises from counterparts that fail to meet their obligations or through trading errors and other errors. In trading transactions on the stock exchange, the Company acts as the principal and then transfers the contract to the customer. Failure of customers to accept trade will expose the Company to market price risks.
The company also faces market price risks related to available-for-sale investments. To manage the price risk arising from this investment, the Company diversifies its portfolio.
Interest Rate Risk
Cash flow interest rate risk is the risk of future cash flows for financial instruments that will fluctuate because of changes in market interest rates. The fair value of interest rate risk is the risk that the fair value of financial instruments will fluctuate because of changes in market interest rates. The Company is faced with various risks related to fluctuations in market interest rates.
Financial assets and liabilities that are potentially affected by interest rate risk mainly consist of time deposits, trade in maturing debts and loans from financial institutions. The Company monitors changes in market interest rates to ensure that the Company's interest rates are in line with the market.
Credit Risk
Credit risk is the risk of loss that will be experienced by the Company, if the customer or the counterparty fails to fulfill contractual obligations. The Company does not have a significant credit concentration risk. The Company manages and controls credit risk by setting limits on the amount of risk to be received, the level of collateral and by monitoring exposures related to these limits.
The Company's credit risk exposures relate to the activities of associated stock brokerage in customer contractual positions that arise during trading. As such, the Company needs guarantees to reduce these risks. The types of instruments received by the Company for collateral can be in the form of cash and securities listed on the exchange.
Liquidity Risk
Management has established a liquidity risk management framework for managing short, medium and long term funds and liquidity management requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and loan facilities, by continuously monitoring plans and realization of cash flows by matching the maturity profile of financial assets and financial liabilities. Yulie Sekuritas Indonesia YULE
Whistle Blowing System Policies
The violation reporting system is an effort to prevent operational risk
by increasing the effectiveness of the implementation of a fraud control
system that focuses on reporting violations, and is a means of
reporting complaints of fraud from employees to the Director with a
focus on disclosure of complaints to increase the effectiveness of the
implementation of the fraud control system. Yulie Sekuritas Indonesia YULE
1. Corporate Social Responsibility Regarding Employment, Health and Work Safety
Organizational planning and
competency development in Human Resources (HR) is one of the
responsibilities of management in order to foster employee concern for
the pace of the Company's business growth. As a Company that is
committed to carrying out its responsibilities towards all stakeholders,
the Company has an interest in ensuring that every business activity
complies with all applicable laws and regulations including regulations
relating to Labor, Health and Safety.
Employment Opportunity
The Company fairly recruits employees regardless of ethnicity, religion,
race, class, gender and social rank. The recruitment process is carried
out by upholding the principles of equality, non-discrimination and
transparency. The Company provides equal opportunities for everyone who
has the qualifications needed to fill available positions.
Remuneration
The Company provides remuneration for each employee in accordance with
its contribution to the Company. This remuneration is intended to foster
employee loyalty consisting of basic salaries and health benefits whose
value is adjusted to their respective salaries and that are permanent.
The lowest salary received by employees is at least the same as the
Regional Minimum Wage (UMR) set by DKI Province.
Collective Labor Agreement and Industrial Relations
The Company places its employees as stakeholders who have a great
interest in the sustainability of the Company. Therefore the Company
ensures the creation of good industrial relations with all employees.
This is realized through employee protection through the existence of a
Collective Labor Agreement (PKB) which is periodically reviewed, and its
contents are updated in accordance with the latest conditions. To be
able to ensure that the interests of the Company as a Company and the
interests of employees as partners are equally met.
Education and training
The Company supports employees to attend education and training aimed at
meeting employee competency needs by attending seminars held by the
Financial Services Authority (OJK), the Indonesia Stock Exchange (BEI),
the Indonesian Central Securities Depository (KSEI), the Indonesian
Clearing and Guarantee Corporation (Indonesian Clearing and Guarantee
Corporation (Indonesian Securities Clearing KPEI), Financial Transaction
Reports and Analysis Center (PPATK), Indonesian Issuers Association
(AEI), Indonesian Securities Companies Association (APEI) and Indonesian
Corporate Secretary Association (ICSA).
Occupational Health Sector Activities
The Company includes employees in the Health Insurance Administering Board (BPJS).
Work Safety Sector Activities
Each employee is responsible for working with attention to security
aspects for themselves and others, as well as doing whatever is
necessary to protect the environment around them, and the Company
includes employees in the Employee Social Security Organizing (BPJS)
program.
Commitment to the application of Labor, Health and Safety is stated in the Employee Code of Conduct, as follows:
- Employees must maintain and maintain a healthy and conducive work environment in supporting productivity.
- Employees are prohibited from selling, making, distributing, possessing and using substances, illegal drugs and narcotics.
- Employees are strictly prohibited from drinking alcoholic beverages or alcoholic beverages while working.
- Employees are prohibited from storing / using firearms or other dangerous weapons during working hours at work, unless they have received approval from the Directors and are part of the work.
- Employees always play an active role in protecting the environment wherever they are.
2. Corporate Social Responsibility Regarding Social and Community Development
The Company's social responsibility is manifested in various social donation activities (philanthropy), specifically in the context of increasing public awareness and knowledge regarding various investment activities and opportunities in the capital market. The Company has donated dozens of books on capital markets and economics to the Buddhist Dharma University Library (UBD), in Tangerang on August 28, 2019 as the Company's social responsibility in the field of education, especially in the capital market.
To improve literacy and inclusion as well as public knowledge and
understanding in the capital market, the Company conducted it in the
form of a seminar for students on the topic 'Capital Market Financial
Literacy & Inclusion Seminar 201: Investment Is Easy & Safe' in
collaboration with the Indonesian Securities Companies Association
(APEI), D'Light Institute and PT Indonesian Securities Investor
Protection Fund (SIPF) Organizers along with 17 Securities Members, on
November 13, 2019 at the Indonesia Stock Exchange Building, Jakarta with
participants from the students of the Marsudirini Secretariat and
Management Academy (ASMI) Santa Maria Yogyakarta.
3. Corporate Social Responsibility Regarding Services Provided to Customers
Policy
The Company ensures that each of its services generates customer
satisfaction so that it can form a loyal customer base and can support
the sustainability of its business. To achieve high customer
satisfaction, the Company ensures that the quality of its services meets
customer specifications, so that customer satisfaction can be
maintained and improved.
Programs And Activities That Are Conducted And The Impact
In order to maintain customer loyalty, the Company has implemented a
variety of programs that can directly benefit customers. One of them is a
program that maintains and improves customer satisfaction by ensuring
service quality meets specifications and business processes so that they
remain within the corridor of good governance, as stipulated in the
Employee Ethics and Conduct Guidelines, which requires all employees to:
- Build constructive open communication with customers.
- Work hard to provide the best service through the process of handling customer complaints effectively.
- Promoting professional service standards with the principles of the right amount, on time, right information and on target.
- Paying attention and evaluating needs, and continuously monitoring, improving services, through systematic improvement of work standards, with adequate technological support.
- Provides ease and speed of information access.
- Providing services regardless of customer background, but prioritizing a proactive, friendly attitude, empathy and based on the value of politeness.
- Build intensive communication with customers to find the best solutions in order to improve performance and service.
All activities carried out in the field of customer service have had a positive impact on the Company. The impact is in the form of increasingly strong customer loyalty, maintained customer satisfaction, better relationships with customers, potential customer interest in establishing business relationships with the Company, and the Company's increased ability to serve the special needs of each customer so that the Company can apply more favourable commission for both the Company and the customer.
With the increasingly strong relationship between the Company and its customers, of course it brings a positive impact on the Company's performance, where almost all customers are satisfied with the products and services that have been provided by the Company.
Dr. Ide Anak Agung Gde Agung st.
East Kuningan - Setiabudi
South of Jakarta 12950, Indonesia
Telephone : +6221 20392025
Facsimile : +6221 25981619
Email : corsec@yuliesekurindo.com
