IDClear activates bilateral repo on Megara
14 January 2026 Amsterdam and Jakarta
Image: galina_savina/stock.adobe.com
IDClear, Indonesia鈥檚 central counterparty (CCP), has activated the bilateral repo business line on Vermeg鈥檚 Megara platform, expanding the region鈥檚 clearing landscape.
The deployment of the bilateral repo capability marks a key step in IDClear鈥檚 strategic development programme to strengthen the country鈥檚 financial market infrastructure while deepening liquidity in the money market.
By integrating bilateral repo processing into its Megara setup, IDClear is now able to enhance collateral efficiency and mobilisation; expand the range of CCP services offered to members; support broader money-market development; and reinforce overall financial resilience.
Iding Pardi, president director of IDClear, states: 鈥淭he go-live of the bilateral repo business line on Megara marks a significant milestone in IDClear鈥檚 transformation.
鈥淏uilding on the initial deployment of cross-asset collateral management, this extension allows us to offer a broader set of services to our members and strengthen liquidity in Indonesia鈥檚 money market.
鈥淲e are committed to advancing this successful collaboration with Vermeg to introduce additional innovative services for the Indonesian marketplace.鈥�
This extension builds on the initial Megara deployment performed by Vermeg in collaboration with Bank Indonesia, and eight major local banks.
Megara serves as a unified, scalable backbone for Indonesia鈥檚 post-trade ecosystem, enabling progressive service expansion across markets and asset classes, says Vermeg.
Megara is designed to meet the needs of modern market infrastructures, combining robustness, high configurability, and regulatory alignment.
The platform offers: cloud-native, API-first architecture, unified workflows, market-specific flexibility, and scalability for future service expansion and innovation.
For Indonesia, Megara delivers an extensible foundation capable of supporting additional market segments and regulatory evolutions as the country鈥檚 financial system continues to mature.
Joseph Kubeyka, general manager for Asia Pacific and the Middle East at Vermeg, comments: 鈥淚DClear鈥檚 adoption of bilateral repo services on Megara demonstrates their strong commitment to building a modern, efficient, and competitive clearing infrastructure.鈥�
Azza Lamine, head of professional services and support for Asia Pacific, Vermeg, adds: 鈥淭his achievement reflects the deep collaboration between IDClear鈥檚 experts and Vermeg鈥檚 teams.
鈥淭ogether we delivered a solution tailored to Indonesia鈥檚 unique market structure, while ensuring the flexibility needed for future growth. We remain committed to supporting IDClear as they expand their service offerings.鈥�
The deployment of the bilateral repo capability marks a key step in IDClear鈥檚 strategic development programme to strengthen the country鈥檚 financial market infrastructure while deepening liquidity in the money market.
By integrating bilateral repo processing into its Megara setup, IDClear is now able to enhance collateral efficiency and mobilisation; expand the range of CCP services offered to members; support broader money-market development; and reinforce overall financial resilience.
Iding Pardi, president director of IDClear, states: 鈥淭he go-live of the bilateral repo business line on Megara marks a significant milestone in IDClear鈥檚 transformation.
鈥淏uilding on the initial deployment of cross-asset collateral management, this extension allows us to offer a broader set of services to our members and strengthen liquidity in Indonesia鈥檚 money market.
鈥淲e are committed to advancing this successful collaboration with Vermeg to introduce additional innovative services for the Indonesian marketplace.鈥�
This extension builds on the initial Megara deployment performed by Vermeg in collaboration with Bank Indonesia, and eight major local banks.
Megara serves as a unified, scalable backbone for Indonesia鈥檚 post-trade ecosystem, enabling progressive service expansion across markets and asset classes, says Vermeg.
Megara is designed to meet the needs of modern market infrastructures, combining robustness, high configurability, and regulatory alignment.
The platform offers: cloud-native, API-first architecture, unified workflows, market-specific flexibility, and scalability for future service expansion and innovation.
For Indonesia, Megara delivers an extensible foundation capable of supporting additional market segments and regulatory evolutions as the country鈥檚 financial system continues to mature.
Joseph Kubeyka, general manager for Asia Pacific and the Middle East at Vermeg, comments: 鈥淚DClear鈥檚 adoption of bilateral repo services on Megara demonstrates their strong commitment to building a modern, efficient, and competitive clearing infrastructure.鈥�
Azza Lamine, head of professional services and support for Asia Pacific, Vermeg, adds: 鈥淭his achievement reflects the deep collaboration between IDClear鈥檚 experts and Vermeg鈥檚 teams.
鈥淭ogether we delivered a solution tailored to Indonesia鈥檚 unique market structure, while ensuring the flexibility needed for future growth. We remain committed to supporting IDClear as they expand their service offerings.鈥�
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