Wakil Penjamin Emisi Efek (WPEE) study plan
Wakil Penjamin Emisi Efek (WPEE) · Give each week a clear focus.
8 weeks · About 7 hours per week
Penawaran Umum dan Proses Penjaminan Emisi Efek (IPO, rights issue, penawaran umum lainnya) & Pasar Modal Indonesia: Regulasi, Kelembagaan, dan Otoritas
Map the full IPO lifecycle from pre-IPO planning to listing and post-listing obligations, and state the role of each party (emiten, penjamin pelaksana emisi, penjamin emisi, profesi penunjang, biro administrasi efek) at each stage
Identify the statutory basis and key provisions governing penawaran umum in the UU Pasar Modal and OJK regulations, and distinguish penawaran umum, penawaran terbatas, and penawaran tanpa prospektus
Sequence the procedural steps of a rights issue with HMETD and of other penawaran umum (obligasi, sukuk, waran, ETF) and note where the WPEE's responsibilities differ from a plain IPO
Build a one-page timeline of an IPO showing every document, approval, and announcement required, with the responsible party named for each item
Your checkpoint
A single-page IPO-to-listing process map with at least 20 sequenced steps, each annotated with the governing rule and the responsible party, self-graded against a checklist of 10 must-have items
Penawaran Umum dan Proses Penjaminan Emisi Efek (IPO, rights issue, penawaran umum lainnya) & Dokumen Penawaran Umum: Prospektus, Keterbukaan Informasi, dan Tanggung Jawab Dokumen
Draft the anatomy of a prospektus: list every mandatory section and explain the disclosure purpose of each, including risk factors, use of proceeds, and conflict-of-interest sections
Explain the due diligence and keterbukaan informasi obligations of the penjamin pelaksana emisi, and describe how material adverse facts trigger prospectus updates
Distinguish the liability exposure of emiten, penjamin emisi, and profesi penunjang for misleading statements in offering documents, and identify the defenses available to a WPEE
Apply the rules on material information disclosure and insider trading to a hypothetical issuer with pending corporate action
Your checkpoint
A written prospektus outline for a fictional issuer covering all mandatory sections plus a 300-word memo on liability allocation and WPEE defenses
Penilaian dan Analisis Efek: Valuasi Saham, Obligasi, dan Instrumen Pasar Modal & Penawaran Umum dan Proses Penjaminan Emisi Efek (IPO, rights issue, penawaran umum lainnya)
Compute intrinsic value of an equity using DCF and relative valuation (PER, PBV, EV/EBITDA), and explain when each method is appropriate for pricing an IPO
Price a plain vanilla bond from yield to maturity, accrued interest, and clean versus dirty price, and interpret duration and convexity sensitivity
Perform a book-building allocation exercise given an order book, price range, and demand curve, and justify the final offering price
Explain how the WPEE validates the issuer's valuation assumptions and challenges management projections during due diligence
Your checkpoint
A valuation workbook with three methods applied to the fictional issuer, a justified offering price range, and a one-page defense of the chosen price to a hypothetical investment committee
Pasar Modal Indonesia: Regulasi, Kelembagaan, dan Otoritas & Struktur dan Mekanisme Pasar Modal: Bursa, Lembaga Kliring, Kustodian, dan Perdagangan
Map the institutional architecture of the Indonesian capital market: OJK, Bursa Efek, KPEI, KSEI, and the SIPF, stating the mandate and key powers of each
Trace the trade lifecycle from order entry through matching, clearing, settlement, and custody, and identify where risk transfers between parties
Differentiate the roles of penjamin emisi, perantara pedagang efek, manajer investasi, and kustodian under the applicable regulations
Explain the regulatory instruments OJK and Bursa can apply to a non-compliant perusahaan efek, and describe the sanctions ladder
Your checkpoint
A labelled diagram of the trade lifecycle and institutional map, plus a 15-item self-quiz on institutional mandates scored at 80% or better
Manajemen Risiko dan Kepatuhan dalam Penjaminan Emisi Efek & Dokumen Penawaran Umum: Prospektus, Keterbukaan Informasi, dan Tanggung Jawab Dokumen
Identify the principal risks a WPEE carries in a penjaminan emisi (market risk, underwriting risk, reputational, legal, operational) and describe a mitigation for each
Design the internal control and compliance framework a perusahaan efek must maintain, including Chinese walls and conflict-of-interest management
Explain the KYC, AML, and anti-fraud requirements applicable to a perusahaan efek and how they intersect with underwriting due diligence
Analyze a case where a penjamin emisi failed to disclose a material fact, and diagnose which control failed
Your checkpoint
A risk register with at least 10 identified risks, likelihood and impact ratings, and named mitigations, plus a one-page case diagnosis
Etika Profesi, Tata Kelola, dan Perlindungan Investor & Pasar Modal Indonesia: Regulasi, Kelembagaan, dan Otoritas
State the ethical duties of a WPEE under the code of conduct, including independence, confidentiality, and prohibition on front-running and market manipulation
Explain investor protection mechanisms, including dispute resolution channels, SIPF coverage scope, and the limits of investor recourse
Apply good corporate governance principles (transparency, accountability, responsibility, independence, fairness) to a hypothetical conflict-of-interest scenario at a penjamin emisi
Evaluate the regulatory response to market manipulation and insider trading cases and identify the compliance lessons for a WPEE
Your checkpoint
A written ethical judgment on two conflict-of-interest scenarios, each with a recommended course of action, the governing principle, and the consequence of the alternative
Akuntansi dan Pelaporan Keuangan untuk Emiten dan Perusahaan Efek & Struktur dan Mekanisme Pasar Modal: Bursa, Lembaga Kliring, Kustodian, dan Perdagangan
Read and interpret the core financial statements of an issuer and compute the ratios a WPEE relies on during due diligence (liquidity, leverage, coverage, profitability, cash conversion)
Identify accounting red flags in an issuer's financial statements and explain how each affects the offering price or the decision to proceed
Explain the financial reporting obligations of an emiten post-listing, including periodic reports, material transaction disclosure, and the deadlines attached to each
Describe the accounting and reporting requirements specific to a perusahaan efek, including the segregation of client assets
Your checkpoint
A due-diligence checklist of at least 15 financial and reporting items applied to the fictional issuer, with red flags flagged and conclusions drawn
Pasar Modal Syariah dan Instrumen Keuangan Berkelanjutan & Pasar Modal Indonesia: Regulasi, Kelembagaan, dan Otoritas & Penawaran Umum dan Proses Penjaminan Emisi Efek (IPO, rights issue, penawaran umum lainnya)
Distinguish the criteria for a syariah-compliant security from a conventional one, including the screening rules and the akad structures used in sukuk
Explain the sustainable finance framework applicable to issuers and the disclosure expectations for green or sustainability-linked instruments
Consolidate the previous seven weeks into a single revision map linking each domain to the regulations and calculations it depends on
Complete a timed full-length practice set and convert every missed item into a corrected note
Your checkpoint
A consolidated one-page revision map plus a scored practice exam with a written correction log for every error
Milestones
Week 2: Can describe the full IPO process and prospektus structure from memory in under 10 minutes, and score 80% or better on a 20-item quiz covering domains 1 to 3
Week 4: Can compute DCF value, bond YTM, and a book-building allocation without reference material, and reproduce the institutional and trade-lifecycle map from blank paper
Week 6: Can state the mandate of every capital market institution, name five WPEE risks with mitigations, and resolve two ethical scenarios using the correct governing principle
Week 8: Score 75% or better on a timed full-length practice set, with no domain below 60% and every missed item logged with a corrected explanation