Wakil Penjamin Emisi Efek (WPEE) study materials
Wakil Penjamin Emisi Efek (WPEE) study resources

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

Week 1

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

Week 2

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

Week 3

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

Week 4

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

Week 5

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

Week 6

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

Week 7

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

Week 8

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