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- Definition :
Everything related in regards to a financial derivative with a sell/buy delivery based on an underlining in this case a Futures Contract.
- Legal Foundation ( www.bappebti.go.id/peraturan )
- Law no.32 year 1997 concerning Futures Trading.
- Government Regulation No. 9 year 1999 concerning Futures Trading Implementation.
- Government Regulation No. 10 year 1999 concerning Examination and trading method.
- Items Traded
- Futures Contract is a standard contract to buy or sell commodity in quantity, quality, type, place and time of delivery based on the quoted prices on the Exchange.
- Rolling Contract, is a type of typical futures contract to buy or sell commodity in any quantity and type without transaction settlement time and transaction is settled in cash (Cash Settlement).
- Place : Jakarta Futures Exchange ( www.bbj-jfx.com )
- Agent
- Futures Broker is business entity that conducts Commodity trade buy and sell based on Futures Contract executed on behalf of customer by withdrawing certain amount of money and or securities as a margin to guarantee that transaction.
- Futures Dealer, is Member of Futures Exchange that can only conduct Futures Contract transaction in Futures Exchange for only him/herself or his/her business affiliation.
- User
- Hedger, one that undertakes hedging (individual or company).
- Hedging is an action to take position in futures exchange which is equal but contradictory with the physical position in order to protect position in physical market from price change (price risk).
- Investor/ Speculator : one that undertakes trade buy/sale in futures exchange to make profit by capitalizing on price fluctuation.
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