|
I. OPENING
ACCOUNT
A. Application or Registration
To open an Account, customer needs to fill an application
form which going to be process by the company. The form includes
the personal information of the customer such as name, address,
phone, email address and other information that is needed by the
company. All information will be keep confidential.
B. Demo Account
Before make a real transaction, a customer is suggested
to trade or make a transaction using a Demo Account in order to
learn about Trading on. Customer will be given virtual money about
90.000.000 Rupiah to make transactions in this simulation. From
this simulation, customer is expected to know about the regulations
and recognized the system and its functions in order to make no
mistake in making a transaction or trading using his or her real
account. Demo Account and Real Account are using the same system
and rules.
Demo Account is online valid for one month.
Back to Top
C. Risk Disclosure dan Client
Agreement
a. Risk Disclosure
Customer has to understand about risk of trading.
He or she has to sign the Risk Disclosure Statement that passed
by this company to the customer. This Risk Disclosure Statement
states about inside commodity trading contract, there are benefits
and risks of lost which sometimes can reach to a big amount (half
or whole customer’s money). Therefore, the customer has to
be careful in making decision of trading. Customer has to know about
the condition of his or her money before trading.
Back to Top
b. Client Agreement
Agreement that have been acquiescent by PT.Asia
Kapitalindo Komoditi Berjangka and the customer in trading, either
buy or sell commodity contract with its regulations are listed in
the Client Agreement. Inside the agreement, it explain about the
margin, obligation to keep the margin, broker, broker’s responsibility,
transaction commission, the law and rules that needed to be understand
by the customer.
If the customer already read and understand about Risk Disclosure
and Client Agreement, he or she must sign every page of each form.
If the customer is outside the city, he or she can get both forms
from this website http://www.asiakomoditi.com.
Make sure to print two copies for each form. Fill them, seal them,
sign them and send them through mail or messenger.
Back to Top
D. Margin
a. Segregated Account
Customer can deposits their money to this Segregated Account
Bank of Niaga - Gajah Mada provision
No. Account : 001.01.89256.002
name : PT. Asia Kapitalindo Komoditi Berjangka
OR
Bank Central Asia (BCA) Sudirman provision
No. Account : 035.311.6565
name : PT. Asia Kapitalindo Komoditi Berjangka
The fund must deposits In Rupiah as an assurance
for opening account in Asia Komoditi ONLINE. The deposit slip must
be received by the company before the customer starting to make
a transaction which is not later than T+2 after the deposit fund
is effective.
Back to Top
b. Withdrawal
Withdrawal can be done anytime after the customer fills the withdrawal
form and sign it. The fund can be transfer to the customer account
and will be paid not later than T+2 after the withdrawal form is
accepted by the Administration.
Back to Top
c. Injection
In Daily Transactions, PT.Asia Kapitalindo Komoditi Berjangka perhaps
need more additional money from the customer if the market condition
running opposite from the customer position which cause the equity
reduced. If the customer still want to hold his or her position,
then before the floating loss reaches 70% from its current balance,
he or she have to inject more funds.
Back to Top
E. Valid
Period
The customer’s account will be effective
after PT.Asia Kapitalindo Komoditi Berjangka received the complete
document and the fund deposit. The customer will get a User ID and
Password to trade through the platform.
If the customer wants to close his or her account
, the account balance at least has to 50.000 rupiah. For closing
account which will be charge 50.000 rupiah
Back to Top
II. CONFIDENTIAL
Every customer will have User ID and password which
will be sending by email. The function is for access the Asia Komoditi
Online platform’s facilities.The customer can change their
password with 6 digits to 12 digits number or letter or combination
of both. User ID and Password is confidential and only known by
the customer where the employees of Asia will not know about it.
If the customer forgets about the password, a new password can be
request. The customer has a responsible to keep the confidential
of his or her User ID and Password and make sure that the third
party will not get the access to his or her account. The negligence
of keeping the confidential information will be the customer’s
responsibility.
Back to Top
III. TRADING
REGULATION
A. Determine
Yen as the Currency exchange
a. The exchange of Yen against Rupiah is 1 Yen =
Rp. 70,-.
b. The exchange that is determined in point (a) can be replaced
anytime with an announcement, a week before it effective.
c. The customer position that still open at the time exchange is
determined, it still going to use the calculation which based on
exchange mentioned in Point (a).
Back to Top
B. Contract Specification
| No |
Commodity Futures |
Contract
Code
|
Minimum
Changes |
Contract Month |
Commodity Product
Spread
(In Yen) |
Contract
Unit |
| 1. |
Arabica Coffee Futures TGE |
TACJFX |
10 Yen
per bag |
Jan, Mar, May, Jul, Sept, Nov, In
12 months period of time |
<10000 |
600 |
| 50 bag |
>10000, <25000 |
800 |
| >25000 |
1000 |
| 2. |
Corn Futures TGE |
TCFJFX |
10 Yen
per ton |
Jan, Mar, May, Jul, Sept, Nov, In
12 months period of time |
<10000 |
300 |
| 50 ton |
>10000, < 20000 |
400 |
| >20000 |
500 |
| 3. |
Red Bean Futures TGE |
TRBJFX |
10 Yen per bag |
6 months in the row |
<8000 |
300 |
| 80 ton |
>8000, <16000 |
350 |
| >16000 |
400 |
| 4. |
Robusta Coffee Futures TGE |
TRCJFX |
10 Yen
per Kwintal |
Jan, Mar, May, Jul, Sept, Nov, In
12 months period of time |
<10000 |
600 |
| 50 kwintal |
>10000, <25000 |
800 |
| >25000 |
1000 |
| 5. |
Raw Sugar Futures TGE |
TRSJFX |
10 Yen
per Ton |
Jan, Mar, May, Jul, Sept, Nov, In
12 months period of time |
<15000 |
600 |
| 50 ton |
>15000, <35000 |
800 |
| >35000 |
1000 |
| 6. |
Us Soybean Futures TGE |
TSBJFX |
10 Yen per Ton |
Feb Apr, Jun, Aug, Oct, Dec, In 12
months period of time |
<20000 |
600 |
| 50 ton |
>20000, <40000 |
800 |
| >40000 |
1000 |
| 7 |
Natural Rubber Index |
ORIJFX |
0.1 poin |
6 months in the row |
<80.00 |
2.00 |
| 10.000 Yen |
>110.00, <140.00 |
2.50 |
| >140.00, <110.00 |
3.00 |
| >140.00 |
3.50 |
Back to Top
C. Day Trade
The Time Table of Daily Trade:
| Commodity Futures |
Contract Code |
Day Trade (WIB) |
| Arabica Coffee Futures TGE |
TACJFX |
A1 : 07.30
A2 : 08.30
A3 : ----- |
P1 : 11.30
P2 : 12.30
P3 : 13.30 |
| Corn Futures TGE |
TCFJFX |
A1 : 07.00
A2 : 08.00
A3 : 09.00 |
P1 : 11.00
P2 : 12.00
P3 : 13.00 |
| Red Bean Futures TGE |
TRBJFX |
A1 : 07.20
A2 : -----
A3 : 09.20 |
P1 : 11.20
P2 : -----
P3 : 13.15 |
| Robusta Coffe Futures TGE |
TRCJFX |
A1 : 07.30
A2 : 08.30
A3 : ----- |
P1 : 11.30
P2 : 12.30
P3 : 13.30 |
| Raw Sugar Futures TGE |
TRSJFX |
A1 : 07.45
A2 : 08.45
A3 : ----- |
P1 : 11.45
P2 : 12.45
P3 : 13.45 |
| US
Soybeans Futures TGE |
TSBJFX |
A1 : -----
A2 : 08.00
A3 : 09.00 |
P1 : 11.00
P2 : 12.00
P3 : ----- |
| Natural Rubber Index OSAMEX |
ORIJFX |
A1 : 07.00
A2 : 08.00
A3 : 09.00 |
P1 : 11.20
P2 : 12.20
P3 : 13.20 |
- Holiday on Saturday and Sunday.
- Holidays based on Japan public holidays.
Back to Top
D. Contract Month
The contract used for transaction only from the
third month till six month.
Back to Top
E. Limit New Position
The limit order for new position maximum 20
lots buy new or sell new for one account
Back to Top
F. Limit Long-term
Position
The limit open position per contract is 20 lots
buy or sell net for one account
Back to Top
G. Margin
Initial Margin Customer will be deposit in Segregated
Account of PT Asia Kapitalindo Komoditi Berjangka for security of
customer transaction in Customer Future Contract.
Only AKKB can increase or decrease the margin deposit base on customer
deposit bank slip, or customer injection slip, or customer withdrawal
slip.
Back to Top
a. Initial Margin
Minimal Margin Deposit for trading is Rp 10.000.000
Back to Top
b. Margin Requirement
The Table of Margin Requirement each lot by product in Yen
| Commodity
Futures |
Contract
Code |
Contract
Unit
|
Initial Margin |
| (Yen) |
(Rupiah) |
| Arabica Coffee Futures TGE |
TACJFX |
50 bags |
45.000 |
3.150.000,- |
| Corn Futures TGE |
TCFJFX |
100 ton |
45.000 |
3.150.000,- |
| Red Bean Futures TGE |
TRBJFX |
80 bags |
45.000 |
3.150.000,- |
| Robusta Coffee Futures TGE |
TRCJFX |
50 kwintal |
45.000 |
3.150.000,- |
| Raw Sugar Futures TGE |
TRSJFX |
50 ton |
45.000 |
3.150.000,- |
| US
Soybean Futures TGE |
TSBJFX |
50 ton |
45.000 |
3.150.000,- |
| Natural Rubber Index OSAMEX |
ORIJFX |
10.000 Yen |
45.000 |
3.150.000,- |
Back to Top
c. Call Margin
Call Margin happen if the open position of floating loss is reach
70% or 80% against the current balance.
The warning is given on the Financial Summary for sign that customer
must inject that position.
Back to Top
d. Auto Cut
If the Customer did not inject the Call Margin
position, the system will close the open position automatically
(Auto Cut) if the condition floating loss reached 85% or above the
current balance.
Back to Top
e. Hedging/Stradle
Hedging / Straddle is made if the customer want
to prevent from the greater lost of his/her open position. The customer
can set position against or opposite from open position if he or
she has a lot of margin requirements.
Back to Top
f. Over Trading
System will reject the customer position if the
customer makes transaction that over His/her margin requirement.
Example: If the customer has margin deposit 10.000.000
rupiah, its only can open maximize 2 lots, but if customers want
to open 6 lots the systems will rejected that order automatically.
Back to Top
H. Platform
a. Price
The Platform provides the price that identical to the price from
the Future Exchange. Dealer have rights to adjust the price, if
the platform has wrong quote, or pricing error. PT Asia Kapitalindo
didn’t have any responsibility if the platform can not meet
the price that customer order or liquid. This is happened because
of the price hattick, or other jump price.
Back to Top
b. Limit Up And
Limit Down
If the price happens to limit up or limit down,
- The customer can liquid position at the price limit
- The customer can not put order new position
Back to Top
c. Commission
Commission charged per lot settle is 6000 yen
Back to Top
d. Market Price
That can be used as price for transaction
Back to Top
e. Stop Loss
The order limit that is set the price for closed position for minimizing
loss.
Back to Top
f. Sistem Order
In Trading Commodity online you can make System
Order entry by click on the order Icon.
There is three order “ or lower, or higher, and market order”.
The rules for New or Close order :
i ) Or lower and or Higher
order can be done at least 15 minutes before the price
running.
ii) Market Order can be done
at least 10 minutes before the price running
g.
Cancel Order
Cancel Order can be done only once for every new
order or close, with duration 5 minutes before the price running.
Back to Top
I. Software,
Hardware and Internet Connection.
ASIAkomoditi ONLINE is developed through Electronic Trading System
Web-based. The Electronic Trading System is different from Voice
Order / Open Outcry or any other electronic system. Therefore, the
risk of the customer fails to make orders or transactions depend
on the perceptive of the system software and hardware requirement.
Since PT.Asia Kapitalindo Komoditi Berjangka did not take any controls
of the customer’s internet configuration and computer configuration
(software and hardware), PT.Asia Kapitalindo Komoditi Berjangka
will not take responsibility for any causes or accept any kind of
charges such as losses or damages or expenses (lawyer’s expenses)
which caused by the system failure where failure can be caused by
the customer or the system itself.
If the condition above really happens, then the customer’s
order can be done by calling the dealing office with a situation
that the customer only can order of close position and not allow
to open new position.
Back to Top
IV. REPORTING
All customers can access their financial report
and confirmation report directly from Menu Report. All Financial
reports from the customer transactions are stored automatically
in that customer report. Inside the report, there are contract code,
contract, contract month, open position, close position, total transactions,
commission, profit / loss, transaction date and financial position
statement.
Conformation report is declared in Yen and Rupiah currency (1 Yen
= 70 Rupiah) as it written on “ III Trading Regulation Point
A”.
Customer must review and report as soon as possible about any mistakes
that happen in the conformation report. If PT. Asia Kapitalindo
Komoditi Berjangka did not receive any call from the costumer and
statement paper from customer in 2 working days after the conformation
report is released, the company will assume that there is no problem
with the report and the report is legal.
Back to Top
V. CONFLICT SOLUTION
The conflict solution will be made base on:
This all the trading regulations to be published
and applied. If there any changing in this regulation it will be
announce 1 week before effective. |