- GOLDGR –
Indonesia Commodity &
Derivatives Exchange (ICDX)
Elwin Kusumaningtyas
張麗英
MA0N0253
ICDX
• ICDX offers a transparent marketplace, where customers
participate directly in the trading process, view the order
book and prices and enter their own orders.
• Individual traders and large institutions have equal access
with complete anonymity in all bids, offers, and executed
orders.
• Trades executed in ICDX are cleared and guaranteed by ISI
Clearing House.
GOLDGR
• Gold investment in gram per rupiah with purity level 99.99%
which is one of annual commodity trading in Indonesia
Commodity & Derivatives Exchange (ICDX)
• GOLDGR provides commercial metal buyers and sellers with
long term price risk management and short term arbitrage
opportunities.
• GOLDGR gives the ability to reduce working capital
requirements and physical storage costs associated with
physical market transactions.
ICDX GOLD FUTURES CONTRACT
SPECIFICATIONS
• Trading
contract size
: 100 gr (1 Lot)
Tick Size
: Rp. 100 per gram (Rp. 10,000 per Lot)
Trading Months
: a whole year
Trading Period
: Monday – Friday
Trading Hours
: 07:00 am – 04:30 am Jakarta Time
Daily Price Limit
: 3%
• Delivery related information
Quality Specifications :
9999 Purity, Gold delivered must bear a serial number and identifying
stamp of a refiner approved and listed by the Exchange. Delivery must be
made from a depository licensed by the Exchange.
Point of Delivery
: PT. Antam Tbk, UBPP Logam Mulia
•
•
Price risk tend to similar with rate of price movement for the other asset as stocks
or obligation.
Customer have to recognize and monitoring factors which influence price
movement, such as gold supply, political event, inflation, rate of interest, etc.
ilustration
1 lot GOLDGR available in 3 months contract :
customer buy 5 lot GOLDGR for june contract in the early april and get price Rp.
400.000,-. If GOLDGR increase to Rp 450.000,- in the mid of may, and customer get
liqudation in that value, so he will get :
= (Sell price - buy price) x contract value x lot
= (Rp. 450.000 – Rp. 400.000) x 100 x 5 = Rp. 25.000.000,*exclude the charge
In the other hand, if GOLDGR decrease to Rp. 350.000,- customer will loss  but
GOLDGR is physical gold product that standarized by ANTAM and recognize
internationally. Customer can save gold that he bought through exchange as asset
and could sell it back to exchange when the price increase.