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INTRODUCTION
With half of the world’s population living in Asia, the South
East Asia region has tremendous potential for developing an organized commodity futures market.
The ever-increasing flow of funds into Asia combined with the continued increase in the global demand for commodity products, in particular the demand for accessing Indonesian commodities, has contributed to the formation of a new internationally recognized trading venue in Indonesia; the Indonesian Commodity and Derivatives Exchange (ICDX).
With abundant natural resources and home to some of the world’s the largest producers of prime commodities the ICDX exists to serve the underlying regional economic interest as the global trading hub for numerous indigenous commodities including Crude Palm Oil (CPO), Coal, Natural Gas, Cocoa, Coffee and Tin.
The ICDX’s vision is to provide market participants with a venue for trading global and regional commodity products within the Asian time zone, thus allowing participants the ability to mitigate risk and facilitate the process of price discovery efficiently.
With Indonesia’s strong resources base and ever-growing volume of physical transactions, the ICDX is staged to become the world’s pricing benchmark for regional commodity products.
The ICDX aims to unlock this huge potential in order to form a more transparent, dynamic and liquid commodities market, empowering each stakeholder in becoming an integral part on the global economic stage.
The ICDX is regulated by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) also known as CoFTRA whose mandate is to promote an open, fair, and credible markets.
Clearing
ICDX clears its transactions through ISI Clearing. ISI Clearing has been appointed as the designated Clearing House for ICDX and will be responsible for all Clearing and Settlement activities. ISI Clearing operates under internationally accepted standards for risk management, margining, and settlement.
In addition, to ensure the highest level of credibility and integrity, ISI Clearing has established a Clearing Fund to minimize counterparty risk. In the event of non-performance by any counterparty, ISI Clearing will step in and fulfill the obligations of the non-performing party and may use its Clearing Fund Mechanism.
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