ICH RULES AND REGULATIONS

ICH RULES AND REGULATIONS

According to the Commodity Futures Trading Act, an Exchange shall be accompanied by a Clearing House. Clearing House is to ensure the settlement of each transaction occurred on the Exchange. The Clearing House is authorized to establish a set of rules and regulations as guidelines of its operations.


Disclaimer : The English version is an unofficial translation of the original in Indonesian version for information purposes only. No liability is assumed by ICH Group for any errors, omissions, or ambiguities in the translations provided on this website. Any person or entity that relies on translated content does so at their own risk. ICH Group shall not be liable for any losses caused by reliance on the accuracy or reliability of translated information. If you would like to report a translation error or inaccuracy, we encourage you to please contact us. In case of a discrepancy, the original Indonesian version will prevail.



This Rules and Regulations of Indonesia Clearing House (ICH) has obtained approval from the Commodity Futures Trading Regulatory Agency (CoFTRA) on 31st May 2018 by virtue of of Letter of Approval of Rules and Regulations of Indonesia Clearing House (ICH) number 139/BAPPEBTI/SD/05/2018.

RULES AND REGULATIONS OF
INDONESIA CLEARING HOUSE
(“PTT ICH”)
2018

The Legal Brief of ICH Rules and Regulations of 2018
PART I COMMODITY FUTURES TRADING
CHAPTER I DEFINITION AND GENERAL TERMS
CHAPTER II MEMBERSHIP
CHAPTER III MANAGEMENT
CHAPTER IV MARGIN AND COLLATERAL
CHAPTER V CLEARING FUND
CHAPTER VI CLEARING SYSTEM AND MECHANISM
CHAPTER VII RIGHTS AND OBLIGATIONS
CHAPTER VIII TRANSACTION SETTLEMENT
CHAPTER IX RULES ENFORCEMENT
CHAPTER X COMPLAINT HANDLING
CHAPTER XI VIOLATION AND SANCTION
CHAPTER XII DISPUTE SETTLEMENT
CHAPTER XIII EMERGENCY SITUATION AND FORCE MAJEUR
PART II CUSTOMER ORDER ROUTING TO OVERSEAS EXCHANGE (PALN)
CHAPTER I DEFINITION AND GENERAL PROVISIONS
CHAPTER II MEMBERSHIP
CHAPTER III MANAGEMENT
CHAPTER IV EXCHANGE LIST AND CONTRACTS
CHAPTER V CLEARING SYSTEM AND MECHANISM
CHAPTER VI RIGHTS AND OBLIGATIONS
CHAPTER VII TRANSACTION SETTLEMENT
CHAPTER VIII DEFAULT AND RULE ENFORCEMENT
CHAPTER IX COMPLAINT HANDLING MANAGEMENT
CHAPTER X VIOLATIONS AND SANCTIONS
CHAPTER XI DISPUTE SETTLEMENT
CHAPTER XII EMERGENCY SITUATION AND FORCE MAJEURE
PART III ALTERNATIVE TRADING SYSTEM (SPA)
CHAPTER I DEFINITION AND GENERAL PROVISIONS
CHAPTER II MEMBERSHIP
CHAPTER III MANAGEMENT
CHAPTER IV CLEARING SYSTEM AND MECHANISM
CHAPTER V RIGHTS AND OBLIGATIONS
CHAPTER VI TRANSACTION SETTLEMENT
CHAPTER VII DEFAULT AND RULE ENFORCEMENT
CHAPTER VIII COMPLAINT HANDLING MANAGEMENT
CHAPTER IX VIOLATIONS AND SANCTIONS
CHAPTER X DISPUTE SETTLEMENT
CHAPTER XI EMERGENCY SITUATION AND FORCE MAJEURE
PART IV PHYSICAL MARKET
CHAPTER I DEFINITION AND GENERAL PROVISIONS
CHAPTER II MEMBERSHIP AND PARTICIPATION
CHAPTER III MANAGEMENT
CHAPTER IV TYPES AND PROVISIONS OF COMMODITY
CHAPTER V CLEARING SYSTEM AND MECHANISM
CHAPTER VI RIGHTS AND OBLIGATIONS
CHAPTER VII TRANSACTION SETTLEMENT
CHAPTER VIII RULE ENFORCEMENT
CHAPTER IX COMPLAINT HANDLING MANAGEMENT
Number Of Decree Years Description Download Legal Information
34/SE-DIR/ICH/IX/2018 2018 The Implementation of EAS (Exchange Administration System)
33/SE-DIR/ICH/IX/2018 2018 Cross Margin
32/SE-DIR/ICH/IX/2018 2018 The Implementation of EAS (Exchange Administration System) Revoked and Amend with SE 34/SE-DIR/ICH/IX/2018
31/SE-DIR/ICH/VII/2018 2018 Stipulation of Indonesia Clearing House (ICH) Rules and Regulations (Rules) -
110/SE-DIR/ICH/V/2018 2018 Margin Top-Up -
109/SE-DIR/ICH/II/2018 2017 Clearing Committee -
108/SE-DIR/ICH/II/2017 2017 Standing Instruction for Tin Ingot Physical Contract -
027/SE-DIR/ICH/ 2017 Fund Withdrawal -
026/SE-DIR/ICH/VI/2016 2017 Margin Deposit Top-Up -
025/SE-DIR/ICH/VII/2015 2015 Margin Top-Up -
024/SE/ISI/VI/2015 2015 Implementation of Head COFTRA Regulation Number 117/Bappebti/Per/03/2015 on Margin Allocation for the Performance of Transactions in the Commodity and Futures Transaction -
023/SE/ISI/II/2015 2015 Export Transaction Details Report -
022/SE-DIR/ISI/X/2014 2014 Exportable Tin Ingot -
021/SE-DIR/ISI/VIII/2013 2013 Margin Deposit Top-Up -
020/SE-DIR/ISI/VI/2013 2013 Imposition of ISI Clearing House Monthly Fee Replaced with SEB 081/SEB/BKDI-ISI/III/2015
19/SE-DIR/ISI/III/2013 2013 Requirements of the Alternative Trading System Membership -
018/SE-DIR/ISI/I/2013 2013 Amendment of SE 003/SE-DIR/ISI/V/2010 on Types of Collateral for Initial Margin -
017/SE-DIR/ISI/I/2013 2013 Imposition of Charges on Margin Deficit in the Implementation of PALN -
016/SE-DIR/ISI/I/2013 2013 Depository Banks in the Implementation of PALN -
015/SE-DIR/ISI/VIII/2012 2012 Margin Deposit Top-Up -
14/SE-DIR/ISI/V/2012 2012 Requirements of the Alternative Trading System Membership Replaced with SE 19/SE-DIR/ISI/III/2013
13/SE-DIR/ISI/XI/2011 2011 Clearing Guarantee Fund (Security Deposit) for the Trader Members of Alternative Trading System Replaced with SEB 081/SEB/BKDI-ISI/III/2015
12/SE-DIR/ISI/XI/2011 2011 Requirements of the Alternative Trading System Membership Replaced with SE 014/SE-DIR/ISI/V/2012
011/SE-DIR/ISI/X/2011 2011 Margin Deposit Top-Up -
010/SE-DIR/ISI/VI/2011 2011 Handling a Breach of Contract -
009/SE-DIR/ISI/IV/2011 2011 Multi Currency Transaction -
008/SE-DIR/ISI/XII/2010 2010 Transaction Reports and Financial Statements -
007/SE-DIR/ISI/XII/2010 2010 Late Charge for Margin Call Fulfillment -
006/SE-DIR/ISI/X/2010 2010 Fund Withdrawal for the Members of PT. Identrust Security International (ISI Clearing House) -
005/SE-DIR/ISI/IX/2010 2010 Maintenance Margin and Critical Margin Level Download -
004/SE-DIR/ISI/IX/2010 2010 Debit Balance -
003/SE-DIR/ISI/V/2010 2010 Types of Collateral for Initial Margin Replaced with SE 018/SE-DIR/ISI/I/2013
002/SE-DIR/ISI/III/2010 2010 Adjustment of Clearing Guarantee Fund (Security Deposit) Amount Replaced with SEB 081/SEB/BKDI-ISI/III/2015
001/SE-DIR/ISI/X/2009 2009 Stipulation of Financial Liabilities for Prospective Clearing Members of ISI Replaced with SEB 081/SEB/BKDI-ISI/III/2015

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