MULTILATERAL

Contract

A financial agreement that defines the terms of a trade, including asset type, size, and settlement conditions, ensuring clarity and security in transactions.

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Futures Contracts and Commodity Rolling Contracts Transactions

ON THE JAKARTA FUTURES EXCHANGE

All transactions are subject to the following terms and conditions: 

  1. Margin Deposit (MD) – Funds deposited by the client to the broker, used for trading purposes on the designated exchange. 
  2. Margin Required (MR) – The level or amount of margin per lot that the client must provide when trading futures contracts, whether for open positions in the market or for Pending Orders that may increase the client’s orders. The Margin Required value must be maintained as per the rules set separately. 
  3. Pending Order – A buy or sell order placed by the client that has not yet been matched. Pending Orders may be used to add to or complete open positions in the market. 
  4. Cash Balance (CB) – Changes in the margin resulting from actual additions or subtractions of funds. 
  5. Equity Balance – The Cash Balance plus or minus the Unrealized Profit or Unrealized Loss while trading is ongoing. At the close of trading each day, the Equity Balance is calculated as the sum of the Cash Balance plus the Variation Margin. 
  6. Free Margin (FM) – The sum of the Equity Balance and the Margin Required. 
  7. Ratio – The Equity Balance divided by the total Margin Required. To add a position, the Ratio must not be below 100%. 
  8. Intraday Call Margin – Occurs when the Equity Balance is lower than the Margin Required (Equity Balance ≤ MR) for open positions or Pending Orders during trading hours. The client is required to reduce Pending Orders to add positions or place a liquidation order if the Equity Balance is lower than or equal to half of the Margin Required (Equity Balance ≤ 0.5MR). If this requirement is not met, the company reserves the right to cancel all Pending Orders to add positions and/or liquidate open positions when the Equity Balance is ≤ 0.5MR. 
  9. Call Margin (CM) – A situation where the client’s margin is less than the amount specified by the company and/or the relevant authority. A Call Margin occurs when the Equity Balance is lower than the Margin Required (Equity Balance ≤ MR) for open positions, calculated based on the closing price of the trading day. To maintain the existing positions, the client must add margin so that the Equity Balance is at least equal to the Margin Required, no later than 15:00 WIB on the following trading day. If this obligation is not fulfilled, the company reserves the right to unilaterally liquidate the client’s positions. 
  10. Call from Cash Balance – A situation where the Cash Balance is lower than the total Margin Required (CB ≤ MR). If this occurs, the client must immediately add margin to maintain positions and/or prevent Pending Orders from being canceled. 
  11. Variation Margin (VM) – The value of a buy or sell position that has not been liquidated and is still subject to changes due to price fluctuations. The Variation Margin is calculated based on the settlement price at the end of the trading day. 
  12. Unrealized Profit/Loss – The value of a buy or sell position that has not been liquidated and may experience changes due to price fluctuations. The Unrealized Profit or Loss is based on the best bid (buy price) and best ask (sell price) in the market. 
  13. Commission – The fee that the client must pay to the broker every time a futures transaction is executed based on the client’s orders processed by the broker. 
  14. Lot – The smallest unit of a transaction. 
  15. Final Settlement Mechanism – Includes Cash Settlement (specific to Gold Rolling Contracts and Gold Indices) and Physical Delivery (specific to Futures Contracts), as well as Physical Exchange for Futures (specific to Futures Contracts). 

Final Settlement Mechanism 

  • Cash Settlement (Only for Rolling Gold and Index Gold Contracts): This is the settlement mechanism where transactions are settled in cash at the end of the contract’s trading period, with all associated costs being the responsibility of the client. 
  • Physical Delivery (Only for Futures Contracts): This settlement mechanism involves the physical delivery of the underlying asset. Ten days before the futures contract enters the spot month, the client must confirm the physical delivery of the commodity…. 
  • Exchange for Physical (Only for Futures Contracts): This settlement mechanism involves the exchange of the futures contract for the physical asset. The client must already have an agreement for an off-exchange transaction involving the same contract and lot size…. 

Margin In & Margin Out 

  • Margin In: Every deposit of funds must be transferred to the Segregated Account of PT Trident Pro FUTURES. 
  • Margin Out: Any withdrawal of funds by the client will be transferred to the client’s bank account. Withdrawal requests are only accepted before 11:00 WIB, except on National Holidays or banking holidays. 

Account Closure Terms 

An account can only be closed if the client has no open positions (free position) and has withdrawn all remaining funds (Equity Balance = 0). In this case, the transaction account will be automatically closed. 

Special Terms 

  1. All transactions on the Jakarta Futures Exchange will be accepted and executed once the client has deposited the required margin in accordance with the regulations.
  2. Transaction Mechanism
  3. Orders can be placed through the online system. 
  4. Client orders are considered matched if the offered price is available on the exchange and matches the number of lots. 
  5. Orders are placed based on price priority and time priority. 
  6. Once a buy and sell order match (i.e., the order is filled), the transaction is considered complete and cannot be cancelled or modified. 
  7. Daily Price Movement Limits (Only for products where the final settlement mechanism is physical delivery): 
  8. These are the limits for price movements above or below the settlement price of the previous trading day as determined by the exchange. 
  9. If the price movement reaches the daily price movement limit, trading for that contract month will be temporarily suspended. 
  10. Trading may resume once the daily price movement limit is widened, as per the exchange’s regulations. 
  11. The daily price movement limit does not apply to the spot month (physical delivery). 
  12. Market Order is an order that is executed at the best available bid or ask price on the exchange. 
  13. Contingent Order is a pending order placed by the client that will be matched if the buy or sell price available on the exchange reaches the price specified by the client. 
  14. Limit Order: An order placed at a specific price requested by the client. 
  15. Stop Limit Order: An order placed to limit potential losses by specifying a price at which the order will trigger. 
  16. Take Profit Order: An order placed to secure profit when the price reaches a specified level of gain. 

Remarks 

  1. In case of any issues, the objection must be submitted to the relevant authority (management) no later than 30 minutes after the problem occurs. 
  2. The above regulations may change at any time without prior notice. 
  3. The client is considered to have agreed to the content of the statement if no written objection is received from the client within 2 (two) business days of the statement being issued. 
  4. PT Trident Pro FUTURES has the right to amend the statement within 2 (two) business days from the date of the statement if an error occurred on the part of PT Trident Pro FUTURES. 
  5. Any matters not covered in these regulations will be determined later. 

All regulations above apply under normal economic conditions and may be subject to change at any time. New regulations will be added as necessary. Without violating the Client Agreement, I declare that I have received and agreed to all the regulations provided. 

By filling in the “YES” box below, I declare that I have read the “TRADING RULES”, understood, and comprehend the terms and conditions for trading. 

 

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PT Trident Pro Futures is one of the companies engaged in financial management services, established under the Deed of Limited Liability Company PT Indosukses Futures Jakarta Futures Exchange (BBJ) and the Commodity Futures Trading Supervisory Agency (BAPPEBTI), which has been approved from the Minister of Justice and Human Rights of the Republic of Indonesia.

Customer Service

Contact Info

  • 021-252-6850 (Hunting)
  • [email protected]
  • Sona Topas Tower, Lantai 17 Suite 12-04, Jl. Jend.Sudirman No.26 RT.4/RW.2 Kuningan, Karet, Kec.Setiabudi Jakarta Selatan - 12920
  • Mon-Fri : 10:00 - 17:00

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