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- 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.
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- 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 GOLDGRdecrease to Rp. 350.000,- customer will loss but GOLDGRis physical gold product that standarized byANTAMand recognize internationally. Customer can save gold that he bought through exchange as asset and could sell it back to exchange when the price increase.