MEMBERS TYPE AND ELIGIBILITY

MEMBERS TYPE AND ELIGIBILITY

ICDX offer two types of membership to fulfil the need of market in the world: Trader Member and Broker Member. For Trader and Broker member that is not ISI clearing house member, may choose their preffered clearing house.

Trader Members

Trader Members can be corporate or individual that are domiciled locally or internationally.

Corporate entities (e.g. private limited companies, partnerships etc) can be 100% Indonesian owned or 100% foreign owned.

ndividuals entities should be either Indonesian residents with NPWP (Indonesian Tax ID's) or Foreigners with NPWP.

The detail to be eligible in becoming a Trader Member :

Corporate Entities

  • Local Indonesian incorporated companies
  • Traders can be private limited company as well as "sole proprietorship / partnerships" etc (Traders can be any type of legal entity)
  • Indonesian owned 100%
  • Trader entities can be 100% foreign owned (assuming the Trader itself is an Indonesian domiciled entity)
  • Foreign Entities (Remote Memberships)
  • Corporate Remote Members - Structure would typically be a Private Limited Company. Must be a Clearing Member
  • Individual Remote Members – must clear through a Clearing Member

Individuals

  • Local Indonesian Domiciled
  • Indonesian Residents with NPWP (Indonesian Tax ID's)
  • Foreigners with NPWP (Indonesian Tax ID's)
  • International Domiciled
  • Can be any individual that meets with ICDX KYC requirements

Tin Traders Special Requirements

Seller

  • Seller is must be a Registered Exporter of Tin (ET TIMAH) holder.

Buyer

  • Buyer must declare itself as the end-user of Tin.

Broker Members

Broker Members must be corporate applicants that are domiciled locally or internationally. Corporate entities (private limited companies) can be 100% Indonesian owned or up to 95% foreign owned.

For Clearing member, broker members are allowed to take third party funds for any trading related activities. In addition, Broker members can clear and must guarantee all of the trades (own client trades and non-clearing members' trades). For Non Clearing member, Broker members are allowed to gives members the permission to solicit and accept trades from customers. Hence, they are allowed to take third party funds for any trading related activities. All trades done by this category of members are to be cleared by a broker member who has a clearing membership.

The detail to be eligible in becoming a Broker Member:

Corporate Entities

  • Local Indonesian incorporated companies
  • Private limited company (Brokers must be a Private Limited Company)
  • Indonesian owned 100%, or
  • can be up to 95% foreign owned.

ICDX MEMBER