Hours

Trading
14:30 - 14.45

INATIN AUCTION PRICE

Date Price Volume
2012-05-18 21,500 1
2012-05-16 21,900 1
2012-05-15 22,000 1
2012-05-14 22,300 1
2012-05-11 22,320 1
2012-05-10 22,900 1
2012-05-09 23,515 1
2012-05-08 23,520 1
2012-05-07 23,500 1
2012-05-04 23,515 3
2012-05-03 23,550 1
2012-05-02 23,595 0
2012-05-01 23,595 1
2012-04-30 23,585 1
2012-04-27 23,565 1
2012-04-26 23,580 1
2012-04-25 23,550 1
2012-04-24 23,555 1
2012-04-23 23,560 1
2012-04-20 23,575 1
2012-04-19 23,570 1
2012-04-18 23,550 1
2012-04-17 23,550 1
2012-04-16 23,560 0
2012-04-13 23,560 1
2012-04-12 23,560 1
2012-04-11 23,565 1
2012-04-10 23,550 1
2012-04-09 23,575 1
2012-04-05 23,575 1
2012-04-04 23,565 1
2012-04-03 23,565 1
2012-04-02 23,550 1
2012-03-30 23,575 1
2012-03-29 23,560 1
2012-03-28 23,550 1
2012-03-27 23,555 1
2012-03-26 23,555 1
2012-03-22 23,575 1
2012-03-21 23,560 1
2012-03-20 23,700 1
2012-03-19 23,850 1
2012-03-16 24,050 1
2012-03-15 24,050 1
2012-03-14 24,150 1
2012-03-13 24,040 1
2012-03-12 24,025 1
2012-03-09 24,015 1
2012-03-08 24,005 1
2012-03-07 24,000 1
2012-03-06 24,000 1
2012-03-05 24,150 1
2012-03-02 24,150 1
2012-03-01 24,300 1
2012-02-29 24,135 1
2012-02-28 24,010 1
2012-02-27 24,150 20
2012-02-24 24,085 1
2012-02-23 24,005 1
2012-02-22 24,685 3
2012-02-21 24,665 2
2012-02-20 24,660 2
2012-02-17 24,600 1
2012-02-16 24,585 1
2012-02-15 24,850 1
2012-02-14 25,375 1
2012-02-13 25,550 1
2012-02-10 25,280 1
2012-02-09 25,530 1
2012-02-08 24,600 5
2012-02-07 24,375 0
2012-02-06 24,375 1
2012-02-03 24,350 1
2012-02-02 24,330 1
2012-02-01 24,500 2
Untitled Document

ICDX INATIN CONTRACT SPECIFICATIONS

 

 SYMBOL

INATIN

TRADING 

Price Quote

1.  Quoted in USD per metric tons with accumulation of 5 (five) USD

2.   Based on Free On Board (FOB) export price at Loading Ports 

 3.  Exclusive of Value Added Tax (VAT)

 

Contract Size (Lot)

5 Metric Tons

Trading Period

Monday - Friday

Trading Hours

14.30 – 14.45 PM (Jakarta Time) with the Open Auction Mechanism

Daily Settlement Price

Transaction price for every Trading Period

MARGIN

Initial Margin Buy Position

30%

DELIVERY

Loading Ports

1.   Mentok, Bangka Island

2.   Pangkal Balam-Pangkal Pinang, Bangka Island

3.   Other Ports determined by the Exchange from time to time

 

Minimum Deliverable Unit

1 lot (5 Metric Tons) or for every accumulation

Deliverable Quality

1.   Sn (Tin) with a minimum purity level 99.90% and other contents with the following level:

·         Fe (Ferrum) maximum 50 ppm;

·         As (Arsenic) maximum 170 ppm;

·         Pb (Plumbum) maximum 360 ppm;

·         Cu (Copper) maximum 90 ppm;

·         Bi (Bismuth) maximum 40 ppm;

·         Sb (Stibium) maximum 70 ppm.

·         Ni (Nickel) maximum 40 ppm;

·         Co (Cobalt) maximum 10 ppm;

·         Cd (Cadmium) maximum 10 ppm;

·         Zn (Zinc) maximum 10 ppm;

·         Al (Aluminium) maximum 10 ppm;

·         Ag (Argon) maximum 10 ppm;

·         S (Sulfur) maximum 10 ppm;

·         Cr (Chromium) maximum 5 ppm; dan

·         Hg (Mercury) maximum 5 ppm.

2.   For each bar of Tin shall be printed by logo and/or trademark of respective smelter, and/or labeled of Indonesian National Standard (SNI).

 

Delivery and Payment Procedures

See Appendix

 

 

 

APPENDIX

 

DELIVERY AND PAYMENT PROCEDURES

I.   Physical Delivery Procedures of Tin INATIN 

 

Without prejudice to other provisions, the Clearing Member of Seller and Buyers shall ensure that the Buyer and Seller have taken the necessary steps to ensure the time and implementation of Physical Delivery of Tin INATIN. Physical Delivery of INATIN should be submitted through the Clearing House with the following provisions:

1.  Payment Obligation by Buyer

Buyer shall make payment of the Contract Value of Tin INATIN to the Clearing House for no later than 15.00 PM (Jakarta Time) on the second Business Days (T+2) after Trading Date. If Buyer unable to meet the obligations, it would be declared as Failure to Pay.

2.  Delivery of Bukti Simpan Timah (BST) Obligation by Seller

Seller must submit the certificate of Bukti Simpan Timah (BST) to the Clearing House for no later than 12.00 PM (Jakarta Time) on Trading Day (T+0). If Buyer unable to meet the obligation, Seller cannot conduct a transaction in Exchange.

3.  Warehouse Manager Obligation

Warehouse Manager is responsible to Tin INATIN until it is physically shipped and passing the rail pass (safety fence ship) in the Loading Ports, including but not limited to the following matters:

a.     Quality Testing

b.     Acceptance and Storage of Physical Tin INATIN from Seller;

c.     Transport to Loading Port;

d.     Insurance;

e.     Escort;

f.      Loading onto the ship;

g.     Export Document.

 

4.  Seller will receive a payment from the Clearing House with the following provisions :

i. The Clearing House will make a payment to the Seller Clearing Member’s Account  as much as 70 (seventy) percent from the value of Physical Contract Tin INATIN in 1 (one) Business Day after Clearing House receiving payment;

ii. The Clearing House will pay the rest of payment to the Seller Clearing Member’s Account after Clearing House receive the Bill of Lading;

iii. The rest of payment that is stated in number (ii) above, is after the deduction of total liabilities from Seller Clearing Member of all costs as stated in Number 3 above.

II.  Procedures in Getting the certificate of Bukti Simpan Timah (BST) 

 

1.  Seller submit Physical Tin INATIN to the warehouse designated by the Exchange and Clearing House.

2.  Warehouse Manager will test the quality of Physical Tin INATIN received.

 

3.  Warehouse Manager will issue the certificate of Bukti Simpan Timah (BST) for a proper Physical Tin INATIN. The certificate of Bukti Simpan Timah (BST) must consist at least the name of Warehouse Manager, the location of registered warehouse, number of certificate of Bukti Simpan Timah (BST), the expiry date of warehouse rent that has been paid, the name and position of Bukti Simpan Timah (BST) signer, and information about the quality of Physical Tin INATIN. The certificate of Bukti Simpan Timah (BST) issued for each lot.

 

The ICDX Logo, ICDX®, Indonesia Commodity and Derivatives Exchange®,“Trade at the source™” are trademarks of Indonesia Commodity and Derivatives Exchange. All matters pertaining to rules and specifications herein are made subject to and are superseded by official ICDX rules. The most current rules and regulations should be consulted in all cases concerning contract specifications. Copyright © 2009 ICDX. All rights reserved.