MEMBERSHIP

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 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 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.

1. To apply for membership, please complete the document.
   • BROKER
     ICDX Form
   ICH Form
   
   
   • TRADER
     ICDX Form
   ICH Form
   
   
   • TIN
     ICDX Form
   ICH Form
   
   
   • Local TIN Participant
     ICDX Form
   
   
   
2. If you have any questions or if you have submitted an application and have not received a confirmation email within 3 business days of your submission, please contact Membership Division at +62 21 3002 7788 Ext 226 / 08315880799 or at membership@icdexchange.com.

To register as a member, please compile all the document and send it to:

PT Indonesia Commodity & Derivatives Exchange (ICDX)
Jl. Prajurit KKO Usman & Harun No. 16.
RT.2/RW.1, Senen, Central Jakarta
DKI Jakarta, Indonesia 10410.

1. What types of memberships are available ?
   Non Clearing Membership Types
   
   1. Trader Members
      Trader Members can be corporate or individual that are domiciled locally or internationally. This class of membership does not allow members to solicit and accept trades from customers. Trader members can only trade on their own house account. All in-house trades done by this category of members are to be cleared by a broker member who has a clearing membership.
   2. Broker Members
      Broker Members must be corporate entities that are domiciled locally or internationally (up to a limit of 99% foreign owned). This class of membership gives members the permission to solicit and accept trades from customers. Hence, broker members 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.
   
   Clearing Membership Types
   
   1. Trader Members
      Trader Members can be corporate or individual that are domiciled locally or internationally. This class of membership does not allow members to solicit and accept trades from customers. Trader member can only trade and clear their own in-house trades.
   2. Broker Members
      Broker Members must be corporate entities that are domiciled locally or internationally (up to a limit of 99% foreign owned). This class of membership gives members the permission to solicit and accept trades from customers. Hence, broker members are allowed to take third party funds for any trading related activities. In addition, broker members can clear and guarantee all trades (own client trades and non-clearing members' trades).
2. Who are eligible for Membership in ICDX ?
   
   1. 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. Individuals should be either Indonesian residents with NPWP (Indonesian Tax ID's) or Foreigners with NPWP.
   2. Broker Members
      Broker Members must be corporate applicants that are domiciled locally or internationally). Corporate entities (e.g private limited companies, partnerships etc) can be 100% Indonesian owned or up to 99% foreign owned.
   
   
3. Legal Entities Eligible for Membership
   
   1. Corporate Entities
      
      1. Local Indonesian incorporated companies
         1. Private limited company (Brokers must be a Private Limited Company)
         2. raders can be private limited company as well as "sole proprietorship / partnerships" etc (Traders can be any type of legal entity)
         3. Indonesian owned 100%
         4. Trader entities can be 100% foreign owned (assuming the Trader itself is an Indonesian domiciled entity)
         5. Broker entities cannot be 100% foreign owned. Broker entities operating in Indonesia can be up to 99% foreign owned. Broker entities can only be private limited companies
      2. International Entities (Remote Memberships)
         1. Corporate Remote Members - Structure would typically be a Private Limited Company. Must be a Clearing Member
         2. Individual Remote Members – must clear through a Clearing Member
   2. Individuals that can be Exchange Members
      1. Local Indonesian Domiciled
         1. Indonesian Residents with NPWP (Indonesian Tax ID's)
         2. Foreigners with NPWP (Indonesian Tax ID's)
      2. International Domiciled
         1. Can be any individual that meets with ICDX KYC requirements
         2. Individual Remote Members – must clear through a Clearing Member
   
   
4. How does one apply for membership ?
   Please click here to go to the section to download the application forms.
5. What are the membership application fees ?
   Application fees are as follows:
   

   	Broker Member	Corporate Trader Member(Local)	Individual Trader Member(Local)	Corporate Trader Member(Remote)	Individual Trader Member(Remote)
   Application Fees	IDR 1,100,000	IDR 1,100,000	IDR 1,100,000	USD 100	USD 100

6. How do I pay the membership fees ?
   Applicants should transfer the application fees to one of the following bank accounts.
   
   For ICDX Registration and Joining Fee Payment (Broker and Trader)

   Name of Bank	Bank Central Asia (BCA)
   Bank Address	Wisma Asia S. Parman St Kav 79, Jakarta 11410
   Benificiary Account Name	PT Bursa Komoditi dan Derivatif Indonesia
   Benificiary Account Number	(IDR) 084.565.1111
   Swift Code	CENAIDJA

   Name of Bank	Bank International Indonesia
   Bank Address	Jl S Parman Kav 19, Jakarta 11480
   Benificiary Account Name	PT Bursa Komoditi dan Derivatif Indonesia
   Benificiary Account Number	(IDR) 2 141 319526
   Swift Code	IBBKIDJA

   Name of Bank	Bank Sinarmas
   Bank Address	Jl. MH Thamrin No.51,Tower I,GF,Jakarta 10350
   Benificiary Account Name	PT Bursa Komoditi dan Derivatif Indonesia
   Benificiary Account Number	(IDR) 0000 1853 88
   Swift Code	SBJKIDJA

   Name of Bank	Bank Sinarmas
   Bank Address	Jl. MH Thamrin No.51,Tower I,GF,Jakarta 10350
   Benificiary Account Name	PT Bursa Komoditi dan Derivatif Indonesia
   Benificiary Account Number	(USD) 0000 344 877
   Swift Code	SBJKIDJA

   For ICDX compensation Fund Account (Broker)
   

   Name of Bank	Bank Central Asia (BCA)
   Bank Address	Chase Plaza Building 1st ,3rd Floor, JL.Jend Sudirman kav 20-21,Jakarta 12920
   Benificiary Account Name	PT Bursa Komoditi dan Derivatif Indonesia
   Benificiary Account Number	(IDR) 035 311 96 88
   Swift Code	CENAIDJA

   Name of Bank	Bank Central Asia (BCA)
   Bank Address	Chase Plaza Building 1st ,3rd Floor, JL.Jend Sudirman kav 20-21,Jakarta 12920
   Benificiary Account Name	PT Bursa Komoditi dan Derivatif Indonesia
   Benificiary Account Number	(USD) 035 315 28 98
   Swift Code	CENAIDJA

   Name of Bank	Bank Sinarmas
   Bank Address	Jl. MH Thamrin No.51,Tower I,GF,Jakarta 10350
   Benificiary Account Name	PT Bursa Komoditi dan Derivatif Indonesia
   Benificiary Account Number	(IDR) 00 238 630 97
   Swift Code	SBJKIDJA

   For ICH Registration and Joining Fee Payment (Broker and Trader)
   

   Name of Bank	Bank Central Asia (BCA)
   Bank Address	Chase Plaza Building 1st ,3rd Floor, JL.Jend Sudirman kav 20-21,Jakarta 12920
   Benificiary Account Name	PT Indonesia Clearing House
   Benificiary Account Number	(IDR) 084.574 1111
   Swift Code	CENAIDJA

   Name of Bank	Bank Sinarmas
   Bank Address	Jl. MH Thamrin No.51,Tower I,GF,Jakarta 10350
   Benificiary Account Name	PT Indonesia Clearing House
   Benificiary Account Number	(IDR) 000 254 7686
   Swift Code	SBJKIDJA

   Name of Bank	Bank Sinarmas
   Bank Address	Jl. MH Thamrin No.51,Tower I,GF,Jakarta 10350
   Benificiary Account Name	PT Indonesia Clearing House
   Benificiary Account Number	(USD) 0000 460 777
   Swift Code	SBJKIDJA

7. Where do I send my application forms and supporting documents to ?
   

   To become a member, please complete the appropriate application form as originals, duly signed together with all the supporting documents to:
   PT. Indonesia Commodity & Derivatives Exchange (ICDX).
   Jl. Prapatan No. 16, Senen
   Jakarta 10410
   Indonesia

8. After submitting my application, what happens next ?
   

   After submitting your application, our committee will review your application. Once your application has been approved, you will be notified on the status of your application via email or mail. If you do not receive an email from ICDX within 14 working days of your submission, please call or email us at membership@icdexchange.com.

9. Once my application is approved, what happens next ?
   

   Once your application is approved, you will be required to pay the relevant fees stated in the deposit assistance form before the membership is issued to you.
   A copy of the deposit assistance form is available here:
   

   • Deposit Assistance Guide for Exchange Memberships Download
   • Deposit Assistance Guide for Clearing Memberships Download

10. What type of currencies is accepted by ICDX for payment of the relevant fees ?
    

    ICDX only accepts fee payment in Indonesian Rupiah and US Dollar.

11. Who pays for the bank charges for the transfer of the relevant fees ?
    

    Bank fees are to be paid by the members.

12. How do I get help with regards to submitting my membership application ?
    

    Please email us at membership@icdexchange.com if you need help with regards to submitting your membership application.