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Decree No. 650/MPP/Kep/10/2004 concerning provisions on the operation of forward auction market of agro commodities.

Pays/Territoire
Indonésie
Type du document
Règlement
Date
2004
Source
FAO, FAOLEX
Source d'origine
Business News No.7155-7156, 29 December 2004, pp. 2A-12A.
Sujet
Agriculture et développement rural
Mot clé
Produits agricoles Commerce intérieur Institution
Aire géographique
Asie, Asie et Pacifique, East Asian Seas, Océan Indien, Asie du Sud-Est
Entry into force notes
The Decree enters into force on 18 October 2004.
Résumé

This Decree provides for the development of a forward auction market of agro commodities. The Futures Commodity Trade Supervisory Board, referred to as the Bappebti fosters in the Decree, regulates and supervises the implementation of activities of forward auction market of agro commodities (art. 3). Organizers of the Forward auction market must establish an organizational structure and are obliged to cooperate with clearing and underwriting institutions to assure the settlement of transactions (arts. 7-10). Chapter III defines the members of the forward auction market, requirements that must be fulfilled, rights and obligations of members, etc. Chapter V defines the mechanisms of transaction of the forward auction market.

Texte intégral
Anglais