WhatsApp
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JFX

Jakarta Futures Exchange
Requirements for the Tin Physical Market

Requirements for Participants as Seller are as follows:

  • Legal entities established are subject to and based on the laws of the Republic of Indonesia:
    • Copy of the establishment deed of the business entity, deed of amendment to the articles of association and the latest management composition amendment certificate which was approved by the Ministry of Law and Human Rights;
    • Copy of the administrator's identity; and/or
    • Copy of Taxpayer Identification Number (NPWP) of Management and Company;
    • Copy of the Company’s certificate of domicile (SKDP);
  • Mining Permit (IUP) that has been registered in the Minerba One Data Indonesia (MODI) Ministry of Energy and Mineral Resources;
  • Have a Customs Identity Number (NIK);
  • Having an active Export Permit of Tin Ingot;
  • Registered Exporter of Tin Ingot that are still active;
  • Have an active Business Identification Number (NIB);
  • Copy of financial statement;
  • Copy of receipt of registration fee and/or membership dues; and
  • Completed membership application form, the form and content of which are determined by the Tin Exchange.

Requirements for Participants as Buyers are as follows:

Domestic Buyer:

  • Legal entities established are subject to and based on the laws of the Republic of Indonesia;
  • Completed membership application form, the form and content of which are determined by the Tin Exchange;
  • Copy of receipt of registration fee and/or membership dues;
  • Copy of financial statement;
  • Copy of Industrial Business License (IUI) for tin industry or statement letter of traders relating to the use of tin in his country for the trading company user of pure Tin Ingots;
  • Copy of Management’s member identity;
  • Have an active Business Identification Number (NIB);
  • Photocopy of Taxpayer Identification Number (NPWP) of Management and Company;
  • A copy of certificate of domicile of the Company;
  • A copy of business entity's deed of establishment, deed of amendment to the articles of association and the latest management composition amendment document that has been ratified by the Ministry of Law and Human Rights;

Foreign Buyer:

  • Foreign Bank reference letter;
  • Company Profile;
  • Certificate of domicile from the country of origin;
  • A copy of the Company’s Establishment Deed and its amendments (if any) that have been ratified by the competent authority in the State of domicile of the Company;
  • Copy of receipt of registration fee and/or membership dues;
  • Depositing Tin Transaction Guarantees;
  • Statement letter as Tin User Company or Appointment Letter as a representative of Tin user company;
  • Certificate of business license issued by the relevant authorities in the country of domicile of the Company;
  • A copy of valid identity card or passport from board of commissioners and directors;
  • Completed membership application form, the form and content of which are determined by the Tin Exchange.