PRESIDENTIAL DECREE
NO. 119/2001 DATED NOVEMBER 26, 2001 ON
COMMODITIES WHICH CAN BE USED AS THE SUBJECT OF FUTURE CONTRACTS
THE PRESIDENT OF THE REPUBLIC OF INDONESIA,
Considering :
a. that in accordance with the provisions in Article 3 of Law No. 32/1997 on Futures Commodity Trading, commodities which can be used as the subject of future contracts as stipulated by a presidential decree; b. that in order to realize economic functions of futures commodity trading, viz the facility of value hedging
and transparent pricing and to guarantee business certainty and continuation in the long term in the increasingly competitive era, it is necessary to stipulate commodities which can be used as the subject of future contracts by a presidential decree.
In view of :
1. Article 4, sub-article (1) of the State Constitution of 1945 as already amended by the Third Amendment to the State Constitution of 1945;
2. Law No. 32/1997 on Futures Commodity Trading (Statute Book of 1997 No. 93, Supplement to Statute Book No. 3720);
3. Government Regulation No. 9/1999 on the Establishment of Futures Commodity Exchange (Statute Book of 1999 No. 16, Supplement to Statute Book No. 3805);
4. Presidential Decree No. 12/1999 and Presidential Decree No. 37/2000 on Commodities which can be Used as the Subject of Futures Contracts.
DECIDES :
To stipulate :
THE PRESIDENTIAL DECREE ON COMMODITIES WHICH CAN BE USED AS THE SUBJECT OF FUTURE CONTRACTS.
Article 1
(1) To add sugar, peanut, soybean, clove, shrimp, fish, fuel oil, natural gas, electricity power, gold, coal, tin, pulp and paper, yarn, cement and fertilizer as commodities which can be used as the subject of future contracts.
(2) Following the addition of the commodities as meant in sub-article (1), commodities which can be used as the subject of future contracts are coffee, palm oil, plywood, rubber, cacao, pepper, granulated sugar, peanut, soybean, clove, shrimp, fish, fuel oil, natural gas, electricity power, gold, coal, tin, pulp and paper, yarn, cement and fertilizer.
Article 2
This presidential decree starts to be effective on the date of stipulation.
THE PRESIDENT OF THE REPUBLIC OF INDONESIA sgd.
