MEMBERSHIP OVERVIEW
Broker Clearing Member
Broker Clearing Members at ACM are financial institutions that typically service market participants as a broker, allowing them access to the products at ACM and clearing their corresponding trades.
ACCH carefully selects and closely monitors its clearing members to ensure the stability of ACM's markets. Broker clearing members need to be adequately capitalized, meeting regulatory requirements as stipulated by ACCH.
Broker clearing members stand behind all trades made through ACM and assume full financial and performance responsibility for all transactions executed through them and cleared on ACCH, regardless of whether it is for the account of a customer, trading member, or proprietary account. Matched deals can be registered to ACCH for clearing, at any time outside of the electronic auction sessions.
Non clearing brokers are allowed to hold customer funds under segregation and provide access to ACM's markets but are required to appoint a designated Broker Clearing Member to clear its trades.
Broker Members are able to:
Clear their own proprietary trades.
Broke and clear trades of all market participants, including other agencies that are non-clearing brokers, Trading Members and non members.
Match deals outside of trading window sessions and register them on ACCH for clearing.
Collect customer funds and hold them in client segregated accounts.
Financial Requirements
Minimum Capitalization Paid-Up Capital
IDR 10.000.000.000
Security Deposit
IDR 1.000.000.000
Clearing Fund
IDR 1.000.000.000
