Regulatory Alerts2008-07-01
Appendix to Regulation of the Head of the Commodity Futures Trading Regulatory Agency Number 09/BAPPEBTI/PER-SRG/7/2008 on Warehouse Receipt Pledge Procedures and Technical Guidelines
The Head of the Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation No. 09/BAPPEBTI/PER-SRG/7/2008 to establish standardized procedures and technical guidelines for pledging warehouse receipts in Indonesia. The regulation mandates the use of the SRG-Online system for verifying receipt validity, recording pledge encumbrances, and managing changes or releases of security interests. It further details the legal process for selling pledged warehouse receipt objects in cases of default by the pledgor, including specific notification requirements and transfer mechanisms without court intervention.
Share