PALN (Penyaluran Amanat Luar Negeri) or Foreign Futures Market are products tradable in foreign exchanges that are transactable in Phillip Futures. 

We offer products in three main categories:

1. Stock Index: FTSE Indonesia Index Futures, Micro E-mini US Index and FTSE China A50 Index
2. Commodities: Energy, Metals and Agriculture
3. Currency: AUD, GBP, CAD, INR, YEN, CHF, EUR, NZD, MXN, E-mini Yen, E-mini EUR, E-micro AUD, E-micro GBP, E-micro INR, E-mini EUR

Commodities trading involves undertaking an agreement to buy or sell a set amount of a commodity at a predetermined price and date. Buyers use these to avoid the risks associated with the price fluctuations of the products or raw materials while sellers try to lock in a price for their products.

We offer commodity products in three main categories:

1. Energy Futures contracts: Crude Oil, E-mini Crude Oil, Micro WTI Crude Oil, Henry Hub Natural Gas, E-mini Natural Gas & etc.
2. Metal Futures contracts: Gold, Mini-sized Gold, Silver, Mini-sized Silver, Copper, Palladium, Platinum & etc.
3. Agricultural Futures contracts: Corn, Coffee, Soybean Meal, Soybean Oil & etc.

Please enquire to WhatsApp (62) 855 9906 525 or email us at futures@phillip.co.id for complete product list.

The minimum fund for trading PALN varies depending on the product and contract size.

You may call or WhatsApp us at (62) 855 9906 525 or email futures@phillip.co.id to enquire about the margin requirements.

In general, the difference between PALN and CFD lies in the Initial Margin, Expiry Date, Swap and Products.

1. An account is considered to be at low equity whenever the equity balance falls below 50% of the initial margin (IM) of the open position(s) held in the account.
2. Forced liquidation, on a best effort basis, can take place when the equity reaches 30% of the initial margin. 
3. Force liquidations will be executed for all open positions on Phillip Future’s policy. Informing of customers during low equity and forced liquidations are carried out on a best effort basis.
4. To prevent any Forced Liquidation, please top-up your account or reduce your position(s) such that the remaining equity meets or exceeds the required initial margins. The account can be at low equity again if the equity continues to fall below 50% despite the earlier top up.
5. Please note that top-up/deposits can only be done between 09.00-18.00WIB in order to be processed on the same day.

Phillip Futures does not give out interest for leftover funds in certain currencies on Client’s trading account. Client’s funds are withheld in a segregated account in the Clearing House.

No. Phillip Futures will not do any currency conversion to cover the deficit without your expressed consent or instructions. An exception may be made if your account is in danger of going into over-loss due to exchange rate fluctuations. 

Phillip Futures will notify you to convert currency before the cut off time.

Failure convert currency will result in force liquidation by PT Phillip Futures. Evaluation and fluctuations in foreign currencies are based on the assumption that daily currency fluctuations are 3%, this presentation is only a benchmark and may change depending on Phillip Future’s policy. If there are high currency fluctuations which may result in a deficit in the Client’s Account, the Client will be responsible for settling the deficit.

A margin call is determined at the end of business day when the Equity Balance is insufficient to cover the Initial Margin (IM)/ Maintenance Margin (MM) required for the open position(s) held overnight.

By the next morning, our officer will inform the customer (via sms/ whatsapp/ phone) on the margin call amount, and customer needs to deposit the full margin call amount, or alternatively customer can reduce the position according to the call required.

Cut off time to meet the margin call is before 12.00 WIB (T+1 before 12.00 WIB)

When failing to meet the margin call required at the stipulated time, customer position(s) will be liquidated to meet the call amount and on the company discretion. If the client fulfill partial margin call requirement, PT Phillip Futures reserves the right to liquidate the partial to meet call amount. The liquidation will be based on the initial margin that is closer to the call amount.

For futures products, close out position will be based on First in First out Intraday Priority method

First Notice Day (FND) refers to the first date on which notices of intention to deliver actual commodities against futures are authorized. FND date varies by commodity and exchange. If customers are holding a long open position, customer will need to liquidate or roll over the long position one working day prior to the FND.

Meanwhile Last Trading Day (LTD) refers to the final day during which trading may take place in particular futures delivery month. This is according to the rules set by the exchange. Futures contracts that remain outstanding at the end of LTD must be settled by delivery. If customers are holding a short open position, customer will need to liquidate/ rollover the short position one working day prior the Last Trading Day to avoid physical delivery.

Customers are encouraged to monitor their positions so that customer aware of the FND/ LTD of the respective futures contracts in customer portfolio. We will do our best to send a reminder email to customers on FND/ LTD. PT Phillip Futures do not facilitate physical delivery for all PALN contracts, if customer’s position is not squared by designated time, PT Phillip Futures will assist to liquidate client’s position(s). This is necessary in order to prevent any physical delivery of PALN contracts which we do not facilitate. In the event that PT Phillip Futures are unable to carry out the liquidation successfully, PT Phillip Futures will not be held liable for any direct or indirect loss, cost or damages of any kind arising from customer’s position being subjected to delivery.

Clients are able to do deposits to their trading accounts during these hours, 09.00 – 18.00 WIB on Monday to Friday.