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Logo Minnapadi
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Institution

Terms & Conditions - Institusi

  • Minimum Initial Deposit of Rp 10.000.000,- (Ten Million Rupiah)
  • Buying Commission 0,25%
  • Selling Commission 0,35%
  • Trading Limit or Buying Power is 2x cash balance plus  1x value of stock portofolio after haircut.
  • Stock Delivery cost to or from other securities companies is Rp. 25.000,- (twenty five thousand Rupiah) per stock code.
  • Funds Withdrawals cost (RTGS/Transfer) is customers’ responsibility.
  • Buying customer is obliged to settle his payment on securities purchased plus commission and other stock exchange charges on T+2, latest on T+3 morning, the fund should be available in customer fund account (in good fund). 
  • In case customer has not settled payment on T+3(Transaction day + 3 days),  starting on T+4 Minna Padi will apply suspend buy and on T+5, the Company has the right to sell the customer’s stocks to cover for purchase transaction (Forced Sell), and in case the funds are inadequate, the customer is obliged to pay off the remaining balance upon collection from Minna Padi.
  • Selling Customer will receive payment on securities sold after deduction of commission and other charges on T+3 in Customer’s Fund Account.
  • Penalty on late payment is applied on T+4 as much as 0,1% per Calendar Day.
  • The instruction to withdraw fund and/or to deliver stock can be carried out one day after complete instruction is received by the Company.  (one day = one exchange working day)
  • Customer Transaction Confirmation & Monthly Statement of Account will be sent to customer by email unless instructed differently in writte.

Document needed for Open Account:

  • photocophy of Deed of Establishment and the changes
  • photocophy of Deed of latest Shareholder as well as latest of Directors and Board of Commisioner
  • photocophy of Domicile, tax number, business licences, company registration and/or other business licences
  • photocophy of identity and tax number of Directors and Board of Commisioner
  • Original Approval from Board of Commisioner or Shareholder (if necessary, according to Article of association of company)
  • Photocophy the latest financial statement
  • Original Power of Athorney (If any)

Minna Padi any time has right to amand and/or to add terms and condition for all account registered in Minna Padi (if necessary).

 


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