KBI Strengthens Role in Commodity Futures Trading Ecosystem Development through Bulan Literasi PBK 2024

16 Oct 2024

Jakarta, October 16, 2024

PT Kliring Berjangka Indonesia (PT KBI) conveyed its commitment to continue strengthening its strategic role in supporting commodity futures trading in Indonesia, especially in strengthening multilateral transactions based on superior commodities. This was seen in the closing ceremony of the 2024 Commodity Futures Trading Literacy Month (PBK) which was held in Jakarta on October 12, 2024 with the theme "PBK Transformation in the Digital Era".

The Head of Bappebti, Kasan, in his remarks, emphasized the importance of developing multilateral transactions based on commodities such as CPO, coffee, cocoa, rubber, tin, nickel, and coal. He stated that literacy and education about PBK must continue so that the public better understands the great potential of this industry.
Responding to this, President Director of PT KBI, Budi Susanto stated, "We are ready to support the vision of strengthening multilateral transactions by providing a guarantee of safe and transparent clearing. PT KBI plays an important role in ensuring trusted transaction settlement, so that the public and business actors can be more confident in participating in the commodity futures market. Budi added, "With this activity, we can strengthen the synergy between business actors in the PBK ecosystem. So, each actor has the same awareness and responsibility to commit to creating a healthier and more advanced industry. Ultimately, we can educate the public to be more careful in looking at the risk and legal aspects that are the basis for transaction security in PBK." Until June 2024, the total PBK transactions recorded at PT KBI were 3,855,248.5 lots.
PT KBI emphasized that strengthening multilateral transactions is an important part of efforts to encourage the creation of credible reference prices for Indonesia's strategic commodities. As a clearing institution, PT KBI has a vital role in maintaining financial integrity and creating an orderly and stable market by providing transaction guarantees. With synergy with Bappebti, the Indonesian Commodity Futures Trading Association (Aspebtindo), the Jakarta Futures Exchange (JFX) and other industry players, PT KBI is committed to supporting strategic steps in encouraging increased transaction volume and expanding market reach.
In the digital era, PT KBI continues to innovate by developing a technology-based clearing service platform, which aims to provide easy access, speed, and security for business actors. This digital service optimization is carried out to ensure that futures trading transactions can take place more efficiently and support business actors in carrying out their activities without obstacles.

Although the 2024 PBK Literacy Month has officially closed, PT KBI is committed to continuing to support ongoing literacy and education programs. PT KBI plays an active role in increasing public understanding, especially the millennial and Gen Z generations, about Commodity Futures Trading and its risks and benefits. Throughout this Literacy Month from August to October 2024, PT KBI is also involved in various online and offline activities, such as talk shows, panel discussions, open booths at various campuses in Indonesia and exploring topics related to PBK through the PT Kliring Berjangka Indonesia Youtube channel which aims to educate the wider community.

According to the report of the Chairperson of the 2024 PBK Literacy Month Committee, Zulfan S. Bahri, this activity has succeeded in reaching more than 120,000 participants in online activities, and was attended by more than 5,000 participants in offline activities in various cities. This shows the increasing enthusiasm of the community for the PBK industry.

As part of the closing ceremony, Bappepti also gave appreciation to various parties who contributed to the success of the 2024 PBK Literacy Month, including Aspebtindo, Bakti, Bursa, Kliring Berjangka, Brokers Berjangka, Traders Berjangka, Physical Gold Traders Digitally, Futures Advisors, and Margin Deposit Banks. This appreciation is a form of recognition of the collaboration that has been well established throughout the event.