The Commodity Futures Trading Regulatory (Bappebti) approved Darmawan Capital (PT. Darmawan Manajemen Kapital) to run warehouse receipt system (WRS) warehouse to manage tin commodities.

The warehouse receipt system itself is a trading or financial instrument that allows commodities to be stored in warehouses to obtain financing from financial institutions without collateral.

CEO of Darmawan Capital, Oscar Darmawan said, WRS aims to open access to financing for business actors.

This is possible because in the WRS the warehouse manager can issue proof of ownership of the goods stored in the warehouse, where the evidence can be valid like securities such as land certificates or vehicle BPKB.

“Therefore, in order to maintain public trust in this system, the integrity and commitment of the warehouse manager is needed in maintaining the goods stored in the warehouse,” said Oscar.

In addition, Oscar added, WRS can be a solution for the community in maintaining prices so that there is certainty in the physical commodity market.

The existence of the WRS is triggered because access to financing for agricultural activities is a problem that Indonesian farmers are still facing.

The availability of the warehouse itself is a challenge for farmers so that warehouse receipts become a solution, especially in relation to the high logistics costs for farmers from the point of harvest to the final consumer.

“To improve the supply chain, PT Darmawan Manajemen Kapital (DMK) moves by modernizing through technology,” said Oscar.

Meanwhile, the Head of the Warehouse Receipt System Development and Development Bureau and the Commodity Auction Market, Widiastuti, hopes that Darmawan Capital will be able to become a professional, trusted, and innovative WRS warehouse manager.

“We are waiting for PT DMK’s work to issue tin warehouse receipts for the advancement of this industry in Indonesia, sir,” he said.

The warehouse receipt system, which is one of the national priority programs, is expected to be able to help move the wheels of the economy and improve the welfare of business actors, especially MSMEs and farmers.

This article is cited from Kompas.com.