The product is now being traded speculative smelling the national banking industry. Most products come from overseas.

Most of the products that use foreign currencies, especially dollars. The transaction, expected to reach billions of dollars. Through Circular Letter No. 10/42/DPD, Bank Indonesia banned trade in investment banks are included in this structured product.

The definition of structured product is a product issued by a bank which is a combination of an asset with a derivative of the currency of foreign currency against rupiah currency, for the purpose of obtaining additional income (return enhancement), which may encourage the purchase of foreign currency against rupiah for speculative purposes, and can cause instability of the rupiah.

Bank Indonesia and the Capital Market Supervisory Agency-Financial Institution has formed a team that will investigate the speculative products that are offered to ordinary investors. In fact, said Bank Indonesia Senior Deputy Governor Miranda S Goeltom, mostly without the underlying product that can be understood only advanced players. "Players who are not sophisticated to be confused," said Miranda.

Before you get confused real, it's good to know what types and how the rules of speculative products.

1. Dual Currency Deposits

Dual Currency Deposit (DCD) is a short-term deposits in which there is the possibility of conversion of foreign currency in the currency of rupiah, which is connected with the movement of interest rates of two currencies. At maturity, the customer will receive principal and interest in the placement of deposits or currency-denominated partner, depending on which is weaker than the conversion rate is approved.

• Total deposits: $ 1 billion
• deposit currency: Euro
• The currency pairs: U.S. $
• Tenor: 1 month
• Flowers: 15 percent / annual
• Strike level: 11,000

At maturity, the Customer will receive principal and interest in the eye
a weaker currency.

Scenario 1: If the spot exchange rate Spot exchange rate: 10,000
Currencies accepted: U.S. $
Amount received: $ 1 billion + ($ 1 billion * 15% * 30/360) = USD 1.0125 miliar/12000 = U.S. $ 101,250

Scenario 2: if spot rate> strike: 11,000
Spot rates: 12,000
Accepted currencies: USD
Amount received: $ 1 billion + ($ 1 billion * 15% * 30/360) = USD 1.0125 billion.

Banks that offer these products and become a favorite client is HSBC.

2. Callable Forward

Callable forward is an investment instrument that made the customer by doing a combination of forward and option transactions, such as customers long forward and short call option, with the hope to obtain a better price than the market price.

* Customer to forward contracts and options for 3 months with the bank, with a total of 12 (twelve) option contracts, since December 1, 2008 through February 16, 2009, with the following details:

- Volume: U.S. $ 5 million
- Spot Exchange Rate: 12,000
- Customer's 3-month forward contracts by doing:
- Buy a call option: strike price = 12,300
- Sell a put option: strike price = 12,300

* As a result of foreign exchange purchases made through callable forward this transaction, the customer transaction profit of Rp 19.5 billion or about U.S. $ 1.5 million, of which should only Rp 3.5 billion or the equivalent of U.S. $ 270 thousand with details :

- Dollar continues to experience weakness, where the spot price on February 16, 2009 reached Rp 13.000/US $

- At the time of the exchange rate weakened, what happens is:
# Customers are going to exercise its call option so that customers can buy diharga Rp 12,300, but let the put optionnya worthless, so the customer sells at market prices.
# Currency conversion that is used can also vary depending on the agreement with the bank's customers.

Another example callable forward:

* Customer X Ltd. will receive export proceeds in U.S. $ and intends to sell the U.S. $ is on a weekly basis within the next year (the total contract as much as 52 contracts), through a transaction callable forward with the hope of obtaining a better rate than the market rate, with details as follows:

o Deal date: December 1, 2008
o Tenor: 1 year - due on December 1, 2009
o Spot rate: 12,000
o Callable 1 year forward rate: 13,000 = strike price

* In a callable forward transactions, PT X to sell call with a nominal U.S. $ 1 million and to buy a put with a nominal U.S. $ 1 million.

3. Knock Out Forward Weekly Accumulator

This product also creates artificially high dollar demand. In addition, banks will be more profitable if the dollar continues to strengthen. While customers are not able to cancel the contract. Conversely, if the dollar weakened to below the value of the contract within a certain period the bank has the right to cancel the contract.

Examples of accumulator contracts:
- Spot rate: 9400
- Selling rate: U.S. $ 1 = Rp 9650
- Knock out rate: U.S. $ 1 = Rp 9,000
- National ammount: U.S. $ 250 thousand.
- Transactions: 1 year (52 transactions)

Under the contract means:
1. If the spot rate of U.S. $ / USD on ficing expiry date is above Rp 9,000, but under $ 9650, the first party shall sell to the second party (the bank) U.S. $ 250 thousand dollars to receive a rate of U.S. $ 1 = Rp 9650

2. If the spot rate of U.S. $ / USD is at or above USD 9650, the first party shall sell to the second party (the bank) $ 500 to continue to accept dollars with the rate of U.S. $ 1 = Rp 9650

3. If the spot rate of U.S. $ / INR is at or below Rp 9,000, then there is no transaction on that date (knock out) and the first party to sell U.S. $ at market prices.