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Settlement, Clearing and Delivery in the Secondary Market

1- In the auction form of offering, the settlement and delivery shall be executed in accordance with the rules and regulation of IME spot transactions

2- In the whole-lot form of offering, settlement shall be carried out in accordance with the provisions stated in the offering notice. In case that the buyer realizes the conditions of the offering notice including cash payment and fulfilling non-cash payment the seller shall be committed to sign the OTC clearing document for clearing out clearing house and submitting it to his brokerage firm. In addition, failure of the buyer in payment of cash segment of the transaction in accordance with the offering notice provision, provided that it has been revealed to the arbitration committee or through verbal confirmation of the two sides, the clearing house shall deduct all fees and commission from the collaterals of the buyer and shall pay the remainder to the account of the seller through his brokerage firm.

3- In case of fulfillment of the buyer's obligations towards transaction and failure of the seller in signing the OTC clearing documents, all charges and fees shall be deducted from the collaterals of the seller with the clearing house and will be paid to the buyer's account through his brokerage firm.

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Offering over 176,000 tonnes of VB Feed Stock on Oil and Petrochemical Trading Floor

Offering over 176,000 tonnes of VB Feed Stock on Oil and Petrochemical Trading Floor

On Wednesday, April 25, 2018, the oil and petrochemical trading floor of Iran Mercantile Exchange will play host to offering of 176,500 MT of VB feed stock.

Offering Various Types of Steel Products by Mobarakeh Steel Company

Offering Various Types of Steel Products by Mobarakeh Steel Company

On Tuesday, April 24, 2018, the metal and mineral trading floor of Iran Mercantile Exchange will play host to offering of 84,100 MT of HRS type C, HRS type B and CRS type B from Mobarakeh Steel Company.

Offering over 87,000 tonnes of Oil and Petrochemical Commodities on IME

Offering over 87,000 tonnes of Oil and Petrochemical Commodities on IME

On Monday, April 23, 2018, the oil and petrochemical trading floor of Iran Mercantile Exchange will experience offering of 87,019 MT of VB feed stock, lube cut oil, sulfur, slaps waxes and polymer products.

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Wednesday, April 25, 2018 15:48

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