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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 110,000 tonnes of Iron Ore on Export Pit

Offering 110,000 tonnes of Iron Ore on Export Pit

On Wednesday, February 21, 2018, the export ring of Iran Mercantile Exchange will play host to offering of 110,000 MT of iron ore from Sangan Iron Ore Complex.

Offering 10 Kg Gold Bullion on Metal and Mineral Trading Floor

Offering 10 Kg Gold Bullion on Metal and Mineral Trading Floor

On Monday, February 19, 2018, the metal and mineral trading floor of Iran Mercantile Exchange will play host to offering of 10 Kg gold bullion.

Offering over 57,000 tonnes of Steel, Copper and Aluminum on Metal and Mineral Trading Floor

Offering over 57,000 tonnes of Steel, Copper and Aluminum on Metal and Mineral Trading Floor

On Sunday, February 18, 2018, the metal and mineral trading floor of Iran Mercantile Exchange will play host to offering of 57,252 MT of copper, steel and aluminum.

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Thursday, February 22, 2018 12:05

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