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Settlement & Delivery-Property Market

Secondary Market

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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A Growth of 50 percent in IME’s Trading Volume

Happened over Second Week of December

A Growth of 50 percent in IME’s Trading Volume

During weekdays ending up to December 13, while, 313,311 MT of commodities worth over 309.5 million USD were traded on Iran Mercantile Exchange, the trading volume and value experienced a growth of 50 and 35 percent, respectively.

Offering over 46 thousand tonnes of Oil and Petrochemical Products

Offering over 46 thousand tonnes of Oil and Petrochemical Products

On Saturday, December 15, 2018, the oil and petrochemical trading floor of Iran Mercantile Exchange will play host to offering of 46,551 MT of chemical products, polymer products, bitumen, sulfur and VB feed stock.

Offering over 112,000 MT of Steel Sheets by Mobarakeh Steel Company

Offering over 112,000 MT of Steel Sheets by Mobarakeh Steel Company

On Wednesday, December 12, 2018, the metal and mineral trading floor of Iran Mercantile Exchange will play host to offering of 112,100 MT of various types of steel sheets by Mobarakeh Steel Company.

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Saturday, December 15, 2018 15:36

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