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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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Offering 53,000 tonnes of Steel, Copper and Lead on Wednesday

Offering 53,000 tonnes of Steel, Copper and Lead on Wednesday

On Wednesday, October 16, 2019, the metal and mineral trading floor of the Iran Mercantile Exchange will play host to offering of 140 MT of copper cathode, 13,222 MT of rebar basket, 40,000 MT of bloom ingot, 300 MT of galvanized sheets, 50 MT of bloom ingot, 12 MT of precious metal concentrates as well as 9 kg of gold bullion.

Trading Polymer Products on Iran Mercantile Exchange

Trading Polymer Products on Iran Mercantile Exchange

On Tuesday, October 15, 2019, the oil and petrochemical trading floor of Iran Mercantile Exchange played host to trading of 34,847 MT of polymer products.

Iran Mercantile Exchange Do their Bit to Boost Exports of Pistachios to 5 Billon Dollars

Iran Mercantile Exchange Do their Bit to Boost Exports of Pistachios to 5 Billon Dollars

"Currently, Iran exports about 1.5 billion dollars' worth of pistachios with a potential to increase by 200% in a matter of a few years. On the condition that we can provide market participants with enough incentives to trade on the IME's pistachios market, we could expedite production growth and win a bigger share of pistachios' global market", said Ali Akbar Mehrfard, commercial deputy of Ministry of Agriculture.

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Saturday, October 19, 2019 00:30

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