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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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Launching Saffron Options Contracts by the End of the Year

CEO of IME Announced

Launching Saffron Options Contracts by the End of the Year

CEO of IME announced that saffron options contracts will be launched by the end of the year.

A Growth of 11 Percent on IME’s Trading Volume

Happened over the Last Week of January

A Growth of 11 Percent on IME’s Trading Volume

During weekdays ending up to January 31, while 561,786 MT of commodities worth over 547.6 million USD were traded on Iran Mercantile Exchange, the trading volume and value experienced growth of 11 and 5 percent, respectively.

Offering 35 thousand tonnes of Polymer, Bitumen, Sulfur and VB feed stock on Monday

Offering 35 thousand tonnes of Polymer, Bitumen, Sulfur and VB feed stock on Monday

On Monday, January 28, 2019, the oil and petrochemical trading floor of Iran Mercantile Exchange will play host to offering of 28,108 MT of polymer products, 500 MT of bitumen and 2,000 MT of sulfur as well as 5,000 MT of VB feed stock.

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Wednesday, February 20, 2019 09:42

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