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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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IME Sells 35,000 Tonnes of Steel

IME Sells 35,000 Tonnes of Steel

IME's industrial and mineral trading floor witnessed on Sunday, 16th of June 2091, trade of 10,000 tonnes of steel bloom and 25,740 tonnes of rebar basket.

Trading Petrochemical Products on IME

Happened on First Day of Week

Trading Petrochemical Products on IME

On Saturday, May 25, 2019, the oil and petrochemical trading floor of Iran Mercantile Exchange played host to trading of 1,499 MT of polymer products and 1,578 MT of chemical products.

IME Witnessed Growth in its Trading Volume and Value

Happened over the Third Week of May

IME Witnessed Growth in its Trading Volume and Value

During weekdays ending up to May 23, while 445,607 MT of commodities worth over 642 million USD were traded on Iran Mercantile Exchange, the trading volume and value experienced growth of 29 and 30 percent, respectively.

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Monday, June 17, 2019 18:12

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