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 40 thousand tonnes of Oil and Petrochemical Products on IME

Offering 40 thousand tonnes of Oil and Petrochemical Products on IME

On Saturday, September 26, 2020, the oil and petrochemical trading floor of the Iran Mercantile Exchange will play host to trading of 40,829 MT of bitumen, VB feed stock, lube cut oil, polymer products, chemical products and sulfur.

IME Plays Host to Trades of Rebar, U-Channels and Iron Rails

IME Plays Host to Trades of Rebar, U-Channels and Iron Rails

On its metal and mineral trading floor the IME sold on Wednesday, September 23, 2020, 49,896 tonnes of rebar basket, 2,200 tonnes of medium-sized rebar, 660 tonnes of U-channels, 9,998 tonnes of I-beam, 1,100 tonnes of I-beam 14 and 150 tonnes of iron rail.

Offering 71 thousand tonnes of Steel on Wednesday

Offering 71 thousand tonnes of Steel on Wednesday

On Wednesday, September 23, 2020, the metal and mineral trading floor of the Iran Mercantile Exchange will play host to offering of 57,684 MT of rebar basket, 2,200 MT of medium sized rebar, 660 MT of U-channel, 10,120 MT of I-beam basket, 1,100 MT of I-beam 14 as well as 150 MT of iron rail.

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Saturday, September 26, 2020 10:59

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