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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More than 356 Million USD Worth of Commodities Traded on IME

IME Weekly Report

More than 356 Million USD Worth of Commodities Traded on IME

Within the week ending on the 17th of September 2021, the IME witnessed trade of 1,865,000 tonnes of commodities with a total trading value of more than 356 million USD on its spot market.

IME Exports Polyvinyl Chloride and Bitumen

IME Exports Polyvinyl Chloride and Bitumen

On Wednesday, September 15, 2021, the IME witnessed trades of 360 tonnes of polyvinyl chloride and 115 tonnes of bitumen on its export ring.

IME Exports Sulfur and Bitumen

IME Exports Sulfur and Bitumen

On Tuesday, September 14, 2021, the IME witnessed trade of 18,100 tonnes of bitumen and 10,000 tonnes of sulfur on its export pit.

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Sunday, September 19, 2021 01:26

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