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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 117 thousand tonnes of Steel Sheets on Last Day of Week

Offering 117 thousand tonnes of Steel Sheets on Last Day of Week

On Wednesday, Jan 22, 2020, the metal and mineral trading floor of the Iran Mercantile Exchange will play host to offering of 117,800 MT of HRS, CRS, tin plate and galvanized sheet, 5,600 MT of bloom ingot basket, 39,000 MT of bloom ingot, 1,500 MT of 1000 lb. aluminum ingot, 200 MT of zinc ingot, 40 MT of copper cathode, 12 MT of precious metal concentrates and 4 kg of gold bullion.

Exporting Bitumen and Insulation through IME

Exporting Bitumen and Insulation through IME

On Tuesday, January 21, 2019, the export ring of Iran Mercantile Exchange played host to trading of 22,940 MT of bitumen and 100 MT of insulation.

Heavy Offering of Polyethylene on Polymer Group

Heavy Offering of Polyethylene on Polymer Group

On Tuesday, January 21, 2019, the oil and petrochemical trading floor of Iran Mercantile Exchange will play host to offering of 55,275 MT of polyethylene on polymer group.

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Thursday, January 23, 2020 13:42

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