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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 over 36,000 tonnes of Polymer Products, Chemical Products, VB and Bitumen

Offering over 36,000 tonnes of Polymer Products, Chemical Products, VB and Bitumen

On Saturday, August 18, 2018, the oil and petrochemical trading floor of Iran Mercantile Exchange will play host to offering of 36,104 MT of polymer products, chemical products, bitumen and VB feed stock.

Trading over 36,000 tonnes of Chemical Products on Wednesday

Trading over 36,000 tonnes of Chemical Products on Wednesday

On Wednesday, August 15, 2018, the oil and petrochemical trading floor of Iran Mercantile Exchange experienced trading of 36,368 MT of chemical products.

IME’s Price Discovery Policy Should be Changed According to the New Currency Exchange Policy

CEO of IME

IME’s Price Discovery Policy Should be Changed According to the New Currency Exchange Policy

Managing Director of Iran Mercantile Exchange, referring to the government’s new currency exchange policy, said the IME’s pricing policy based on the reference currency used for base commodities and the limitation on the price discovery for intermediate goods should be changed in line with new currency exchange policies.

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Saturday, August 18, 2018 11:51

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