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 Customers Purchased Steel Blooms and Steel Sheets

Tuesday

IME Customers Purchased Steel Blooms and Steel Sheets

On Tuesday, July 5, 2022, commodities traded on IME weight 253,330 tonnes.

Bitumen, Insulation and Rebar Basket Traded on IME

Monday

Bitumen, Insulation and Rebar Basket Traded on IME

On Monday, July 4, 2022, the IME witnessed trade of 45,420 tonnes of bitumen, 330 tonnes of insulation and 3,000 tonnes of rebar basket on its export ring.

Trade of Bitumen and Linear Alkylbenzene on IME

Sunday

Trade of Bitumen and Linear Alkylbenzene on IME's Export Ring

On Sunday, July 3, 2022, the IME witnessed trade of 4,190 tonnes of bitumen and 2,000 tonnes of linear alkylbenzene on its export ring.

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Wednesday, July 6, 2022 14:28

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