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UAEGDTRQ Gold 999

Contract Specifications of UAEGDTRQ Gold 999 T+0 100 Grams
Description UAEGDTRQ GOLD 999 T+0
Token This contract will have the same ISIN as UAEGD GOLD 999 T+0 contract. The UAEGDTRQ contract will run as a Token under same ISIN.
As the base product is 999 100 gram UAE good delivery Gold bar, the same ISIN will be used for all 999 100 gram UAE good delivery gold bars. Different token numbers will be used to differentiate the characteristics of normal UAEGD from UAEGDTRQ contracts as the latter would require a different certificate of origin issued by Ministry of Economy, Govt of UAE
Trading Period Exchange Business Days
Trading Session 09:00 Hrs to 21:30 Hrs. Indian Standard Time (IST)
Trading Unit 100 grams
Price Quote US Dollars per Troy Ounce
Maximum Order Size 100 kg
Tick Size (Minimum Price Movement) US$ 0.01
Margin 100%
Delivery
Settlement Basis Compulsory in BDR form
Delivery Unit 100 grams
Settlement T+0
BDR Settlement Timing Every 30 minutes during Trading Hours
BDR Pay-out Directly into the Demat Account of Client / Special category client (SCC)
Funds Settlement Timing 1st Cycle (For trades till 12:00 Hrs IST) - 12:15 Hrs. to 14:15 Hrs IST during the trading day
2nd Cycle (For trades till 15:00 Hrs IST) - 15:15 Hrs. to 17:15 Hrs IST during the trading day
3rd Cycle (For trades till 18:30 Hrs IST) - 18:45 Hrs. to 20:40 Hrs. IST during the trading day
Final Cycle (For trades till 21:30 Hrs IST) - 21:30 Hrs. to 23:30 Hrs. IST during the trading day
Quality Specifications 999 Purity
These Gold bars should be serially numbered Gold bars supplied by UAE Good Delivery (UAEGD) approved suppliers or other suppliers as may be approved by IIBX. These Gold bars are to be submitted along with supplier’s quality certificate.
Country of Origin While depositing Gold Bar of 999 purity in the vaults, the qualified supplier must produce a Certificate of Origin issued by the Ministry of Economy in UAE.
Delivery Logic Compulsory in BDR form for the TRQ holders only in the Demat account with the depository.
Contract Specifications of UAEGDTRQ Gold 999 T+0 100 Grams
Description UAEGDTRQ GOLD 999 T+0
Token This contract will have the same ISIN as UAEGD GOLD 999 T+0 contract. The UAEGDTRQ contract will run as a Token under same ISIN.
As the base product is 999 100 gram UAE good delivery Gold bar, the same ISIN will be used for all 999 100 gram UAE good delivery gold bars. Different token numbers will be used to differentiate the characteristics of normal UAEGD from UAEGDTRQ contracts as the latter would require a different certificate of origin issued by Ministry of Economy, Govt of UAE
Trading Period Exchange Business Days
Trading Session 09:00 Hrs to 21:30 Hrs. Indian Standard Time (IST)
Trading Unit 100 grams
Price Quote US Dollars per Troy Ounce
Maximum Order Size 100 kg
Tick Size (Minimum Price Movement) US$ 0.01
Margin 100%
Delivery
Settlement Basis Compulsory in BDR form
Delivery Unit 100 grams
Settlement T+0
BDR Settlement Timing Every 30 minutes during Trading Hours
BDR Pay-out Directly into the Demat Account of Client / Special category client (SCC)
Funds Settlement Timing 1st Cycle (For trades till 12:00 Hrs IST) - 12:15 Hrs. to 14:15 Hrs IST during the trading day
2nd Cycle (For trades till 15:00 Hrs IST) - 15:15 Hrs. to 17:15 Hrs IST during the trading day
3rd Cycle (For trades till 18:30 Hrs IST) - 18:45 Hrs. to 20:40 Hrs. IST during the trading day
Final Cycle (For trades till 21:30 Hrs IST) - 21:30 Hrs. to 23:30 Hrs. IST during the trading day
Quality Specifications 999 Purity
These Gold bars should be serially numbered Gold bars supplied by UAE Good Delivery (UAEGD) approved suppliers or other suppliers as may be approved by IIBX. These Gold bars are to be submitted along with supplier’s quality certificate.
Country of Origin While depositing Gold Bar of 999 purity in the vaults, the qualified supplier must produce a Certificate of Origin issued by the Ministry of Economy in UAE.
Delivery Logic Compulsory in BDR form for the TRQ holders only in the Demat account with the depository.

Contract Specification – Gold Mini 999 T+2 – UAEGDTRQ – Gift City & Chennai
Description UAEGDTRQ GOLD 999 T+2
Contract Type T+2
Trading Period Exchange Business Days (Monday to Friday). Exchange Business Days exclude the Exchange Holidays declared at the beginning of Calendar Year and published on Exchange Website.
Trading Session Monday to Friday: 09:00 Hrs to 21:30 Hrs Indian Standard Time (IST).
Trading Unit 100 grams
Price Quote US Dollars per Troy Ounce
Minimum Order Size 100 grams
Maximum Order Size 100 Kg
Tick Size (Minimum Price Movement for Premium) US $ 0.01
Initial Margin
  • Sellers: 100% BDR
  • Buyers: To be paid in form of Cash only
    Minimum 10% or 2 days VAR whichever is higher
Settlement
Delivery Logic Compulsory in BDR form in the Demat account
Delivery Unit 100 grams
Settlement Day(s) T+1
The buyer has the flexibility of early settlement on T+1
T+2
The final settlement will be on T+2
Quality Specifications 999 Purity,
These Gold bars should be serially numbered Gold bars supplied by LBMA approved suppliers or other suppliers as may be approved by IIBX. These Gold bars are to be submitted along with supplier’s quality certificate.
Country of Origin While depositing Gold Bar of 999 purity in the vaults, the qualified supplier must produce a Certificate of Origin issued by the Ministry of Economy in UAE.
BDR Pay-in Early Pay-in of BDR on T day (T- Trade Day)
Funds Settlement Pay-in The contract will provide flexibility to the buyer to provide balance funds on T+1 day or T+2 day but not later than 17:30 Hrs of T+2 day.
BDR Pay-out T+1
On receipt of funds pay-in BDR pay-out will be processed at 12:30 Hrs, 15:30 Hrs, 17:30 Hrs and 21:30 Hrs IST.
T+2
On receipt of funds pay-in BDR pay-out will be processed at 12:30 Hrs, 15:30 Hrs, and 17:30 Hrs IST.
Funds Settlement Pay-out T+1
1st Cycle - 12:30 Hrs to 14:30 Hrs IST
2nd Cycle - 15:30 Hrs to 17:30 Hrs IST
3rd Cycle - 17:30 Hrs to 19:30 Hrs IST
Final Cycle - 21:30 Hrs to 23:30 Hrs IST
T+2
1st Cycle - 12:30 Hrs to 14:30 Hrs IST
2nd Cycle - 15:30 Hrs to 17:30 Hrs IST
Final Cycle - 17:30 Hrs to 19:30 Hrs IST
Penalty Structure for Non-Payment of Funds Penalty Structure:
In case of Buyer Defaults to pay funds within T+2 days, buyer will be required to pay “Penalty Amount + Replacement Cost”.
Penalty Amount: 3% of Traded Price
Replacement Cost: Difference between traded price and the last spot price on the pay-out date, if the spot price is lower than Traded Price, else this component will be zero.
Norms for apportionment of Penalty Amount:
  • 1% of penalty shall go to seller who was entitled to receive fund.
  • 1% of penalty shall be deposited in the Settlement Guarantee Fund (SGF)
  • 0.75% of penalty shall be earmarked for Consumer Education and Protection Fund (CEPF)
  • 0.25% of penalty may be retained by IIBX towards administration expenses
Delivery Vaults GIFT City, Chennai and other IFSCA approved vaults.
List of Vaults are available on the India International Depository IFSC Limited (IIDI) website - www.iidi.co.in.
Contract Specification – Gold Mini 999 T+2 – UAEGDTRQ – Gift City & Chennai
Description UAEGDTRQ GOLD 999 T+2
Contract Type T+2
Trading Period Exchange Business Days (Monday to Friday). Exchange Business Days exclude the Exchange Holidays declared at the beginning of Calendar Year and published on Exchange Website.
Trading Session Monday to Friday: 09:00 Hrs to 21:30 Hrs Indian Standard Time (IST).
Trading Unit 100 grams
Price Quote US Dollars per Troy Ounce
Minimum Order Size 100 grams
Maximum Order Size 100 Kg
Tick Size (Minimum Price Movement for Premium) US $ 0.01
Initial Margin
  • Sellers: 100% BDR
  • Buyers: To be paid in form of Cash only
    Minimum 10% or 2 days VAR whichever is higher
Settlement
Delivery Logic Compulsory in BDR form in the Demat account
Delivery Unit 100 grams
Settlement Day(s) T+1
The buyer has the flexibility of early settlement on T+1
T+2
The final settlement will be on T+2
Quality Specifications 999 Purity,
These Gold bars should be serially numbered Gold bars supplied by LBMA approved suppliers or other suppliers as may be approved by IIBX. These Gold bars are to be submitted along with supplier’s quality certificate.
Country of Origin While depositing Gold Bar of 999 purity in the vaults, the qualified supplier must produce a Certificate of Origin issued by the Ministry of Economy in UAE.
BDR Pay-in Early Pay-in of BDR on T day (T- Trade Day)
Funds Settlement Pay-in The contract will provide flexibility to the buyer to provide balance funds on T+1 day or T+2 day but not later than 17:30 Hrs of T+2 day.
BDR Pay-out T+1
On receipt of funds pay-in BDR pay-out will be processed at 12:30 Hrs, 15:30 Hrs, 17:30 Hrs and 21:30 Hrs IST.
T+2
On receipt of funds pay-in BDR pay-out will be processed at 12:30 Hrs, 15:30 Hrs, and 17:30 Hrs IST.
Funds Settlement Pay-out T+1
1st Cycle - 12:30 Hrs to 14:30 Hrs IST
2nd Cycle - 15:30 Hrs to 17:30 Hrs IST
3rd Cycle - 17:30 Hrs to 19:30 Hrs IST
Final Cycle - 21:30 Hrs to 23:30 Hrs IST
T+2
1st Cycle - 12:30 Hrs to 14:30 Hrs IST
2nd Cycle - 15:30 Hrs to 17:30 Hrs IST
Final Cycle - 17:30 Hrs to 19:30 Hrs IST
Penalty Structure for Non-Payment of Funds Penalty Structure:
In case of Buyer Defaults to pay funds within T+2 days, buyer will be required to pay “Penalty Amount + Replacement Cost”.
Penalty Amount: 3% of Traded Price
Replacement Cost: Difference between traded price and the last spot price on the pay-out date, if the spot price is lower than Traded Price, else this component will be zero.
Norms for apportionment of Penalty Amount:
  • 1% of penalty shall go to seller who was entitled to receive fund.
  • 1% of penalty shall be deposited in the Settlement Guarantee Fund (SGF)
  • 0.75% of penalty shall be earmarked for Consumer Education and Protection Fund (CEPF)
  • 0.25% of penalty may be retained by IIBX towards administration expenses
Delivery Vaults GIFT City, Chennai and other IFSCA approved vaults.
List of Vaults are available on the India International Depository IFSC Limited (IIDI) website - www.iidi.co.in.
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