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UAEGD CEPA Silver Grains

Contract Specifications of UAEGD CEPA Silver Grains
Description UAEGDCEPA SILVER Grains T+0
Trading Period Exchange Business Days
Trading Session 09:00 Hrs. to 17:30 Hrs. Indian Standard Time (IST)
Trading Unit 20kg
Price Quote US Dollars per Troy Ounce
Maximum Order Size 5000 kg
Tick Size (Minimum Price Movement) US$ 0.005
Margin 100% Early Pay-in from Buyers & Sellers
Delivery
Settlement Basis Compulsory in BDR form
Delivery Unit 20kg
Settlement T+0
BDR Settlement Timing Every 30 minutes during Trading Hours
BDR Pay-out Directly into the Demat Account of Client / LPTM
Funds Settlement Timing 18:00 Hrs. to 21:00 Hrs. Indian Standard Time (IST) same day
Quality Specifications Grade: 999 and Fineness: 999 (as per IS 2112: 1981)
  • No negative tolerance on the minimum fineness shall be permitted.
  • If it is below 999 purity it is rejected.

Every bag must be sealed. The seal must carry an identifying number, the Accredited Member’s name, and/or hallmark/brand stamp and the exact total weight of the silver grains contained and it must be supplied by UAE Good Delivery (UAEGD) approved suppliers or other suppliers as may be approved by IIBX. These Silver Grains are to be submitted along with supplier’s quality certificate.
Country of Origin While depositing Silver Grains in the vaults, the Qualified Supplier (First Importer in India) must produce a Certificate of Origin issued by the Ministry of Economy in UAE.
Delivery Logic Compulsory in BDR form in the Demat account with the depository.