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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 Bitumen, Sulfur, Lube Cut Oil and Insulation on Export Ring

Offering Bitumen, Sulfur, Lube Cut Oil and Insulation on Export Ring

On Tuesday, November 21, 2017, the export ring of Iran Mercantile Exchange will experience offering of 7,920 MT of bitumen products, 1,092 MT of insulation, 500 MT of lube cut oil, 10,000 MT of sulfur lumps as well as 5,500 MT of granulated sulfur.


Offering Slab and HRS on Monday

Offering Slab and HRS on Monday

On Monday, November 20, 2017, the metal and mineral trading floor of Iran Mercantile Exchange will play host to offering of 18,000 MT of slab from Khuzestan Steel Co. and 4,400 MT of HRS from Mobarakeh Steel Co.


Exporting 47,000 tonnes on Bitumen through IME

Exporting 47,000 tonnes on Bitumen through IME

On Saturday, November 18, 2017, the export ring of Iran Mercantile Exchange witnessed trading of 47,405 tonnes of bitumen as well as 100 tonnes of insulation.


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Friday, November 24, 2017 05:36

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