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UAEGD SILVER BAR

CONTRACT SPECIFICATIONS OF UAEGD SILVER BAR
Description UAEGD SILVER Bar T+0
Trading Period Exchange Business Days
Trading Session 09:00 Hrs. to 21:30 Hrs. Indian Standard Time (IST)
Trading Unit 30 kg
Price Quote US Dollars per Troy Ounce
Maximum Order Size 5100 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 30 kg
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 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.
These Silver bars should be serially numbered Silver bars supplied by UAE Good Delivery (UAEGD) approved suppliers or other suppliers as may be approved by IIBX. These Silver bars are to be submitted along with supplier’s quality certificate.
Country of Origin While depositing Silver Bars in the vaults, the Qualified Supplier (First Importer in India) must produce a Certificate of Origin issued by concerned authorities in UAE.
Settlement Mechanism Weight of the bar shall be within 900 troy ounces (approx. 28 Kilos) to 1050 troy ounces (approx. 33 kilos), and settlement will take place accordingly as per exact weight.
Delivery Logic Compulsory in BDR form in the Demat account with the depository.
CONTRACT SPECIFICATIONS OF UAEGD SILVER BAR
Description UAEGD SILVER Bar T+0
Trading Period Exchange Business Days
Trading Session 09:00 Hrs. to 21:30 Hrs. Indian Standard Time (IST)
Trading Unit 30 kg
Price Quote US Dollars per Troy Ounce
Maximum Order Size 5100 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 30 kg
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 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.
These Silver bars should be serially numbered Silver bars supplied by UAE Good Delivery (UAEGD) approved suppliers or other suppliers as may be approved by IIBX. These Silver bars are to be submitted along with supplier’s quality certificate.
Country of Origin While depositing Silver Bars in the vaults, the Qualified Supplier (First Importer in India) must produce a Certificate of Origin issued by concerned authorities in UAE.
Settlement Mechanism Weight of the bar shall be within 900 troy ounces (approx. 28 Kilos) to 1050 troy ounces (approx. 33 kilos), and settlement will take place accordingly as per exact weight.
Delivery Logic Compulsory in BDR form in the Demat account with the depository.

Contract Specification – Silver Bar T+2 – UAEGD – Gift City & Chennai
Description UAEGD SILVER Bar 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 30 kg
Price Quote US Dollars per Troy Ounce
Minimum Order Size 30 kg
Maximum Order Size 5100 kg
Tick Size (Minimum Price Movement for Premium) US $ 0.005
Initial Margin
  • Sellers: 100% BDR
  • Buyers : To be paid in form of Cash only Minimum 15% or 2 days VAR whichever is higher
Settlement
Delivery Logic Compulsory in BDR form in the Demat account
Delivery Unit 30 kg
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 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.

These Silver bars should be serially numbered Silver bars supplied by UAE Good Delivery (UAEGD) approved suppliers or other suppliers as may be approved by IIBX. These Silver bars are to be submitted along with supplier’s quality certificate.
Country of Origin While depositing Silver Bars in the vaults, the Qualified Supplier (First Importer in India) must produce a Certificate of Origin issued by concerned authorities in UAE.
Settlement Mechanism Weight of the bar shall be within 900 troy ounces (approx. 28 Kilos) to 1050 troy ounces (approx. 33 kilos), and settlement will take place accordingly as per exact weight.
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.
In case of Buyer Defaults to pay funds within T+2 days, buyer will be required to pay “Penalty Amount + Replacement Cost”.
List of Vaults are available on the India International Depository IFSC Limited (IIDI) website - www.iidi.co.in.
Contract Specification – Silver Bar T+2 – UAEGD – Gift City & Chennai
Description UAEGD SILVER Bar 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 30 kg
Price Quote US Dollars per Troy Ounce
Minimum Order Size 30 kg
Maximum Order Size 5100 kg
Tick Size (Minimum Price Movement for Premium) US $ 0.005
Initial Margin
  • Sellers: 100% BDR
  • Buyers : To be paid in form of Cash only Minimum 15% or 2 days VAR whichever is higher
Settlement
Delivery Logic Compulsory in BDR form in the Demat account
Delivery Unit 30 kg
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 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.

These Silver bars should be serially numbered Silver bars supplied by UAE Good Delivery (UAEGD) approved suppliers or other suppliers as may be approved by IIBX. These Silver bars are to be submitted along with supplier’s quality certificate.
Country of Origin While depositing Silver Bars in the vaults, the Qualified Supplier (First Importer in India) must produce a Certificate of Origin issued by concerned authorities in UAE.
Settlement Mechanism Weight of the bar shall be within 900 troy ounces (approx. 28 Kilos) to 1050 troy ounces (approx. 33 kilos), and settlement will take place accordingly as per exact weight.
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.
In case of Buyer Defaults to pay funds within T+2 days, buyer will be required to pay “Penalty Amount + Replacement Cost”.
List of Vaults are available on the India International Depository IFSC Limited (IIDI) website - www.iidi.co.in.
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