Contract Symbol | DG |
Underlying | Gold |
Contract Size | 32 troy ounces. (1 kg) |
Notional Contract Value | 32xGold Price quote in USD pr troy ounces |
Trading Currency | USD |
Settlement Currency | USD |
Price Quote | USD per Troy Ounces |
Tick Size | USD 0.1 |
Tick Value | USD 3.2 |
Settlement Basis | Physical Delivery |
Last Day of Trading | Third last business day of the month preceding the Delivery Month |
Trading Days | Monday through to Friday |
Trading Hours | DGCX Trading Hours |
Trading Months | Feb, Apr, Jun, Aug, Oct and Dec |
New Contract Listing | Business day immediately following last trading day |
Max Order Size | 200 contracts |
Initial Margin based on SPAN | USD 1,400 per lot (subject to change) |
Calendar Spread Margin | Depending upon each class of asset, spread position margin (Calendar spread margin) is charged using the SPAN framework. In case of Gold, 100% benefit is offered on calendar spread margins |
Extra Margin | In time of high volatility, an extra margin as deemed fit by the Exchange may be imposed on all open positions |
Delivery Margin | Five (5) times of the Initial Margins |
Daily Price Movement limit | No Limits* |
Delivery Mechansim Details | |
Delivery Unit | 31.99 troy ounces (1kg) cast in one bar, accompanied by the original Refiner’s Certificate |
Deliverable Quality | 0.995 Fineness |
Exchange of Futures for Physical (EFP) | EFP (Exchange of Futures of Physical) – a mechanism to exchange Futures for Spot, and Spot for Futures will be available |
Approved CMI / Assayers | Names as listed on the DGCX/DCCC websites |
Approved Brands | Names as listed on the DGCX/DCCC websites |
Approved Refiners | Names as listed on the DGCX/DCCC websites |
Approved Vaults | Names as listed on the DGCX/DCCC websites |
Delivery Period | First Day of the Delivery Month |
Notice Day | Last Day of trading of the Delivery Month |
Delivery Process | The Matching of Buyers and Sellers for Gold delivery will be completed on a time priority basis upon receipt of their Tender/ Delivery Notices |
Vault Charges | Rates applicable as published on the DGCX website |
Daily Settlement Price | As per DGCX Notice # COMP-2008-014 dated April 22, 2008 |
Delivery Instrument | Warrant |
Option for Cash Settlement | Open Positions that have not been closed out on the Last Day of Trading are subject to cash settlement as per gold cash settlement price declared by the Exchange |