Contract | Parameters |
---|---|
Contract Symbol | DGSG |
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 |
Automatic Rollover Mechanism | On any given trading day, unless a notice of delivery intent has been recieved by DCCC prior to 20:15 Hours UAE time, all open positions will be marked to market and automatically carried forward into the next trading session. For all carried forward positions a rollover fee will be applied |
Final Cash Settlement Price | As published by DGCX in line with relevant Rules, Bylaws and notices published and updated from time to time |
Trading Days | Monday to Friday |
Trading Hours | 07:00 – 20:00 Hours UAE time (GMT+4) |
Max Order Size | 200 lots |
Minimum Delivery Size | 1 Lot |
Delivery Notice | Before 20:15 Hours UAE time (GMT+4) on trading day |
Initial Margin based on SPAN | USD 1,200 per contract, subject to change. |
Delivery Margin | 5 times the Initial Margin, subject to change |
Daily Price Movement limit | No Price Limit* |
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 |
Delivery Logic | Random allocation |
Delivery Days | T+2 (Monday to Friday) |
Delivery Fee | Rates applicable and to be published on the DGCX/DCCC website. |
Delivery Method Instrument & Location | 100% Cash via DCCC, 100% physical Gold via DMCC Tradeflow Warrant at approved vault locations within the Emirate of Dubai. |
Pay-In of Funds / Delivery-In of Gold | Pay in before 10:00 Hours UAE time (GMT+4) on T+2. Pay out after 12:00 Hours UAE time (GMT+4) on T+2. |
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 |
Rollover Fee, per lot | US$ 0.96 per lot charged to the holders of positions that have been rolled over. The rollover fee will be published by DCCC from time to time. The corporation could levy different rollover fees for the long and short positions |
Daily Settlement Price | As per DGCX Notice # COMP-2008-014 dated April 22, 2008 |
Position Limits | As determined by Exchange from time to time |
Delivery Limits | Clearer Member level limit – 50% of Open Interest OR 125 Kgs whichever is lower. Trading Member level limit – 20% of Open Interest or 75 Kgs whichever is lower. Client level limit – 10% of Open Interest OR 25 Kgs whichever is lower. All above conditions and parameters are subject to change by DCCC from time to time and will be published on our website. |