Exchange |
Singapore Commodity Exchange (SICOM) |
Type |
Commodity - Deferred settlement contract |
Underlying |
Fine gold (i.e., of 100% purity, per London Gold Market Fixing specifications) |
Currency |
US Dollar (USD) |
Contract Size |
10 troy ounces |
Tick Size |
0.10 |
Tick Value |
$1.00 USD |
Trade registration |
07:00 - 08:30 |
Trading Session 1 |
08:30 - 23:00 (22:00 during DST) |
Pre-Open 2 |
|
Trading Session 2 |
|
Pre-Open T+1 |
No T+1 Session |
Trading Session T+1 |
No T+1 Session |
Last Trading Day |
None - spot contract that continually rolls |
Daily Settlement Price |
The daily settlement price for the Contracts shall be determined on the basis of the Afternoon Gold Market Fixing Price published by The London Gold Market Fixing Ltd (unless it is a London bank holiday; or if only the morning fixing price is available |
Final Settlement Day |
Open positions at the end of each day are automatically rolled over to the next value date. A “rollover” interest charge will be collected from or paid to the buyer and seller, depending on the Gold Forward Offered (GOFO) rate. The interest charge formula will include the Contract Value, GOFO, an exchange charge and where applicable, a broker charge. |
Final Settlement Price |
Value Date is 2 Business Days after Trade Date |
Settlement Type |
Cash |
Contract Months |
Spot contract with deferred settlement |
First Trading Day |
March 30, 2010 |
Negotiated Large Trade (NLT) |
300 lots |
Position Limit |
|
Initial Margin (outright) |
USD 608 |
Maintenance Margin (outright) |
USD 450 |
Clearinghouse Margin (outright) |
|
Listed Spread |
No |
Initial Margin (spread) |
|
Maintenance Margin (spread) |
|
Clearinghouse Margin (spread) |
|
Daily Price Limit |
|
Options |
No |
Exchange Symbol |
LG |
Reuters Symbol |
SLGDF1 |
Bloomberg Symbol |
LGRA |
ISIN Symbol |
|
SEDOL |
|
Nextview |
LGmy.SC |
Six Telekurs |
LG, 835 |
Notes |
|