KGUSD Specifications
Distinct Characteristic | : | At the end of the day, all contracts still open will automatically be traded the following day |
Contract Code | : | KGEUSD |
Contract Base | : | Gold Physical market Loco London |
Contract Size | : | 100 troy ounce (3110,35 gram) |
Price Quotations | : | USD/troy ounce (USD 5 per contract) |
Minimum Price Fluctuations | : | USD 0,05/troy ounce (USD 5 per contract) |
Trading Hours | : | Western Indonesian Time, on each business day : - 07.00 – 01.30 (summer) - 07.00 – 02.30 (winter) |
Interest Rate Calculation | : | 1. Each month the Exchange will collect the Gold Forward Rate and the IDR Deposit interest rate from 7 appointed Banks. 2. From 7 figures, the extreme high and low will be extracted, while the other 5 will be calculated and weighted. The basis point (weighted average minus GOFO rates) will be used to calculate the interest rate. 3. The Clearing House will debit or credit the open position based on the interest rate. 4. The Broker is not allowed to debit or credit more than the interest rate announced by the Exchange. |
Settlement Price | : | The Settlement Price is based on the gold physical market Loco London collected from Reuters on the end of the trading day of the NYMEX open outcry session. Price and the foreign exchange rates used will be weighted from best bid and best offer. |
Last Settlement | : | On the closing of the day, all contracts still open at maturity are cash settled at the cash settlement rate. |
Reportable Positions | : | 500 lot |
Speculative Position Limit | : | 1000 lot |