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Silver Bar

CONTRACT SPECIFICATIONS OF SILVER BAR
Description SILVER Bar T+0
Trading Period Exchange Business Days
Trading Session 09:00 Hrs. to 18:30 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 / LPTM
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
Final Cycle (For trades till 18.30 Hrs IST) - 19:00 Hrs. to 21:00 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.
It should be serially numbered silver bars supplied by LBMA approved suppliers or other suppliers as may be approved by IIBX.
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.