Rolling Gold Contract Specifications

Distinct Characteristic	At the end of the day, all contracts still open will automatically be traded the following day
Contract Code	KGE
Contract Base	Gold physical market Loco London
Contract Size	1 Kg ( 1,000 grams)
Price Quotations	Indonesian Rupiah/gms
Minimum Price Fluctuations	Rp 1,-/gms (Rp 1.000 per contract)
Trading Hours	Western Indonesian Time, on each business day at 08:30 to 17:30
Transactions at Settle	Transactions at settle commence everyday at 17:45 to 18:00 Quotations will be made according to the settlement of that day
Interest Rate Calculation	Each month the Exchange will collect the Gold Forward Rate and the IDR Deposit interest rate from 7 appointed Banks. 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. The Clearing House will debit or credit the open position based on the interest rate. The Broker have a free option to debit or credit their customer’s account not more than 50 basis point per annum based from the Exchange interest rate announcement.
Settlement Price	The Settlement Price is based on the gold physical market Loco London collected from Reuters on the end of the trading day. The price will be converted into IDR using foreign exchange rates from Reuters. 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

Description

Rolling Gold Contract Specifications

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