HARVEST INTERNATIONAL | Hicfx.com | GOLD Specifications
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GOLD Specifications

Contract Base 1 kg Gold with 99.9 finest of LBMA Quality
Contract Size 1 kg (1,000 grams)
Delivery Months Current and the next 2 consecutive months with even months, such that there are always three months available.
Price Quotations Indonesian Rupiah/gms
Minimum Price Fluctuations< Rp 50,-/gms (Tick Value : Rp 50,000,-/grams)
Daily Price Limits
Rp.5,000,-/gms above or below the previous settlement price

1. Price limits will apply to all quoted months except for the current month

2. Change of price limits can be made by the Exchange without prior notic

Trading Hours Western Indonesian Time, on each business day 09:30 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

Exchange Futures for Physical (EFP) Transaction in which one party buys cash market products and sells futures contracts while the opposite party sells the cash market products and buys futures contracts.
Last Trading Day A Contract month expires at 18:00 on the third business day prior to last business day of the month or, if the third business day prior to last business day of the month is a non-business day, then the preceding business day prior to the non-business day.
Notice Date Any business day starting with the first business day to the third business day prior to last business day of the current month or, if the third business day prior to last business day of the month is a non-business day, the next business day
Notice of Allocation Before the 1st trading session of the first business day following the Notice Date
Last Delivery Date Two (2) business days after the Notice Date
Contract Grade Gold bar, assaying not less than 99.99% fineness, and bearing a serial number and identifying of a refiner approved and listed by the London Bullion Market Association (LBMA)
Delivery Points Warehouse approved by the Exchange at the option of the seller located inJakarta and Surabaya and other cities appointed by the Exchange
Deliverable Unit 1 kg
Reportable Positions 150 lots or more net long or net short, in all contract months combined
Speculative Position Limit 500 lots net long or net short in any one contract month or in all contract months combined