Abaxx Gold Singapore Futures
CONTRACT SPECIFICATIONS
| Abaxx Gold Singapore Futures (GKS) | |
|---|---|
| Contract Symbol | GKS |
| Rule Chapter | 2000 |
| Settlement Method | Physical |
| Contract Months | 6 consecutive months |
| Pricing Terms | USD and cents/troy ounce |
| Contract Size | 1 kilobar (32.148 fine troy ounces) |
| Minimum Price Movement | USD 0.01 per troy ounce |
| Trading Hours | 1000 – 2400 SGT |
| Pricing Limits | Fixed at Launch |
| Settlement Price Period | Five minutes ending 1330 London time |
| Final Settlement Price | Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery |
| Last Trading Day | Two (2) Business Days prior to Delivery Date |
| Block Trade Minimum | 5 lots |
| Reportable Level | 25 lots |
| Position Limits (Spot Month) | 500 lots |
| Position Accountability Levels (any/all month) | 2500 lots |
| Quality | 0.0000 fineness |
| Delivery Unit | 1 kilobar (32.148 fine troy ounces) |
| Approved Brands | Kilobar producers that (i) produce kilobars in kilobar form with a minimum of 0.9999 fineness; and (ii) are on current LBMA Good Delivery List |
| Delivery Location | Approved Vaults in Singapore |
| Approved Vaults | See Approved Vaults |
| Product Placement | The Seller and the Buyer must adequately demonstrate commercial capabilities (for making or taking physical delivery respectively) to their clearing firm and Abaxx no later than five (5) Trading Days prior to the Last Trading Day of the Contract |
| Notice Date | Business Day following Last Trading Day |
| Delivery Date | Third Wednesday of the month that is a Business Day and is not preceded by a Business Day that is a US bank holiday, else it will be the next Business Day that is not preceded by a Business Day that is a US bank holiday. |
| Payment Date | Delivery Date |
| Venue of Arbitaration | Singapore International Arbitration Centre (SIAC) |
