Gold Futures Contract Specifications 250 Gram (GOL250)
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Code Contracts |
GOL250 |
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Contract Unit |
250 grams |
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Contract Period |
Three (3) consecutive months, so that every day there is a three month contract trades |
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Day & Hours Trading |
Every day trade At 09:30 to 17:30 pm WIB |
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Post-Closure |
Post-Closing session held every trading day starting at 17:45 am until 18:00 pm. The mandate of the buy and sell JAFeTS is inserted into the Settlement Price of the day. |
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Physical exchange with Futures |
The parties to a transaction sell / buy gold outside the stock exchange can register to Stock in exchange for futures transaction for both parties. |
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Last Trading Day |
Trade for a contract month, ending at the end of the Post Closing session on the third trading day prior to the last business day of the month. If the third trading day prior to the last business day is not a trading day, then the previous trading day be the last trading day. |
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Price |
Rupiah per gram (including VAT) |
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Minimum price change |
Rp 50,-/gram (including VAT) Rp 50.000,-/lot (including VAT) |
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Limit Price Change |
Rp. 10.000, - per gram above or below the previous trading day settlement price. Limit these price changes do not apply to the Current Month and Month What if the Moon Walk is no longer traded. |
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Notification Delivery Time |
Parties that have a short position on the Moon Walk, can do Notice Delivery within 3 (three) last trading day Current Month |
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Notification Time Allocation |
Immediately after the session Post-Closing and filing Submission |
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Time to Deliver |
No later than two (2) trading days after the Notice Delivery |
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Quality |
Gold with a minimum purity of 99.99% quality comes with a serial number and a stamp of the refinery which is recognized by the LBMA (can be from inside and outside the country) |
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Delivery place |
The Warehouse Registered in Jakarta, Surabaya, Bandung, Semarang, Solo, Yogyakarta, Medan, Makassar, Manado, Banjarmasin, Lampung, and Denpasar. Choice of place of delivery is the seller |
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Delivery Unit |
Delivery of gold could be executed only if the seller and the buyer has a minimum number of four (4) lots and multiples Delivery of gold should be done in separate lots, each 250 grams net weight, and the weight inserted in the Evidence Storage Position Obligation Report |
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Position Obligation Report |
600 lot |
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Speculative Position limit |
2000 lot |
