Daily Rolling Loco London Gold is derivative contracts traded in the ATS mechanism in JFX with price reference refers to the spot price traded outside the exchange, known as Over-The-Counter (OTC), in New York.
CONTRACT SPECIFICATIONS | ||
Items
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Remarks
|
|
Trade Code
|
XUL10
|
XULF
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Rate
|
Fixed (USD 1 = IDR 10,000)
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Floating (USD)
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Trade Size
|
100 Troy Ounce
|
100 Troy Ounce
|
Trading Hours
|
Monday - Friday
|
Monday - Friday
|
|
Summer : 06:00 – 03:30 WIB | Summer : 06:00 – 03:30 WIB |
Winter : 06:00 – 04:30 WIB
|
Winter : 06:00 – 04:30 WIB
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|
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Margin for Day Trade
|
IDR 10,000,000 / lot
|
USD 1,000 / lot
|
Margin for Overnight
|
IDR 20,000,000 / lot
|
USD 2,000 / lot
|
Commission
|
IDR 50,000 / lot / side
|
USD 5 / lot / side
|
Rollover Fee for Buy / Sell
|
IDR 50,000 / lot / night
|
USD 5 / lot / night
|
Value Added Tax
|
10% from Commission
|
10% from Commission
|
Maintenance Margin
|
70% of Margin Required
|
70% of Margin Required
|
Auto Liquidation | 30% of Margin Required | 30% of Margin Required |
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Price Source
|
Winquote / Telequote
|
Winquote / Telequote
|
Price Guidance
|
Last Trade
|
Last Trade
|
Normal Price Spread Quote
|
USD 1.00
|
USD 1.00
|
Minimum Price Movement
|
USD 0.01 / troy ounce
|
USD 0.01 / troy ounce
|
Delivery By
|
Cash Settlement
|
Cash Settlement
|
Note:
* Effective: November 22, 2011