Site Name
News & Events
Jul 27 2010Launching of Matching Software first time in Nepal
May 24 2010Recognition of Commodities Market
May 24 2010COMEN efforts on 'Regulation of Commodities Market'
Feb 15 2010Crude Oil & NG in COMEN Trading Platform...
Dec 21 2009Committe formed for commodites exchange
Dec 21 2009Launch Of New COMEN Trading Platform
Dec 01 2009Registration of Himalayan Stock Exchange
View All
Resource Center
Knowledge Centre
Lists of Brokers
Local News
Presentations
Product/Month/Year Code
Trading Holidays Schedule

 

CONTRACT SPECIFICATION


Precious Metals : Gold
Contact Us if you want this document in PDF or DOC format


Web Resources

  1. Contract period:                            2 months of trading calendar.
  2. Name of the contract:                    Gold.
  3. Type of contract:                          COMEN futures contract.
  4. 1st notice date:                              15 days before to end of trading calendar.
  5. 2nd notice date:                             10 days before to end of trading calendar.
  6. Delivery duration:                          Last 5 working days of contract months.
  7. Fresh positions are not allowed:     Same date of 2nd notice date.
  8. Trading system:                            COMEN trading system.
  9. Trading months:                            Feb/ April/ Jun/ Aug / Oct/ Dec.
  10. Spread offsetting:                         Allowed with difference of spread and additional commission for new contract.
  11. Quantity:                                     100 Gms.
  12. Quotation base value:                   10 Gms.
  13. Tick size:                                     1 rupee.
  14. Purity of contract:                          99.90%
  15. Quality variation:                           +/- 0.00 %
  16. Initial margin:                                15,000.00 NPR
  17. Maintenance margin:                     5,000.00 NPR
  18. Special margin:                             If price fluctuate more than 20% in a contract period, additional special margin will be applicable for all open positions equivalent to maintenance margin, which will be notified by 24 hours.
  19. Variation margin:                           As per the fluctuation of price initial margin may vary, and it will be applicable to every open positions.
  20. Position limits:                              500 times contract size.
  21. Fluctuation limit:                           10% of last price. But this is not applicable for every new trading day.
  22. Commission structure:                  Per entry of market.
  23. Margin call period:                         24 hours.
  24. Code of contract:                          GOLD-100
  25. Delivery method:                           Seller’s option.
  26. Delivery logic:                               Cash settlement/ physical delivery.
  27. Delivery centers:                           Kathmandu.



AGRO PRODUCTS
METALS
  • Base Metals
  • Precious Metals
ENERGY
OTHERS

OFFICIAL BANKS

Nepal SBI Bank