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Question

What type of contracts are currently available for trading on IIBX?

A T+1 contracts for gold and silver Correct Answer Incorrect Answer
B T+0 contracts for 995 1kg (LBMA & UAEGD) and 999 100 gm (LBMA) Correct Answer Incorrect Answer
C T+2 contracts for platinum and palladium Correct Answer Incorrect Answer
D Spot contracts for copper and nickel Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The global bullion banks, bullion refiners, and bullion traders through IIBX, can directly access the bullion buyers in India via IIBX. GIFT IFSC area offers convenience to re-export the Bullion as and when required by bullion suppliers without payment of customs duty. T+0 contracts are currently available for 995 1kg (LBMA & UAEGD) and 999 100 gm (LBMA) with plans to enhance the product suite going forward. IIBX proposes to launch Repo products, Gold metal loan and lease products and introduce Silver shortly. IIBX proposes to have IFSCA-approved vaults at multiple SEZs across India.    

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