Kilo Gold Futures

Kilo Gold Futures44214901

Description

Physically-deliverable contract on 1kg gold bars of 0.9999 fineness of approved gold brands as published by the Exchange.

Market Specifications

Trading Screen Product Name
Kilo Gold Futures
Trading Screen Hub Name
ICSG
Contract Symbol
AU
Contract Size
One gold bar minimum weight 1 kilogram
Unit of Trading
Any multiple of 1 kilogram
Currency
US Dollars
Trading Price
USD and cents (USD0.01) per gram
Settlement Price
USD and cents (USD0.01) per gram
Minimum Price Fluctuation
One cent (USD 0.01) per gram (USD 10.00 per contract)
Delivery Methods
Exchange-approved vaults located in Singapore. Minimum gross weight 1 kilogram, no less than 0.9999 fineness. Delivery vault to be specified at discretion of the Clearing Member of the seller.
Last Trading Session Without Delivery Risk
Positions must be offset prior to 9.00 AM SGT on the second to last business day prior to the first business day of the delivery month.
Last Trading Day
First business day of the delivery month at 3:00PM SGT.

(Please take note of the extended delivery period for this contract).
First Delivery Day
The first business day of the contract month.
Last Delivery Day
The third business day of the delivery month.
First Seller's Notice Day
First day that the Clearing Member of the seller can notify Exchange of intent to deliver is the second business day prior to the First Delivery Day
Last Seller's Notice Day
Last day that the Clearing Member of the seller can notify Exchange of intent to deliver is the second business day prior to the Last Delivery Day.
First Buyer's Notice Day
First day Exchange can notify the Clearing Member of the buyer that it has been assigned the obligation to make payment for and take delivery of, an electronic vault receipt is the business day immediately prior to the First Delivery Day.
Last Buyer's Notice Day
Last day Exchange can notify the Clearing Member of the buyer that it has been assigned the obligation to make payment for and take delivery of an electronic vault receipt is the business day immediately prior to the Last Delivery Day.
Contract Security
ICE Clear Singapore acts as the central counterparty for trades conducted on ICE Futures Singapore. This enables it to guarantee the financial performance of every contract registered with it by clearing members up to and including exercise and/or settlement.
Settlement
The weighted average price of trades during a two minute settlement period from 2:58 PM SGT.
Daily Margin
All open contracts are marked-to-market daily.
Position Limits
The Exchange's daily position management regime requires that all positions in any contract month must be reported to the Exchange on a daily basis. The Exchange has powers to prevent the development of excessive positions or unwarranted speculation or any other undesirable situation and may take any steps necessary to resolve such situations including the ability to mandate members to limit the size of such positions or to reduce positions where appropriate.

Position Limits can be found on “Market Resources” page of our website.
Expiry Limits
The Exchange may impose limits on positions in this contract at its discretion in accordance with the related Exchange Rule.

Expiry Limits can be found on “Market Resources” page of our website.

Exemptions from expiry limits may be granted at the Exchange’s discretion to participants who provide and document a commercial rationale for their requirement.
Contract Series
Current calendar month and the next 2 months. Any February, April, August and October within 23 months of the current calendar month. Additionally, any June and December within 60 months of the current calendar month.
Delivery/Settlement Basis
The ICE Futures Singapore Gold futures contract is a deliverable contract based on physical delivery. The Exchange publishes a list of approved gold brands, that will be accepted for physical delivery. Delivery invoice shall be on the basis of exactly 999.9 grams of gold. ICE Clear Singapore has full discretion in allocating which contracts belonging to sellers shall be allocated to buyers to effect delivery.
Business Days
ICE Futures Singapore Business Days.
MIC Code
IFSG
Clearing Venues
ICSG
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Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:55 PM
19:55
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:55 AM
00:55
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:55 AM
07:55

*Next Day

Codes

Clearing Admin Name
Gold Kilo
Physical
AU
Logical
AU
GMI(FC)
R&N A.C.N.