IIBX revised the Maximum Brokerage/Other charges for 100 GM Gold T+0 Contracts

Jun 21, 2023 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Industry Specific ComplianceThe India International Bullion Exchange (IIBX) on June 21, 2023, revised the Maximum Brokerage/Other charges for 100 GM Gold T+0 Contracts with reference to IIBX Circular No.  20220803-1 dated August 03, 2022.

To align the brokerage/other charges of 100 GM Gold T+0 products with the brokerage/other charges for 1 KG contracts Gold T+0 products, Members are requested to take note of the revised charges of 100 GM Gold T+0 products prescribed below, with immediate effect, for the transactions executed at IIBX.

Maximum Brokerage Charges/Other Charges (Trading Member Charges & Clearing Member Charges) shall not exceed:

Brokerage/Other Charges (for Gold T+0 products)

1 KG

100 GM

Maximum Trading Member Charges

$ 3

$ 0.30

Maximum Clearing Member Charges

$ 2

$ 0.20

[Circular No. 20230621-3]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT