The India International Bullion Exchange (IFSC) Limited (IIBX) on September 12, 2024, notified regarding the Gold Futures – Delivery Intention Submission Mechanism.
The following has been stated:
• It has completed the required software update and the facility to submit/withdraw delivery intention throughout the Delivery Intention Submission Day shall be available to the participants with effect from September 2024 Delivery contract. Accordingly, the Delivery Intention Submission details in the Gold Futures Product Specifications stand modified as below:
Delivery Intention Submission: Members can submit the intention for total quantity for which they intent to give delivery/take delivery on behalf of their clients using the Member portal. The client wise delivery intention quantity can be submitted or withdrawn before or during the trading hours on E-2 Trading day. The delivery intention quantity submitted for the client cannot be more than the Client’s Open Position in the expiring contract. The Open position of the respective clients would be blocked to the extent of delivery intention quantity submitted.
[Notification No 20240912-1]
