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Rolling Gold Index Contract Specifications

Distinct Characteristic	Kontrak Berjangka yang pada penutupan jam perdagangan, seluruh posisi terbuka akan diperpanjang secara otomatis ke hari perdagangan berikutnya sampai posisi tersebut ditutup.
Contract Code	KIE
Contract Base	Index point calculated by the Settlement Price of the Gold Rolling Contract with the gold price from the physical market Loco London.
Contract Multiplier	Rp 10.000,- per index point
Price Quotations	Indonesian Rupiah/gms
Minimum Price Fluctuation	1 (one) index point (Rp 10.000 per contract)
Trading Hours	Western Indonesian Time, on each business day at 08:30 to 17:30
Transactions at Settle	Transactions at settle commence everyday at 17:45 to 18:00 Quotations will be made according to the settlement of that day
Interest Rate	Each month the Exchange will announce the calculation 1month interest rate differential of the USD Deposit and IDR Deposit from 7 appointed Banks. The Exchange can change the calculation period without prior notice. From 7 figures, the extreme high and low will be extracted, while the other 5 will be calculated and weighted. The Clearing House will debit or credit the open position based on the interest rate. Total interest day is calculated based on value date. The Broker have a free option to debit or credit their customer’s account not more than 50 basis point per annum based from the Exchange interest rate announcement.
Cash Settlement	Cash Settlement is based on the Gold Rolling contract Settlement Price from the best bid and best offer of the Loco London retrieved from Reuters on the end of day.
Last Settlement	On the closing of the day, all contracts still open at maturity are settled at cash settlement rate.
Reportable Positions	500 lot
Speculative Position Limit	1000 lot