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Product Specification
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| Trading |
| Symbol |
DSTL |
| Contract Size |
10 tonnes |
| Underlying Asset |
Prime weldable steel reinforcement bar (rebar) |
| Quality Specification |
BS 4449 (1997) W 460 B Type 2 |
| Delivery Months |
Monthly for four months forward |
| Last Trading Day |
First Thursday of delivery month. If first Thursday is a holiday then preceding trading day |
| New Contract Listing |
Business day immediately following the last trading day |
| Price Quote |
US$ per tonne |
| Tick Size |
US$ 1 per tonne (US$ 10 per contract) |
| Max Order Size |
100 contracts |
| Trading Days |
Monday through to Friday |
| Trading Hours |
10:00 - 18:00 Hours Dubai time (GMT+4) |
| Wholesale Trades |
EFS, EFP, Block trade facilities available |
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Margins
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| Margins |
| Initial Margin based on SPAN |
US$ 600 per contract (subject to change) |
| Calendar Spread Margin |
50% benefit is offered on calendar spread positions. |
| Extra Margin |
At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged. |
| Delivery Period Margin |
During the last four days of trading the front contract a minimum Delivery Margin of US$ 1,200 per lot shall be applied. |
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Delivery Related Information
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| Delivery related information
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| Delivery Unit |
10 tonnes |
| Delivery Tolerance |
All 10 tonnes must adhere to piece counts and theoretical weights prescribed above. No deviation or delivery tolerance is permitted. |
| Approved CMI |
As approved by DGCX |
| Approved DCR Issuer |
As approved by DGCX |
| Approved Producers |
As approved by DGCX |
| Delivery Period |
The four Trading Days following the Last Trading Day |
| Notice Day |
Last Trading Day of the respective contract |
| Delivery Process |
Compulsory delivery as allocated by the Exchange on a random basis |
| Alternative Delivery Procedure |
Available in accordance with DGCX By-Laws K. 13 |
| Delivery Instrument |
Dubai Commodity Receipt (DCR) with accompanying Mill Test Certificate per lot |
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