GOLD FUTURES

* Dubai has a longstanding history and an established trade in precious metals. DGCX launched its trading operations with the DGCX gold futures contract. The gold futures contract is based on 1 kilogram of gold (0.995 fineness) which is deliverable at DGCX approved vaults in the United Arab Emirates (UAE).

GOLD FUTURES CONTRACT SPECIFICATION
Trading
Symbol DG
Contract Size 32 troy ounces. (1 kg)
Quality Specification 0.995 purity, as per Dubai Good Delivery Standard
Trading Months Feb, Apr, Jun, Aug, Oct and Dec
Last Trading Day Business Day immediately preceding sixth Delivery Day
New Contract Listing Business day immediately following last trading day
Price Quote US$ per troy ounce
Tick Size US$ 0.10 (US $ 3.2 per contract)
Price Movement Limit US$ 30 - Note 1*
Max Order Size 200 contracts
Trading Days Monday through to Friday
Trading Hours 08:30 - 23:30 Hours Dubai time (GMT+4)
Wholesale Trades EFS, EFP, Block trade facilities available
Margins
Initial Margin based on SPAN US$ 2,500 per contract ( Subject to change)
Calendar Spread Position Margin Depending upon each class of asset, spread position margin (Calendar spread margin) is charged using the SPAN framework. In case of Gold, 100% benefit is offered on calendar spread margins.
Extra Margin In time of high volatility, an extra margin as deemed fit by the Exchange may be imposed on all open positions
Delivery Period Margin US$ 12,500 per contract is applicable during the last six trading days for all open long or short positions that have not been liquidated
Delivery related information
Delivery Unit 1 Kg (31.99 troy ounces)
Deliverable Weight 1 Kilogram cast in one bar
Deliverable Quality 0.995 fineness
Approved CMI / Assayers Names as listed on the DGCX website
Approved Refiners Names as listed on the DGCX website
Approved Vaults Names as listed on the DGCX website
Delivery Period First through to sixth delivery day of the delivery month
First Notice Day Business Day immediately preceding First Delivery Day
Last Notice Day Business Day immediately preceding Sixth Delivery Day
Delivery Process Compulsory Delivery as allocated by the Exchange on a random basis
Vault charges Rates applicable as published on the DGCX website
Delivery Instrument Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner¡¯s certificate or CMI-Certified DGR only)

Note 1*: If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period.

SILVER FUTURES

* Dubai is also an important geographical location for the Silver industry and international silver trade. The Silver futures contract was second contract launched on DGCX. The contract represents 1,000 troy ounces of silver (0.999 fineness) and is deliverable at DGCX approved vaults in the UAE.

SILVER FUTURES CONTRACT SPECIFICATION
Trading
Trading Symbol DS
Contract Size 1,000 troy ounces.
Quality Specification Min 0.999 purity, as per Dubai Good Delivery Standard
Trading Months Mar, Jul, Sep and Dec
Last Trading Day Fifth Delivery Day of the Delivery Month
New Contract Listing Business Day immediately following Last Trading Day of Expiring Contract
Price Quote US$ quoted in Cents per troy ounce
Tick Size US$ 0.5 (US $5 per contract)
Price Movement Limit US$ quoted in Cents - 75 Cents - Note 1*
Max Open Position Limit As determined and specified by the Exchange
Max Order Size 200 contracts
Trading Days 08:30 - 23:30 Hours Dubai time (GMT+4)
Trading Hours M/F 08:30 - 23:30 Hrs
Wholesale Trades EFS, EFP, Block trade facilities available
Margins
Initial Margin based on SPAN US$ 2,700 per contract (subject to change)
Calendar Spread Position Margin Depending upon each class of asset, spread position margin (Calendar spread margin) is charged using SPAN framework. In case of Silver, 100% benefit is offered on calendar spread position
Extra Margin In case of additional volatility, an Extra Margin as deemed fit by the Exchange; may be imposed on all open positions
Delivery Period Margin US$ 13,500 per contract is applicable during the last six trading days for all open long or short positions that have not been liquidated
Delivery & Cash Settlement related information
Delivery Unit 30 Kg
Deliverable Weight 30 Kilograms cast in one bar of 1,000 troy ounces (10% more or less)
Deliverable Quality Minimum 0.999 fineness - Note 2*
Approved CMI / Assayers Names as listed on the DGCX website
Approved Refiners Names as listed on the DGCX website
Approved Vaults Names as listed on the DGCX website
Delivery Period First through Fifth Delivery Day of the Delivery Month
First Notice Day Business Day immediately preceding First Delivery Day
Last Notice Day Business Day immediately preceding Fifth Delivery Day
Delivery Process Compulsory Delivery as allocated by the Exchange on a random basis
Vault charges Rates applicable as published on the DGCX website
Delivery Instrument Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner¡¯s certificate or CMI-Certified DGR only)
Option for Cash Settlement Open Positions that have not been closed out on the Last Day of Trading are subject to cash settlement as per Silver cash settlement rice declared by the Exchange
Silver Cash Settlement Price Silver Cash Settlement Price shall be the London Silver Fixing Price (expressed in US Dollars per troy ounce) of The London Silver Market Fixing Limited published by The London Bullion Market Association (LBMA) on the Last Day of Trading

Note 1*: If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period Note 2*: If Silver of higher fineness is delivered, no premium shall be paid.