Question
What type of contracts are currently available for
trading on IIBX?Solution
The global bullion banks, bullion refiners, and bullion traders through IIBX, can directly access the bullion buyers in India via IIBX. GIFT IFSC area offers convenience to re-export the Bullion as and when required by bullion suppliers without payment of customs duty. T+0 contracts are currently available for 995 1kg (LBMA & UAEGD) and 999 100 gm (LBMA) with plans to enhance the product suite going forward. IIBX proposes to launch Repo products, Gold metal loan and lease products and introduce Silver shortly. IIBX proposes to have IFSCA-approved vaults at multiple SEZs across India.
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