Iran Mercantile Exchange

Iran Mercantile Exchange, Asia

No.351, at the corner of Anzali Str. , Taleghani Ave.
Zip: 1581653411
Tehran - Islamic Republic of Iran
Tel:  +98-21-88383054   ,    88641143
Fax: +98-21-88383062
Web address: www.ime.co.ir
Email contact: Ahmad Rezaei :   rezaei{.}ime.co.ir /rezaei_1336{.}yahoo.com
Mob :  009809122853382

Establishment:
IME was established in 2007 as a result of merger of two prominent exchanges of metals and agricultural products

Type:
Semi-electronic open outcry auction in spot market and electronic continuous trading in futures contracts

Contracts:

Spot Market:

Characterized by prompt physical delivery, the contracts are traded in 3 categories:

Morning session I: agricultural commodities transactions in grains, cereals, oil seeds, oil meals, saffron, lentil and etc.

Morning session II: ferrous and non-ferrous metals as well as precious metals contracts. Such as steel billets, beams, rebar, copper, Aluminum, zinc, etc.

Afternoon session: for the transaction of petrochemicals, chemicals and the downstream products of the oil industry. As the range of the products in this field is massive please refer to our website.

Derivatives Market:

Launched in 2008 , the Gold Coin futures contract as the flagship of our derivatives market welcomed by the ever-increasing investors and hedgers in this market. Other futures contracts are copper rod ( coil ) and in the near future polyethylene and gold bullion.

Derivatives products listed on the IME Futures Market:

Underlying Asset	Listed Products
Precious Metals	Gold Coin ( 8.126 grams, finness:900 )
Non-ferrous Metals	Copper Rod ( Coil ) – 8mm

ACCESS TO BOTH SPOT& FUTURES MARKETS FOR FOREIGN INVESTORS:

To trade the futures and spot products listed on the IME, a foreign investor must designate and appoint a brokerage company to place the orders and the brokers execute the orders on behalf of the investors. In order to take delivery of the commodity, the buyer should do the customs formality by him/herself or through an Iranian clearing agent.

Kish Island Trading Floor:

located on the super giant splendid coral reef, the free trade zone has been designed to serve the international traders to come by and do their business in the calm, tranquil and peaceful semi-tropical pearl of the Persian Gulf. The state-of-the-art trading floor equipped with the latest hi-tech ensures sound real time transactions protected by the risk management solutions. Designed to execute oil, petrochemical and chemical products export transactions the floor is going to link it’s operation to the futures contracts any time soon.
Exchange membership:
Currently, the exchange membership is restricted to the domestic companies but, the law to remove the restrictions and opening the door to the foreign companies and international banks and brokerage firms is under ratification by both the parliament and the Securities and Exchange Organization ( the regulator ).

Regulation:

The exchange is constantly regulated by the SEO to ensure the sound and flawless operation. All the brokers and trader have collaterals with both SEO and the exchange clearing house in order to ensure fulfillment of their obligations toward their clients.

All clients are protected against any mal operation or misconduct of the brokers.

	06-09-2010 23:29