|Base contracts for the average||
Unit Cost = the cost calculated for the exchange fee or the variable registration fee for one contract;
= average cost calculated for the exchange fee or the variable registration fee, based on the ADV and the tables below, on a progressive way;
M = the contract multiplier to the equivalent of 250g, of which 0.04 to OZ2 and 0.0009 to OZ3;
Dollar = the offered PTAX foreign exchange rate on the last day of the month prior to that of the transaction.
|ADV||Exchange fee (USD)||Registration fee|
|From||To||Variable component (USD)||Fixed component (USD)|
|More than 300||0.24||0.17||0.0319502|
The incentive policies below affect only the exchange fee and the variable registration fee. The fixed registration fee remains the same as described on the table.
|Contract||Reduction factor (λ)||Value per day (p)|
|Gold future 250g||1.00||USD 0.007|
|Gold forward 250g||1.00||USD 0.007|
This fee is not charged for options, spot and fractions.
For the gold futures contracts, a settlement fee of USD 0.58 will be charged per contract at the settlement. All other contracts are exempt.
Exercise of options on gold spot contract will be charged as spot gold 250 grams.