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Mercantile Exchange Blog |
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Jul 19 2013 |
| Did You Know? Fact-10 |
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What is the Validity of Spot Contracts in MEX Nepal’s AX1 Trader Console?
All the spot contracts in MEX Nepal’s trading platform have T+90 or T+120 days of validity time prior to expiry, excluding the date (Trade Initiated Day) on which the position is taken. This implies, the total time period for an executed spot contract, taking into account the position executed date, is 91 or 121 days. For instance, Brent Crude Oil, Crude Oil, Mini Crude Oil, Nano Gold, Natural Gas, Mini Natural Gas & Nano Silver has T+90 days of validity whereas Copper, Mini Copper, Gold, Mini Gold, Silver & Mini Silver has T+120 days of validity.
Moreover, you can view the validity of individual spot contracts in the spot contract specification which can be found in the MEX website. (http://www.mexnepal.com/webimages/pdf/spot_contract.pdf).
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