Tuesday May 5 2026
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: India
India International Bullion Exchange (IIBX) announced that the market will launch T+2 contracts with effect from May 6, 2026.
The introduction of T+2 settlement marks a significant step in deepening market efficiency, enhancing liquidity and aligning the bullion ecosystem with global best practices.
Key Benefits of T+2 contracts
- Price Protection: Lock-in prices on T day for delivery upto two settlement days from the day of trading (i.e. T+2 days).
- Contract variants – Gold: T+2 contracts will be available for all types of TRQ and Non-TRQ Gold Contracts for all purities of 995 (1 Kg), 999 (100 Gm) and 9999 (1 Kg and 12.5 Kg) and for LBMA and UAE Good Delivery Bars for delivery at GIFT City and Chennai centres.
- Contract variants Silver: T+2 contracts will be available for 30 Kg 9999 purity Silver Bar contracts for LBMA and UAE Good Delivery Bars for delivery at GIFT City and Chennai centres.
- Institutional Contracts: T+2 contracts for Gold and Silver will also be available under Institutional segment.
- Transparency: Exchange-traded contracts ensure fair, open-market price discovery and transparency.
- Low initial margin on buy side: For Gold T+2 contracts, it is proposed to have an initial margin of 10% or two days VAR, whichever is higher. For Silver T+2 contracts, it is proposed to have an initial margin of 15% or two days VAR, whichever is higher.
- Early pay-in of BDRs: BDR 100% pay-in before entering the order.
- Pay-out of BDRs: Upto T+2 days. Trades will be settled multiple times as and when the complete pay-in of funds is received.
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