About IIBX Qualified Suppliers

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Qualified Suppliers on IIBX

Any entity who wants to supply bullion on IIBX and who being a body Corporate, i.e. a company, or a Limited Liability Company (LLC) or a Limited Liability Partnership (LLP), incorporated as per the applicable laws in the home jurisdiction shall be eligible to apply to become a designated "Qualified Supplier" (QS) on IIBX subject to submitting requisite documentation including Know Your Bullion Depositor (KYBD) form.

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Bullion Trading Member

Bullion Trading Member

A Qualified Supplier can either participate as a Bullion Trading Member by submitting the Know Your Bullion Depositor (KYBD) form. Please visit IIBX website to download the documentation and related annexures for application

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Client

Qualified Supplier can also participate as a client of a Bullion Trading Member (Qualified Supplier [QS]- Client). QS-Client shall approach a Bullion Trading Member (TM/TCM) for opening a client account by submitting the Know Your Bullion Depositor (KYBD) form to IIBX and requisite Know Your Customer (KYC) and the application forms as specified by the Bullion Trading Member and the India International Depository IFSC Limited (IIDI).

  • QS-Client can supply bullion as well as trade in Bullion Depository Receipts (BDRs) on IIBX.
  • QS-Client must have a minimum net worth equivalent to US$ 3 Million as per the latest audited statement.
  • The QS-Client can undertake 'buy' as well as 'sell' transactions on IIBX
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Services Provided Anand Rathi International Ventures (IFSC) to Qualified Suppliers

ARIVPL with its dedicated office in GIFT City Gandhinagar is an approved Trading and Self Clearing member of IIBX hence any Qualified Supplier can avail services of our company in following ways:

  • Application Approval as Qualified Supplier
  • Documentation processing for IIDL demat account
  • Trading Account with ARIVPL
  • RM Assisted buy / sell trade on IIBX Platform
  • Bank remittances
  • Competitive Brokerage on the BUY / SELL Trade transactions
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Limited Purpose Trading Member (QS-LPTM)

Limited Purpose Trading Member (QS-LPTM)

QS-LPTM can participate on IIBX without having to set up an establishment, office or a unit – as a branch or subsidiary at International Financial Services Centre (IFSC) subject to meeting the eligibility criteria as specified below.

  • QS-LPTM can only participate on the 'sell' side and are not allowed to buy BDRs on IIBX.
  • The entity must be engaged in the business of supplying precious metals for at least five years
  • The entity must have a minimum net worth equivalent to US$ 10 Million or equivalent amount as per the latest audited statement
  • QS-LPTM shall comply with the 'fit and proper criteria' specified under regulation 52 (2) of the International Financial Services Authority (Bullion Exchange) Regulations, 2020, at all times Net worth certificate for QS-LPTM should be submitted within two months of end of each calendar quarter viz. March, June, September & December every year
  • QS-LPTM shall maintain a minimum interest-free security deposit of US$ 100,000
  • QS-LPTM shall have to associate itself with a clearing member for clearing of its transactions
  • QS-LPTMs shall be permitted to only sell BDR on IIBX in respect of bullion brought by them. The QS-LPTMs may be permitted to cancel or modify the ‘sell’ order previously entered.
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Product Specification

Once approved and registered with IIBX as Qualified Supplier , You can supply

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GOLD 995

Description

UAEGD GOLD T+0

Trading Period

Exchange Business Days

Trading Session

9:00 Hrs to 17:30 Hrs. Indian Standard Time (IST)

Trading Unit

1 kg

Price Quote

US Dollars per Troy Ounce

Maximum Order Size

10 kg

Tick Size (Minimum Price Movement)

US$ 0.01

Margin

100%

Delivery

Settlement Basis

Compulsory in BDR form

Delivery Unit

1 kg

Settlement

T+0

Settlement Timing

18:00 Hrs. to 21:00 Hrs. Indian Standard Time (IST) same day

Quality Specifications

995 purity
These Gold bars should be serially numbered Gold bars Supplied by UAE Good Delivery (UAEGO) Approved suppliers or other suppliers as may approved by IIBX. These Gold bars are to be submitted along with supplier’s quality certificate.

Country of origin

At the time of clearance of the import consignment, the importer in India must produce a Certificate of Origin issued by concerned authorities in UAE.

Delivery Logic

Compulsory in BDR form in the Demat account with the depositoryDelivery.

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Some important pointers

  • Bullion Supply is to be construed as import of Gold into SEZ or IFSC Vaults from Overseas
  • A Qualified Supplier (Bullion Depositor) of Gold shall submit Certificate of Origin issued by concerned authorities in UAE to India International Depository IFSC Limited (IIDI) along with the other shipping documents
  • The Gold bars being deposited should be serially numbered (it means that Gold Bars should have a Serial Number) and should be sourced from UAE Good Delivery (UAEGD) approved refineries/suppliers or other suppliers as may be approved by IIBX
  • Gold bars are to be deposited along with assay certificate which mentions the Quality and Quantity of each Gold Bar

Interested to know more, contact the team

ARIVPL IIBX Support Desk

Email your queries to giftifsc@rathi.com or directly connect the following for understanding Approval process and Supply process flow

Niteen D : CEO and Head

ARIVPL – GIFT City Business

+91-9967165230

niteendongare@rathi.com

Manali Mehta

ARIVPL – GIFT City Business

+971-568650412

manalimehta@rathi.com

Dinesh Modi

ARIVPL – GIFT City Business

+91-9987231156

dineshkumarmodi@rathi.com

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Membership Details

Exchange Registration Number

IFSCA / SEBI Registration Number

INZ000292939

INDIA INX

5064

NSE IFSC Exchange

10048

IIBX – TSM Membership Number

2011

IIDL – Depository Participant Number

IFSCA/DP 2022-23 /007

Distributor (Capital Market products and Services)

2023-24/0002

Contact Details

giftifsc@rathi.com

India - +91-96-19655115
Dubai - +971 568650412

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