Shanghai gold exchange to allow physical gold as collateral
Published Thu, Sep 10, 2015 · 08:44 AM
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[BEIJING] China's Shanghai Gold Exchange said it will allow physical gold to be used as collateral on futures contracts from Sept 29, according to a statement posted on its website on Thursday.
Physical gold will be permitted to be used for up to 80 per cent of margin value, according to the statement.
REUTERS
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