What does "precious metal deferred" mean? What is Au(T+D) and Ag(T+D)?
(1.) **Definition of Precious Metal Deferred (T+D) Business:**
Precious Metal Deferred (T+D) is a type of precious metal trading business conducted on a margin basis. It refers to the buying or selling of precious metals...
In simpler terms, T+D stands for "Trading on a Deferred Basis," where "T" represents the trading day, and "D" indicates deferred delivery. This means that instead of immediate settlement, the transaction allows for deferred delivery of the precious metal. The contracts can be rolled over daily, and only a margin (a portion of the total value) is required to initiate and maintain the trade.
- **Au(T+D):** Refers to gold trading on a deferred basis.
- **Ag(T+D):** Refers to silver trading on a deferred basis.
Both Au(T+D) and Ag(T+D) are commonly traded in markets like the Shanghai Gold Exchange, allowing investors to speculate on price movements or hedge against risks with leverage.