• Approved Changes in Gold, Silver, and Palladium Delivery Out Rates for HSBC Bank USA

      • From
      • Registrar's Office
      • #
      • MKR10-30-17
      • Notice Date
      • 30 October 2017
      • Effective Date
      • 01 February 2018
    • DATE:            October 30, 2017

      MKR#:           10-30-17

      SUBJECT:     Approved Changes in Gold, Silver, and Palladium Delivery Out Rates for HSBC Bank USA

       

      HSBC Bank USA, a COMEX/NYMEX Depository for the storage and delivery of gold, silver, platinum, and palladium deliverable against the Exchange’s respective futures contracts, will implement new rates in connection with “Delivery Out” of Gold, Silver, and Palladium at its facility located in New York, NY. The new rates reflect the maximum amounts of fees that can be charged and will be effective February 1, 2018.

       

      NEW DELIVERY OUT RATES FOR GOLD, SILVER, AND PALLADIUM

      Commodity

      Storage

      Delivery In

      Delivery Out

      Gold

      $15.00

      $0.00

      $35.00

      Silver

      $8.50 (per bar)

      $0.00

      $35.00 (per bar)

      Palladium

      $20.00

      $0.00

      $30.00

       

      The Commodity Futures Trading Commission (CFTC) will be notified of these rate changes during the week of February 5, 2018 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

       

      Please refer questions on this subject to:

      Market Surveillance

      Spencer McGowan                                spencer.mcgowan@cmegroup.com               (312) 435-3662