September 23, 2009

As of Sunday September 20, 2009, for clearing date Monday, September 21, 2009, the Exchange now provides a central clearing service for Cleared OTC London Gold Forwards. The contract is listed by COMEX and available for clearing through CME ClearPort. This initial launch includes house activity with eligibility for customer segregated activity occurring later in the year.

Delivery Reminders
Participants are required to have an unallocated London Gold account prior to entering any trades via CME ClearPort. CME Clearing will pass along any delivery related fees incurred to the Clearing Member Firm stemming from delivery of unallocated gold. Please contact the Delivery and Settlements area in order to receive a copy of our unallocated bullion account instructions.

USD Flows
Longs: USD will move thru the Clearing Member Firm USD variation accounts at 1:30 p.m. London (7:30 a.m. CST)
Shorts: USD will be paid once the Gold has been received at the designated CME Clearing bullion account to the Clearing Firm variation account.

Gold Flows
Shorts: Gold needs to be paid to CME Clearing’s Bullion Account by 1:00 p.m. London (7:00 a.m. CST)
Longs: Gold will be released to specified Bullion Accounts by 2:00 p.m. London (8:00 a.m. CST)

Fees

• Clearing fees, per 100 fine troy ounces, will be charged with reference to the time to delivery date at the point of submission to clearing. Clearing fees will be charged according to the following table:
  

  Transaction Maturity	Member Clearing Fee per 100oz	Non-Member Clearing Fee per 100oz
  'Tom' and 'Spot'	$0.10	$0.15
  T+3 to 1 Month	$0.16	$0.24
  1-3 Months	$0.20	$0.30
  3-6 Months	$0.50	$0.75
  6-12 Months	$0.80	$1.20
  1-3 Years	$1.00	$1.50
  3-5 Years	$2.00	$3.00
  5 Years +	$4.00	$6.00

• Transactions with a delivery date on the boundary between two fee tiers (eg 1 month) will be charged at the higher rate.

For further information, please contact the Hotline at (212) 299-2301, or CME Group London office at +44 20 7796 7100.

The Exchange is in the process of delisting the COMEX miNY Gold Futures (50 Troy Ounces) (QO) and COMEX miNY Silver Futures (2,500 Troy Ounces) (QI) contracts. These contracts have been replaced with the cash-settled E-mini Gold Futures (33 Troy Ounces) and E-mini Silver Futures (1,000 Troy Ounces) contracts which became available for trading on CME Globex on April 20, 2009. The COMEX miNY Gold Futures and COMEX miNY Silver Futures contract months will continue to be delisted on an ongoing basis as open interest in these contracts unwinds and there will be no additional months listed for trading.

Should you have any questions or require any further information, please contact Robert Levin at (212) 299-2390 or Joann Arena at (212) 299-2356.

InformationWeek recently named CME Group the #1 technology innovator in this year’s InformationWeek 500. We are continually striving to offer you faster, even more reliable and globally accessible technology. The average round trip time for CME Globex trades now averages less than 7 milliseconds, with some markets trading at 2.5 milliseconds. We are working to make sure that response times in all of our product areas are under 1 millisecond by the end of 2010, ensuring that the speed with which you can do business continues to get even faster.