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Cleared OTC London Gold Forwards (cash margin) Contract Specs

Product Symbol GBC
Venue CME ClearPort
Trading Hours
CME ClearPort Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)    
Contract Size .001 troy ounces
Price Quotation U.S. Dollars and Cents per ounce
Minimum Fluctuation $0.001 per ounce
Last Submission Day Trades can be submitted at CME Clearing for clearing up to and including one good business day prior to the delivery date.
Settlement Type Physical
Delivery Period London Good Delivery as specified by the LBMA at unallocated accounts held at LPMCL member banks. Delivery can be made on any good business day in the LBMA calendar, with a maximum available maturity of 10 years from spot.
Position Limits NYMEX Position Limits
Rulebook Chapter 1081
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of COMEX.