DATE: May 15, 2018
MKR#: 05-15-18
SUBJECT: Revocation of Approved Status for Warranting and Delivery of Brand under the COMEX Gold Kilo Futures Contract
Effective immediately, Commodity Exchange, Inc. (“COMEX” or “Exchange”) has revoked the approved status for registration (warranting) for delivery and delivery of the following Brand against the Exchange’s Gold Kilo Futures contract (CME Globex/CME ClearPort Code: GCK; Rulebook Chapter 114):
Gold Kilo (GCK) Brand |
|||
Producer |
Refined At |
Code |
Brand Marks |
JSC Ekaterinburg Non-Ferrous Metals Processing Plant |
Russia |
JSCE |
Ekaterinburg logo, Cyrillic ED and ______ ('Russia' in Cyrillic script) in oval |
the “Former Approved Brand”.
As such, gold of a Former Approved Brand and warrants issued for gold of a Former Approved Brand shall not be deliverable under the Exchange’s Gold Kilo Futures contracts.
There is currently no warranted material of a Former Approved Brand at Exchange-approved Depositories. Any unwarranted material of a Former Approved Brand at Exchange-approved Depositories will no longer be deemed, or reported as, eligible for registration.
The Former Approved Brand is hereby removed from the list of Exchange approved Brand marks as provided in Chapter 7 of the Exchange Rules.
The Exchange notes that the US Department of the Treasury’s Office of Foreign Assets Control ("OFAC"), in consultation with the Department of State, designated certain legal and natural persons as subject to sanctions, including Renova Group. Accordingly, the Exchange is taking the actions set out in this notice in respect of the Former Approved Brand pursuant to Exchange Rule 703.C.
Please refer questions on this subject to:
Market Surveillance
Terry Gehring Terry.Gehring@cmegroup.com +1 312 435 3644
The Commodity Futures Trading Commission (“CFTC”) will be notified of the aforementioned during the week of May 21, 2018 via the weekly notification procedures set out in Part 40 of the CFTC’s Regulations.