Notice to Members
Notice No. 421 12/06/2001
Proposed Amendments to Gold Futures Contract Rule 13.12, "Delivery of Gold"; Silver Futures Contract Rule 12.16, "Delivery of Silver"; and Grade 1 Copper Futures Contract Rule 11.45, "Delivery Against Grade 1 Copper Contract"
Click herehere for the proposed amendments to Gold Futures Contract Rule 13.12, "Delivery of Gold"; Silver Futures Contract Rule 12.16, "Delivery of Silver"; and Grade 1 Copper Futures Contract Rule 11.45, "Delivery Against Grade 1 Copper Contract". The proposed amendments permit delivery against the COMEX Division's Gold, Silver and Grade 1 Copper Futures Contract to take place at such location as may be mutually agreed upon by the Clearing Member taking delivery and the Clearing Member making delivery. The proposed amendments to Gold Futures Contract Rule 13.12, "Delivery of Gold"; Silver Futures Contract Rule 12.16, "Delivery of Silver"; and Grade 1 Copper Futures Contract Rule 11.45, "Delivery Against Grade 1 Copper Contract" affect a "Special Matter" under the terms of the COMEX By-Laws. Accordingly, COMEX Division Members have ten (10) days to submit a petition signed by owners of at least 155 COMEX Division Memberships requesting a vote of the COMEX Division Members to disapprove the amendments, pursuant to the procedures set forth under COMEX By-Law 205(D). If a petition is not received, or if the amendment is not disapproved, it will be submitted to the Commodity Futures Trading Commission (CFTC).
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com