08/13/2003
The proposed rule amendments must be approved by the Commodity Futures Trading Commission ("CFTC"). The Exchange Membership will be notified upon receipt of CFTC approval.
A copy of the proposed rule amendments can be found here.
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| Notice to Members |
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| Notice No. 326 08/13/2003 |
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| Delivery Procedures |
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| The Exchange proposes to amend the delivery rules for the metals futures contracts. The proposed rule amendments would expand the delivery location by permitting deliveries against the Exchange's Gold, Silver, Aluminum, Grade 1 Copper, Platinum and Palladium Futures Contracts to take place at the Exchange or such location as may be mutually agreed upon by the Clearing member taking delivery and the Clearing Member making delivery. In addition, the proposed rule amendments specify that payment will be made by the electronic transfer of federal funds instead of by certified check.
The proposed rule amendments must be approved by the Commodity Futures Trading Commission ("CFTC"). The Exchange Membership will be notified upon receipt of CFTC approval. A copy of the proposed rule amendments can be found here. |
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| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com |