Beginning Monday September 21, privately negotiated OTC transactions in London gold forwards may be sumitted to CME Clearing through CME Clearport. This will be limited to house (proprietary) business at launch, with customer business to follow within ninety days. Note that this is one week following the intragration of trade processing for COMEX products into the CME Clearing applications.
The attached advisory provides complete details about clearing and bookkeeping processing for these innovative new contracts.
For the full text of this advisory, please click here.
For the full text of the Gold Forward Bookkeeping document, please click here.