New Storage and Withdrawal Rates - HSBC Bank USA

Effective May 1, 2010, HSBC Bank USA, an Exchange Licensed Depository for the storage of Gold, Silver, Platinum, and Palladium, will implement a new rate schedule for the storage and withdrawal of precious metals.

                   HSBC Bank USA Implements New Storage and Withdrawal Rates

HSBC Bank USA, N.A., an Exchange Licensed Depository for the storage of Gold, Silver, Platinum, and Palladium, has notified the Exchange of its new rate schedule for the storage and withdrawal of Gold, Silver, Platinum, and Palladium. 

RATES AND CHARGES FOR PRECIOUS METALS

HSBC Bank                                                                                          Effective: May 1, 2010

Gold                  Storage                                                           $15.00 per contract/per month

Gold                 Withdrawal                                                       $25.00 per contract

Silver               Storage                                                            $8.50 per bar/per month

Silver               Withdrawal                                                       $25.00 per bar

Platinum          Storage                                                            $20.00  per bar/per month

Platinum          Withdrawal                                                       $30.00 per bar

Palladium        Storage                                                            $20.00  per bar/per month

Palladium        Withdrawal                                                       $25.00 per bar

In accordance with Exchange rules, the new rate schedule will become effective on May 1, 2010.

Please refer questions on this subject to:

Market Regulation:

Melissa Hubley                       melissa.hubley@cmegroup.com                    312.435.3595

Energy & Metals Research:

Joann Arena                           joann.arena@cmegroup.com                         212.299.2356