• New Storage Rates – ScotiaMocatta – Gold, Silver, Palladium

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5953
      • Notice Date
      • 23 September 2011
      • Effective Date
      • 01 January 2012

    • Recently, New York Mercantile Exchange, Inc. (NYMEX) and Commodity Exchange, Inc. (COMEX) were notified by ScotiaMocatta – a NYMEX and COMEX Licensed Depository – that they will implement new rates in connection with the storage and withdrawal of gold, silver, and palladium, effective January 1, 2012. The new rates, presented below, reflect the maximum amount of fees that can be charged. In accordance with NYMEX and COMEX rules, the new rate schedule will become effective on January 1, 2012.

       

      New Storage and Withdrawal Rates

      RATES AND CHARGES FOR GOLD, SILVER AND PALLADIUM

      ScotiaMocatta

      New Rates, Effective January 1, 2012

      Gold – Delivery Out (Withdrawal):

      $30.00 per contract

      Silver – Storage:

      $8.50 per bar/per month

      Silver – Delivery Out (Withdrawal):

      $30.00 per bar

      Palladium – Delivery Out (Withdrawal);

      $30.00 per contract

      All other currently published charges for storage and handling at ScotiaMocatta remain unchanged.

       

       

       

      Please refer questions on this subject to:

      Market Regulation:

      Terry Gehring                            terry.gehring@cmegroup.com                            312.435.3644

       

      Energy & Metals Research:

      Joann Arena                              joann.arena@cmegroup.com                             212.299.2356

       

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