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Cleared OTC London Gold Forwards (cash margin) Contract Specs

Contract Unit .001 troy ounces
Price Quotation U.S. Dollars and Cents per ounce
Trading Hours Sunday – Friday 6:00 p.m. – 5:00 p.m. (5:00 p.m. – 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)   
Minimum Price Fluctuation $0.001 per ounce
Product Code CME ClearPort: GBC
Clearing: GBC
Settlement Method Deliverable
Termination Of Trading Trades can be submitted at CME Clearing for clearing up to and including one good business day prior to the delivery date.
Position Limits COMEX Position Limits
Exchange Rulebook COMEX 1081
Vendor Codes Quote Vendor Symbols Listing
Delivery Period London Good Delivery as specified by the LBMA at unallocated accounts held at LPMCL member banks. Delivery can be made on any good business day in the LBMA calendar, with a maximum available maturity of 10 years from spot.