Gold Delivery Rules

Discussion in 'Metal Futures' started by criveratrading, Sep 16, 2008.

  1. Does this mean that a seller can deliver 95 ounces only? What happens to the +-difference of 5% at settlement/expiration?


    113.01 Tenderable Gold

    In fulfillment of every contract of gold, the seller must deliver 100 troy ounces (5% more or less) of refined gold, assaying not less than 995 fineness, cast either in one bar or in three one-kilogram bars by an approved refiner. The weight, fineness, bar number and identifying stamp of the refiner must be clearly incised on each bar by the approved refiner.
     
  2. criv how the hell ave you been!!!
     
  3. good rtrad, way busy with the day job which is good...

    preparing for a nuclear winter in the markets....