Message-ID: <26964887.1075858943195.JavaMail.evans@thyme> Date: Tue, 23 Oct 2001 12:11:07 -0700 (PDT) From: marketing@nymex.com To: marketing@nymex.com Subject: (01-351) Proposed Amendments to COMEX Gold Rules 13.02 and Rule 1 3.07 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Exchange Information @ENRON X-To: Exchange Information X-cc: X-bcc: X-Folder: \TJONES (Non-Privileged)\Jones, Tana\Deleted Items X-Origin: Jones-T X-FileName: TJONES (Non-Privileged).pst Notice No. 01-351 October 22, 2001 TO: ALL COMEX DIVISION MEMBERS ALL COMEX DIVISION MEMBER FIRMS ALL COMEX DIVISION CLEARING MEMBERS FROM: J. Robert Collins, Jr., President SUBJECT: Proposed Amendments to COMEX Gold Rules 13.02, "Approved Refiners; Licensed Depositories; Licensed Weighmasters; Approved Deliverers; Approved Assayers" and Rule 13.07, "Form of Gold Contract". The Exchange proposes to amend COMEX Gold Rules 13.02, "Approved Refiners; Licensed Depositories; Licensed Weighmasters; Approved Deliverers; Approved Assayers" and Rule 13.07, "Form of Gold Contract". The proposed amendments expand the geographical location in which Exchange Licensed Depositories for Gold may be located from the Borough of Manhattan to the City of New York. The proposed amendments must be approved by the Commodity Futures Trading Commission ("CFTC"). The Exchange membership will be notified upon receipt of CFTC approval and the effective date of the amendments. A copy of the proposed amendments is attached. If you have any questions, please contact Albert J. Getz at 212-299-2608. Proposed Rule Amendments. Underlining indicates additions; [ ] indicates deletions. COMEX Rule 13.02 - Approved Refiners; Licensed Depositories; Licensed Weighmasters; Approved Deliverers; Approved Assayers. (c) The Board Trade Group, upon the recommendation of the Committee on Precious Metals, shall license facilities located in the [Borough of Manhattan, ] City of New York, in which gold may be stored for delivery on Exchange contracts ("Licensed Depositories"). Licensed depositories may be added or eliminated from time to time, and the Committee on Precious Metals shall notify members of such changes and of the time when such changes shall become effective. The addition to or elimination of the names of licensed depositories shall not be deemed to affect the amount of money to be paid or the grade or quality of gold to be delivered on Exchange contracts, and shall be binding upon all such contracts entered into before as well as after the effective date of any such change, anything in the By-Laws to the contrary notwithstanding. Sections (a), (b), (d), (e), (f) and (g) remain unchanged. COMEX Rule 13.07 - Form of Gold Contract. All contracts for the futures delivery of gold shall be in the following form. COMMODITY EXCHANGE, INC. GOLD CONTRACT New York, N.Y............[19] 20.... (sold) (deliver to) A.B. has this day (bought) and agreed to (receive from) ......................C.D. 100 troy ounces (5% more or less) of bar gold, assaying not less than 995 fineness, at the price of.............. per ounce in accordance with the provisions, By-Laws and Rules of Commodity Exchange, Inc., deliverable from licensed depository in the [Borough of Manhattan,] City of New York, between the first and last delivery days of ................, inclusive, the delivery within such time to be at seller's option, upon notice to buyer as provided by the By-Laws and Rules of Commodity Exchange, Inc. The remainder of Rule 13.07 remains unchanged.