Chapter 114
Gold Kilo Futures
114100.

SCOPE OF CHAPTER
This chapter is limited in application to physically delivered Gold Kilo futures. The proceduresfor trading, clearing, delivery and settlement not specifically covered herein or in Chapter 7
shall be governed by the general rules of the Exchange.
The provisions of these Rules shall apply to all gold bought or sold for future delivery on theExchange.
The terms “seller” and “buyer” shall mean the seller of the physical product and the buyer ofthe physical product, respectively. Terms not specifically defined herein shall be defined inChapter 7.
For purposes of these rules, unless otherwise specified, times referred to herein shall refer toand indicate New York time.

114101.

CONTRACT SPECIFICATIONS
The gold for delivery on the futures contract shall be one kilogram bar (32.15 troy ounces).
Gold delivered under this contract shall assay to a minimum .9999 fineness and must be abrand approved by the Exchange. Gold meeting all of the following specifications shall bedeliverable in satisfaction of futures contract delivery obligations under this rule:
1. One kilogram bar (32.15 troy ounces)
2. Gold must consist of one of the Exchange’s brand marks, as provided in Chapter 7,current at the date of the delivery of contract. Each bar must include the month and yearof production (for bars produced as of January 1, 2025). The production date can beseparate from or part of the serial number. If the production date is part of the serial
number, it can be up to 25 characters and the only special character allowed is a dash (-).
If the production date is separate from the serial number, it can be in the following
allowable format: all numeric: MMYYYY or MMYY (e.g., 012025 or 0125).
3. Each warrant issued by an Exchange approved depository for gold shall reference theserial number and name of the Exchange approved producer for gold of each bar.
4. Each assay certificate issued by an Exchange approved assayer for gold shall certify thateach bar of gold in the lot assays no less than .9999 fineness and indicates the weightand name of the Exchange approved producer of the bar of gold.
5. Gold must be delivered to an Exchange approved depository by an Exchange approved
carrier as follows:a. directly from the Exchange approved producer for gold;b. directly from an Exchange approved assayer, provided that such gold is
accompanied by an assay certificate of such Exchange approved assayer for gold;c. directly from another Exchange approved depository, provided that such gold wasplaced in such other Exchange approved depository for gold pursuant to paragraphs(a) or (b) above; ord. directly from an Exchange approved producer for gold or Exchange approved
assayer for gold that has been stored at another Exchange approved depository forgold or a depository that is owned and/or operated by an Exchange approved
depository for gold.

114102.

TRADING SPECIFICATIONSThe number of months open for trading at a given time shall be determined by the Exchange.
114102.A. Trading Schedule
The hours for trading shall be determined by the Exchange.
114102.B. Trading Unit
The contract unit shall be one kilogram bar (32.15 troy ounces).
114102.C. Price Increments
The minimum price fluctuation shall be $0.10 per troy ounces. Prices shall be quoted in dollars
and cents per troy ounce.
114102.D. Position Limits, Exemptions, Position Accountability and Reportable Levels

The applicable position limits and/or accountability levels, in addition to the reportable levels,
are set forth in the Position Limit, Position Accountability and Reportable Level Table in theInterpretations & Special Notices Section of Chapter 5.
A Person seeking an exemption from position limits for bona fide commercial purposes shallapply to the Market Regulation Department on forms provided by the Exchange, and theMarket Regulation Department may grant qualified exemptions in its sole discretion.
Refer to Rule 559 for requirements concerning the aggregation of positions and allowable
exemptions from the specified position limits.
114102.E. Termination of Trading
No trades in Gold Kilo futures deliverable in the current month shall be made after the third
Business Day preceding the delivery day. The delivery day is the third Wednesday of thedelivery month. For purposes of this rule, a “Business Day” shall be defined as a common U.S.
and Hong Kong Business Day. Business Days are based on U.S. and Hong Kong public
holiday calendars.
Any contracts remaining open after the last trade date must be either:(a)Settled by delivery which shall take place on the third Wednesday of the contract
month.
(b) Liquidated by means of a bona fide Exchange for Related Position (“EFRP”) pursuant toRule 538. An EFRP is permitted in an expired futures contract until 12:00 p.m. on theBusiness Day following termination of trading in the expired futures contract. An EFRP
which establishes a futures position for either the buyer or the seller in an expired futurescontract shall not be permitted following the termination of trading of an expired futurescontract.
114102.F. Special Price Fluctuation Limits
At the commencement of each trading day, the contract shall be subject to special fluctuation
limits as set forth in Rule 589 and in the Special Price Fluctuation Limits Table in theInterpretations & Special Notices Section of Chapter 5.

114103.

DELIVERY PROCEDURES
For purposes of this rule, a “Business Day” shall be defined as a common U.S. and Hong Kong
Business Day. Business Days are based on U.S. and Hong Kong public holiday calendars.
A short clearing member may only commence the delivery procedures as detailed below withrespect to a warrant that has been registered into the electronic delivery system. The delivery
procedures for Gold Kilo futures are as follows:114103.A. Location of Delivery of Gold Kilo
1. Delivery of Gold Kilo futures shall be made from the short clearing member's choice of aFacility.
2. All duties, entitlements, taxes, fees and other charges imposed prior to delivery on or in
respect to Gold Kilo shall be paid by the short clearing member. Delivery shall be made inaccordance with applicable Federal, State and local laws.
114103.B. Notice of Intention to Deliver
The intent day shall be two Business Days prior to the delivery day.
1. Where Gold Kilo futures is sold for delivery in a specified month, delivery of such gold kilo
shall be made by the seller on the third Wednesday of the contract month. If the third
Wednesday of the contract month is not a common U.S. and Hong Kong Business Day, thedelivery day shall be the following common Business Day.
A seller obligated or desiring to make delivery of gold kilo shall provide the Clearing House
with a delivery notice in the form and manner specified by the Clearing House.
Where a clearing member has an interest both long and short for accounts on its own books, itmust tender to the Clearing House such notices of intention to deliver as it receives from its
accounts that are short. No office deliveries may be made by clearing members.
A notice of intention to deliver must be delivered to the Clearing House by 1:00 p.m. on theintent day. The Clearing House shall, on the same day, assign the deliveries to eligiblebuyers.
Upon determining the buyers obligated to accept deliveries tendered by issuers of delivery
notices, the Clearing House shall promptly furnish to each issuer the names of the buyers

obligated to accept delivery for which a notice was submitted and shall also inform the issuerof the number of contracts for which each buyer is obligated.
2. The notice of intention to deliver is not transferable.
114103.C. Notice Day
The notice day will be one Business Day prior to the delivery day.
The notice day shall be the day on which an assignment notification is issued by the Clearing
House to the long clearing member and the short clearing member.
The assignment notification shall specify the parties matched for delivery and the number ofcontracts to be delivered. The invoice shall specify the brand, the warrant number, the weight,
the Exchange approved depository in which the gold kilo is stored, the name of the shortclearing member, the name of the long clearing member, and the price of the gold kilo for eachcorresponding warrant.
3. The assignment notification shall be issued by the Clearing House to the long clearing
member and the short clearing member upon completion of assignment.
4. The assignment notification is not transferable.
114103.D. Settlement Price
The settlement price at the close of business on the last trading day is provided to the Clearing
House shall be the basis for delivery.
114103.E. Delivery DayThe delivery day shall be the third Wednesday of the contract month. If the third Wednesday ofthe contract month is not a common U.S. and Hong Kong Business Day, the delivery day shallbe the following common Business Day.
The day on which the long clearing member receives the warrant for gold kilo shall be referred
to as the delivery day. The cost of delivery will be debited or credited to the clearing member’s
settlement account. Long clearing members obligated to accept delivery must take delivery
and make delivery payment and short clearing members obligated to make delivery must makedelivery during the 7:45 a.m. settlement process, or at such other time designated by theClearing House, on the day of delivery, except on banking holidays when delivery must be
taken or made and delivery payment made during the 7:45 a.m. settlement process, or suchother time designated by the Clearing House, on the next banking Business Day. Adjustments
for differences between contract prices and delivery prices established by the Clearing House
shall be made with the Clearing House in accordance with Exchange Rules, policies andprocedures.
114103.F. Settlement of Storage and Handling Charges
Gold kilo must be delivered to the long clearing member with handling and storage charges
paid up to and including the day of delivery, and the long clearing members may require theshort clearing member to furnish satisfactory proof of payment thereof. Any storage charges
prepaid by the short clearing member for a period extending beyond the delivery day (but notin excess of 30 days) shall be refunded by the long clearing member to the short clearing
member on a pro rata basis for the unexpired term and an adjustment made upon the invoice.
All storage and handling charges for gold kilo must be in U.S. Dollars. Where "in and out labor"charges have been paid as evidenced by the Warrant receipt, or otherwise, the short clearing
member shall be entitled to charge the long clearing member for one-half of such "in and outlabor" charges; in other words, the long clearing member will have to assume the "out labor"charges.

114104-107.
114108.

[RESERVED]VALIDITY OF DOCUMENTS
The Exchange makes no representation respecting the authenticity, validity or accuracy of any
document or instrument delivered pursuant to these rules.