SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-170 (1 of 2)

Organization: New York Mercantile Exchange, Inc. (“NYMEX”)

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 08/15/23 Filing Description: Amendments to the Daily Settlement 

Procedure Documents for Certain NYMEX and COMEX Metals Futures Contracts

SPECIFY FILING TYPE 

Please note only ONE choice allowed per Submission.

Organization Rules and Rule Amendments

Certification § 40.6(a)

Approval § 40.5(a)

Notification § 40.6(d)

Advance Notice of SIDCO Rule Change § 40.10(a)

SIDCO Emergency Rule Change § 40.10(h)

Rule Numbers: See filing.

New Product Please note only ONE product per Submission.

Certification § 40.2(a) 

Certification Security Futures § 41.23(a)

Certification Swap Class § 40.2(d)

Approval § 40.3(a)

Approval Security Futures § 41.23(b)

Novel Derivative Product Notification § 40.12(a)

Swap Submission § 39.5

Product Terms and Conditions (product related Rules and Rule Amendments)

Certification § 40.6(a) 

Certification Made Available to Trade Determination § 40.6(a)

Certification Security Futures § 41.24(a)

Delisting (No Open Interest) § 40.6(a) 

Approval § 40.5(a)

Approval Made Available to Trade Determination § 40.5(a)

Approval Security Futures § 41.24(c)

Approval Amendments to enumerated agricultural products § 40.4(a), § 40.5(a)

“Non-Material Agricultural Rule Change” § 40.4(b)(5)

Notification § 40.6(d)

Official Name(s) of Product(s) Affected: 

Rule Numbers: 
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

August 15, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification. Amendments to the Daily Settlement 

Procedure Documents for Certain NYMEX and COMEX Metals Futures Contracts.

NYMEX Submission No. 23-170 (1 of 2)

Dear Mr. Kirkpatrick:

New York Mercantile Exchange, Inc. (“NYMEX”) and Commodity Exchange, Inc. (“COMEX”) (collectively

the “Exchanges”) are certifying to the Commodity Futures Trading Commission (“CFTC” or “Commission”) 

amendments for the Daily Settlement Procedure Documents (the “Documents”) certain metals futures 

contracts listed in Table 1. and Table 2. below (the “Contracts”) effective on trade date August 30, 2023.

Specifically, the Exchanges will amend the Daily Settlement Procedure Documents for the contracts noted 

in Table 1. as follows:

• Gold (Enhanced Delivery) Futures

The settlement procedure for this contract is being established such that in addition to the outright 

liquidity of this contract, the daily settlement shall more closely rely on the liquidity of the Gold 

Futures (GC) contract as well as the inter commodity spread market between Gold Futures and 

Gold (Enhanced Delivery) Futures.

• Micro Copper Futures

Copper Financial Futures

Micro Platinum Futures

These contracts can be offset with their related core underlying futures contracts. Therefore, the 

settlement procedures for these contracts shall mirror the methodology currently utilized for such 

underlying futures contracts.

• U.S. Midwest Hot-Rolled Coil Steel (Platts) Futures

U.S. Midwest Shredded Scrap (Platts) Futures

The daily settlement procedures for these contracts shall mirror the current methodology of similar

metals contract.

 Table 1.

Contract Title Exchange Rulebook 

Chapter

CME Globex

and

CME ClearPort 

Code

Gold (Enhanced Delivery) Futures COMEX 126 4GC
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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Micro Copper Futures COMEX 914 MHG

Copper Financial Futures COMEX 1190 HGS

U.S. Midwest Hot-Rolled Coil Steel (Platts) 

Futures COMEX 921 HRP

U.S. Midwest Shredded Scrap (Platts) Futures COMEX 925 SHR

Micro Platinum Futures NYMEX 110 PLM

Also at this time, the Exchanges are implementing administrative, non-substantive amendments to the Daily 

Settlement Procedure Documents for the contracts noted in Table 2. below. These amendments will 

harmonize language across the Documents.

 Table 2.

Contract Title Exchange Rulebook 

Chapter

CME Globex 

and

CME 

ClearPort 

Code

Platinum Futures NYMEX 105 PL

Gold Futures COMEX 113 GC

E-mini Gold Futures COMEX 911 QO

Micro Gold Futures COMEX 120 MGC

Gold Kilo Futures COMEX 114 GCK

Shanghai Gold (USD) Futures COMEX 127 SGU

Shanghai Gold (CNH) Futures COMEX 128 SGC

Copper Futures COMEX 113 HG

E-mini Copper Futures COMEX 913 QC

Silver Futures COMEX 112 SI

E-mini Silver Futures COMEX 912 QI

Micro Silver Futures COMEX 121 SIL

Aluminum Futures COMEX 107 ALI

Zinc Futures COMEX 186 ZNC

Lead Futures COMEX 187 LED

London Spot Gold Futures COMEX 129 GSP

London Spot Silver Futures COMEX 130 SSP

Amendments to the Documents are provided in Exhibits A and B to reflect the contracts in Table 1. and 

Table 2. respectively, and are provided in blackline format under separate cover.

The Exchanges reviewed the designated contracts market core principles (“Core Principles”) as set forth in 

the Commodity Exchange Act (“CEA” or “Act”) and identified that the Rule Amendments may have some 

bearing on the following Core Principles:

• Compliance with Rules: The Exchanges shall continue its normal practice to establish, monitor, 

and enforce compliance with the rules for the Contracts, including the Amendments to the 

Documents for the Contracts.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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• Daily Publication of Trading Information: The Exchanges will continue to publish on its website 

information regarding contract specifications, terms and conditions, as well as daily trading volume, 

open interest and price information for the Contracts.

• Availability of General Information: The Exchanges shall disseminate a Special Executive 

Report (“SER”) regarding the Amendments to the Documents. The SER will also be posted on the 

CME Group website.

• Execution of Transactions: The Amendments to the Documents will further enable the 

Exchanges to continue their current practice of providing a competitive, open, and efficient market 

mechanism for executing transactions. 

Pursuant to Section 5c(c) of the Act and CFTC Regulations 40.6(a), the Exchanges hereby certify that the 

Rule Amendments comply with the Act, including regulations under the Act. There were no substantive 

opposing views to the proposal.

The Exchanges certify that this submission has been concurrently posted on the CME Group website at

http://www.cmegroup.com/market-regulation/rule-filings.html.

Should you have any questions concerning the above, please contact the undersigned at (212) 299-2200 

or via e-mail at CMEGSubmissionInquiry@cmegroup.com.

Sincerely, 

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachments: Exhibit A: Amendments to the Settlement Procedure Documents for the Contracts in

 Table 1. (blackline format) (under separate cover)

Exhibit B: Amendments to the Settlement Procedure Documents for the Contracts in

 Table 2. (blackline format) (under separate cover)
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Exhibit A

Amendments to the Settlement Procedure Documents for the Contracts in Table 1.

(additions underscored; deletions struck through)

(under separate cover)

Exhibit B

Amendments to the Settlement Procedure Documents for the Contracts in Table 2.

(additions underscored; deletions struck through)

(under separate cover)