Precious Metals Physical Delivery
POLICIES AND INSTRUCTIONS
Delivery, Exercise and Corporate Actions
Summary of Comex Precious Metals Physical Delivery Policies
| Contract | Delivery Permitted | Close-Out Deadline |
|---|---|---|
| GC (Gold) MGC (Micro Gold) SI (Silver) SIL (Micro Silver) |
Yes | Close out period begins 2 business days prior to cutoff. Physical delivery is in the form of a registered warrant for each futures contract. Please refer to the COMEX Rulebook for additional information regarding the details of what a warrant represents for that symbol. The CME Deliveries department administers all aspects of the process of physical delivery of silver and gold. |
Notes:
- With respect to certain commodities and options, it is the industry standard to refer to the expiration month of such commodities as the month following the actual Expiration or Delivery Date for that product. TWS may not show the correct expiration or notice date information. For specifics on IB's handling please click here. QM (Oil); QG (Gas); most government US and German bond future options are examples that use atypical dating.
- The standard commission will be charged for the exercise or assignment of any Future Option Contract.
