Article: AUTO DELIVERY, WITHDRAWAL OF GOLD FOR GOLD FUTURES INVESTORS


AsiaInfo Services
01-07-2008
Auto Delivery, Withdrawal of Gold For Gold Futures Investors

SHANGHAI, Jan 07, 2008 (SinoCast via COMTEX) -- Gold futures institutional investors can delivery and withdraw gold at any outlet of the benchmark gold delivery warehouses, said an official with Shanghai Futures Exchange.

Gold futures are scheduled to debut on Shanghai Futures Exchange on January 9 with regulatory approval. According to the gold futures contract, the trading unit is set at 1,000 grams per lot, compared to 300 grams per lot initially set in the draft; the minimum margin is 7 percent of the contract ...

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