Yes, IBKR allows eligible clients to declare their intent to either make or take delivery of the following precious metal Futures: Gold (GC), Micro Gold (MGC), Silver (SI) and Micro Silver (SI but set Multiplier=1000) by using our new Futures Physical Delivery Tool.
Physical delivery, in this context, is represented by the delivery-versus-payment of a registered electronic warrant or an Accumulated Certificate of Exchange (“ACE”) for each full size or E-micro futures contract.
Futures Physical Delivery Tool
To access the Physical Delivery tool from the various platforms, follow any of options listed below for your preferred platform.
TWS
- Right-click on the eligible Futures position/contract > Delivery
- Classic TWS > Trading menu > Futures Physical Delivery
IBKR Mobile
- Main Menu > Trade > Delivery
- Tap an eligible Futures position/contract to open the Contract Details and under the Positions section select the Delivery
Client Portal
- Tap on the eligible Futures contract > Your Position section Row Action button (3 dots at the end) > Delivery
- From the Positions Page > tap the Row Action button (3 dots at the end) of the row > Delivery
Declaring Intent
- To declare your intent for these precious metals you must choose from one of the options below during the delivery workflow.
Intent to Receive
- Submitting intent to receive not only allows indicates the desire to take delivery of the product at the end of the delivery window (in the form of a certified Warrant or ACE), it is also REQUIRED to open new Futures positions during the delivery window (e.g. it is not possible to open a physically deliverable futures position, during the delivery window, without first submitting the Intent to Receive for that Future).
- Any Intents to Receive that do not have a corresponding Futures position at the end of the delivery window will be cancelled.
Intent to Deliver
- Submitting intent to deliver indicates the desire to make delivery of a product (e.g. Warrant or ACE). It is also REQUIRED that the account is both short an eligible Future position and has the corresponding certificate to provide.
- Any Intents to Deliver that do not have corresponding Future positions at the end of the delivery window will be canceled.
Request to Deliver
- Submitting a request to deliver is ONLY available during the delivery window and indicates a desire to deliver the product that day (instead of at the end of the delivery window, as with the intent to deliver). It is REQUIRED that to submit this request an account must have an existing, eligible product (e.g. Warrant or ACE) and corresponding short Future position (e.g. GC, MGC etc).
Additional Information