Metals contracts are registered electronic Warrants and/or Accumulated Certificate of Exchange ("ACE") and are classified as electronic documents of title under Article 7 of the Uniform Commercial Code (UCC) and issued by Exchange-approved COMEX depositories. Warrants are issues based on the COMEX Precious Metals Futures traded via COMEX, specifically, Gold (GC), Silver (SI) and the corresponding micro contracts for Gold (MGC) and Silver (SIL). Physical delivery, in this context, is represented by the delivery-versus-payment of a registered electronic Warrant or an "ACE". Each Gold (GC) and Silver (SI) future will deliver one warrant representing deliverable grade gold or silver associated with the contract unit, whereas Micro Gold and Silver contracts deliver an "ACE", issued by the Clearing House.
IMPORTANT: Product trading eligibility is partially dependent on your Financial Profile, which consists of the following criteria: Income and Worth (USD), Source of Wealth, Investment Experience and Investment Objectives.