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  c operates large futures exchanges in Chicago and New York City. It is
headquartered in Chicago and was formed by the 2007 merger of the Chicago Mercantile
Exchange (CME) and the Chicago Board of Trade (CBOT). On March 17, 2008, it announced its
acquisition of NYMEX Holdings, Inc., parent company of the New York Mercantile Exchange
and Commodity Exchange, Inc (COMEX), which was formally completed on August 22, 2008.
The 3 Exchanges and the Board now operate as Designated Contract Markets (DCM) of the
CME Group.

On February 10, 2010, CME announced its purchase of 90% of Dow Jones Indexes including the
DJIA.CME Group owns 5 % of BM&F Bovespa, the Sao Paulo stock exchange and BM&F
Bovespa owns 5% of CME Group.

  
 
As the world¶s leading and most diverse derivatives marketplace, CME Group is where the
world comes to manage risk. CME Group exchanges offer the widest range of global benchmark
products across all major asset classes, including futures and options based on interest rates,
equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real
estate. CME Group brings buyers and sellers together through the CME Globex electronic
trading platform and trading facilities in New York and Chicago. CME Group also operates
CME Clearing, one of the largest central counterparty clearing services in the world, which
provides clearing and settlement services for exchange-traded contracts, as well as for over-the-
counter derivatives transactions through CME ClearPort.

    !"

Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management
needs of customers around the globe. They provide the widest range of benchmark futures and
options products available on any exchange, covering all major asset classes. Their collective
vision is one of ongoing global growth, innovative product development, continually enhanced
technology and the highest level of service available on any exchange.

Specifically, they offer futures and options based on interest rates, equity indexes, foreign
exchange, energy, agricultural commodities, metals, and alternative investment products such as
weather and real estate. More than three quarters of their trading volume comes from trades
made electronically on our CME Globex electronic trading platform.
They serve customers around the world with a global product line, virtually around-the-clock
electronic trading and strategic alliances with other exchanges. We also offer a number of
programs and products designed specifically to appeal to a global audience. Customers from
more than 80 countries trade our products.

CME Clearing matches and settles our trades and guarantees the creditworthiness of every
transaction that takes place in our markets.

CME Group is listed on the NASDAQ under the symbol "CME."

 
 

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When we trade at CME Group, we benefit from the liquidity of trading at the largest and most
diverse exchange in the world. They handle more than one billion contracts per year, worth more
than $1,000 trillion. Their deep liquidity, provided by massive scale and product diversity,
supports our customers' ability to execute large purchase and sales orders quickly and efficiently

    ü 

A proven leader in product innovation, CME Group is the only exchange to offer access to all
major asset classes from a single electronic trading platform and trading floors in Chicago and
New York. These include products based on the U.S. interest rate yield curve, equity indexes,
foreign exchange, energy, agricultural commodities, metals, and alternative investment products,
such as weather and real estate. Many of their largest contracts serve as benchmarks for investors
worldwide.

 
 


With vast capability to facilitate the most complex and demanding trading, the CME Globex
platform offers trading virtually 24 hours a day throughout the trading week ± more than any
other exchange in the world. There are more than 1,100 direct customer connections to CME
Globex, as well as eight telecommunications hubs in key financial centers in Europe and Asia.
These hubs provide non-U.S. customers with reduced connectivity costs and fast, efficient access
to our electronic markets.


 


 
 

CME Clearing ± the largest derivatives clearing facility in the world ± protects the financial
integrity of our markets by serving as the counterparty to every trade and virtually eliminating
credit risk. It is responsible for settling trading accounts, clearing trades, collecting and
maintaining performance bond funds, regulating delivery and reporting trading data. CME
Clearing limits accumulation of losses or debt with twice daily mark-to-market settlement.

 
 
 
 



Their markets are fair, transparent and anonymous, and our electronic trading platform offers the
same opportunities for all participants. Individual investors, hedge funds and large institutions
alike see and have access to the same prices with complete anonymity in all bids, offers and
execution reports.

""#

BM&F BOVESPA

Bolsa Mexicana de Valores

Bursa Malaysia

DME Dubai Mercantile Exchange

Green Exchange

Imarex

JSE (South Africa)

KCBT ² Kansas City Board of Trade

Korea Exchange

MGEX ² Minneapolis Grain Exchange

National Stock Exchange of India

Singapore Exchange Limited

 
 

CME Group represents the merger of the Chicago Mercantile Exchange (CME), the Chicago
Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and its commodity
exchange division, Commodity Exchange, Inc. (COMEX). The formation of CME Group did
not, however, result in any change to trading privileges for CME, CBOT and NYMEX/COMEX
members.Members of CME Group¶s legacy exchanges continue to trade on the same terms as
before the merger transactions. To cross-trade products at member rates, participants need to
have memberships at each of the CME Group legacy exchanges.


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There are four divisions of individual CME memberships, representing the four levels of access
to CME products that the Exchange had developed through the years. Individual memberships at
CME became attached to a Class B share in Chicago Mercantile Exchange Holdings Inc. when
the exchange de-mutualized and became a publicly traded company in 2002.

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y? Trades: Any CME-listed contract

y? Badge: Gold

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y? Trades: Foreign exchange, interest rate and equity index futures, and all, IOM and GEM
products.

y? Badge: Green

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y? Trades: Index futures contracts, random length lumber contracts, all options contracts,
and all GEM products.

y? Badge: Blue

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y? Trades: Various products, including contracts related to emerging market countries;

restricted financials

y? Badge: Gray


"

 *   +
To be an individual member of CME, you must be an adult and possess good moral character, a
good reputation and business integrity. In addition, you must have adequate financial resources
to assume the responsibilities and privileges of membership.


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Agricultural Product

Interest rate

Energy

Equities

Metal

FX

Weather

Credit

"
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  (
CME Globex is the world¶s leading electronic trading platform, providing access to the broadest
array of futures and options products available on any exchange. Customers trade on CME
Globex around the globe and virtually around the clock. It also offers:

y? High speed trade execution

y? Vast capabilities to facilitate the most complex and demanding trading

y? Direct market access and central counterparty clearing

y? Fairness, transparency and anonymity

y? Global distribution and international hubs

Customers benefit from direct connectivity, ongoing development efforts, a single source for
customer support and highly efficient access to real-time market data. The platform is
continuously enhanced to serve customers high-speed, high-volume capacity, improved options
capabilities and a range of new products.
"
  
 
 &
  +

CME Clearing monitors and processes more than one billion trades each year, worth more than
$1,000 trillion, and ensures the financial integrity of each transaction.

Successfully handling this task on a daily basis requires the coordination of a complex set of
operations, sophisticated computer systems and a highly trained staff, all working together as a
single unit. Each component must function flawlessly to meet the requirements of CME
Clearing¶s financial safeguards system.

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People who buy and sell futures contracts on a futures exchange do not buy and sell directly to
one another. They actually  ' """ , which
stands in between all trades to ensure that the obligations involved in the trades are made good.

By serving as the buyer to every seller and the seller to every buyer, the clearing house  ""'
" .

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A central counterparty provides an important customer advantage compared to over-the-counter

markets ± the OTC markets.

In those markets, participants trade directly with one another. This leaves them open to the
possibility of default by one of the parties to the trade. Central clearing was created to remove
that risk.

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A clearing house is a financial institution comprised of members, highly capitalized, closely

monitored and carefully selected companies that keep funds on deposit with the clearing house.
Clearing members represent the trades of their customers and vouch for the soundness of their
customers¶, as well as their own, accounts.


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The        is accomplished through a legal process called contract
novation.

Novation discharges the contract between the original trading counterparties and creates two
new, legally binding contracts ± one between each of the original trading counterparties and the
central counterparty.

" " '

The role of the central counterparty has expanded over time to include:

y? Transaction processing

y? Post trade management functions

y? Financial management of members collateral deposits

y? Final settlement of outstanding obligations through financial payment or physical

delivery

y? The overall risk management of market participants

y? A financial guarantee of performance of its contracts

!' "

CME Clearing provides  ')"   - an important part of the CME
Group value proposition. In its more than 100-year history, there has never been a failure by a
clearing member to meet a performance bond call or its delivery obligations; nor has there been a
failure of a clearing member firm resulting in a loss of customer funds.

By marking positions to market twice each day, CME Clearing helps to limit the accumulation of
losses or debt - helping each customer manage its risk as well as containing risk for the market as
a whole.

CME Clearing is available 24-hours a day, six days a week. It has helped customers manage risk
during periods of unprecedented derivatives industry growth and times of economic uncertainty.


"
CME ClearPort offers an array of clearing services that depend on the nature of the product we
trade.Products from multiple asset classes can be cleared or reported through CME ClearPort.

_(pp

,

CME ClearPort preserves the customer and dealer relationship and adds an extra level of
protection to the transaction.

y? Customers (such as hedge funds, corporate treasuries, asset management firms and
proprietary trading firms) continue to negotiate transactions through their IDB or dealer.
Then they clear those transactions through a clearing member of CME Clearing (the
central counterparty clearing house).
y? Clearing members collect margin from clients, who in turn provide margin to the central
counterparty.
y? In the event your original counterparty (clearing member/dealer/other customer) defaults,
the central counterparty covers the counterparty's obligations, insulating other clearing
members dealers and other customers from losses.


  "
CME Group's Market Regulation Department ensures that all four (CME, CBOT, NYMEX and
COMEX) of our Designated Contract Markets (DCMs) fulfill their self-regulatory
responsibilities. As part of its mission, the department:

y? Protects market integrity by maintaining fair, efficient, competitive and transparent

markets.
y? Issues, monitors and enforces rules to protect all market participants from fraud,
manipulation and other abusive trading practices.
y? Acts proactively to identify and mitigate potential risks as a means of preventing damage
to the marketplace


 - 

 conducts daily trade, position, account and user surveillance in our markets
to identify potential trade practice abuses and other market concerns. In addition, it:

y? Conducts thorough and detailed investigations.

y? Monitors and reviews the accuracy of audit trail data.
y? Provides information and guidance to market participants on our rules via the issuance of
Market Regulation Advisory Notices (MRANs) and other communications.

*)  "  +,
+ - . .

CME, CBOT, NYMEX and COMEX are independent exchanges, each of which maintains its
own set of rules. Although all four exchanges have been merged to form CME Group, each
exchange remains a separate self-regulatory organization. In order to provide a common
regulatory framework for market users, the CME, CBOT and NYMEX rulebooks have been
substantially harmonized, making the rules parallel in structure, numbering and language where
possible. Please note that the rules in the NYMEX Rulebook are applicable to both NYMEX
and COMEX.

The Rulebooks are listed below:

y? CME Rulebook

y? CBOT Rulebook

y? NYMEX Rulebook


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They offer a wide range of market data services ± including live quotes, delayed quotes, market
reports and a comprehensive historical data service. Choose to receive data directly from us or
via a third party distributor. They also offer data distribution and redistribution opportunities.

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Real-time market data. Anytime. Anywhere.

 

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Gold is the oldest precious metal known to man and for thousands of years it has been valued as
a global currency, a commodity, an investment and simply an object of beauty.

,
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OTC markets at London (LBMA), New York and Zurich
Gold derivative exchanges at New York ± CME (COMEX), Tokyo (TOCOM), Mumbai (MCX)
Istanbul, Dubai, Hong Kong and Singapore are doorways to important consuming regions.

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Total Stocks 15000 160000 9

Central Bank holding 558 30,100 2

Annual Production 3 2450 0

Annual Recycling 250 1100 23

Annual Demand 700 3550 20

Annual Imports 600 --- ---

Annual Exports 60 --- ---

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y? India is the world's largest consumer of gold. Indians normally buy about 25 per cent of
the world's gold, purchasing around 700 - 750 tonnes of gold every year.

y? However, the sharp price increase in 2008 and 2009 has impacted demand with total
demand in 2008 dipping to 660 tonnes. It is further expected to shrink in 2009 with
demand in first three quarters of 2009 totaling only around 265 tonnes against 553.5
tonnes in the same period of the previous year.
 y? As India's domestic primary production of gold is very less, at around 2-3 tonnes a year,
the country imports most of its domestic requirement.

y? Thus, India is also the largest importer of the yellow metal and has averaged imports of
around 600 tonnes a year. However, 2008 imports dipped to around 400 tonnes of gold
and it is further expected to dip to around 200-220 tonnes in 2009 owing to high prices.

y? India's gold demand is firmly embedded in cultural and religious traditions. It is also
valued in India as a savings and investment vehicle and is the second preferred
investment after bank deposits.

y? Domestic consumption is dictated by monsoon, harvest and marriage season. Indian

jewellery offtake is sensitive to price increases and even more so to volatility.

y? In the cities gold is facing competition from the stock market and a wide range of
consumer goods.

y? Facilities for refining, assaying, making them into standard bars, coins in India, as
compared to the rest of the world, are insignificant, both qualitatively and quantitatively.

y? In July 1997 the RBI authorized the commercial banks to import gold for sale or loan to
jewellers and exporters. At present, 13 banks are active in the import of gold. This
reduced the disparity between international and domestic prices of gold from 57 percent
during 1986 to 1991 to 8.5 percent in 2001.

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 Mondays through Saturdays

 Mondays to Friday: 10.00 a.m. to 11.30 p.m.

Saturday: 10.00 a.m. to 2.00 p.m.

  1 kg

5 6,"  10 grams

* 7 10 kg

72 3 Re. 1 per 10 grams


"" 
February 2010 Immediately after approval of the Commission to 5th February of the
contract contract year

April 2010 contract Immediately after approval of the Commission to 5th April of the
contract year

June 2010 contract 16th June of the previous year to 5th June of the contract year

August 2010 contract 16th August of the previous year to 5th August of the contract year

October 2010 16th October of the previous year to 5th October of the contract year
contract

December 2010 16th December of the previous year to 5th December of the contract
contract year

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" ' is measured in terms of karats and fineness.

8( Pure gold is defined as 24 karat.
1( Parts per thousand.
Thus, 18 karat = (18/24)th of 1000 parts = 750 fineness.

„
"


 
 
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y? The total above ground stocks of gold is estimated to be around 1,63,000 tonnes by Gold
Fields Minerals Services (GFMS) as on end of 2008

y? Out of this total stock, 51% is estimated to be present as jewellery, 18% as official
reserves, 17% held as investment, 12% used for industrial purposes and 2% is
unaccounted for.

y? Jewellery accounts for almost two-thirds of annual gold demand with investment and
industry being the other main drivers. The total annual global demand for gold has
averaged 3530 tonnes in the last three years (2005 - 2008). However, it is expected to dip
slightly in 2009, owing to the sharp rise in prices.
 y? Five countries, viz., India, China, USA, Turkey, Saudi Arabia and UAE account for
above 60% of gold demand, with each market driven by a different set of socio-economic
and cultural factors.

y? The total global mine production is relatively stable, averaging approximately 2,455
tonnes per year over the last three years. Recycling of old gold scrap and official sector
sales are the other major sources of supply, which have averaged 1084 tonnes and 378
tonnes in the last three years.

y? South Africa has been a major gold producer since 1880s and it is estimated that about
50% of all gold ever produced has come from this nation. While, during the early 1980's
it produced about 1000 tonnes, the output in 2007 dropped to just 272 tonnes.

y? China with a production of 276 tonnes, overtook South Africa as the world's largest gold
producer in 2007 for the first time since 1905 that South Africa has not been the largest.
The other major producers are USA, Australia, Russia and Peru.

„
„

Gold Guinea is a coin that was minted in the United Kingdom between 1663 and 1813, originally
worth one English Pound sterling and weighing around 8.3-8.4 grams. The name was derived
from Guinea in Africa, from where most of the gold used to make these coins originated.

In the India context, Gold Guinea refers to 8 gram gold coins of atleast 0.995 purity, which are
mainly utilized as a retail investment. The demand for gold coins for retail investment is
estimated to be around 35 tonnes in India and this is expected to grow at a rate of 40% in the
coming years.

() Other details for „

„
is same as that of gold.