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Breadcrumbing
Home > Client Services Trading & Capital Markets Commodities
Press Release
Thursday, June 29, 2006

On June 7, 2006 Goldman, Sachs & Co. ("Goldman Sachs") announced that it intended to make certain changes to the composition of the Goldman Sachs Commodity Index ("GSCI") to respond to the transition from the New York Harbor Unleaded Gasoline ("HU") futures contract to the Reformulated Gasoline Blendstock for Oxygen Blending ("RB") futures contract on the New York Mercantile Exchange.  The announcement  indicated that Goldman Sachs intended to implement this modification to the GSCI over the period from August to October, 2006, with one-third of the portion of the GSCI attributable to the HU contract being rolled into the RB contract during each of the months in that period.  Goldman Sachs today reaffirms that one third of the portion of the GSCI attributable to the HU contract will, as announced on June 7th, be rolled into the RB contract in August, 2006.  However, in light of current market conditions and the objectives outlined in the GSCI Manual, Goldman Sachs has determined that it will make further announcements as to whether and the extent to which, the remaining portion of the GSCI attributable to the HU contract will be rolled into the RB contract.  To facilitate the establishment of the weights for the October GSCI futures contract, Goldman Sachs will make a further announcement on or before July 13, 2006.  To facilitate the establishment of the weights for the November GSCI futures contract, Goldman Sachs will make an additional announcement on or before August 9, 2006.  Goldman Sachs will continue to monitor market conditions and keep market participants apprised of its intentions with respect to the GSCI and the gasoline futures market, and will make additional announcements, as necessary or appropriate in connection with any further developments.

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