137 unchanged sentences
As of the date of this report, Goldman Sachs & Co.
−Removed: Morgan Securities Inc., Merrill Lynch Professional Clearing Corp., Morgan Stanley & Co.
+Added: Morgan Securities LLC., Merrill Lynch Professional Clearing Corp., Morgan Stanley & Co.
LLC, SG Americas Securities, LLC, UBS Securities LLC and Virtu Americas LLC are the only Authorized Participants.
95 unchanged sentences
This process is referred to as “rolling” the position forward.
−Removed: S&P GSCI‑ER is designed to reflect the return from rolling each contract included in the S&P GSCI™ as it nears expiration into the next available delivery month.
+Added: The S&P GSCI‑ER is designed to reflect the return from rolling each contract included in the S&P GSCI™ as it nears expiration into the next available delivery month.
This is accomplished by selling the position in the first delivery month and purchasing a position of equivalent value in the second delivery month.
42 unchanged sentences
Composition of the S&P GSCI ™
−Removed: Currently, in order to be included in the S&P GSCI™, a contract must be on a physical commodity and may not be on a financial commodity (e.g., securities, currencies, interest rates, etc.).
+Added: Currently, in order to be included in the S&P GSCI™, a contract must be on a physical commodity and may not be on a financial instrument (e.g., securities, currencies, interest rates, etc.).
The contracts on a particular commodity need not require physical delivery by their terms in order for the commodity to be considered a physical commodity.
98 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.