• REGULARITY APPROVAL FOR LEAD

      • From
      • Registrar's Office
      • #
      • MKR07-13-16C
      • Notice Date
      • 13 July 2016
      • Effective Date
      • 13 July 2016
    • DATE:          July 13, 2016

      MKR#:          07-13-16C

      SUBJECT:   REGULARITY APPROVAL FOR LEAD

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Access World (Vlissingen) B.V. (initially applied under Pacorini Metals Vlissingen B.V.) for regularity for the storage of lead deliverable against the COMEX Lead futures contract at their warehouse in Vlissingen, The Netherlands. 

      The approved capacity at this warehouse is 35,000 metric tons. 

      The primary conveyance designated by the Exchange shall be truck.  Primary conveyance shall be subject to the minimum guaranteed daily load out rate as prescribed in NYMEX Chapter 7, Rule 703.B.3.b.

      The alternate conveyance designated by the Exchange shall be rail.  The minimum guaranteed daily load out rate for this conveyance shall be 1,000 metric tons which shall be published in the Interpretations & Special Notices Related to Chapter 7.  In electing an alternate conveyance, the minimum guaranteed daily load out rate for the alternate conveyance shall apply absent any pending conveyance orders submitted prior to the alternate conveyance order.

      At all times, the regular warehouse shall be required to meet a cumulative minimum guaranteed daily load out rate as prescribed in NYMEX Chapter 7, Rule 703.B.3.b. for all pending load out orders.

      The storage and handling charges are as follows:

      Storage charge per metric ton per month

      $9.90

      Inbound Handling per metric ton (Truck & Rail)

      $0.00

      Outbound Handling per metric ton (Truck)

      $35.00

      Outbound Handling per metric ton (Rail)

      $35.60

      Weighing Charge per metric ton

      $4.45

      Blocking and Bracing per metric ton (Rail)

      $4.40

      Bill of Lading Issue

      $15.00

      Insurance

      Included

      Warehouse Receipt (Issue)

      $0.00

      Warehouse Receipt (Replacement)

      $10.00

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of July 18, 2016 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

      Please refer questions on this subject to:

      Market Surveillance:

      Terry Gehring                            Terry.Gehring@cmegroup.com                           (312) 435-3644