• Regularity Approval for Zinc

      • From
      • Registrar's Office
      • #
      • MKR07-31-17
      • Notice Date
      • 31 July 2017
      • Effective Date
      • 31 July 2017
    • DATE:              July 31, 2017

      MKR#:              07-31-17

      SUBJECT:       Regularity Approval for Zinc

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Access World (Rotterdam) B.V. for regularity for the storage of zinc deliverable against the COMEX Zinc futures contract at their warehouse in Rotterdam, The Netherlands. 

      The approved capacity at this warehouse is 8,000 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.

      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)

      $0.00

      Outbound Handling per metric ton (Truck)

      $35.00

      Weighing Charge per metric ton

      $4.45

      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 August 7, 2017 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

      Please refer questions on this subject to:

      Market Surveillance:

      Spencer McGowan                    spencer.mcgowan@cmegroup.com                    (312) 435-3662