• Regularity Approval for Zinc

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

      MKR#:             07-31-17B

      SUBJECT:       Regularity Approval for Zinc

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Access World (Vlissingen) B.V. for regularity for the storage of zinc deliverable against the COMEX Zinc 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 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