• Regularity Approval for Zinc

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

      MKR#:            07-31-17C

      SUBJECT:      Regularity Approval for Zinc

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Henry Bath 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 facility is 10,500 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:

      Handling: Inbound from FOT to in Warehouse per Metric Ton:

      $6.62

      Handling: Inbound from FOR to in Warehouse per Metric Ton:

      N/A

      Storage Charges per Metric Ton per Month:

      $13.00

      Handling: Outbound from in Warehouse to FOT per Metric Ton:

      $36.00

      Handling: Outbound from in Warehouse to FOR per Metric Ton:

      N/A

      Weighing Charges per Metric Ton:

      $8.00

      Preparation of Facility Receipt per Batch:

      $50.00

      Replacement of Facility Receipt per Batch:

      $50.00

      Issuance of Bill Lading:

      $30.00

      Labor Rate per Hour:

      $85.00

      Blocking and Bracing per truck:

      $100.00

      Blocking and Bracing per rail car:

      $300.00

      Blocking and Bracing per container:

      $200.00

      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