• REGULARITY APPROVAL FOR ZINC

      • From
      • Registrar's Office
      • #
      • MKR09-18-17
      • Notice Date
      • 18 September 2017
      • Effective Date
      • 18 September 2017
    • DATE:           September 18, 2017

      MKR#:           09-18-17

      SUBJECT:     REGULARITY APPROVAL FOR ZINC

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of C. Steinweg – Handelsveem B.V. for regularity for the storage of zinc deliverable against the COMEX Zinc futures contract at their warehouse in Busan, Republic of Korea. 

      The approved capacity at this facility is 5,000 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:

      Inbound Handling per metric ton

      See note 1

      Outbound Handling

       

          To truck per metric ton

      $33.00

          To railcar per metric ton

      n/a

      Storage

       

           Inside per metric ton per month or       part thereof

      $13.00

      Weighing Charge per metric ton

      $8.00

      Facility Receipt

       

           Issue (each)

      n/a

           Replacement (each)

      n/a

      Bill of Lading

       

           Per truck

      n/a

           Per railcar

      n/a

      Metal Rewarranting per metric ton

      $10.00

      Additional Labor per man hour (1 hour minimum)

      $85.00

      Maximum Charge(s)

      See note 2

       

       

      Note 1:  Inbound handling from truck, container, rail car or vessel to be billed to cargo interest separately.

      Note 2:  Maximum charge(s) not applicable.  All charges rendered pro-rate per the “Unit of Charge” described above. 

       

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of September 25, 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