• REGULARITY APPROVAL FOR ZINC

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

      MKR#:           09-18-17H

      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 Bilbao, Spain.

      The approved capacity at this facility is 4,280 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 per metric ton (Truck)

      $36.00

      Storage – Indoor per metric ton per month or part thereof

      $13.00

      Weighing Charge per metric ton

      $8.00

      Facility Receipt Issue (each)

      $50.00

      Facility Receipt Replacement (each)

      $50.00

      Bill of Lading Issue

      $30.00

      Additional Labor per man hour (1 hour minimum)

      $85.00

       

       

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

       

      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