Reinstatement of Approved Status for Warranting and Delivery of RUSAL Aluminum Brands under the COMEX Aluminum Futures Contract

DATE:              January 31, 2019

MKR#              01-31-19

SUBJECT:      Reinstatement of Approved Status for Warranting and Delivery of RUSAL                                      Aluminum Brands under the COMEX Aluminum Futures Contract

Effective immediately, Commodity Exchange, Inc. (“COMEX”” or “Exchange”) has reinstated the approved status for registration (warranting) for delivery and delivery of the following Aluminum Brands against the Exchange’s Aluminum Futures contract (CME Globex/CME ClearPort Code: ALI; Rulebook Chapter 107):

each a “Rusal Brand”, and together the “Rusal Brands”.

As such, aluminum of a Rusal Brand and warrants issued for aluminum of a Rusal Brand shall be deliverable under the Exchange’s Aluminum Futures contract.

The Rusal Brands are hereby reinstated to the list of Exchange approved Brand marks as provided in Chapter 7 of the Exchange Rules, effective immediately.

The Exchange notes that on April 6, 2018, the US Department of the Treasury’s Office of Foreign Assets Control ("OFAC"), in consultation with the Department of State, designated certain legal and natural persons as subject to sanctions, including United Company RUSAL Plc (“Rusal”). Accordingly, the Exchange took actions to revoke the approved status of the Rusal Brands on April 10, 2018 pursuant to Exchange Rule 703.C, see SER-8131. On January 27, 2019, OFAC lifted the sanctions imposed on Rusal following an earlier notification submitted to Congress on December 19, 2018. Accordingly, the Exchange hereby designates and approves the Rusal Brands as deliverable against the Exchange’s Aluminum Futures contract and reinstates the Rusal Brands to the list of Exchange approved Brand marks pursuant to Exchange Rule 703.A of the Exchange Rules, effective immediately.

The Commodity Futures Trading Commission (“CFTC”) will be notified of the aforementioned during the week of February 4, 2019 via the weekly notification procedures set out in Part 40 of the CFTC’s Regulations.

Please refer questions on this subject to:

Market Surveillance

Terry Gehring                          Terry.Gehring@cmegroup.com                     +1 312 435 3644                    

Research

Joann Arena                           Joann.Arena@cmegroup.com                       +1 212 299 2356