• Revocation of Approved Status for Warranting and Delivery of the Joint Stock Company Chelyabinsk Zinc Plant Zinc Brand from the Physically-Delivered COMEX Zinc Futures Contract

      • From
      • Registrar's Office
      • #
      • MKR07-26-23
      • Notice Date
      • 26 July 2023
      • Effective Date
      • 26 July 2023
    • DATE:            July 26, 2023

      MKR#:           07-26-23       

      SUBJECT:   Revocation of Approved Status for Warranting and Delivery of the Joint Stock Company Chelyabinsk Zinc Plant Zinc Brand from the Physically-Delivered COMEX Zinc Futures Contract

       

      Effective immediately, Commodity Exchange, Inc. (“COMEX” or “Exchange”) will delist the Joint Stock Company Chelyabinsk Zinc Plant Zinc (brand mark: CZP SHG) zinc brand (the “Brand”) from its current brand list for delivery against the Exchange’s physically-delivered Zinc futures contract.

      As a result of current U.S. sanctions, the Brand has been removed from the list of Exchange approved Brand marks as provide in Chapter 7 of the Exchange Rules. The Brand will no longer be deemed, or reported as, eligible for registration and is not currently stored in an Exchange-approved warehouse.  Accordingly, the Exchange is taking the actions set out in this notice in respect of the Former Approved Brands pursuant to Exchange Rule 703.C.

       

      The Commodity Futures Trading Commission (CFTC) will be notified of the aforementioned during the week of July 31, 2023 via the weekly notification procedures set out in Part 40 of the CFTC’s Regulations.

      Please refer questions on this subject to:

      Registrar’s Office:

      Kyle Miller                                 Kyle.Miller@cmegroup.com                   +1 312 341 3436

      Research:

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