Notice to Members
Notice No. 329 12/03/2002
Proposed Amendment to COMEX Rule 11.41, "Delivery Months and Days for Trading in Grade 1 Copper Contract"
Attached please find a proposed amendment to COMEX Rule 11.41, "Delivery Months and Days for Trading in Grade 1 Copper Contract" which increases the number of delivery months in the Grade 1 Copper Futures Contract from twenty-four consecutive contract months to sixty consecutive contract months. The proposed amendment to COMEX Rule 11.41, "Delivery Months and Days for Trading in Grade 1 Copper Contract" affects a "Special Matter" under the terms of the COMEX By-Laws. Accordingly, COMEX Division Members have ten (10) days to submit a petition signed by owners of at least 155 COMEX Division Memberships requesting a vote of the COMEX Division Members to disapprove the amendments, pursuant to the procedures set forth under COMEX By-Law 205(D). If a petition is not received, or if the amendment is not disapproved, it will be submitted to the Commodity Futures Trading Commission (CFTC). PROPOSED RULE AMENDMENT Strikeouts represents deleted language, [] represents added language. Delivery Months and Days for Trading in Grade 1 Copper Contract Rule 11.41. Trading in the Grade 1 copper contract shall be conducted for delivery in every current calendar month and the immediately following twenty three [fifty-nine] calendar months Trading in a Grade 1 copper future shall commence on the last business day of the month in which it is listed ("First Day of Trading") and shall cease at the close of trading on the business day preceding Last Notice Day for the named delivery month ("Last Day of Trading").
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com