| Notice to Members |
| Notice No. 242 06/22/2004 |
| Reporting of Aluminum Warehouse Stocks |
|---|
| The New York Mercantile Exchange, Inc. (“Exchange”) has self-certified
with the Commodity Futures Trading Commission a new policy for the reporting of
aluminum inventories at Exchange Licensed Warehouses.
Currently, aluminum warehouse stocks are reported by the Exchange Licensed
Warehouses for Aluminum as follows: B. On a daily basis the Warehouse provides the amount of “Other Aluminum” which is reported as the total number of pieces of T-bar, sow, slab and the number of bundles of standard ingot (a bundle is counted as one piece) which is stored at the facility for which a warrant has not been issued. It may be either primary or secondary aluminum, and may not meet the precise standards for weight, shape, brand or grade of aluminum deliverable against the Aluminum Futures Contract. Effective July 1, 2004, aluminum warehouse stocks will be reported as follows: B. “Other Aluminum” would be reported as the total number of pieces
of primary aluminum T-bar and low-profile sow of an Exchange approved brand
which is stored at the facility for which a warrant has not been issued. |
| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com |