Currently, Licensed Warehouses are required to provide the Exchange with a minimum of 31 days written notice before there is any increase in the charges for the handling and storage of copper and aluminum with the charges becoming effective on the first calendar day of the month following the 31 day notification period. The charges are the maximum rate for all charges applicable to copper and aluminum stored in the Licensed Warehouse. The warehouse may then, at its own discretion, negotiate lower prices with its customers.

Effective on July 1, 2004, the Exchange Licensed Warehouses for both copper and aluminum will be required to provide the Exchange with ninety days written notice of an increase in the handling and storage charges with the new charges effective on the first calendar day of the month following the ninety day notification period. The length of time that the charges remain effective would be at the sole discretion of the warehouse. These charges will be the maximum rate for all charges applicable to copper and aluminum stored in the Licensed Warehouse. The warehouse may then, at its own discretion, negotiate lower prices with its customers.