• Storage and Handling Rate Changes for Southwest Commodity Warehouses, Inc.

      • From
      • Registrar's Office
      • #
      • MKR07-30-15
      • Notice Date
      • 30 July 2015
      • Effective Date
      • 01 November 2015
    • DATE:            July 30, 2015

      MKR#:           07-30-15

      SUBJECT:     Storage and Handling Rate Changes for Southwest Commodity Warehouses, Inc.

       

      Southwest Commodity Warehouses, Inc., a COMEX Warehouse for the storage and delivery of copper deliverable against the Exchange’s Copper futures contract, will implement new rates in connection with the storage and withdrawal of copper at its facilities located in Tucson, AZ. The new rates, presented below, reflect the maximum amount of fees that can be charged.

       

      In accordance with Exchange rules, the new rate schedule will become effective on November 1, 2015.

       

      New Storage Rates

       

      RATES AND CHARGES FOR COPPER

      Monthly Storage Charge per short ton

      $8.00

      Handling Inbound per short ton

      $0.00

      Handling Outbound per short ton

      $30.00

      Loading per short ton (Flatbeds)

      $2.50

      Bill of Lading

      $5.00

      Issuance of Original Warehouse Receipt

      $0.00

      Replacement of Warehouse Receipt per receipt

      $5.00

      Minimum Storage Charge per month for less than one lot

      $0.00

      Insurance Premiums

      $0.00

      Side Loading/Bracing per short ton (Flatbeds)

      $0.00

      Blocking/Bracing per short ton (Rail Cars)

      $4.00

      Blocking/Bracing per short ton (Vans)

      $5.00

      Cancellation Charge per shipment cancelled

      $100.00

      Additional Labor Rate per man hour

      $20.00

      Weighing per short ton (upon request)

      $0.00

      The Commodity Futures Trading Commission (CFTC) will be notified of the rate changes during the week of November 2, 2015 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

      Please refer questions on this subject to:

      Market Surveillance

      Marc Naimoli                             Marc.Naimoli @cmegroup.com              (312) 341-7051