• New Storage Rates – Southwest Commodity Warehouses, Inc.

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5199
      • Notice Date
      • 07 April 2010
      • Effective Date
      • 01 June 2010
    • Effective July 1, 2010, Southwest Commodity Warehouses, Inc., an Exchange Licensed Warehouse for the storage of copper deliverable against the Exchange’s Copper Futures contract, has submitted to the Exchange the following charges for the handling and storage of Copper at its facilities located in Tucson, AZ.  These new rates will become effective on July 1, 2010 and are the maximum amount of fees that will be charged.

       

       

                         Southwest Commodity Warehouses, Inc. Implements New Storage Rates

       

      Southwest Commodity Warehouses, Inc., an Exchange Licensed Warehouse for the storage of Copper, has notified the Exchange of its new rate schedule for the storage and handling of Copper.

      RATES AND CHARGES FOR COPPER

       

      Southwest Commodity Warehouses, Inc.                                             Effective: July 1, 2010

       

      Monthly Storage Charge per Short Ton:                                               $7.00

      Handling Inbound per Short Ton:                                                         $0.00

      Handling Outbound per Short Ton:                                                      $26.75

      Bills of Lading:                                                                                    $5.00

      Preparation of Warehouse Receipt:                                                      $0.00

      Replacement of Warehouse Receipt:                                                    $5.00

      Insurance Premiums:                                                                           $0.00

      Blocking and Bracing, Vans, per Short Ton:                                        $4.00

      Side Loading Flatbeds, per Short Ton:                                                $2.50

      Cancellation Charge per Shipment Cancelled:                                    $100.00

      Additional Labor Rate per Man-Hour:                                                   $20.00

      Blocking & Bracing Rail Cars per Short Ton:                                        $4.00   

       

      In accordance with Exchange rules, the new rate schedule will become effective on July 1, 2010.

       

      Please refer questions on this subject to:

       

      Market Regulation:

      Melissa Hubley                       melissa.hubley@cmegroup.com                    312.435.3595

       

       

      Energy & Metals Research:

      Joann Arena                           joann.arena@cmegroup.com                         212.299.2356