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Enron Mail |
Notice No. 00-333
September 26, 2000 TO: ALL COMEX DIVISION MEMBERS ALL COMEX DIVISION CLEARING MEMBERS ALL COMEX DIVISION MEMBER FIRMS FROM: Neal Wolkoff, Executive Vice President SUBJECT: COPPER WAREHOUSE RATE CHANGE The following new rate for the handling out charges for copper has been submitted to the Exchange by Southwest Commodity Warehouses, Inc. for its facilities located at 4619 N. Highway Drive, Tucson, Arizona and #1 Jacobus Road, San Manual, Arizona. Southwest Commodity Warehouses, Inc. is a COMEX Licensed Warehouse for the storage of copper deliverable against the COMEX Grade 1 Copper Futures Contract. The new rate will become effective on November 1, 2000. All other charges remain unchanged. RATES AND CHARGES FOR COPPER Southwest Commodity Warehouses, Inc. Effective: November 1, 2000 Handling Out Charge per Short Ton: $22.75 The following previously published charges for the storage and handling of copper at Southwest Commodity Warehouses, Inc. remain unchanged. Handling Inbound per Short Ton: $0.00 Monthly Storage Charge per Short Ton: $3.85 Preparation of Warehouse Receipt: $0.00 Replacement of Each Warehouse Receipt: $5.00 Bill of Lading: $ 5.00 Insurance Premiums: $ 0.00 Please be advised that the warehouses, at their discretion, may require handling fees based on the new rates for all copper physically in storage as of the effective date. That is, the old rates are not grandfathered for copper already in storage prior to November 1, 2000. Specific to handling out charges, invoices prepared by COMEX Clearing for warrants issued prior to November 1, 2000 should not call for reimbursements for handling out charges based on the new rates. Reimbursements for these warrants should be based on the old handling out rate because the warehouse was prepaid based on the old handling out rate. Though the warehouses have been prepaid the handling out charges based on the old rate, the party shipping the metal out on or after November 1, 2000, may owe the warehouses the difference between the old and new rates upon shipment, at the discretion of the warehouse. Clearing Members are advised to carefully review invoices to ensure that reimbursement payments are not made for charges that have not actually been prepaid by the market short. Should you have any questions or require any additional information, please contact Albert J. Getz at 212-299-2608. __________________________________________________ Please click on the link below to indicate you have received this email. "http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com& refdoc=(00-333)" Note: If you click on the above line and nothing happens, please copy the text between the quotes, open your internet browser, paste it into the web site address and press Return.
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