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Enron Mail |
Notice No. 00-401
November 20, 2000 TO: ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS ALL COMEX DIVISION MEMBERS AND MEMBER FIRMS FROM: Neal Wolkoff, Executive Vice President SUBJECT: Approved Amendments to the COMEX Silver Futures Contract to Add=20 Brink=01,s Inc. and Delaware Depository Service Company, LLC as Exchange=20 Licensed Depositories. The Exchange has received approval from the Commodity Futures Trading=20 Commission to amend Supplement No. 2, "Licensed Depositories and Weighmaste= rs=20 for Silver" of the COMEX Silver Futures Contract. The purpose of the approv= ed=20 amendment is to add Brink=01,s Inc.=01,s vault facility located at 652 Kent= Avenue,=20 Brooklyn, NY and Delaware Depository Service Company, LLC=01,s vault facili= ties=20 located at 3601 North Market Street and 4200 Governor Printz Boulevard,=20 Wilmington, DE as Exchange Licensed Depositories for the storage of silver= =20 deliverable against the Exchange=01,s COMEX Division Silver Futures Contrac= t. Effective Thursday, February 1, 2001, Brink=01,s Inc. in Brooklyn, New York= and=20 Delaware Depository Service Company, LLC in Wilmington, Delaware will becom= e=20 eligible as Licensed Depositories for the storage and delivery of silver=20 against the COMEX Silver Futures Contract. In order to provide the market with relevant data pertaining to both Brink= =01,s=20 and Delaware Depository Service Company=01,s silver stock figures, the Exch= ange=20 will report historical stock figures for both companies on November 27,=20 2000. The Exchange will then report the stock figures as of November 30th,= =20 December 15th, December 29th 2000 and January 16th 2001 in a separate repor= t=20 from the daily metal warehouse statistics. Effective February 1, 2001, the= =20 Exchange will begin reporting the eligible and registered silver stocks in= =20 the daily metal warehouse statistics for both companies. Eligible and Registered Silver The eligible silver stocks at both companies and that of the daily metal=20 warehouse statistics are limited to silver bars that meet the Exchange=01,s= =20 criteria for delivery. This criteria specifies that a silver bar must weig= h=20 1,000 troy ounces, plus or minus 10% and be on the Exchange=01,s Official L= ist=20 of Approved Refiners and Brands for silver. The eligible stocks denoted=20 here, and in the daily warehouse statistics, do not include such items as 1= 00=20 troy ounce silver bars or silver coins. Specifically, eligible metal is not the same as registered metal. Register= ed=20 metal is defined as metal which meets the standards for delivery as stated = in=20 the COMEX Rules and for which a COMEX Depository Receipt (Warrant) has been= =20 issued. Eligible metal is defined as metal which meets the standards for= =20 delivery as stated in the COMEX Rules and for which no COMEX Depository=20 Receipt (Warrant) has been issued. In order for eligible metal to become registered metal, the owner of the=20 metal must have an Exchange Licensed Depository issue a Depository Receipt= =20 (Warrant) on those silver bars meeting Exchange standards comprising 5,000= =20 troy ounces (plus or minus 6%) stored at its facility. A copy of the approved amendments is attached. Capital letters indicate=20 additions, bracketing [ ] indicates deletions. Should you have any questions regarding the above, please contact Albert J.= =20 Getz at 212-299-2608. Silver Supplement No. 2 Approved Rule Amendments Capital letters indicate additions; [ ] indicate deletions. COMMODITY EXCHANGE, INC. LICENSED DEPOSITORIES AND WEIGHMASTERS FOR SILVER New York Depository: ScotiaMocatta Depository, A Division of The Bank of Nova Scotia 4 World Trade Center New York, NY 10048 Orders: (212) 912-8530 Facilities: 4 World Trade Center New York, NY Computer Code: 3002 Depository: HSBC Bank USA 1 West 39th Street, SC 2 Level New York, NY 10018 Orders: (212) 525-6439 Facilities: 1 West 39th Street, SC 2 Level New York, NY Computer Code: 5001 DEPOSITORY: BRINK=01,S INCORPORATED SUITE 400 580 5th AVENUE NEW YORK, NEW YORK 10036 ORDERS: (718) 260-2200 FACILITIES: 652 KENT AVENUE BROOKLYN, NEW YORK COMPUTER CODE: 4001 DELAWARE DEPOSITORY: DELAWARE DEPOSITORY SERVICE COMPANY, LLC 3601 NORTH MARKET STREET WILMINGTON, DELAWARE 19802 ORDERS: (302) 765 =01)3884 FACILITY: 3601 NORTH MARKET STREET WILMINGTON, DELAWARE COMPUTER CODE: 6001 4200 GOVERNOR PRINTZ BLVD. WILMINGTON, DELAWARE COMPUTER CODE: 6002 Additional Licensed Weighmasters For Silver International Testing Laboratories, Inc. 578-582 Market Street Newark, NJ 07105 Orders: (201) 589-4772 Ledoux & Company 359 Alfred Avenue Teaneck, NJ 07666 Orders: NJ (201) 837-7160 __________________________________________________ Please click on the link below to indicate you have received this email. "http://208.206.41.61/email/email_log.cfm?useremail=3Dsara.shackleton@enron= .com& refdoc=3D(00-401)" 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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