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Enron Mail |
Notice No. 00-411
November 30, 2000 TO: ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS ALL COMEX DIVISION MEMBERS AND MEMBER FIRMS FROM: Neal Wolkoff, Executive Vice President SUBJECT: Current and Historical Silver Stocks at Brink=01,s Inc. and Delawa= re=20 Depository Service Company, LLC. 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 Licensed Depositories for the storage and delivery of silver against the=20 COMEX Silver Futures Contract. In order to provide the market with relevant data pertaining to both Brink= =01,s=20 Inc. ("Brink=01,s") and Delaware Depository Service Company=01,s ("DDSC") s= ilver=20 stock figures, the Exchange will report both current and historical stock= =20 figures from both companies commencing on November 27, 2000. The Exchange= =20 will then report the stock figures on November 30th, December 15th, Decembe= r=20 29th 2000 and January 16th, 2001 in a separate report from the daily metal= =20 warehouse statistics. Effective February 1, 2001, the Exchange will begin= =20 reporting the eligible and registered silver stocks in the daily metal=20 warehouse statistics for both companies. Troy Ounces of Silver Eligible for Exchange Delivery December 31, 1999 Brink=01,s: 1,007,397 DDSC: 7,543,394 March 31, 2000 Brink=01,s: 81,262 DDSC: 6,364,264 June 30, 2000 Brink=01,s: 1,403,707 DDSC: 6,133,597 September 30, 2000 Brink=01,s: 1,337,124 DDSC: 5,990,871 October 31, 2000 Brink=01,s: 583,547 DDSC: 5,956,461 November 15, 2000 Brink=01,s: 218,975 DDSC: 5,957,369 November 30, 2000 Brink=01,s: 780,510 DDSC: 5,961,249 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. Depository Charges Brink=01,s Inc. Effective Thursday, February 1, 2001, the rate for storage and handling=20 applicable to silver held on Exchange warrant at Brink=01,s Inc. will be as= =20 follows: Storage: $18.50 per contract per month; Handling out: $65.00 per= =20 contract. Delaware Depository Service Company, LLC Effective Thursday, February 1, 2001, the rate for storage and handling=20 applicable to silver held on Exchange warrant at Delaware Depository Servic= e=20 Company, LLC will be as follows: Storage: $18.50 per contract per month;=20 Handling out: $65.00 per contract. Should you have any questions regarding the above, please contact Albert J.= =20 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=3Dtana.jones@enron.com&= refdo c=3D(00-411)" 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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