|
|
Enron Mail |
Notice Number: 01-65
February 20, 2001 TO: ALL COMEX DIVISION MEMBERS FROM: M. Dawn Lowe Vice President and Assistant Corporate Secretary SUBJECT: Proposed Amendment to COMEX Rule 4.47, =01&Position Limits=018. Attached please find a proposed amendment to COMEX Rule 4.47, =01&Position= =20 Limits=018 which would reduce the maximum number of futures contracts, opti= ons=20 on such futures contracts, or any combination thereof which any person may= =20 own or control in the spot month of the Grade 1 Copper Futures Contract fro= m=20 2500 to 1500. The proposed amendment to COMEX Rule 4.47, =01&Position Limits=018 affects = a=20 =01&Special Matter=018 under the terms of the COMEX By-Laws. Accordingly, = COMEX=20 Division Members have ten (10) days to submit a petition signed by owners o= f=20 at least 155 COMEX Division Memberships requesting a vote of the COMEX=20 Division Members to disapprove the amendments, pursuant to the procedures s= et=20 forth under COMEX By-Law 205(D). If a petition is not received, or if the= =20 amendment is not disapproved, it will be submitted to the Commodity Futures= =20 Trading Commission (CFTC). If you have any questions, please contact Dawn Lowe at 212-299-2370, Thomas= =20 LaSala at 212-299-2897 or Albert J. Getz at 212-299-2608. Proposed Rule Amendments (## indicates additions: bracketing indicates deletions) COMEX Rule 4.47, =01&Position Limits=018 (b) Applicable Limits. The maximum number of futures contracts, options on= =20 such futures contracts, or any combination thereof (collectively referred t= o=20 as a "position=018) which any person may own or control is as follows: Commodity Spot Month Limit* Net Futures Equivalent Limit Gold 3000 Subject to Position Accountability Silver 1500 Subject to Position Accountability Aluminum 350 Subject to Position Accountability Copper [ 2500] ##1500## Subject to Position Accountability Eurotop 100 Stock Index None 10,000 Eurotop 300 Stock Index None 5,000 *Effective as of the close of business on the second last business day of t= he=20 calendar month preceding the delivery month. The remainder of COMEX Rule 4.47 remains unchanged. __________________________________________________ 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(01-65)" 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.
|