[Federal Register Volume 61, Number 29 (Monday, February 12, 1996)]
[Notices]
[Pages 5386-5387]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3002]
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COMMODITY FUTURES TRADING COMMISSION
Applications of the Chicago Mercantile Exchange for Designation
as a Contract Market in Futures and Options on Brazilian ``C'' Brady
Bonds, Brazilian ``El'' Brady Bonds, and Argentine ``FRB'' Brady Bonds
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice of availability of the terms and conditions of proposed
commodity futures and option contracts.
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SUMMARY: The Chicago Mercantile Exchange (CME or Exchange) has applied
for designation as a contract market in futures and futures options on
Brazilian ``C'' Brady Bonds, Brazilian ``El'' Brady Bonds, and
Argentine ``FRB'' Brady Bonds. The Acting Director of the Division of
Economic Analysis (Division) of the Commission, acting pursuant to the
authority delegated by Commission Regulation 140.96, has determined
that publication of the proposals for comment is in the public
interest, will assist the Commission in considering the views of
interested persons, and is consistent with the purposes of the
Commodity Exchange Act.
DATES: Comments must be received on or before March 13, 1996.
ADDRESSES: Interested persons should submit their views and comments to
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. Reference
should be made to the CME futures and options on Brazilian ``C'' Brady
Bonds, Brazilian ``El'' Brady Bonds, and Argentine ``FRB'' Brady Bonds.
FOR FURTHER INFORMATION CONTACT: Please contact Stephen Sherrod of the
Division of Economic Analysis, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street, Washington, DC, 20581,
telephone 202-418-5277.
SUPPLEMENTARY INFORMATION: The Exchange's proposed Brady bond contracts
are based on the sovereign debt of Argentina and Brazil. The Exchange
has petitioned the SEC to grant the sovereign debt of Argentina and
Brazil exempt status under SEC Rule 240.3a12-8. The SEC published the
proposed amendment to Rule 240.3a12-8 in the Federal Register for a 30-
day public comment period on December 20, 1995. Should the SEC add the
sovereign debt of Argentina and Brazil to the list of exempted
securities, the Commission would then be able to designate futures on
such securities. See Section 2(a)(1)(B)(v) of the Act.
Copies of the terms and conditions will be available for inspection
at the Office of the Secretariat, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street Washington, D.C. 20581. Copies
of the terms and conditions can be obtained through the Office of the
Secretariat by mail at the above address or by phone at (202) 418-5097.
Other materials submitted by the CME in support of the applications
for contract market designation may be available upon request pursuant
to the Freedom of Information Act (5 U.S.C. 552) and the Commission's
regulations thereunder (17 CFR Part 145 (1987)), except to the extent
they are entitled to confidential treatment as set forth in 17 CFR
145.5 and 145.9. Requests for copies of such materials should be made
to the FOI, Privacy and Sunshine Act Compliance Staff of the Office of
the Secretariat at the Commission's headquarters in accordance with 17
CFR 145.7 and 145.8.
Any person interested in submitting written data, views, or
arguments on the proposed terms and conditions, or with respect to
other materials submitted by the CME, should send such comments to Jean
A. Webb, Secretary, Commodity
[[Page 5387]]
Futures Trading Commission, Three Lafayette Centre, 1155 21st Street,
NW, Washington, DC 20581 by the specified date.
Issued in Washington, DC, on February 5, 1996.
Blake Imel,
Acting Director.
[FR Doc. 96-3002 Filed 2-9-96; 8:45 am]
BILLING CODE 6351-01-P
