From: exchangeinfo@nymex.com
To: tana.jones@enron.com
Date: 2000-12-04 18:05:00+00:00
Subject: (00-411) Current and Historical Silver Stocks

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,s Inc. and Delaware 
Depository Service Company, LLC.


Effective Thursday, February 1, 2001, Brink,s Inc. in Brooklyn, New York and 
Delaware Depository Service Company, LLC in Wilmington, Delaware will become 
Licensed Depositories for the storage and delivery of silver against the 
COMEX Silver Futures Contract.

In order to provide the market with relevant data pertaining to both Brink,s 
Inc. ("Brink,s") and Delaware Depository Service Company,s ("DDSC") silver 
stock figures, the Exchange will report both current and historical stock 
figures from both companies commencing on November 27, 2000.  The Exchange 
will then report the stock figures on November 30th, December 15th, December 
29th 2000 and January 16th, 2001 in a separate report from the daily metal 
warehouse statistics.  Effective February 1, 2001, the Exchange will begin 
reporting the eligible and registered silver stocks in the daily metal 
warehouse statistics for both companies.

Troy Ounces of Silver Eligible for Exchange Delivery


December 31, 1999     Brink,s:   1,007,397         DDSC:    7,543,394
March 31, 2000       Brink,s:      81,262         DDSC:    6,364,264
June 30, 2000         Brink,s:   1,403,707         DDSC:    6,133,597
September 30, 2000    Brink,s:   1,337,124         DDSC:    5,990,871
October 31, 2000      Brink,s:     583,547         DDSC:    5,956,461
November 15, 2000     Brink,s:     218,975         DDSC:    5,957,369
November 30, 2000     Brink,s:     780,510         DDSC:    5,961,249




Eligible and Registered Silver

The eligible silver stocks at both companies and that of the daily metal 
warehouse statistics are limited to silver bars that meet the Exchange,s 
criteria for delivery.  This criteria specifies that a silver bar must weigh 
1,000 troy ounces, plus or minus 10% and be on the Exchange,s Official List 
of Approved Refiners and Brands for silver.  The eligible stocks denoted 
here, and in the daily warehouse statistics, do not include such items as 100 
troy ounce silver bars or silver coins.

Specifically, eligible metal is not the same as registered metal.  Registered 
metal is defined as metal which meets the standards for delivery as stated in 
the COMEX Rules and for which a COMEX Depository Receipt (Warrant) has been 
issued.  Eligible metal is defined as metal which meets the standards for 
delivery as stated in the COMEX Rules and for which no COMEX Depository 
Receipt (Warrant) has been issued.

In order for eligible metal to become registered metal, the owner of the 
metal must have an Exchange Licensed Depository issue a Depository Receipt 
(Warrant) on those silver bars meeting Exchange standards comprising 5,000 
troy ounces (plus or minus 6%) stored at its facility.

Depository Charges

Brink,s Inc.
Effective  Thursday, February 1, 2001, the rate for storage and handling 
applicable to silver held on Exchange warrant at Brink,s Inc. will be as 
follows: Storage: $18.50 per contract per month; Handling out: $65.00 per 
contract.

Delaware Depository Service Company, LLC
Effective  Thursday, February 1, 2001, the rate for storage and handling 
applicable to silver held on Exchange warrant at Delaware Depository Service 
Company, LLC will be as follows: Storage: $18.50 per contract per month; 
Handling out:  $65.00 per contract.

Should you have any questions regarding the above, please contact Albert J. 
Getz at 212-299-2608.


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