[Federal Register Volume 61, Number 19 (Monday, January 29, 1996)]
[Notices]
[Page 2803]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1510]



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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 the CME Argentine Brady 
Bond Index and the CME Brazilian Brady Bond Index

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 
the CME Argentine Brady Bond Index and futures and futures options on 
the CME Brazilian Brady Bond Index. 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 February 28, 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 Argentine Brady Bond Index and the CME 
Brazilian Brady Bond Index.

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 indexes representing 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, DC 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 C.F.R. Part 145 (1987)), except to the 
extent they are entitled to confidential treatment as set forth in 17 
C.F.R. 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 C.F.R. 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 Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 by the 
specified date.

    Issued in Washington, DC, on January 23, 1996.
Blake Imel,
Acting Director.
[FR Doc. 96-1510 Filed 1-26-96; 8:45 am]
BILLING CODE 6351-01-P