[Federal Register Volume 61, Number 26 (Wednesday, February 7, 1996)]
[Notices]
[Pages 4628-4629]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2522]



=======================================================================
-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION


Applications of the Chicago Board of Trade for Designation as a 
Contract Market in Futures and Options on the CBOT Argentina Brady Bond 
Index

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of the terms and conditions of proposed 
commodity futures and option contracts.

-----------------------------------------------------------------------

SUMMARY: The Chicago Board of Trade (CBT or Exchange) has applied for 
designation as a contract market in futures and futures options on the 
CBOT Argentina 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 March 8, 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 CBOT Argentina Brady Bond.

FOR FURTHER INFORMATION CONTACT: Stephen Sherrod of the Division of 
Economic Analysis, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street, Washington, DC 20581, (202) 418-
5277.

SUPPLEMENTARY INFORMATION: The Exchange's proposed Brady bond contracts 
are based on an index representing the sovereign debt of Argentina. The 
SEC has been petitioned to grant the sovereign debt of Argentina 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 to the list of exempted securities, the 
Commission would then be able to designate futures on such security. 
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 CBT 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 

[[Page 4629]]
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 CBT, 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 31, 1996.
Blake Imel,
Acting Director.
[FR Doc. 96-2522 Filed 2-6-96; 8:45 am]
BILLING CODE 6351-01-P