[Federal Register Volume 61, Number 187 (Wednesday, September 25, 1996)]
[Notices]
[Page 50280]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-24594]


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COMMODITY FUTURES TRADING COMMISSION


Chicago Mercantile Exchange Proposed Futures and Option Contracts 
on the Dow Jones Taiwan Stock Index

AGENCY: Commodity Futures Trading Commission.

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

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SUMMARY: The Chicago Mercantile Exchange (CME or Exchange) originally 
applied for designation as a contract market in futures and futures 
options on the Taiwan Stock Index. Comment on the proposed contracts 
was requested in a Federal Register notice dated June 21, 1996 (61 FR 
25636). 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, in this 
instance, an additional period for public comment on the CME's amended 
proposals in the Dow Jones Taiwan Stock Index is warranted.

DATES: Comments must be received on or before October 10, 1996.

ADDRESSES: Interested persons should submit their views and comments to 
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st St., NW, Washington, DC 20581. In addition, 
comments may be sent by facsimile transmission to facsimile number 
(202) 418-5521, or by electronic mail to [email protected]. Reference 
should be made to the Chicago Mercantile Exchange Dow Jones Taiwan 
Stock Index futures and futures option contracts.

FOR FURTHER INFORMATION CONTACT: Please contact Stephen Sherrod of the 
Division of Economic Analysis, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st St., NW, Washington, DC 20581, 
telephone 202-418-5277. Facsimile number: (202) 418-5527. Electronic 
mail: [email protected]

SUPPLEMENTARY INFORMATION: The Dow Jones Taiwan Stock Index is a 
capitalization-weighted index of 113 stocks listed on the Taiwan Stock 
Exchange. The index underlying the original application, the Taiwan 
Stock Index, is a capitalization-weighted index of 100 stocks listed on 
the Taiwan Stock Exchange. The Dow Jones Taiwan Stock Index and the 
Taiwan Stock Index have an overlap of 86 stocks; the weight of those 86 
stocks in the Dow Jones Taiwan Stock Index is 95.33%, and the weight of 
those in the Taiwan Stock Index is 93.50%. Thus, the Dow Jones Taiwan 
Stock Index is a close substitute for the Taiwan Stock Index.
    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 St., NW, 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 Futures Trading Commission, Three 
Lafayette Centre, 1155 21st St., NW, Washington, DC 20581 by the 
specified date.

    Issued in Washington, DC, on September 19, 1996.
John R. Mielke,
Acting Director.
[FR Doc. 96-24594 Filed 9-24-96; 8:45 am]
BILLING CODE 6351-01-P