[Federal Register Volume 68, Number 228 (Wednesday, November 26, 2003)]
[Notices]
[Pages 66402-66403]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-29498]


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

COMMODITY FUTURES TRADING COMMISSION


Citrus Associates of the New York Cotton Exchange Proposed FCOJ-A 
Futures and Options Contract and FCOJ-B Contract

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of terms and conditions of new contract 
specifications for FCOJ-A futures and options contracts and FCOJ-B 
futures contract.

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

SUMMARY: The Citrus Associates of the New York Cotton Exchange (CANYCE 
or Exchange) has requested that the Commission approve the subject 
proposed new FCOJ-A futures and options contracts and FCOJ-B futures 
contract. The proposals were submitted pursuant to Commission 
Regulations 40.3 and 40.5.
    The delivery provisions of the proposed FCOJ-A futures contract are 
the same as the existing FCOJ-2 futures contract, and the delivery 
provisions of the proposed FCOJ-B futures contract are the same as the 
existing FCOJ-1 futures contract. The FCOJ-A contract will trade 
outright, as the principal trading vehicle, and the FCOJ-B contract 
will trade as a differential to the FCOJ-A contract (currently, the 
FCOJ-1 contract trades outright and the FCOJ-2 contract trades as a 
differential to the FCOJ-1 contract).
    Both the FCOJ-A and FCOJ-B futures contracts will require delivery 
of 15,000 pounds of US Grade A orange solids with a Brix value of not 
less than 62.5 degrees, and a Brix to acid value ration of not less 
than 14 to 1 nor more than 19 to 1. Deliverable product must also have 
a minimum score of 94, with the minimums for the component factors 
fixed at 37 for color, 37 for flavor and 19 for defects. In addition, 
both the FCOJ-A and FCOJ-B futures contracts will require delivery in 
drums or tanks, at the seller's option, at Exchange-licensed warehouses 
in Florida, New Jersey, Delaware, or California. The principal 
difference between the two contracts is that the FCOJ-A futures 
contract, which, as noted, will be the principal trading vehicle, will 
require delivery of product that is 100% Florida origin, 100% Brazilian 
origin, or a combination of the two origins, whereas the FCOJ-B 
contract, which, as noted, will trade as a differential to FCOJ-A, will 
not have a country or state of origin requirement.
    The Director of the Division of Market Oversight (Division) of the 
Commission, acting pursuant to the authority delegated by Commission 
Regulation 140.96, has determined that publication of the Exchange's 
proposal for comment is in the public interest, and will assist the 
Commission in considering the views of interested persons.

DATES: Comments must be received on or before December 11, 2003.

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 20581 by the 
specified date. In addition, comments may be sent by facsimile 
transmission to (202) 418-5521 or by electronic mail to 
[email protected]. Reference should be

[[Page 66403]]

made to FCOJ-A and FCOJ-B futures and options contract and FCOJ-B 
futures contract.

FOR FURTHER INFORMATION CONTACT: Please contact Martin Murray of the 
Division of Market Oversight, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street, NW., Washington 20581, (202) 
418-5276. Facsimsile number: (202) 418-5507. Electronic mail: 
[email protected].

SUPPLEMENTARY INFORMATION: Copies of the Exchange's proposal will be 
available for inspection at the Office of the Secretariat, Three 
Lafayette Centre, 1155 21st Street, NW., Washington 20581. Copies of 
the proposal can also be obtained through the Commission's Web site at 
http://www.cftc.gov/dea/pending/deanewcontr.htm, or through the Office 
of the Secretariat by mail at the above mailing address or by phone at 
(202) 418-5100.
    Other materials submitted by the CANYCE in support of the request 
for approval 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 (2002)), 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 at the above address.

    Issued in Washington, DC on November 20, 2003.
Michael Gorham,
Director.
[FR Doc. 03-29498 Filed 11-25-03; 8:45 am]
BILLING CODE 8351-01-M