External Meetings: Telephone Call with Mark Young

When:

10/7/2011 6:00 PM

Rulemaking(s):

XXVI. Position Limits

CFTC Staff:

Dan M. Berkovitz

Visitor(s):

Mark Young

Organization(s):

Skadden Arps (representing CME)

Mr. Young called to discuss two issues in the position limits rulemaking: (1) ability of DCMs to revise estimates of "deliverable supply" prior to the imposition of new spot month limits under the new rule; and (2) whether amounts of commodities subject to long-term supply contracts could be counted in calculations of the amount of deliverable supply.