[Federal Register: April 26, 1996 (Volume 61, Number 82)] [Notices] [Page 18571-18572] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr26ap96-42] ======================================================================= ----------------------------------------------------------------------- COMMODITY FUTURES TRADING COMMISSION Chicago Board of Trade Long-Term U.K. Gilt Futures and Option Contracts AGENCY: Commodity Futures Trading Commission. ACTION: Notice of availability of the terms and conditions of proposed commodity futures option contract and amendments to the underlying futures contract. ----------------------------------------------------------------------- SUMMARY: The Chicago Board of Trade (CBT or Exchange) has submitted a proposal to implement a trading and clearing link (link) with the London International Financial Futures and Options Exchange (LIFFE). That proposal currently is under review at the Commission. <SUP>1 Pursuant to the proposed link, CBT and LIFFE would trade their major financial futures and options contracts, including the subject U.K. gilt option and the underlying U.K. gilt futures contract, on each other's floors by open outcry. Effectively, the link would permit ``cross listing'' of the CBT and LIFFE U.K. gilt futures and option contracts. --------------------------------------------------------------------------- \1\ The Commission requested public comment on the CBT/LIFFE link proposal in a Federal Register notice dated April 18, 1996 (61 FR 16899). --------------------------------------------------------------------------- All contracts traded through the link would be completely fungible. Accordingly, the CBT has proposed to amend the terms and conditions of its existing dormant U.K. gilt futures contract to be compatible with the terms and conditions of the corresponding LIFFE contract. In addition, the CBT has submitted an application for designation as a contract market in options on its existing U.K. gilt futures contract. The 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. DATE: Comments must be received on or before May 28, 1996. ADDRESSES: Interested persons should submit their views and comments to Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three Lafayette Street, 1155 21st Street, Washington, DC 20581. Reference should be made to the CBT option on the long-term U.K. Gilt futures contract and the amendments to the underlying futures contract. FOR FURTHER INFORMATION CONTACT: Please contact Steve Sherrod of the Division of Economic Analysis, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581, telephone, 202-418-5277. SUPPLEMENTARY INFORMATION: Copies of the terms and conditions of the proposed option contract and those of the amended futures contract will be available for inspection at the Office of the Secretariat, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW., 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 proposals 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 terms and conditions of the proposed option contract or the amended futures contract, or with respect to other materials submitted by the CBT in support of the proposals, should send such comments to Jean A. Webb, [[Page 18572]] Secretary, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, DC, 20581 by the specified date. Issued in Washington, DC, on April 22, 1996. Blake Imel, Acting Director. [FR Doc. 96-10353 Filed 4-25-96; 8:45 am] BILLING CODE 6351-01-P
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