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External Meetings: Telephone Call with Mark Young
XXVI. Position Limits
Dan M. Berkovitz
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.