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External Meetings: Telephone Call with Mark Young

10/7/2011 6:00 PM
XXVI. Position Limits

CFTC Staff:
Dan M. Berkovitz
Mark Young
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.