[Federal Register: November 26, 2003 (Volume 68, Number 228)]
[Notices]
[Page 66402-66403]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26no03-35]

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

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 secretary@cftc.gov. 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: mmurray@cftc.gov.

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://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.cftc.gov/deapendingindustryfilings.htm#approvalrequests, 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