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Revocation of Approved Status for Warranting and Delivery of RUSAL Aluminum Brands under the COMEX Aluminum Futures Contract
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- From
- Registrar's Office
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- #
- MKR04-10-18
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- Notice Date
- 10 April 2018
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- Effective Date
- 10 April 2018
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DATE: April 10, 2018
MKR#: 04-10-18
SUBJECT: Revocation of Approved Status for Warranting and Delivery of RUSAL Aluminum Brands under the COMEX Aluminum Futures Contract
Effective immediately, Commodity Exchange, Inc. (“COMEX”” or “Exchange”) has revoked the approved status for registration (warranting) for delivery and delivery of the following Aluminum Brands against the Exchange’s Aluminum Futures contract (CME Globex/CME ClearPort Code: ALI; Rulebook Chapter 107):
Producer
Country
Brand
Code
Deliverable Shape
Bogoslovsky Aluminium Plant of Siberian-Urals Aluminium Company
Russia
BAZ SUAL
BAZS
Ingots/Tbars
Kandalaksha Aluminium Plant of Siberian-Urals Aluminium Company
Russia
KAZ SUAL
KAZS
Tbars
Nadvoitsky Aluminium Plant of Siberian-Urals Aluminium Smelter
Russia
NAZ SUAL
NAZS
Ingots/Tbars
Open Joint Stock Company RUSAL Bratsk Aluminium Smelter
Russia
RUSAL B
RUSB
Ingots/Tbars
Open Joint Stock Company "SUAL" Branch <<Irkutsk Aluminium Plant of the Siberian-Urals Aluminium Company>>
Russia
RUSAL I
RUSI
Ingots
Open Joint Stock Company RUSAL Krasnoyarsk Aluminium Smelter
Russia
RUSAL K
RUSK
Ingots/Tbars
Open Joint Stock Company RUSAL Sayanogorsk Aluminium Smelter
Russia
RUSAL KH
RUSKH
Ingots/Tbars
Open Joint Stock Company RUSAL Novokuznetsk Aluminium Smelter
Russia
RUSAL N
RUSN
Ingots/Tbars
Open Joint Stock Company RUSAL Sayanogorsk Aluminium Smelter
Russia
RUSAL S
RUSSA
Ingots/Tbars
Uralsky Aluminium Plant of Siberian-Urals Aluminium Company
Russia
UAZ SUAL
UAZS
Ingots/Tbars
Volgograd Aluminium Plant of Siberian-Urals Aluminium Company
Russia
VGAZ SUAL
VGAZ
Ingots/Tbars
each a “Former Approved Brand”, and together the “Former Approved Brands”.
As such, aluminum of a Former Approved Brand and warrants issued for aluminum of a Former Approved Brand shall not be deliverable under the Exchange’s Aluminum Futures contract. There is currently no warranted material of a Former Approved Brand at Exchange-approved warehouses.
Any unwarranted aluminum of a Former Approved Brand at Exchange-approved warehouses will no longer be deemed, or reported as, eligible for registration.
The Former Approved Brands are hereby removed from the list of Exchange approved Brand marks as provided in Chapter 7 of the Exchange Rules.
The Exchange notes that on April 6, 2018, the US Department of the Treasury’s Office of Foreign Assets Control ("OFAC"), in consultation with the Department of State, designated certain legal and natural persons as subject to sanctions, including United Company RUSAL Plc. Accordingly, the Exchange is taking the actions set out in this notice in respect of the Former Approved Brands pursuant to Exchange Rule 703.C.
The Commodity Futures Trading Commission (“CFTC”) will be notified of the aforementioned during the week of April 16, 2018 via the weekly notification procedures set out in Part 40 of the CFTC’s Regulations.
Please refer questions on this subject to:
Market Surveillance
Terry Gehring Terry.Gehring@cmegroup.com +1 312 435 3644
Research
Joann Arena Joann.Arena@cmegroup.com +1 212 299 2356
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