Coffee, Sugar & Cocoa Exchange: Proposed Amendments to the Nonfat Dry Milk Futures Contract to Change the Contract From Physical Delivery to Cash Settlement

Özet

The Coffee, Sugar & Cocoa Exchange (CSCE or Exchange) has submitted amendments to its nonfat dry milk futures contract that would change the contract from physical delivery to cash settlement. In accordance with Section 5a(a)(12) of the Commodity Exchange Act and acting pursuant to the authority delegated by Commission Regulation 140.96, the Acting Director of the Division of Economic Analysis (Division) of the Commodity Futures Trading (Commission) has determined, on behalf of the Commission, that the proposed amendments are of major economic significance. On behalf of the Commission, the Division is requesting public comment on the proposal.