Applications of the Chicago Board of Trade for Designation as a Contract Market in PCS Catastrophe Single-Event Insurance Options for the Entire U.S. (National) Plus Eight Regional and State-Based Contracts Covering the Northeast, West, California, Texas, East, Southeast, Midwest, and Florida

摘要

The Chicago Board of Trade (CBT or Exchange) has applied for designation as a contract market in nine options on PCS catastrophe single-event insurance. The options include a national contract plus eight regional and state-based contracts representing the Northeast, West, California, Texas, East, Southeast, Midwest, and Florida. The applications were submitted under the Commission's 45-day Fast Track procedures. The Acting Director of the Division of Economic Analysis (Division) of the Commission, acting pursuant to the authority delegated by Commission Regulation 140.96, has determined that publication of the proposals for comment is in the public interest, will assist the Commission in considering the views of interested persons, and is consistent with the purpose of the Commodity Exchange Act.