Chicago Mercantile Exchange Proposed Futures and Option Contracts on the Dow Jones Taiwan Stock Index

COMMODITY FUTURES TRADING COMMISSION

Chicago Mercantile Exchange Proposed Futures and Option Contracts

on the Dow Jones Taiwan Stock Index

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of the terms and conditions of proposed

commodity futures and futures option contracts.

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SUMMARY: The Chicago Mercantile Exchange (CME or Exchange) originally

applied for designation as a contract market in futures and futures

options on the Taiwan Stock Index. Comment on the proposed contracts

was requested in a Federal Register notice dated June 21, 1996 (61 FR

25636). 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, in this

instance, an additional period for public comment on the CME's amended

proposals in the Dow Jones Taiwan Stock Index is warranted.

DATES: Comments must be received on or before October 10, 1996.

ADDRESSES: Interested persons should submit their views and comments to

Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three

Lafayette Centre, 1155 21st St., NW, Washington, DC 20581. In addition,

comments may be sent by facsimile transmission to facsimile number

(202) 418-5521, or by electronic mail to [email protected]. Reference

should be made to the Chicago Mercantile Exchange Dow Jones Taiwan

Stock Index futures and futures option contracts.

FOR FURTHER INFORMATION CONTACT: Please contact Stephen Sherrod of the

Division of Economic Analysis, Commodity Futures Trading Commission,

Three Lafayette Centre, 1155 21st St., NW, Washington, DC 20581,

telephone 202-418-5277. Facsimile number: (202) 418-5527. Electronic

mail: [email protected]

SUPPLEMENTARY INFORMATION: The Dow Jones Taiwan Stock Index is a

capitalization-weighted index of 113 stocks listed on the Taiwan Stock

Exchange. The index underlying the original application, the Taiwan

Stock Index, is a capitalization-weighted index of 100 stocks listed on

the Taiwan Stock Exchange. The Dow Jones Taiwan Stock Index and the

Taiwan Stock Index have an overlap of 86 stocks; the weight of those 86

stocks in the Dow Jones Taiwan Stock Index is 95.33%, and the weight of

those in the Taiwan Stock Index is 93.50%. Thus, the Dow Jones Taiwan

Stock Index is a close substitute for the Taiwan Stock Index.

Copies of the terms and conditions will be available for inspection

at the Office of the Secretariat, Commodity Futures Trading Commission,

Three Lafayette Centre, 1155 21st St., NW, Washington, D.C. 20581.

Copies of the terms and conditions can be obtained through the Office

of the Secretariat by mail at the above address or by phone at (202)

418-5097.

Other materials submitted by the CME in support of the applications

for contract market designation 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 (1987)), 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.

Any person interested in submitting written data, views, or

arguments on the proposed terms and conditions, or with respect to

other materials submitted by the CME, should send such comments to Jean

A. Webb, Secretary, Commodity Futures Trading Commission, Three

Lafayette Centre, 1155 21st St., NW, Washington, DC 20581 by the

specified date.

Issued in Washington, DC, on September 19, 1996.

John R. Mielke,

Acting Director.

[FR Doc. 96-24594 Filed 9-24-96; 8:45 am]

BILLING CODE 6351-01-P