Applications of the Chicago Board of Trade for Designation as a Contract Market in Futures and Options on the CBOT Argentina Brady Bond Index

COMMODITY FUTURES TRADING COMMISSION

Applications of the Chicago Board of Trade for Designation as a

Contract Market in Futures and Options on the CBOT Argentina Brady Bond

Index

AGENCY: Commodity Futures Trading Commission.

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

commodity futures and option contracts.

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SUMMARY: The Chicago Board of Trade (CBT or Exchange) has applied for

designation as a contract market in futures and futures options on the

CBOT Argentina Brady Bond Index. 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 purposes of the

Commodity Exchange Act.

DATES: Comments must be received on or before March 8, 1996.

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, DC 20581. Reference

should be made to the CBOT Argentina Brady Bond.

FOR FURTHER INFORMATION CONTACT: Stephen Sherrod of the Division of

Economic Analysis, Commodity Futures Trading Commission, Three

Lafayette Centre, 1155 21st Street, Washington, DC 20581, (202) 418-

5277.

SUPPLEMENTARY INFORMATION: The Exchange's proposed Brady bond contracts

are based on an index representing the sovereign debt of Argentina. The

SEC has been petitioned to grant the sovereign debt of Argentina exempt

status under SEC Rule 240.3a12-8. The SEC published the proposed

amendment to Rule 240.3a12-8 in the Federal Register for a 30-day

public comment period on December 20, 1995. Should the SEC add the

sovereign debt of Argentina to the list of exempted securities, the

Commission would then be able to designate futures on such security.

See Section 2(a)(1)(B)(v) of the Act.

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 Street, Washington, DC 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 CBT 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

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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 CBT, should send such comments to Jean

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

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

specified date.

Issued in Washington, DC, on January 31, 1996.

Blake Imel,

Acting Director.

[FR Doc. 96-2522 Filed 2-6-96; 8:45 am]

BILLING CODE 6351-01-P