Message-ID: <4345344.1075844465807.JavaMail.evans@thyme>
Date: Mon, 4 Dec 2000 10:05:00 -0800 (PST)
From: exchangeinfo@nymex.com
To: sara.shackleton@enron.com
Subject: (00-411) Current and Historical Silver Stocks
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Notice No. 00-411
November 30, 2000


TO:
ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS
ALL COMEX DIVISION MEMBERS AND MEMBER FIRMS

FROM: Neal Wolkoff, Executive Vice President

SUBJECT: Current and Historical Silver Stocks at Brink=01,s Inc. and Delawa=
re=20
Depository Service Company, LLC.


Effective Thursday, February 1, 2001, Brink=01,s Inc. in Brooklyn, New York=
 and=20
Delaware Depository Service Company, LLC in Wilmington, Delaware will becom=
e=20
Licensed Depositories for the storage and delivery of silver against the=20
COMEX Silver Futures Contract.

In order to provide the market with relevant data pertaining to both Brink=
=01,s=20
Inc. ("Brink=01,s") and Delaware Depository Service Company=01,s ("DDSC") s=
ilver=20
stock figures, the Exchange will report both current and historical stock=
=20
figures from both companies commencing on November 27, 2000.  The Exchange=
=20
will then report the stock figures on November 30th, December 15th, Decembe=
r=20
29th 2000 and January 16th, 2001 in a separate report from the daily metal=
=20
warehouse statistics.  Effective February 1, 2001, the Exchange will begin=
=20
reporting the eligible and registered silver stocks in the daily metal=20
warehouse statistics for both companies.

Troy Ounces of Silver Eligible for Exchange Delivery


December 31, 1999     Brink=01,s:   1,007,397         DDSC:    7,543,394
March 31, 2000       Brink=01,s:      81,262         DDSC:    6,364,264
June 30, 2000         Brink=01,s:   1,403,707         DDSC:    6,133,597
September 30, 2000    Brink=01,s:   1,337,124         DDSC:    5,990,871
October 31, 2000      Brink=01,s:     583,547         DDSC:    5,956,461
November 15, 2000     Brink=01,s:     218,975         DDSC:    5,957,369
November 30, 2000     Brink=01,s:     780,510         DDSC:    5,961,249




Eligible and Registered Silver

The eligible silver stocks at both companies and that of the daily metal=20
warehouse statistics are limited to silver bars that meet the Exchange=01,s=
=20
criteria for delivery.  This criteria specifies that a silver bar must weig=
h=20
1,000 troy ounces, plus or minus 10% and be on the Exchange=01,s Official L=
ist=20
of Approved Refiners and Brands for silver.  The eligible stocks denoted=20
here, and in the daily warehouse statistics, do not include such items as 1=
00=20
troy ounce silver bars or silver coins.

Specifically, eligible metal is not the same as registered metal.  Register=
ed=20
metal is defined as metal which meets the standards for delivery as stated =
in=20
the COMEX Rules and for which a COMEX Depository Receipt (Warrant) has been=
=20
issued.  Eligible metal is defined as metal which meets the standards for=
=20
delivery as stated in the COMEX Rules and for which no COMEX Depository=20
Receipt (Warrant) has been issued.

In order for eligible metal to become registered metal, the owner of the=20
metal must have an Exchange Licensed Depository issue a Depository Receipt=
=20
(Warrant) on those silver bars meeting Exchange standards comprising 5,000=
=20
troy ounces (plus or minus 6%) stored at its facility.

Depository Charges

Brink=01,s Inc.
Effective  Thursday, February 1, 2001, the rate for storage and handling=20
applicable to silver held on Exchange warrant at Brink=01,s Inc. will be as=
=20
follows: Storage: $18.50 per contract per month; Handling out: $65.00 per=
=20
contract.

Delaware Depository Service Company, LLC
Effective  Thursday, February 1, 2001, the rate for storage and handling=20
applicable to silver held on Exchange warrant at Delaware Depository Servic=
e=20
Company, LLC will be as follows: Storage: $18.50 per contract per month;=20
Handling out:  $65.00 per contract.

Should you have any questions regarding the above, please contact Albert J.=
=20
Getz at 212-299-2608.


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