tag:blogger.com,1999:blog-3782644139927778760.post-64681416046882740602008-03-08T19:26:00.000-05:002008-03-08T19:26:00.000-05:002008-03-08T19:26:00.000-05:00I'm hearing that horse manure will now be traded as a fungible commodity, in addition to: <BR/><BR/> Urea<BR/>A combination of carbon, nitrogen, oxygen, and hydrogen (the building blocks of all life), urea is a potent fertilizer. Originally isolated from urine in 1773, it was the first organic compound to be synthesized in the lab from inorganic materials. Today, urea is a major industrial chemical (it adds flavor to cigarettes - yum).<BR/><BR/><BR/>Also See: Commingling of Commodities: All Commodities stored hereunder may be commingled and warehoused as one general lot of fungible goods and the Bank shall be entitled to such portion of such general lot as the amount of the Commodity represented by the Warehouse Receipt bears to the whole of such general lot of such Commodities.<BR/><BR/>Also, in regard to The Fed accepting manure as collateral: Release of Commodities: For greater certainty it is hereby stated and agreed that the Collateral Manager shall not allow the release of any Commodities unless it has received written instructions from The Fed stating the person to whom the Commodities shall be released and the date and manner of such release, notwithstanding alternative or contradictory instructions from the Depositor.Anonymousnoreply@blogger.com