Aluminum (Suspended October 27, 2010) - Contract Specifications

Date of Listing

April 7, 1997

Type of Trade

Physically Delivered Futures Transactions

Standard

Aluminum of minimum 99.70% purity with maximum permissible iron content of 0.20% and silicon content of 0.10%

Trading Method

Computerized Individual Auction

Contract Months

All even months within a year (On the day when a new contract month is generated, there will be 6 even months starting from the next even month after the month which the said day belongs to)

Last Trading Day

Day session on the third business day preceding the Delivery Day

First Trading Day of a New Contract Month

Day session on the next business day of the Last Trading Day of the current contract month.

Delivery Day and Time

Until noon of the last day of each even month except December (the 28th for December). If the day falls on an Exchange holiday or the last business day of the year, Delivery Day will be the immediately preceding business day.

Good Delivery

Bars of a brand designated by the Exchange matching the standard(62brands). The Acceptable Weight Range of Deliverable Goods shall be +/-2% per contract (25 tonnes).

Delivery Points

Specified warehouses

Method of Delivery

The Party Making Delivery submits to the Exchange a warehouse receipt, issued by a TOCOM-designated warehouse, for the delivery goods. The Party Taking Delivery submits to the Exchange the Delivery Value based on the delivery price.

* Click here for Regulations on Aluminum Warehouse Receipts Modified

Trading Hours

Day Session
Opening Call Auction (Ita-awase) : 8:45 a.m. (JST)
Continuous Trading (Zaraba) : 8:45 a.m. to 3:10 p.m. (JST)
Closing Call Auction (Ita-awase) : 3:15 p.m. (JST)
Night Session
Opening Call Auction (Ita-awase) : 4:30 p.m. (JST)
Continuous Trading (Zaraba) : 4:30 p.m. to 5:25 a.m. of the following morning (JST)
Closing Call Auction (Ita-awase) : 5:30 a.m. of the following morning (JST)

Contract Unit

5,000 kg (5 tonnes) per contract

Delivery Unit

25,000 kg (25 tonnes) per contract (Delivery unit = 5 contract units)

Price Increment

JPY 0.1 per kg

Circuit Breaker Trigger Level (Static Circuit Breaker (SCB) Level)

The SCB trigger level is to be set everyday at the start of a new clearing period (i.e.the start of a night session at 16:30) and is based on the settlement price of the previous clearing period (or the settlement price of the preceding contract month, in case of a new contract month)

Immediately Executable Price Range (Dynamic Circuit Breaker (DCB) Level)

The DCB trigger level is to be set based on DCB Reference Price (the last traded price,in principle)

Margin

-

Customer Position Limits (separately for long and short positions)

Customers excluding commercials (*1) and investment trusts:
1st contract month (expiry month): 400 contracts
1st contract month (month before expiry month): 800 contracts
Other contract months (each): 2,400 contracts
All contract months combined: 10,000 contracts

Commercials and investment trusts:
1st contract month (expiry month): 800 contracts
1st contract month (month before expiry month): 1,200 contracts
Other contract months (each): 4,000 contracts
All contract months combined: 14,000 contracts

*1: as defined by the Commodity Exchange Act and the Articles of Incorporation
("Those who, as their line of business, engage in the purchase, sale, intermediary of trades, brokerage or agency activity, production, processing or use of Listed Commodity Component Products (...)"

Note: apart from the delivery mentioned in these contract specifications, Coordinated Delivery and Declared Delivery are also available.

Ticker Symbol

TOCOM Product Code: 21
Reuters Contract Detail: TCE/JAL
Bloomberg Ticker: JHA

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