Aluminum (Suspended October 27, 2010)
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Date of Listing
April 7, 1997
Type of Trade
Physically Delivered Futures Transactions
Aluminum of minimum 99.70% purity with maximum permissible iron content of 0.20% and silicon content of 0.10%
Computerized Individual Auction
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
Night session immediately following 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.
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).
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
Day Session 9:00 a.m. to 3:15 p.m. (JST)
Night Session 4:30 p.m. to 4:00 a.m. (JST)
5,000 kg (5 tonnes) per contract
25,000 kg (25 tonnes) per contract (Delivery unit = 5 contract units)
JPY 0.1 per kg
Circuit Breaker Trigger Level
The CB trigger level is to be set everyday at the start of a clearing period (i.e.the start of a night session at 17:00) and is based on the settlement price of the previous clearing periond (or the settlement price of the preceding contract month, in case of a new contract month)
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.
TOCOM Product Code: 21
Reuters Contract Detail: TCE/JAL
Bloomberg Ticker: JHA