Azuki (Red Bean) - Contract Specifications

Date of Listing

February 12, 2013

Type of Trade

Physically Delivered Futures Transaction

Standard

Grading standards No. 2 azuki (red bean) produced in Hokkaido, Japan

Trading Method

Computerized individual auction (Multiple executions)

Settlement Price

Final Execution Price of Individual Auction

Settlement Price of Last Trading Day (Delivery Price)

The volume-weighted average price calculated based on execution prices and volume formed through Individual Auction during the Day Session

Contract Months

All months within a sixmonth period starting from the month immediately following the month containing the First Trading Day of a new contract month

Last Trading Day

Day session on the 2nd 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

The business day (by noon) immediately preceding the last business day of each month except December (by noon on the 24th day of December)

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.

Delivery Points

TOCOM-designated commercial warehouses that are located in Tokyo, Kanagawa, Chiba, Saitama, and Hokkaido

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

2,400 kg (80 bags)

Delivery Unit

2,400 kg (80 bags)

Price Increment

JPY 10 per 30 kg (1 bag)

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

As SPAN Margining System started from January, 2011, Japan Commodity Clearing House (JCCH) sets its parameters (variables) for the basis of the margin calculation.

Position Limits (separately for long and short positions)

[Proprietary Trades]*
1st contract month: 50
2nd contract month: 100
3rd contract month: 200
4th contract month: 600
5th contract month and thereafter (each): 1,000

[Customers excluding commercials and investment trusts]
1st contract month: 20
2nd contract month: 50
3rd contract month: 150
4th contract month: 300
5th contract month and thereafter (each): 500

[Customers (Commercials、Investment trusts, etc)]
1st contract month: 50
2nd contract month: 100
3rd contract month: 200
4th contract month: 600
5th contract month and thereafter (each): 1,000

* Proprietary trades to be conducted by Members.

Ticker Symbol

TOCOM Product Code: 204
Reuters Contract Detail: TCE/JRB
Bloomberg Tickers: JEA

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