Platinum
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Platinum Standard Contract:
Date of Listing
January 26, 1984
Type of Trade
Physically Delivered Futures Transactions
Standard
Platinum of minimum 99.95% fineness
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 New Contract Month
Day session on the business day 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.
Good Delivery
Bullions matching the standard, hallmarked with a trade name, among other marks, designated by the Exchange. The Acceptable Weight Range of Deliverable Goods shall be +/-2% per contract.
Delivery Points
Specified warehouses (warehouses located in Tokyo)
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.
Trading Hours
Day Session 9:00 a.m. to 3:30 p.m. (JST)
Night Session 5:00 p.m. to 4:00 a.m. (JST)
Contract Unit
500 g / contract (approximately 16.08 troy ounces)
Delivery Unit
500 g / contract
Price Increment
JPY 1 per gram
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)
Margin
As SPAN Margining System started from January 4, 2011, Japan Commodity Clearing House (JCCH) will set its parameters based on historical price fluctuation.
Please see the website of Japan Commodity Clearing House (JCCH) for more details.
Customer Position Limit (for each long/short position)
Customers excluding commercials (*1) and investment trusts:
1st contract month in an even month: 100 contracts
1st contract month in an odd month: 150 contracts
2nd contract month: 200 contracts
All contract months combined: 3,500 contractsCommercials and investment trusts:
1st contract month in an even month: 600 contracts
1st contract month in an odd month: 700 contracts
2nd contract month: 1,200 contracts
All contract months combined: 10,000 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 (...)"
Ticker Symbol
TOCOM Internal Code: 13
Reuters Contract Detail: TCE/JPL
Bloomberg Ticker: JAA
Platinum Mini Contract:
Date of Listing
November 10, 2008
Type of Trade
Cash-settled Futures Transactions
Standard
Same as Platinum Standard (limited to Cash-settled Futures Transactions)
Trading Method
Same as Platinum Standard
Contract Months
Same as Platinum Standard
Last Trading Day
Same as Platinum Standard
Final Settlement Day
Same as the Last Trading Day
Final Settlement Price
Last Settlement Price of the Platinum Standard on the Last Trading Day of the current contract month
First Trading Day of New Contract Month
Same as Platinum Standard
Delivery Day
N/A
Good Delivery
N/A
Delivery Points
N/A
Method of Delivery
N/A
Trading Hours
Same as Platinum Standard
Contract Unit
100 g / contract (one-fifth of Platinum Standard; approximately 3.215 troy ounces)
Price Increment
Same as Platinum Standard
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)
Base Amount of Initial Clearing Margin (per contract)
As SPAN Margining System starts from January 4, 2011, Japan Commodity Clearing House (JCCH) will set its parameters based on historical price fluctuation.
Please see the website of Japan Commodity Clearing House (JCCH) for more details.
Customer Position Limit (for each long/short position)
Customers excluding commercials (*1) and investment trusts:
1st contract month in an even month: 200 contracts
1st contract month in an odd month: 300 contracts
2nd contract month: 400 contracts
All contract months combined: 7,000 contractsCommercials and investment trusts:
1st contract month in an even month: 1,800 contracts
1st contract month in an odd month: 2,100 contracts
2nd contract month: 3,600 contracts
All contract months combined: 30,000 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 (...)"
Ticker Symbol
TOCOM Internal Code: 17
Reuters Contract Detail: TCE/JPM
Bloomberg Ticker: MJAA
