Abolition of Exceptional Measures for Price Limit in Gold Contract and Oil Market Contracts (Gasoline, Kerosene, Crude Oil)


The Board of Directors decided at the meeting held today (September 19, 2007) to implement the following modifications on and after October 1st, 2007.

Following the expansion of the Price Limit in the Gold (from July), Gasoline, Kerosene and Crude Oil (from October) contracts, the Exceptional Measures for Price Limit* in these four contracts are to be abolished.

Please note that the Exceptional Measures for Price Limit* in the Rubber, Silver, Platinum, Palladium and Aluminum contracts will not be abolished.

*Exceptional Measures for Price Limit: when final contract prices for three or more contract months have reached the price limit in the same direction, the Daily Price Fluctuation Limit for all contract months except the current contract month shall be expanded by 50% from the following business day.