Modifications in Rubber, Platinum and Palladium Markets

2008.5.15

The Board of Directors decided at the meeting held on May 14th, 2008, to implement the below modifications in the Rubber, Platinum and Palladium markets on and after June 2nd, 2008.

I. Rubber Market
a) Customers
The position limits applicable to each contract month are currently sub-divided into four groups (here referred to as A, B, C and D).
The groups marked “C” and “D” below will be eliminated. The position limit for the current contract month (group “A”) and 2nd contract month (group “B”), as well as the total position limit will not be affected by the modification.

CUSTOMERS(in contracts) A B C D Total
Current contract month 2nd contract month 3rd contract month Other contract months
Current Rule 200 600 1,600 3,000
for each month
10,000
New Rule 200 600 N/A N/A 10,000

b) Members
Working similarly to the above-mentioned modification, groups “C” (3rd contract month) and “D” (4th, 5th and 6th contract months) will be eliminated. The position limit for the current contract month (group “A”) and 2nd contract month (group “B”), as well as the total position limit will not be affected by the modification.

II. Platinum Market
a) Customers
The position limits applicable to each contract month are currently sub-divided into five groups (here referred to as A, B, C, D and E).
The groups marked “D” and “E” below will be eliminated. The total position limit will be expanded from 3,000 contracts to 3,500 contracts. The position limit for the first contract month (groups “A” and “B”) and 2nd contract month (group “C”) will not be affected by the modification.

CUSTOMERS(in contracts) A B C D E Total
1st contract month in an even month 1st contract month in an odd month 2nd contract month 3rd and 4th contract month Other contract months
Current Rule 100 150 200 700
for each month
1,000
for each month
3,000
New Rule 100 150 200 N/A N/A 3,500

b) Members
Working similarly to the above-mentioned modification, groups “D” (3rd and 4th contract months) and “E” (5th and 6th contract months) will be eliminated. The total position limit will be expanded. The position limit for the first contract month (groups “A” and “B”) and 2nd contract month (group “C”) will not be affected by the modification.

III. Palladium Market
a) Customers
The position limits applicable to each contract month are currently sub-divided into five groups (here referred to as A, B, C, D and E).
The groups marked “D” and “E” below will be eliminated. The total position limit will be expanded from 2,100 contracts to 2,500 contracts. The position limit for the first contract month (groups “A” and “B”) and 2nd contract month (group “C”) will not be affected by the modification.

CUSTOMERS(in contracts) A B C D E Total
1st contract month in an even month 1st contract month in an odd month 2nd contract month 3rd and 4th contract month Other contract months
Current Rule 60 120 240 360
for each month
600
for each month
2,100
New Rule 60 120 240 N/A N/A 2,500

b) Members
Working similarly to the above-mentioned modification, groups “D” (3rd and 4th contract months) and “E” (5th and 6th contract months) will be eliminated. The total position limit will be expanded. The position limit for the first contract month (groups “A” and “B”) and 2nd contract month (group “C”) will not be affected by the modification.

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