Price Limit and Margin for November 2008

10.29.2008

Margins and Price Limits to be applied for the trades in November 2008 are as follows (Unit: JPY):

Commodity Contract Month Initial*1 Spot Month*2 Extra-ordinary*3 Price Limit EPR*4(+/-Ref. Price*5) WPR*6(+/-Ref. Price)
Rubber  NOV'08 75,000 37,500 - - 0.3 1.0
DEC'08
-MAY'09
75,000 - - 16.0
Gold
(Standard)
DEC'08 135,000 67,500 - - 3 8
FEB'09
-OCT'09
135,000 - - 150
Gold
(Mini)
DEC'08 18,000 - - - 3 8
FEB'09
-OCT'09
18,000 - - 150
Gold Options All series   67,500 - - - 3 8
67,500 - - 150
Silver DEC'08 108,000 54,000 - - 0.7 2.0
FEB'09
-OCT'09
108,000 - - 40.0
Platinum DEC'08 150,000 150,000 - - 3 10
FEB'09
-OCT'09
150,000 - - 300
Platinum
(Mini)
DEC'08 40,000 - - - 3 10
FEB'09
-OCT'09
40,000 - - 300
Palladium DEC'08 60,000 60,000 - - 3 10
FEB'09
-OCT'09
60,000 - - 80
Crude Oil NOV'08 210,000 - - - 30 200
DEC'08
-APR'09
210,000 - - 3,600
Gasoline DEC'08 210,000 105,000 - - 30 200
JAN'09
-JUN'09
210,000 - - 3,600
Kerosene DEC'08 210,000 105,000 - - 30 200
JAN'09
-JUN'09
210,000 - - 3,600
Aluminum DEC'08 75,000 37,500 - - 0.5 1.2
FEB'09
-OCT'09
75,000 - - 16.0

*1 Initial : Maintenance Amount for Initial Clearing Margin
*2 Spot Month : Spot Month Additional Clearing Margin
*3 Extraordinary : Extraordinary Clearing Margin
*4 EPR : Executable Price Range
*5 RP: Reference Price
*6 WPR: Warning Point Range

<Spot Month Additional Clearing Margin>  
* For the December 2008 contract of Rubber, Spot Month Additional Clearing Margins (JPY 37,500) shall be required on and after November 25, 2008.  
* For the January 2009 contracts of Gasoline and Kerosene, Spot Month Additional Clearing Margins (Gasoline: JPY 105,000, Kerosene: JPY 105,000) shall be required on and after November 26, 2008.  

 <Price Limit>  
* No price limit will be imposed on and after November 25, 2008 for the December 2008 contract of Rubber.
* No price limit will be imposed on and after November 26, 2008 for the January 2009 contracts of Gasoline and Kerosene.
* With regards to Palladium, if the final contract price for all or a part of the contract months drops below JPY 400 to within the three hundred yen level, the price limits for Palladium shall be JPY 60 on and after the following business day.

 

 

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