Price Limit and Margin for December 2008

11.26.2008

Margins and Price Limits to be applied for the trades in December 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 DEC'08 75,000 37,500 - - 0.3 1.0
JAN'09
-JUN'09
75,000 - - 16.0
Gold
(Standard)
DEC'08 135,000 67,500 - - 3 8
FEB'09
-DEC'09
135,000 - - 150
Gold
(Mini)
DEC'08 18,000 - - - 3 8
FEB'09
-DEC'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
-DEC'09
108,000 - - 40.0
Platinum DEC'08 150,000 150,000 - - 3 10
FEB'09
-DEC'09
150,000 - - 300
Platinum
(Mini)
DEC'08 40,000 - - - 3 10
FEB'09
-DEC'09
40,000 - - 300
Palladium DEC'08 60,000 60,000 - - 3 10
FEB'09
-DEC'09
60,000 - - 80
Crude Oil DEC'08 210,000 - - - 30 200
JAN'09
-MAY'09
210,000 - - 3,600
Gasoline JAN'09 210,000 105,000 - - 30 200
FEB'09
-JUL'09
210,000 - - 3,600
Kerosene JAN'09 210,000 105,000 - - 30 200
FEB'09
-JUL'09
210,000 - - 3,600
Aluminum DEC'08 75,000 37,500 - - 0.5 1.2
FEB'09
-DEC'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 January 2009 contract of Rubber, Spot Month Additional Clearing Margins (JPY 37,500) shall be required on and after December 22, 2008.  
* For the February 2009 contract of Gold (except Gold Mini and Gold Options), Silver, Platinum(except Platinum Mini) and Palladium, Spot Month Additional Clearing Margins (Gold: JPY 67,500, Silver: JPY 54,000, Platinum: JPY 150,000, Palladium: JPY 60,000) shall be required on and after December 19, 2008.  
* For the February 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 December 26, 2008.     
* For the February 2009 contract of Aluminum, Spot Month Additional Clearing Margins (JPY 37,500) shall be required on and after December 19, 2008.  

 <Price Limit>  
* No price limit will be imposed on and after December 22, 2008 for the January 2009 contract of Rubber.
* No price limit will be imposed on and after December 26, 2008 for the February 2009 contracts of Gasoline and Kerosene.
* No price limit will be imposed on and after December 19, 2008 for the February 2009 contract of Gold, Silver, Platinum, Palladium and Aluminum.
* 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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