TOCOM Announces Applicable Member Registration Fees and Other Fees

12.1.2008

    Tokyo Commodity Exchange, Inc. (TOCOM) announced the applicable amounts for Member
Registration Fee (tax not included) and other fees at the meeting of the board of directors held today as follows. 

1. Member Registration Fee

a. Broker Member and Trade Member

    Fee per market:    JPY 10 million

    Fee for multiple markets (cap):    JPY 25 million

   * For the Aluminum market, the fee is JPY 5 million until further notice.

b. Affiliate Member

    Fee per market:    JPY 1 million   

 

2. Fee for Registered Name Amendment                 JPY 1 million  

 

3. Trading Participation Fees

(1)Membership Fees for fiscal year 2008

a. Broker Member :         JPY 360,000 per market / half year

b. Trade Member :          JPY 300,000 per market / half year

c. Affiliate Member:        JPY   60,000 per market / half year 

 

(2) Exchange Fees for fiscal year 2008

a. Gold Mini and Platinum Mini        JPY 14 per trade* (one way)

* However, to promote the launch of these contracts, the Exchange Fee is set at JPY 9 per trade (one way) for the time being.

b.   Gold Options                           JPY 19 per trade  (one way)

c.   Other products                         JPY 39 per trade (one way)

                                                     JPY 99 per delivery (except crude oil)

d.   Volume Discount Program

     When a Member's accumulated transaction volume within a month exceeds the number of trades set forth in the below tiers; the following discounted Exchange Fees will apply to the trades in excess of each tier.  

  Tier 1 Tier 2
Level 1  (No. of Trades) Discount(JPY) Exchange Fee(JPY) Level 2 (No. of Trades) Discount(JPY) Exchange Fee(JPY)
Gold 300,000 5 34 600,000 10 29
Silver 10,000 5 34 15,000 10 29
Platinum 200,000 5 34 300,000 10 29
Palladium 10,000 5 34 15,000 10 29
Aluminum 2,000 5 34 4,000 10 29
Gasoline 100,000 5 34 200,000 10 29
Kerosene 50,000 5 34 100,000 10 29
Crude Oil 30,000 5 34 45,000 10 29
Rubber 140,000 5 34 210,000 10 29
Gold Mini 30,000 2 7 60,000 4 5

As for the Platinum Mini contract (Platinum Cash-settled Futures Transaction), the tier levels and discount amounts will be determined based on actual transaction records until March 2009. The volume discount program will then apply to trades in April 2009 and thereafter.

4. Exchange Fee for December 2008

A refund of JPY 0.5 per trade shall apply to the JPY 39 Exchange Fee. The Exchange Fee for January 2009 and thereafter will be discussed and determined by the board of directors at a later date.

Important note:
The term "Member" as used on this webpage shall correspond to "Trading
Participant" as set forth in the Commodity Exchange Act.

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