Price Limit and Margin for January 2009

12.22.2008

Margins and Price Limits to be applied for the trades in January 2009 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 JAN'09 75,000 37,500 - - 0.3 1.0
FEB'09
-JUL'09
75,000 - - 16.0
Gold
(Standard)
FEB'09 135,000 67,500 - - 3 8
APR'09
-DEC'09
135,000 - - 150
Gold
(Mini)
FEB'09 18,000 - - - 3 8
APR'09
-DEC'09
18,000 - - 150
Gold Options All series   67,500 - - - 3 8
67,500 - - 150
Silver FEB'09 108,000 54,000 - - 0.7 2.0
APR'09
-DEC'09
108,000 - - 40.0
Platinum FEB'09 150,000 150,000 - - 3 10
APR'09
-DEC'09
150,000 - - 300
Platinum
(Mini)
FEB'09 40,000 - - - 3 10
APR'09
-DEC'09
40,000 - - 300
Palladium FEB'09 60,000 60,000 - - 3 10
APR'09
-DEC'09
60,000 - - 80
Crude Oil JAN'09 210,000 - - - 30 200
FEB'09
-JUN'09
210,000 - - 3,600
Gasoline FEB'09 210,000 105,000 - - 30 200
MAR'09
-AUG'09
210,000 - - 3,600
Kerosene FEB'09 210,000 105,000 - - 30 200
MAR'09
-AUG'09
210,000 - - 3,600
Aluminum FEB'09 75,000 37,500 - - 0.5 1.2
APR'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 February 2009 contract of Rubber, Spot Month Additional Clearing Margins (JPY 37,500) shall be required on and after January 27, 2009.  
* For the March 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 January 26, 2009.

 <Price Limit>  
* No price limit will be imposed on and after January 27, 2009 for the February 2009 contract of Rubber.
* No price limit will be imposed on and after January 26, 2009 for the March 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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