Price Limit and Margin for April 2008
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2008.3.26
Margins and Price Limits to be applied for the trades in April 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 | Apr 2008 | 75,000 | 37,500 | - | - | 0.3 | 1.0 |
| May 2008 -Oct 2008 |
75,000 | - | - | 16.0 | |||
| Gold(Standard) | Apr 2008 | 135,000 | 67,500 | - | - | 3 | 8 |
| June 2008 -Apr 2009 |
135,000 | - | - | 150 | |||
| Gold(Mini) | Apr 2008 | 18,000 | - | - | - | 3 | 8 |
| Jun 2008 -Oct 2008 |
18,000 | - | - | 150 | |||
| Gold Options | ALL Series | 67,500 | - | - | 150 | 3 | 8 |
| Silver | Apr 2008 | 108,000 | 54,000 | - | - | 0.7 | 2.0 |
| Jun 2008 -Apr 2009 |
108,000 | - | - | 40.0 | |||
| Platinum | Apr 2008 | 150,000 | 150,000 | - | - | 3 | 10 |
| Jun 2008 -Apr 2009 |
150,000 | - | - | 300 | |||
| Palladium | Apr 2008 | 60,000 | 60,000 | - | - | 3 | 10 |
| Jun 2008 -Apr 2009 |
60,000 | - | - | 100 | |||
| Crude Oil | Apr 2008 | 180,000 | - | - | - | 30 | 200 |
| May 2008 -Sep 2008 |
180,000 | - | - | 2,700 | |||
| Gasoline | May 2008 | 180,000 | 90,000 | - | - | 30 | 200 |
| Jun 2008 -Nov 2008 |
180,000 | - | - | 2,700 | |||
| Kerosene | May 2008 | 180,000 | 90,000 | - | - | 30 | 200 |
| Jun 2008 -Nov 2008 |
180,000 | - | - | 2,700 | |||
| Aluminum | Apr 2008 | 75,000 | 37,500 | - | - | 0.5 | 1.2 |
| Jun 2008 -Apr 2009 |
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 May 2008 contract of Rubber, Spot Month Additional Clearing Margins (JPY 37,500) shall be required on and after April 24, 2008. * For the June 2008 contract of Gold (except Gold Mini and Gold Options), Silver, Platinum and Palladium, Spot Month Additional Clearing Margins (Gold standard: JPY 67,500, Silver: JPY 54,000, Platinum: JPY 150,000, Palladium: JPY 60,000) shall be required on and after April 25, 2008. * For the June 2008 contract of Gasoline and Kerosene, Spot Month Additional Clearing Margins (JPY 90,000) shall be required on and after April 28, 2008.
* For the June 2008 contract of Aluminium, Spot Month Additional Clearing Margins (JPY37,500) shall be required on and after April 25, 2008.
<Price Limit>
* No price limit will be imposed on and after April 24, 2008 for the May 2008 contract of Rubber, as well as the June 2008 contracts of Gasoline and Kerosene on and after April 28, 2008, and the June 2008 contracts of Gold, Silver, Platinum, Palladium and Aluminum on and after April 25, 2008.
