Date of Listing
September 10, 2001
Type of Trade
Cash-settled Futures Transaction
Type of Crude Oil
Middle East crude oil (The value of Dubai which acts as the benchmark price of Middle East crude oil.)
Computerized Individual Auction
Final Execution Price of Individual Auction
Final Settlement Price
Yen-based monthly average value of Dubai calculated by the Exchange based on the prices reported by a price information vendor (as a general rule, platts)
Six consecutive months (On the day when a new contract month is generated, there will be six consecutive months starting from the month which the said day belongs to.)
Last Trading Day
Day session on the last business day of the current contract month.
First Trading Day of a New Contract Month
Day session on the next business day of the Last Trading Day of the current contract month.
Final Settlement Day
A business day following the Last Trading Day of the current contract month.
Opening Call Auction (Ita-awase) : 8:45 a.m. (JST)
Continuous Trading (Zaraba) : 8:45 a.m. to 3:10 p.m. (JST)
Closing Call Auction (Ita-awase) : 3:15 p.m. (JST)
Opening Call Auction (Ita-awase) : 4:30 p.m. (JST)
Continuous Trading (Zaraba) : 4:30 p.m. to 5:25 a.m. of the following morning (JST)
Closing Call Auction (Ita-awase) : 5:30 a.m. of the following morning (JST)
50 kl (approximately 314,5 barrels) / contract
JPY 10 per 1 kiloliter
Circuit Breaker Trigger Level (Static Circuit Breaker (SCB) Level)
The SCB trigger level is to be set everyday at the start of a new clearing period (i.e.the start of a night session at 16:30) and is based on the settlement price of the previous clearing period (or the settlement price of the preceding contract month, in case of a new contract month)
Immediately Executable Price Range (Dynamic Circuit Breaker (DCB) Level)
The DCB trigger level is to be set based on DCB Reference Price (the last traded price,in principle)
As SPAN Margining System started from January 4, 2011, Japan Securities Clearing Corporation (JSCC) will set its parameters based on historical price fluctuation.
Please see the website of Japan Securities Clearing Corporation (JSCC) for more details.
Customer Position Limits
No Position Limits. However, limits may be set if the exchange finds it necessary.
TOCOM Product Code: 33
Reuters Contract Detail: TCE/JCO
Bloomberg Tickers: CPA
Market Maker Progerame
For more details, please refer to here.