Osaka Mercantile Exchange: Suspension Of Sessions And Delisting Of Cotton Yarn 20'S And 40'S Markets

On November 20, 2003, the Board of Directors decided on the suspension of sessions and delisting of Cotton Yarn 20'S and 40'S markets upon the receipt of the consultation paper from the Textile Market Committee and the Cotton Yarn Market Study Group which stated that the mission of the cotton yarn futures market has been completed amid the harsh environment surrounding the textile industry and there is no alternative but to delist the market.

The procedure of the suspension and the delisting shall be as follows:

1. New contract months from May 2004 onward will not be launched;
2. As for the existing contract months, i.e. December 2003, January, February, March and April 2004, the sessions shall be suspended from December 1, 2003 onward. The remaining positions are required to be settled by liquidation or covering by November 28, 2003.
3. The contracts shall be delisted at the end of April, 2004.