1. |
Summary of Rule Amendments |
|
(1) |
Rule Amendments for Circuit Breakers for Stock Index Futures |
|
|
a. Nikkei 225 Futures & Nikkei 225 mini (yen) |
|
|
Standard price |
Daily price limit |
Circuit Breakers |
Price range from
standard price
|
Deviation from
the fair value
|
Amended |
Current |
Amended |
Current |
Less than 7,500 |
±1,000 |
500 |
1,000 |
100 |
200 |
7,500 - less than 10,000 |
±1,500 |
750 |
150 |
10,000 - less than 12,500 |
±2,000 |
1,000 |
200 |
12,500 - less than 17,500 |
±3,000 |
1,500 |
300 |
17,500 - less than 22,500 |
±4,000 |
2,000 |
400 |
22,500 - less than 27,500 |
±5,000 |
2,500 |
500 |
27,500 - less than 32,500 |
±6,000 |
3,000 |
600 |
32,500 - less than 37,500 |
±7,000 |
3,500 |
700 |
37,500 - less than 42,500 |
±8,000 |
4,000 |
800 |
42,500 or more |
±9,000 |
4,500 |
900 |
|
|
|
b. Nikkei 300 Futures (points) |
|
|
Standard price |
Daily price limit |
Circuit Breakers |
Price range from
standard price
|
Deviation from
the fair value
|
Amended |
Current |
Amended |
Current |
Less than 150 |
±20 |
10 |
15 |
2 |
3 |
150 - less than 175 |
±25 |
12.5 |
2.5 |
175 - less than 200 |
±30 |
15 |
3 |
200 - less than 250 |
±40 |
20 |
4 |
250 - less than 300 |
±50 |
25 |
5 |
300 - less than 350 |
±60 |
30 |
6 |
350 - less than 400 |
±70 |
35 |
7 |
400 - less than 450 |
±80 |
40 |
8 |
450 - less than 500 |
±90 |
45 |
9 |
500 or more |
±100 |
50 |
10 |
|
|
|
c. MSCI JAPAN Futures & RN Prime Index Futures (points) |
|
|
Standard price |
Daily price limit |
Circuit Breakers |
Price range from
standard price
|
Deviation from
the fair value
|
Amended |
Current |
Amended |
Current |
Less than 500 |
±80 |
40 |
8 |
500 - less than 750 |
±120 |
60 |
80 |
12 |
16 |
750 - less than 1,000 |
±160 |
80 |
16 |
1,000 - less than 1,500 |
±240 |
120 |
24 |
1,500 - less than 2,000 |
±320 |
160 |
32 |
2,000 - less than 2,500 |
±400 |
200 |
40 |
2,500 - less than 3,000 |
±480 |
240 |
48 |
3,000 - less than 3,500 |
±560 |
280 |
56 |
3,500 or more |
±640 |
320 |
64 |
|
|
(2) |
Rule Amendments for Daily Price Limit for Stock Index Options |
|
|
a. Nikkei 225 Options (yen) |
|
|
Amended |
Current |
Standard price |
Daily price limit |
Standard price |
Daily price limit |
Less than 7,500 |
±1,000 |
Newly Added. |
7,500 - less than 10,000 |
±1,500 |
10,000 - less than 12,500 |
±2,000 |
Less than 12,500 |
±2,000 |
12,500 - less than 17,500 |
±3,000 |
12,500 - less than 17,500 |
±3,000 |
17,500 - less than 22,500 |
±4,000 |
17,500 - less than 22,500 |
±4,000 |
22,500 - less than 27,500 |
±5,000 |
22,500 - less than 27,500 |
±5,000 |
27,500 - less than 32,500 |
±6,000 |
27,500 - less than 32,500 |
±6,000 |
32,500 - less than 37,500 |
±7,000 |
32,500 - less than 37,500 |
±7,000 |
37,500 - less than 42,500 |
±8,000 |
37,500 - less than 42,500 |
±8,000 |
42,500 or more |
±9,000 |
42,500 or more |
±9,000 |
|
|
|
b. Nikkei 300 Options (points) |
|
|
Amended |
Current |
Standard price |
Daily price limit |
Standard price |
Daily price limit |
Less than 150 |
±20 |
Newly Added. |
150 - less than 175 |
±25 |
175 - less than 200 |
±30 |
Less than 200 |
±30 |
200 - less than 250 |
±40 |
200 - less than 250 |
±40 |
250 - less than 300 |
±50 |
250 - less than 300 |
±50 |
300 - less than 350 |
±60 |
300 - less than 350 |
±60 |
350 - less than 400 |
±70 |
350 - less than 400 |
±70 |
400 - less than 450 |
±80 |
400 - less than 450 |
±80 |
450 - less than 500 |
±90 |
450 - less than 500 |
±90 |
500 or more |
±100 |
500 or more |
±100 |
|
2. |
Effective Date |
|
The amended rules will be enforced on November 25, 2008. |
|